Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers, compiled by the staff of Quintessential Careers.
|Career and Job-Hunting Blog Index|
|February 6, 2011|
New Year Starts With Very Weak Job Gains
With the January job report, it’s clear that the job market is continuing to struggle — and that no political party has the answers for solving it.
The U.S. Labor Department released its monthly jobs report — showing that the new year started with weak job gains. Only 36,000 jobs were added to the economy in January, far fewer than almost 150,000 new jobs expected by economists.
While the severe winter weather played some part in the lower numbers, it’s also clear that many businesses continue to wait on the sidelines — hedging their bets and waiting for more signs that the economy is in full recovery mode before moving ahead with hiring.
In the meantime, rather than looking for solutions, both political parties point fingers at who has — or does not have — the solution for creating jobs. The most obvious answer is that there is little the national government can do to create jobs — they must be created by businesses, many of which are hoarding profits and giving out bonuses to top management while not hiring.
Overall, there was little change in hiring and jobs across all major industries. Manufacturing and retail did see some increased hiring, but there were job losses in construction and transportation — as well as with government employees (as states continued to cut workers in an effort to deal with massive budget issues).
|Quintessential Career and Job Resources|
Other topical resources for job-seekers:
- QuintZine: A Career and Job-Hunting Newsletter
- Q-Tips: Quick and Quintessential Career & Job Tips
- Q&A with Career & College Experts
- The Career Doctor Career Advice Column
- College, Career, and Job-Related Articles
- Career and Job-Related Tutorials