866-764-TECH(8324) · Subscribe to Application Solution Providers, Inc.News FeedSubscribe to Application Solution Providers, Inc.Comments

Unemployment Down and Running Out

The unemployment rate dropped slightly, from 10% to 9.7%, in January, with non-farm payroll employment losing 20,000 jobs. The number of long-term unemployed (those jobless for 27 weeks and over) continued to increase in January, reaching 6.3 million. In addition, the job market remains really competitive with over 6 unemployed workers for every job opening.

Job losses continued in construction and in transportation and warehousing, while employment increased in temporary help services, health care, retail, and in federal government hiring.

The underemployment rate, which includes  people who aren’t looking for work, but want a job, and those who are working part-time because they can’t find a full-time position dropped to 16.5% in January.

Here’s a really good explanation of the employment picture and what light there is at the end of the job loss tunnel from About.com’s Guide to the U.S. Economy, Kimberly Amadeo.

Unemployment Extensions Running Out

On a related note, the current unemployment extension is set to expire on February 28.  According to the National Employment Law Project over 5 million unemployed workers will run out of benefits by June, including 1.2 million in March if an extension isn’t passed.

 A new extension of unemployment needs to be passed soon in order for benefits to continue without interruption. Here’s more on the National Employment Law Project’s campaign to extend unemployment benefits.

Related: Unemployment Extension | Share Your Unemployment Story

Unemployment Down and Running Out originally appeared on About.com Job Searching on Friday, February 5th, 2010 at 09:04:08.

Permalink | Comment | Email this

Application Solution Providers, Inc. 866-764-8324

Application Solution Providers, Inc. 866-764-8324

Any software can be installed, maintained, and securely accessed from anywhere. Leverage the latest hosting technologies with a Digital Desktop.™ Consolidate and secure all your business applications and data in custom Hosted Environments.™

Your business applications and managed Application Hosting, Desktop Hosting, Web Hosting, Mail Hosting, Software as a Service (SaaS), Virtual Machines (VM), and Virtual Desktop Infrastructure (VDI) saves time and money.
 

For managed Application Consulting, Development, Marketing, Hosting, Support, and Training
Call 866-764-8324 · Send an email · Submit an Information Request

    Speak Your Mind

    You must be logged in to post a comment.