US job prospects hit 27-year low

[marmar]

from the BBC:



US job prospects hit 27-year low


US companies' expectations for hiring staff are at their lowest since the recession of 1982, a new survey says.

The Manpower employment survey found that more US employers plan to get rid of staff than those that plan to hire staff in the second quarter of 2009.

It also found worsening employment markets across the world, with labour market conditions in Asia deteriorating at a "surprisingly rapid rate".

But job prospects in India improved compared with the first quarter.

The Manpower index measures the difference between employers that plan to add jobs and those that plan to cut them.

Fewer jobs

The seasonally adjusted index for the US fell to minus 1 for the second quarter, compared with plus 10 for the first quarter of this year and plus 15 for the same quarter last year.

"Hiring patterns in the US have declined to those seen during the recession of 1982," said Jeffrey Joerres, boss of Manpower. .........(more)

The complete piece is at: http://news.bbc.co.uk/2/hi/business/7934860.stm

[burythehatchet]

1. How ironic for me. Graduated college in '82 and my first job.......AIG!

[T Wolf]

2. I feel bad for those young people just now TRYING to enter the work force. The jobs

are just not there.

On the positive side, all those eager finance majors will hopefully NEVER be able to get a job. Maybe they will switch their focus to something productive.

[Warpy]

3. I've been seeing recent university grads

begging for stopgap retail jobs for eight solid years.

This is nothing new. It's been going on since Reaganism was brought back by the illegal administration for 8 years.