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Jobless Rates Hits 25 Years High |
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Saturday, 30 May 2009 |
According to the statistics, it seems that the jobless rates for May 2009 have hit another record, towering at 9.4 percent, which is the highest in 25 years. Statistics have also shown that employers have slashed a total of 345,000 for the entire month of May. However, analysts commented that the total number of job losses for the month of May is significantly lower when compared to previous month, especially when the recession just started back in December 2008. On the other hand, the total number of unemployed Americans was fixed at 14.5 million.
Statistics have also shown that construction companies continued to lay off their workers by the thousands, with 59,000 jobs slashed in April. On a brighter side, education, healthcare, leisure and hospitality continued their hiring scheme, probably due to the fact that Obama’s stimulus package is taking shape in these industries.
Personally, even though the jobless rates are skyrocketing, I truly believe that there are ample of opportunities out there waiting for people to discover them. It just takes someone to think out of the box to figure these out. My advice is, if you need a job – try thinking out of the box, period.
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