If you believe the National Bureau of Economic Relief, the recession is over. My question is, Where are the jobs? A recession isn’t over until the people are back to work and the economy is stable. Sorry to disappoint all those politicians. Now, don’t get me wrong. Things are definitely moving in the right direction and we are recovering, but we aren’t out of the woods just yet.
According to the white house blog, over 103,000 jobs were created last month. The report also states that the overall unemployment rate has dropped by .4%. While this is progress, it’s a far cry from stability. Unemployment rates reached record highs of over 12% in some places in 2010 and some states went bankrupt because of it. The housing market crashed and is still burning, our banks crashed showing major flaws, recruiters found themselves swamped with candidates and very few openings for them. The signs of relief are here. There are more job openings and the number of applicants per job has decreased from staggering to simply shocking. The areas that are seeing the most improvement are manufacturing and temporary work. It seems, even with the recession receding, employers are hesitant to pick their payroll numbers back up.