August looked good for the job market. There were fewer jobless claims. Fewer workers than in previous months were listed as unemployed. It’s the good news amid the bad news as there are signs this economic recession is recovering.
Still, the national employment rate is somewhere around 9.5%. That is the official statistics. Often, you can almost double it for greater accuracy. This is potential skill loss with all the layoffs and a possible need for labor allocation, states an article in the Financial Times.
However, economic conditions, overall, aren’t nearly as bad as this time last year. As a background checking company, we see our clients beginning to ramp up. Many are hiring. In some cases, clients sense an economic turnaround and are looking to get a good start on the competition. They must replaced skilled workers.
By no means is this a recovery. It is, however, what appears to be the beginning of a recovery. We shall see what September employment statistics bring.
