Jobs, Jobs, Where Are The Jobs?
In April I wrote a post talking about continuing job losses. Well, it seems that trend is continuing, as it was just announced last week that 44 states had job losses in April, with California losing the most jobs.
How bad was it? California lost 63,700 positions, followed by Texas with 39,500 jobs, Michigan with 38,400 jobs, and Ohio with 25,200 jobs lost. Unemployment rates across the country over 10% are commonplace now, with Michigan the highest at 12.9%, which is no surprise, but Oregon second at 12%, which is a surprise, at least to me.
What has happened, which is either a good or bad thing, is the rash of mass layoffs has drastically slowed down. My thought is that most of the large companies that were going to do it have stopped, and, depending on how GM handles its bankruptcy proceedings, that part may be a thing of the past. Of course, since mass layoffs are considered as any company laying off more than 50 people at once (which I think is a ridiculous figure to start with), then the number dropped by 221 to 2,716. Still, I believe that confidence that things may be ready to start going the other direction will occur when we’re not hearing about these mega corporations laying off people as it’s been.
So, as I asked, where are the jobs? I see that many companies are bringing some people back as “consultants”, where they might get paid close to the same as before they left, but without benefits they save money. However, that’s not the norm, and since there aren’t many jobs that are even low paying jobs (that, plus most people wouldn’t be hired for a job an employer knows they’re overqualified for), what’s the direction that people will take in finding new work?
I’m not ready to try to answer that one, but it gives me pause that people are going to have to think of something. I’ve got an idea; stay tuned for my next post.