By: Adam Gavriel
Reports have surfaced this week (October 15-18) that state that the 7.8% unemployment reported earlier in the month has decreased as autumn has taken over the country. Now in mid-October, the unadjusted unemployment rate (according to gallup.com) is 7.3%. Some take issue with this number because the number doesn’t take into account the high number of people who are considered to have just plain stopped looking. Some economists are stating that the correct number if you take back the people, the ones who dropped out of the workforce, would be at 10.7 percent.
This report came out just a day after the most recent Presidential debate on Long Island at Hofstra University. Perhaps to those who don’t pay attention to world affairs, they might find a bit of optimism. While debate has continued on the accuracy of the September report, with some believing the numbers may have been ‘cooked’ or weighted in some manner for political purposes, today’s release via Gallup reignited the controversy on the accuracy of the “numbers” and put it right back in the spotlight.
Statistics are never perfect. Many people will tell you that you can make them read anything you want to depending upon what you’re looking to get out of them. For example 75% of those polled in the Beck Household think that the owner of Crossroads Consulting, Mitch Beck, is the most amazing man on Earth. On the other hand you can just as easily report with the same poll that 25% of the members of the Beck Household do NOT think Mitch Beck is the most amazing man on Earth. So with every poll and statistic, you have to look at it in it’s full context.
So remember that when reading these numbers that are coming out, that they don’t necesserily paint the full picture. For example, the percentage of American’s working part-time is known as being, “underemployed” are included as working in the polling numbers. Some numbers: full-time work Gallup will tell you has increased from 8.6% to 9% On top of that; the underemployment rate fell to 16.3%.
Are those the kinds of numbers that give you confidence? They don’t here at Crossroads Consulting. Here we’re doing all that we can to put a dent in both of those numbers.
We’re hopeful that perhaps a false sense of optimism will areise from these numbers to convince some businesspeople that it will be okay to start hiring again. One final report is due out just before the general election on November 6th.
As millions of Americans struggle to find full-time employment, satisfaction has to be found somewhere. As we approach the holiday season, many employers will be looking to fill part-time employment spots. And while that won’t solve the long-term problems that face many American’s today, a stop-gap measure to get money in the hands of Americans, and then their spending of that money is what fuels the economy.
On the other hand, if you are part of the American workforce who won’t look for part-time work as you fear it will get in the way from your full-time work search, don’t look down upon that. But remember, and this is very important, time unemployed is NOT vacation time. There is nothing wrong with taking the time to work on your skills, to improve your resume, to make sure you are applying for jobs daily. The jobs are out there folks!
At Crossroads Consulting we can help you with all of the above. From our job openings that feature positions around this great Nation, to making sure your resume best presents your assets to employers, we’re here to help you get the job you’re searching for. Putting the ‘human’ back into ‘human resources’ is how we operate on a daily basis, and we want to get the nation working again!