Friday, May 08, 2009

740,000 Workers Give Up Hope of Finding A job


Persons Not in the Labor Force (Household Survey Data)

About 2.1 million persons (not seasonally adjusted) were marginally attached
to the labor force in April, 675,000 more than a year earlier. These indivi-
duals wanted and were available for work and had looked for a job sometime in
the prior 12 months. They were not counted as unemployed because they had not
searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 740,000 discouraged workers in April, up by 328,000 from a year earlier.
Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.
The other 1.4 million persons marginally attached to the labor force in April had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.


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1 comment:

  1. Here is an idea for all those people that gave up looking, they can bring up the idea of an internship. A little different approach, here is my thought...

    Here is my unique tip that worked for a client of mine straight out of the book:

    TIP - Some times when we hear the word "Internship" we instantly think of college. Maybe spring of our junior or senior year, we start calling and looking in adds for internships with companies we want to get job with after college. Well here is a twist for you; What if I told you that you can get an internship for any job, at any company, of any size? It's true and it works. The major component to an internship is the finite amount of time that is established prior to hiring. Internships can only last for a specified time length, that time can longer then a year!

    Here is the angle for you not-college-age job seekers. If a company offers a position and that position is frozen due to lack of payroll, and they already interviewed you, simply suggest that you would be willing to take the position as an unpaid internship for 3 months. Even if you have not interviewed, and when you apply the company tells you that the position is no longer available because of cut backs, you can still ask for the internship. Let's say you are at an informational interview, there is no immediate position with the department, and the hiring manager says during conversation that you would be a great fit. Why not ask for a unpaid internship?

    Tell the hiring manager that they can clear the details with HR and that this is becoming common practice in the work place with more experienced workers. Do you think they are going to let you go after the 3 months is up if you were a rock star at your position while you were there? For more information on the subject visit my website: http://www.GoodGreatHired.com/mistakes

    Internships are not for the younger anymore, move over pop star, here comes the rock band.

    ReplyDelete