Sunday, November 8, 2009
Jobs gloom, with glimmers
This article is about the recent hike in the unemployment rate. This is some what of a surprise with the recession being apparently over. Luckily the job market is set to rebound in the near future.
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2 comments:
This article makes a good argument for a rebound in the job market. However, I believe we may see the unemployment rate increase a bit further before a rebound takes place. I found this statement interesting,
"The increase in GDP has not translated into jobs yet because of firms’ strong tendency to work each employee harder early in a recovery before hiring more of them." We may see growth and increases in productivity, but sooner or later firms will need to hire back more workers.
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