by Blog Boss
8. May 2009 12:27
Although job losses have reached a 25 year high, there is much more talk about the reduction in job losses for the month of April. Since the expected job losses for April were around 600,000 and the actual number came in around 539,000 there is much talk of a turnaround. That certainly is good news but how exactly that equates to a turnaround is vague, since continuing unemployment claims are on the rise. If you aren't familiar, this means the number of people steadily receiving unemployment insurance continues to rise. Generally, speaking, this is more of an indication of what the hiring scene looks like. Of course, you have to keep in mind that, at some point, a certain percentage of those steadily receiving unemployment insurance fall off the radar when their unemployment insurance is exhausted. So sure job losses may be lower but that may or may not be signaling a turnaround. The moral to this story - stay optimistic while making sure you know the details.
