BY: Adam Gavriel
Slow and steady wins the race.
The report from Bloomberg.com today shows that the number of Americans filing for unemployment benefits has dropped to its lowest levels in two months. In the week ended March 9th, jobless claims fell by 10,000 to 332,000. This was after many economists predicted jobless claims would rise to 350,000.
“The rate of job destruction is pretty low,” said Scott Brown, chief economist at Raymond James & Associates in St. Petersburg, Florida, who projected the number of claims would drop to 338,000. “The labor market is in continued-recovery mode, though there is still a lot of ground to make up.”
As Scott Brown warns, the market is still highly at risk. With government slashing across the board coming soon, companies believe that they will have to be cutting their payroll expenses in the near future as the sequester takes effect.
“The sequester is another issue,” Ryan Sweet, a senior economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said before the report. “Beginning in April, we’ll start to get layoff notices, so we could see some upward bias on new filings because of the sequester, but lawmakers still have time to scale it back.
Although the numbers are trending in a positive direction, they are still moving too slow to help the American economy recover. Optimism is on the way with the way the economy is moving, but factors such as the sequester looming could set up the American economy to fail again. As was the case with the NHL Lockout this past summer, it is a “cautious optimism” that is beginning to sweep the nation. The numbers are progressing at a slow wait, but no one really knows what looms on the horizon. And without the ability to predict the future markets, companies and hiring managers are going to play things very close to the chest and protect their pockets.
All caused by the government’s inability to work across the aisle, and avoid The Sequester.
Well, as they say, slow and steady wins the race. You have to keep that pace though. The tortoise would have never won had he walked backwards for half of the race. Keep moving forward.
At Crossroads Consulting we are doing our part to help the tortoise to keep moving in the correct direction. Despite the government slashing coming across the board, Crossroads Consulting currently has over 50 open positions that we are looking to fill TODAY across the nation. If you’re one of those Americans that can’t seem to find the right opportunity, we implore you to check out our openings and send us your resume today. If you’re not comfortable with your resume, you can request our highly recommended resume service. We want to do our part from meeting you, to helping you, to get you in that job you’ve been eyeing.
At Crossroads Consulting, we are putting the ‘human’ back into ‘human resources’