Hope I am Right “2 Million New Jobs”

Unemployment claims decreased this week by over 50,000 with the more accurate moving averages bringing the weekly claims below 380,000.   Is this a sign that the economy is creating enough jobs to begin putting a dent in the unemployment rate? 

We at Berman Larson Kane continue to see an improvement in job orders and hiring,  although not at the robust rate we were anticipating after such a strong close to 2011.  I realize that we are just a little pass the mid-month mark for January but I am hoping that our slow start is not indicative of the larger economy. All the signs outside of our four walls predict we are wrong and just maybe experiencing a statistical fluke.

However, remember discourage workers, job-seeker dropouts and those that have not looked for work are not factored into the unemployment rate.  So the question remains:  what percentage of the unemployment rate reduction is caused by these workforce dropouts?  This remains the wild card of what is the real unemployment rate.

The good news going forward is that the job creation numbers will continue to increase at rates similar or larger than December 2011. If this happens will could add over 2 million additional new jobs over the next 12 months.

Our organization continues to hire additional recruiters and researchers to support the anticipated increased hiring needs of our clients.  I do believe that better times are on the horizon for business, job-seekers and our economy…..I really really hope I am right… stay well…Bob

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