{"id":1835,"date":"2009-01-09T08:58:23","date_gmt":"2009-01-09T14:58:23","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2009\/01\/the-72-flu\/"},"modified":"2009-01-09T08:58:23","modified_gmt":"2009-01-09T14:58:23","slug":"the-72-flu","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2009\/01\/the-72-flu\/","title":{"rendered":"The 7.2 Flu"},"content":{"rendered":"<p>Today&#8217;s announcement of <a href=\"http:\/\/news.yahoo.com\/s\/ap\/20090109\/ap_on_bi_go_ec_fi\/financial_meltdown_42\" target=\"_blank\">7.2% unemployment<\/a> is remarkable in a bad context.&nbsp; Yet, I do appreciate the AP writer&#8217;s opening sentence (my color):<\/p>\n<blockquote>\n<p>The nation&#8217;s unemployment rate <font color=\"#ff0000\">bolted<\/font> to 7.2 percent in December, the highest level in 16 years, as <font color=\"#ff0000\">nervous<\/font> employers <font color=\"#ff0000\">slashed<\/font> 524,000 jobs.<\/p>\n<\/blockquote>\n<p>Dramatic, wouldn&#8217;t you say?&nbsp; Look, it is bad and most people realize that fact, but this type of fear-mongering is over the top.&nbsp; How about the third graph:<\/p>\n<blockquote>\n<p>For all of 2008, the economy lost a net total of 2.6 million jobs. That was the most since 1945, when nearly 2.8 million jobs were lost.<\/p>\n<\/blockquote>\n<p>That was the first half; here is the second half (can&#8217;t put my crayon down):<\/p>\n<blockquote>\n<p>Although the number of jobs in the U.S. has more than tripled since then, losses of this magnitude are still being <font color=\"#ff0000\">painfully<\/font> felt.<\/p>\n<\/blockquote>\n<p>The total number of jobs as more than tripled which changes the context of the numbers drastically.&nbsp; An unbiased editor would delete the presentation of the statistics because the context is willfully deceiving.<\/p>\n<p>Nonetheless, the economy will roll on and it will rebound.&nbsp; It is cyclical which is a point lost on the media.&nbsp; My approach to these times is to hunt down pockets of opportunity whether you are a jobseeker or a salesperson.<\/p>\n<p>There are industries that are relatively strong in this down economy.&nbsp; Government is obviously spending money, aerospace, healthcare and others are the &#8220;strongest of the weak&#8221; right now.<\/p>\n<p>The key for the short-term is to find openings in these industries and ride them out.&nbsp; The best guess is that the economy will start to come out of its funk in June of this year.&nbsp; Unfortunately, hiring is a lagging indicator so it will take longer for that area to rebound.&nbsp; We must press on so don&#8217;t let emotionally-written articles get you down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s announcement of 7.2% unemployment is remarkable in a bad context.&nbsp; Yet, I do appreciate the AP writer&#8217;s opening sentence (my color): The nation&#8217;s unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs. Dramatic, wouldn&#8217;t you say?&nbsp; Look, it is bad and most people realize that fact, but this type of fear-mongering is over the top.&nbsp; How about the third graph: For all of 2008, the economy lost a net total of 2.6 million jobs. That was the most since 1945, when nearly 2.8 million jobs were lost. That was the first half; here is the second half (can&#8217;t&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2009\/01\/the-72-flu\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[49,2],"tags":[1138,1137,1748,248],"class_list":["post-1835","post","type-post","status-publish","format-standard","hentry","category-economy","category-hiring","tag-ap","tag-down-economy","tag-hiring","tag-recession"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-tB","jetpack-related-posts":[{"id":2043,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/06\/the-pain-of-a-lagging-indicator\/","url_meta":{"origin":1835,"position":0},"title":"The Pain Of A Lagging Indicator","author":"Derrick Moe","date":"June 6, 2009","format":false,"excerpt":"Hiring, that is, and it appears that it is going to be an even rougher road over the back half of 2009.\u00a0 If you are in the recruiting, hiring, assessing business you are aware of this fact.\u00a0 9.4% unemployment is remarkable.\u00a0 From abcnews.com: The percentage of people without jobs in\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1693,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/08\/the-resilient-economy\/","url_meta":{"origin":1835,"position":1},"title":"The Resilient Economy","author":"Derrick Moe","date":"August 5, 2008","format":false,"excerpt":"If you think of the obstacles that have been thrown at our economy over the past few years (oil prices, housing market, credit crunch, ongoing war, etc.), you start to appreciate just how resilient it is. When you work in the recruiting space, you pay close attention to the economic\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1851,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/01\/where-the-jobs-arent\/","url_meta":{"origin":1835,"position":2},"title":"Where The Jobs Aren&#8217;t","author":"Derrick Moe","date":"January 19, 2009","format":false,"excerpt":"When the economy is in a downturn, most people wonder when will it bottom out.\u00a0 I\u2019m not sure if we have bottomed yet or not, but Yahoo has a quick story listing the 5 cities that will lose the most jobs this year (speculative, of course): The New York area\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2173,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/11\/when-will-it-end\/","url_meta":{"origin":1835,"position":3},"title":"When Will It End?","author":"Derrick Moe","date":"November 23, 2009","format":false,"excerpt":"The Great Recession roars on during this holiday season.\u00a0 Our company is focused on sales hiring, both assessing candidates for our customers and running full recruiting processes.\u00a0 The hiring outlook is of great importance to us and a topic I try to track closely. That being said, this abcnews.com article\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2414,"url":"http:\/\/selectmetrix.com\/blogs\/2010\/08\/the-stalled-economic-engine\/","url_meta":{"origin":1835,"position":4},"title":"The Stalled Economic Engine","author":"Derrick Moe","date":"August 27, 2010","format":false,"excerpt":"You know this entire GDP reporting process is an absolute joke.\u00a0 This AP article indicates that the Q2 GDP is going to be revised down\u2026a LOT: The government is about to confirm what many people have felt for some time: The economy barely has a pulse. The Commerce Department on\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2381,"url":"http:\/\/selectmetrix.com\/blogs\/2010\/07\/the-unanswered-question\/","url_meta":{"origin":1835,"position":5},"title":"The Unanswered Question","author":"Derrick Moe","date":"July 15, 2010","format":false,"excerpt":"Take a look at this headline from Twin Cities Business: MN June Unemployment Rate Drops, Sheds 3,700 Jobs Jobs are lost and the unemployment rate decreases\u2026how can this be?\u00a0 It is a question that begs an answer, yet you won\u2019t find it in this article.\u00a0 The closest it comes: Minnesota\u2019s\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1835"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1835\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1835"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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