Americans who lost work because of the economic crisis in the country, began to seek places in sectors deemed to be undervalued - retail, restaurant business and the area of customer service. However, during the current recession, unlike previous ones, to find even in those areas very difficult. This writes The Wall Street Journal.
For example, a chain of restaurants Noodles & Co experienced in early 2009, an unprecedented influx of applicants. The contest has reached 23 people on the scene. At the job fair in the town of Lewiston in the state of Pennsylvania the number of employers looking for employees, has fallen in half.
According to the publication, many unemployed at the labor exchange, directly suggest that they are willing to take any job. In many cases, this means that they are willing to work for wages, which is far below his usual. Moreover, it can damage their move up the career ladder.
Unemployment in the United States in February reached a peak of almost three decades - 8.1 percent, while a year ago that figure was 5 percent. In addition, this figure does not take into account people who are not standing on the job, but willing to work, as well as partially employed, the full-time employment. With these two categories of unemployment is nearly 15 percent of the total workforce.
Most sectors of the economy in the United States reduces jobs. The only exception is health care, education, and public service. Massive reductions occur in small and large companies. For example, the bank Citigroup has dismissed 50 thousand people - about 14 percent of its entire workforce. And the electronics retailer Circuit City went bankrupt and is now in the process of elimination. Without all of the remaining 34 thousand ex-employees.
According to estimates of analysts in March 2009, the unemployment rate should rise significantly. Monthly report on the status of the labor market in the country will be published by evening of 3 April.
Friday, April 3, 2009
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