by smlong
9. February 2010 15:38
While the jobless rate fell unexpectedly to 9.7% in January, there’s still a long way to go before the job climate stabilizes. According to Reuters, the number of “discouraged job seekers” is now in the millions up drastically from just over 700,000 this time last year. And since the beginning of the current recession, 8.4 million jobs have been lost.
It’s clear that we’re not out of the woods yet, but there are signs indicating that we are headed in the right direction. One clear sign is the increase in temporary workers which is often the first step toward an increase of permanent staff. Many companies hire temporary employees while gauging the steadiness of demand. It is quite common for an increase in temporary workers to be followed by an increase in permanent employees.
Other positive trends include a decrease in the level of underplayed. And data from the commerce department indicated that during the fourth quarter the economy saw its biggest growth in six years.
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