With the numbers out today, it seems that the percentage has gone down to 9.7 percent but with more than 20,000 jobs gone. Do we celebrate these low figures or do we ignore it if one was unemployed, since these numbers mean nothing to the long term unemployed. As the economists are saying that we need at least 100,000 to 125,000 jobs per month just to keep up with the population. So in the coming months we will have to see if this so called unemployment figures goes down or up or remain study. Maybe the stock market will cheer these numbers that the job market is improving.
The low jobs losses should mean that most of the companies have cut so many jobs that they don’t have much leeway to cut anymore without folding up their companies or losing their businesses. But the credit market is so tight and loans are not coming by that their will be more room to lay off people. The best (or worst) part of this recession is that it has pushed the unemployed to try new things like going on their own, starting their own businesses or just going back to school.
I for one am back to school but I still strongly suggest to people that instead of waiting for any job to come by and then accepting the lower paying job thus bruising your ego, they should explore the entrepreneurship side too. I know it has been said countless times before but I will say it again that due to the internet, the barriers to entry of starting your own business has never been lower. Costs are lower and you don’t need that much funding to start your own business. So good luck on your job search and if you are thinking about starting your own business, good luck on that too.