My best advice to anyone who is currently unemployed would be to apply for a government job--they seem to be the only ones hiring! Bloomberg.com reported today that according to Labor Department figures payrolls rose by 431,000 last month, including a 411,000 jump in government hiring of temporary workers for the 2010 census. Private payrolls increased 41,000. The current jobless rate is 9.7 percent.
Other statistics cited in the article:
"The so-called underemployment rate -- which includes part- time workers who'd prefer a full-time position and people who want work but have given up looking -- decreased to 16.6 percent from 17.1 percent.
"The number of temporary workers increased 31,000. Payrolls at temporary-help agencies often picks up before companies take on permanent staff."
Unless some move is made to cut taxes in the private sector and to legislate a tax structure that is stable and can be used in economic planning, we will continue to see little or no job growth in the private sector. Another reason companies are hesitant to hire new employees right now is the confusion about how much government healthcare reform is going to cost. Until a corporation has a definite idea of what its future spending is, it is going to be very cautious in its hiring practices.
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