The Key Word Is Hiring

You don’t have to look far to find disconcerting news about the present economy.  This AP story from one of our local papers lays out numbers that paint a vivid picture (emphasis mine): There were nearly 6.4 unemployed workers, on average, for each available job at the end of November, according to Labor Department data released Tuesday. That’s up from 6.1 in October, and a record high. There were 1.7 jobless people for each opening in December 2007, when the recession began. Job openings fell sharply to 2.42 million in November from 2.57 million in October, according to the department’s Job Openings and Labor Turnover Survey. That may sound like… Read More

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Terms Of The Recession

Here is one from the weekly Herman Trend Alert of which I was not familiar: “corporate cocooning” – staying put out of fear A rather appropriate construction for today’s economy, wouldn’t you say?  Here is the paragraph from which it is used: Due to “corporate cocooning” (staying put out of fear), the “unprecedented churning” of the labor market we have forecast in the past has not yet happened. Now, we again see a high level of expectation of job hopping. Wise employers will heed this warning and take steps now to engage their valued employees and avoid this unwanted turnover.

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