BY: Adam Gavriel
The June United States job reports show a stagnant growth rate while the country celebrated its 236thbirthday this past week. According to a report by Yahoo Finance, the United States economy added just 80,000 jobs in June, while the unemployment rate remained unchanged at 8.2% This is the third straight month that the United States has shown weak job growth.
From the April to June quarter this year, the economy averaged just 75,000 jobs/month, one-third of the pace in the first quarter of 2012.
With the slow-rate in which jobs are being added, consumer spending continues to decrease and business all over the nation are going to feel that hit. On top of that, Europe’s debt crisis continues to slow exports from the United States. From the report: “Job creation is the fuel for the nation’s economic growth. When more people have jobs, more consumers have money to spend – and consumer spending drives about 70% of the economy.”
The weak job report finding was shown today in the stock market as the Dow Jones industrial average dropped 1% at the day’s open.
According to Paul Wiseman, AP Economics Writer, the economy has regained just 3.8 million of the 8.8 million jobs lost between January 2008 and February 2010. At the rate the economy is growing today, it’s going to take three more years to return to where it was in January 2008.
Of course as we all know, the more people there are unemployed, the more people there are fighting for the jobs. This means, competition, survival of the fittest, and of course there may be times where you feel that the right person didn’t get the job, especially if it’s a job you lost out on.
With these situations more than present in today’s US economy, the staff here at Crossroads Consulting, LLC would love to help anyone we can. With job openings across the nation, and resume optimizationservices, we want to be with you from start to finish in your job hunt.
Not only this, but it’s also good to remind the readers that a good resume can make or break you in your job hunt. Remember, most recruiters and HR professionals spend an average of 6 seconds looking at a resume, you have to make sure that your resume makes an impact right away and keeps the employer reading. This is where it’s important to remind you that unemployed time IS NOT vacation time. Make sure you brush up on skills that can set you apart from other job seekers.
Here at Crossroads Consulting we’re trying to put the ‘human’ back into ‘human resources’ and we hope you contact us today about your job search.