Friday, November 6, 2009

Another so called Jobless Recovery:

So here we go again. Another month, another grim news regarding employment. Now the unemployment rate stands at official 10.2 percent, the highest in 26 years. GDP is growing and the employment is going down, funny combination. Well there is much to be done regarding the economy until it grows again with jobs. Without jobs, the so called recovery is meaningless. I have been looking at job postings on the internet job sites and the jobs seems never to get filled but still so much people are looking for jobs.

The employers have become choosy in finding people but they are not doing enough job to retain those people. I mean they ask for the best and perfect candidate and now they have a whole sea of jobless people and they still are unable to fill their positions.

No person is born with the skills that are advertised on the job sites. Even nowadays it has become a standard that you must have a college degree and at 1-2 years of experience even with an entry level starting job. I mean is that realistic.

I can understand the fact that firms don’t have the time to train people. But every time you hire someone, you will need to train them in the particular rules and regulations of the company. You can have the basic knowledge, but the procedures of doing something are different with every company.

Since the companies are now in the driver’s seat, they are becoming choosier whom to hire in the first place. Good for the companies, bad for the people chasing jobs. More on this later on in my future posts.

Another good news, President is signing up on the 20 week extension on the jobless benefits (last time I said it was 13 weeks) and home buyer credits too.

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