The economic picture has started to improve, but those out of work see no recovery in sight.
The job market is showing signs of improvement, according to the latest economic reports. But for those out of work and pounding the pavement, there are few signs of a turnaround.
After peaking in January, the pace of job losses has slowed dramatically, according to the Labor Department. Employers cut 216,000 jobs from their payrolls in August — 22% fewer than the previous month.
But even though job cuts have abated, hiring is close to a standstill, as most employers are still hesitant to add workers. The number of new hires remains near an all-time low, according to the Bureau of Labor Statistics.
And job hunters aren’t seeing much improvement either.
“I’ve applied to over 80 positions and only gotten one callback from a company that ‘wasn’t hiring but was interested in me for future openings,’” said Shalon Brown, 27, who was laid off in December and has struggled to find something else in her field of landscape architecture.
“I’d be willing to take any job that pays at least $30,000 and offers health insurance right now.”
But that might be harder than it sounds. One problem is that companies are trending away from filling full-time positions with benefits. For those businesses in need of extra help, employers are much more likely to bring on temporary workers to meet demand, explained Janette Marx, senior vice president of Ajilon Professional Staffing. “They are not quite sure of hiring full time yet,” Marx said.
In fact, almost 70% of U.S. companies surveyed expect no change in their fourth-quarter hiring plans, according to a recent study by employment services company Manpower Inc.
Tags: businesses, economic, employers, us
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