Saturday, November 7, 2009
This is the real unemployment number. Yep, one in six Americans are out of work or are severely underemployed. Yet, the government wants the public to focus on the misleading 10.2% number it released on Friday - not that the lesser number is anything to feel good about. Read the whole truth here: http://www.nytimes.com/2009/11/07/business/economy/07econ.html?_r=1&hp=&adxnnl=1&adxnnlx=1257606205-mqGmdpcBD0gTILkBBxWlIg
And just to dispel the notion that it's easy to find a job in areas like Washington, D.C., take a look at this article. Even jobs at the mall are hard to come by. http://www.washingtonpost.com/wp-dyn/content/article/2009/11/06/AR2009110603958.html?hpid=newswell
However one wants to juggle statistics, there is no escaping the fact that most employers aren't hiring and some are getting ready for more layoffs. Those layoff victims from severely failing industries virtually have no hope of being rehired. Those wanting to transition to other careers have to get in line behind the folks who already have experience in those fields. After a certain age that just doesn't become a feasible wait.
While statistics show that those who are over 50 are less likely to lose their jobs than younger workers (probably due to the last-hired first fired protocol some businesses use), other stats indicate that if you are in the minority of older workers who get the boot, your chances of reentering the workplace are extremely poor. One article I read recently said that those who are 30something and in hiring positions don't like hiring their "parents."
In light of these facts, I can't help thinking about my layoff at USA Today last year and how it was particularly cruel. The search for viable work goes on, of course, but the odds are getting worse by the day according to the unemployment numbers, trends and the many first-hand tales being told by average Joes who have been looking for work longer than me.
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