Is The Job Market Improving, Or Are We On The Brink Of Another Plunge?

September 4, 2009

US (ChattahBox) – The unemployment rate has once again risen, this time up to 9.7%, an increase of .3% in August. But even with 216,000 jobs lost, it is still a slow down from earlier in the year.

Keeping in mind the fact that we lost more than 700,000 jobs in January alone, with increases of more than 500,000 preceding it, the losses of jobs is certainly slowing. But does this mean we are coming out of things?

It’s hard to say. Certainly it is a good sign that less positions are being terminated, but the unemployment rate can be misleading.

After all, if you count people who have had hours cut to part time, or those who have lost their jobs but are not looking for new ones at the moment, August put us into a more than 16% unemployment rate, which is a shocking percentage.

That, plus the fact that many people have had pay cuts or a lack of pay increases and bonuses, and you have a disturbing picture being painted. Many economists have pointed out that this kind of behavior in the economy is indicative of something more than a recession.

So, what do you think? Is the sign of reducing lay offs a sign of improvement, or the calm before the storm? Are we really being pulled out of this recession, or are we still on the bring of depression?

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Comments

2 Responses to “Is The Job Market Improving, Or Are We On The Brink Of Another Plunge?”

  1. Constant Gina on September 5th, 2009 2:31 am

    wow….I guess we are just making the step into the new living as more jobs are cut; hopefully the internet is strong enough to rebuild this economy.

  2. frankstarnes on September 7th, 2009 7:05 am

    Thousands of jobs in medical billing needs to be filled find a local school to get a degree at http://bit.ly/ESUNX

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