For the second month consecutively, employers have cut back on their hiring, and are tightening their belt when it comes to the act of hiring those in need of a job.
So, how small is stunted job hiring in the home of the brave, land of the unemployed? The answer to that dear friends would be 18,000.
Only 18,000 jobs were filled last month. That, in one word, is disappointingly SMALL when looked at in terms of numbers compared to what is needed to shift an economic upturn into second first gear.
By studying how many were actually looking for jobs in June, unemployment rose from 9.1 percent in May to 9.2 as of this writing. Why all the hoop-la over this sad event? Well, economists apparently were expecting a better turn of the tides.
Oil prices are hurting American’s wallets a bit less these days, and the halting of supplies from Japan due to the Tsunami have lessened; all pointing the way to what was expected to be a positive outlook for the month of June when it came to employment.
But really, why is anyone surprised? In an age when the entire planet is connected by an intricate web pertaining to every facet of life, Europe is in a financial crisis and the great churning financial machine that is China has seen slowed growth; not halted, just slower.
And while one of the aspects to maintaining a healthy economy is the adding and filling of 150,000 jobs a month to keep up with an ever increasing population, we are not seeing that kind of job growth in this economic climate. When you look at it, everything is bound to effect everything in today’s world.
In the big scheme of things, governmental stimulus projects have somewhat not turned out to be what was hoped for, people are tightening their belts and aren’t spending to boost/jumpstart the economy,and you’re reading this making an epic face-palm.
So, today is Friday July 8, 2011. What are you plans for this weekend? Lets hope it doesn’t involve the spending of money; heaven knows you’ll need it, especially if you don’t have a job to go to come Monday.’
Source, The New York Times, Via WidgetToad
