Wednesday, June 16, 2010

Lower Expectations?







I was just watching the news where the anchor was discussing job openings at a national food manufacturing plant. My first thought was YES, finally things are looking up. Manufacturers are starting to hire. Then the cameras panned along the front of the building showing thousands of people standing in line to apply for those few openings and my heart just sunk. Maybe the economy hasn’t turned as much as I had hoped.
So I went on a search to find out the truth – or as close to the truth as I could get since we all know how newscasters are!



According to CNN, the following is our current status:


























Although the graph paints a pretty picture, the truth of the matter is that the numbers are inflated due to hiring of temporary US Census workers. Census workers accounted for a whopping 411,000 of the 431,000 noted above. It seems that the private sector is still quite afraid to open its coffers and hire new workers. Some of those in the private sector are still laying workers off.


The numbers show that manufacturers did add more jobs in May but more were lost in construction. Retailers and financial firms also cut their numbers. Leisure and hospitality did add jobs but no surprise there – after all, it is summertime. According to the surveys, the public sector employers are waiting – waiting to see what happens when the new numbers come out for June or for July of for August…. (sigh). Don’t you wonder how long they are going to wait?




By: Nancy Anderson, Staff Writer

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