10/15/09 Stockholm, Sweden – When the Atlanta Fed comes right out in its own in-house macroblog and tells us that “finding a job right now is extremely difficult,” it’s probably true. In fact, it’s likely even much worse than they indicate.
The Economist’s View has dug up this recent post and it describes the content as showing that “current weakness in the labor markets is likely to persist.”
The Atlanta Fed’s analysis takes into consideration that the current 2.4 million job openings, as a percentage of filled and unfilled positions, represent “a new record low.” The Fed blog goes on to say that the “low probability of finding a job has also caused the average amount of time spent unemployed to rise substantially.”
It’s a tough time to be out of work in the US. This informative find from the Economist’s View highlights more details on joblessness and also offers a chart.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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Truthful words, some unadulterated words dude. You made my day!!
While we are in the area of Atlanta Fed’s Blog Describes a “New Record Low” in Jobs, Times have now changed; computers have changed the lifestyle of humans. Once who was a job hunter is no more an actual hunter; the internet has even revolutionized this aspect of human life. There is no more need of going through loads and loads of news papers. To find a job online is now the key to success.