Weak Demand for Companies’ Core Products and Services Contributes to Slow Jobs Growth
ManpowerGroup Warns Skills are at Risk of Becoming Antiquated as Job Seekers Face Long-term Structural Unemployment
… slow demand for products and services coupled with ongoing talent mismatches are continuing to hamper the labor market, as the U.S. Bureau of Labor Statistics revealed the overall July unemployment rate fell slightly to 9.1 percent and 117,000 private sector jobs were created during the month. “
Finding people with the right skills is extremely challenging, and employers are unwilling to compromise while demand remains sluggish,” said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO.
Posted in BLS, Karen Miller, Manpower News, Unemployment, Workforce News, World of Work
Tagged BLS, Economic Crisis, Manpower, Recession, Unemployment, USA, Workforce Trends
According to the U.S. Bureau of Labor Statistics, unemployment rates were higher in November than a year earlier in all 372 metropolitan areas. Seventeen areas recorded jobless rates of at least 15.0 percent, while 13 areas registered rates below 5.0 percent. The national unemployment rate in November was 9.4 percent, not seasonally adjusted, up from 6.5 percent a year earlier.
Closer to home, Iowa’s unemployment reached 6.4 percent in November, up from 6.1 percent in October and 4.1 percent in November, 2008. In the Des Moines-West Des Moines MSA, roughly 19,800 or 6.2 percent of the workforce was out of work.
Click here for full press release
Click image to enlarge