More Frustration and/or Desperation ahead!

The new unemployment figures came out yesterday and they were not pretty. Overall the total loss was over 90 thousand lost with more coming from government job losses but also slower growth in the private sector. What does that mean to the unemployed (including me). More of the same that there are not enough jobs out there to hire everybody willing to work. And if there are then the competition is so fierce that wages are being kept down due to it. But the employers are enjoying a boom with higher quality educated and experienced employees even in places where you need only a simple bachelor’s degree.

You can blame uncertainty of the mid terms elections and the expiring bush tax cuts for it but even with that this economic mess that we are in will last for a few years (not months not withstanding whatever the economists and stock market says otherwise). We have entered a phase where there is a mismatch of the skills required and the skills that people have now (mentioned earlier in one of my posts). Apart from this the continued outsourcing of jobs and the world wide recession and the high costs of hiring even one employee and there you have a classic case of more frustration in job search and finding jobs for the unemployed.