FOUR Things You May Not Know About the Current Job Market

Aug. 29, 2010 - PRLog -- Make no mistake about it, we’re still mired down in the worst job market since the Great Depression of the 1930s, but nonetheless, there are some “silver linings” in the “dark clouds,” as is illustrated by recent (August 2010) economic statistics. Here are four of those “silver linings” for you to consider:

1.  Manufacturing added 36,000 positions during July, for a total of 183,000 new jobs since December 2009.

2.  The professional, management and related occupation unemployment rate in July was 5 percent, down from 5.5 percent a year ago. The unemployment rate for college educated workers (those with a bachelor's degree or higher) stood at 4.5 percent, down from 4.7 percent a year ago.

3.  Overall, total private sector employment increased for the seventh month in a row, adding 71,000 positions. The slow, but relatively stable growth of private sector jobs over the last seven months is reminiscent of what would be expected in a “post-bubble-era” of any market and indicates U.S. businesses are slowly regaining their footing, albeit not yet at a rate that will reduce the unemployment rate.

4.  For the last three months, approximately 3.8 million positions have been filled each month in the private sector and 2.5 million openings have been left unfilled.

No, we’re not quite “out of the woods” yet, but I believe you’ll agree that these very positive economic indicators demonstrate beyond any reasonable doubt that we seem to be headed in the right direction and that the sky isn’t exactly “falling,” quite yet, either.

Despite this positive news, job seekers today still need to keep in mind that, even though there are jobs being created, there are not enough being created to put a meaningful dent in the overall unemployment picture. That means today’s job seeker must do what is necessary to “stand out” from the competition, in order to be a viable candidate for the positions that are available!

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ABOUT THE AUTHOR

Skip Freeman, author of "Headhunter" Hiring Secrets: The Rules of the Hiring Game Have
Changed . . . Forever!, has successfully completed more than 300 executive search assignments in just seven years. Specializing in the placement of sales, engineering, manufacturing and R&D professionals in industry, he has developed powerful techniques that help companies hire the best and help the best get hired.
           
A distinguished graduate of the United States Military Academy, West Point, he is a lifelong student of leadership, people and the principles of success. While serving in the U.S. Army Corps of Engineers and Chemical Corps, he also earned a Master of Science degree in Organic Chemistry from The Georgia Institute of Technology and a Master of Business Administration degree in Marketing from Long Island University.

Visit Skip at his book website, http://www.headhunterhiringsecrets.com

“Headhunter” Hiring Secrets is available in paperback (348 pages) from Amazon.com and available as a eBook on his book website.