The Shocking Truth About Today’s Jobs Number 1

Bleak May unemployment report suggests economic recovery may be stalling

The Labor Department reported on Friday that the nation’s economy added only 69,000 jobs in May, bringing the unemployment rate to 8.2% – The Washington Post  

Until this morning, the Jobs reports over the past few months have been encouraging. People are actually quitting jobs. In some sectors, good paying jobs are going unfilled. So why did the one point uptick send the markets into a tumble and cause network reporters to spend the day saying “the jobs sky is falling”?

The shocking truth is that things really haven’t changed since 2008. People are playing their cards closer to the vest. Employers are stretching the limits of their existing employees productivity rather than hire. And businesses, unsure of the political climate, are reluctant to invest in long-term projects which create new jobs.

WASHINGTON — A new study from the Labor Department’s Bureau of Labor Statistics shows that the Great Recession that technically ended in 2009 has doubled the time it takes before the average unemployed person either finds a job or gives up looking for work.

Each month, BLS announces the latest unemployment rate and several other characteristics of the workforce, including the length of time people have been jobless. Last Friday’s announcement brought news that the average unemployed person had been looking for work for 39.7 weeks as of May (the median length of unemployment rose to 22 weeks). Huffington Post

So the truth is landing a job is going to be work. You need to have a long-term focus even if “you need the job now”. If you start with the right attitude, you will greatly increase your odds of success. Avoiding highs and lows helps keep your emotional energy intact. Make sure you set goals for how many interviews you will have, resumes you will send and the amount of time you will spend networking to find work.

When you get interviews, think of them as just a step in the process. Keep your routine going until you find yourself in a new hire orientation. Then you can relax and congratulate yourself for a job well done.