James Pethokoukis

Politics and policy from inside Washington

Will the U.S. job market improve faster than expected?

August 10, 2009

(Lightly microblogging this week from The Great White North)

Ed Yardeni makes the case that the job market may bounce back strongly, kind of (bold is mine):

Of course, the consensus view is that the recovery in the US labor market will be labored. There are a few contrarians who believe that there was a firing panic during the last four months of last year and the first half of this one. They expect a V-shaped snapback in headcounts as employers scramble to rehire. Debbie and I have been tracking the drop in payroll employment among 19 major industries during the recession. With only a couple of exceptions, they’ve all been slashing their staffs. It’s hard to imagine which industries might produce positive net hiring surprises. Auto Manufacturing? Construction? Banking? Retailing? Health Care? State and Local Governments? We doubt it. Maybe, we will all wind up working for the Federal Government. E Pluribus Unum.

Comments

Did you find the recession yet, dude?

Posted by Dero | Report as abusive
 

Though we have seen many ups and downs in the job world one thing will always be certain, what goes down must come up.. I think that it is very important that when we go through unexpected events in our life it is very important for people to learn from those events. Though we may never get back to the level we came from, we can grow by being more creative and finding better ways to land not just a job but the right job. That’s why i have created vlitzo.com that will allow seekers to upload a prerecorded job video interview along with there resume posting and seach jobs all on the same platform. This will give you an edge in the 21st century. This site launches september 30th 2009.

 

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