Hope springs eternal… or at least that’s how the saying goes.
A report recently released from CNN shows that first-time claims for unemployment levels suddenly decreased to their lowest level since 2006 for the week ended September 7th.
“About 292,000 people filed initial claims for unemployment benefits in the week ending September 7, the Labor Department reported Thursday morning. That’s a dramatic 31,000 drop to the lowest level since April 2006.”
Unfortunately, the Labor Department also noted that two states reported incomplete results, and that number is suspected to increase in the next few weeks.
And of course, as with most reported numbers, not everything is as cheery as it seems. 11.3 million Americans still remain unemployed, and this number doesn’t take into account Americans who have left the workforce, underemployed Americans, or those working part-time jobs who are seeking full-time employment.
The Great Recession is aptly named.
CNN continues to report in the article that there are about three unemployed people for every one job opening. Hiring is too stagnant to keep up with the demand of those looking for work, which will continue to mire the American economy in its slow recovery.
“’The underlying story in jobless claims is one of a continued improvement,’ said Yelena Shulyatyeva, a market economist at BNP Paribas. ‘However, as we continue to highlight, claims have not provided the best read on overall labor market conditions since they only capture the pace of firing and not what is happening on the hiring front.’”
These numbers continue to provide the facts, as long as you dig deep enough to find them.
While the released reports last month of the unemployment number dropping paint a rosy picture, the truth is not a simple. This Great Recession is truly that, and the stagnant pace the recovery is going at, will continue to provide the economy we live in with its name.
That’s why at Crossroads Consulting we’re doing everything we can to get the artists to start painting a new picture. With our job openings that we are looking to fill today, we want to hear from you. As an employment agency seeking to help out however we can, please do not hesitate to contact us today. If you’re not comfortable with your resume, we can help you there too with our recommended resume service.
We’re doing our best to get in contact with you, and we hope you take the time to reach out to us, and let us know how we can help you.
Remember, at Crossroads Consulting we’re putting the ‘human’ back into ‘human resources.’