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Wednesday, 16 July 2014 11:31
Principal Recruiter Lays the Blueprint
There's good news for jobs in the United States.
In June, the private sector added 288,000 jobs, according to the Bureau of Labor Statistics.
The unemployment rate has shrunk to 6.1 percent, the lowest since September 2008, when the Great Recession was just starting. The rate has dropped nearly 2 percent since the beginning of 2013.
The U.S. Payroll to Population employment rate (P2P), as tracked by Gallup, now stands at one of its highest points since tracking began in January 2010.
More companies, states and cities are either raising their minimum wage or considering it.
Does this mean that we can put our minds to rest regarding jobs and prosperity? Not exactly, says Richard B. Alman, principal and chief career/employment strategist of Recruiter Media, owner of www.RecruiterNetworks.com, the world's largest owner/operator of career websites.
"It's great that reports show improvement, but the good news comes with an asterisk; we need to keep in mind the term that has become so common since 2009 – the 'new normal,' which, in part, refers to a lower expectation for prosperity," says Alman, who has managed human resources for Fortune 100 and smaller multi-national companies.
"Raising the minimum wage, for example, is a step in the right direction for many, but it's certainly not happening everywhere and it doesn't guarantee a living wage. California raised its minimum to $9 per hour, but that's a state with a very high cost of living."
What is the quality of these new jobs, and how many hours do they offer? What about the Catch 22 ensnaring the long-term unemployed, who can't get work because they don't have jobs? And where's the hope for the recent college graduates who are deeply in debt and can't find the jobs they've prepared for?