US Unemployment Rate Jumps Alarmingly to 6.5%, a 14-Year High; Undeterred, EmploymentCrossing Adds More Jobs
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Pasadena, CA — The US unemployment rate scaled past 6.5% last month, the highest it has been in nearly 14 years. According to the US Bureau of Labor Statistics report for October, the economy lost 240,000 jobs last month. Fortunately, EmploymentCrossing, one of the leading job boards in the world, was able to post 196,020 jobs last week in US alone. ''This is a terrific effort indeed, considering the country's current job market scenario,'' says Harrison Barnes, the CEO of EmploymentCrossing.
EmploymentCrossing is now increasing its own workforce to generate as many job postings as it can in order to relieve the unemployed of their present plight. ''The US job market is in complete shambles. The damage from the housing collapse and credit crunch is cumulating. Most recent macroeconomic figures show a rapid pace of deterioration,'' adds Barnes.
The report by US Bureau of Labor Statistics also revised the previously reported declines of 159,000 in September and 73,000 in August to 284,000 and 127,000 respectively as well. As a result, the economy has now lost a total of 1.2 million jobs since the beginning of the year, with half the jobs lost in the last three months alone. Particularly affected companies have been building, financial, and manufacturing. Manufacturing jobs were down by 90,000 for a cumulative decline of over 200,000 in the last three months, while construction jobs fell by 49,000 last month, for a total decline of more than 100,000 in the last three months. Various economists have suggested that the nation's fourth quarter GDP (Gross Domestic Product) is likely to contract sharply.
''The US job market is going through tough times and it has been predicted by several analysts that this picture is likely to worsen in the coming months,'' says Barnes. ''The projections of the real job market are indeed bad enough. But what matters for the job seekers is that they should know where to look for jobs.''
There are over 1.5 million job listings at present on EmploymentCrossing's site. ''EmploymentCrossing scours over 250,000 employer sites and more than 8,000 job boards for high-paying, active job listings, and posts them in the site's revolutionary job database. The jobs can be browsed and applied to, from EmploymentCrossing's 100-plus industry-specific job boards.''
According to Barnes, the top job types listed on EmploymentCrossing's website are:
''With a highly trained team of researchers who personally screen each and every job posted on EmploymentCrossing's portals, EmploymentCrossing seeks out, edits, approves, and tracks an elite collection of jobs on an ongoing basis,'' Barnes says. ''EmploymentCrossing is not for everyone — we are exclusive and private, and only members have access to our job-opening research.''
About EmploymentCrossing
EmploymentCrossing is a powerful and comprehensive organization dedicated to helping professionals find jobs that will enhance their careers. EmploymentCrossing consists of 100-plus industry-specific job boards which consolidate every job opening they can find in one convenient location. The website also offers a seven-day free trial to new members.
EmploymentCrossing Fact #230: We offer an affiliate program through which individuals can earn money by placing links to our site on their websites. (You earn 40% of the revenue from sign-ups directed from your site.)
Todd , Nashville, TN
I feel that everything on EmploymentCrossing is so attractive to the users. Advance search, speed search, online applications, newsletter, archives, career corner, audio room, and other features are just fantastic!
Matthew , Cary, NC
The best thing about EmploymentCrossing was the job alert feature. The newsletters are also very good.
Rylan , Oak Park, IL
EmploymentCrossing provides all information with utmost clarity. The jobs on its database are genuine and constantly updated to ensure freshness.
Debra , Alameda, CA
EmploymentCrossing is the most informative and relevant job site. Studded with newsletters, market updates, archives, and other press notes, EmploymentCrossing is truly the best job site in the world.
Julie , Miami, FL
EmploymentCrossing is the most convenient and user friendly job site that I have come across. It provides users with a truly user-friendly approach in their job search.
To compare EmploymentCrossing with other job sites
EmploymentCrossing is too good and very user friendly. The best feature is the submission of the resume and cover letter online. The search engines are also very fast.
Mark , Chicago,IL
The search engine is really very good.
Melissa , New York, NY
I am very happy with the services provided by EmploymentCrossing. I will surely use it again in future.
Unlike other sites, EmploymentCrossing works for you and does not charge employers to post jobs and actually goes out and researches jobs for you. The jobs you see are the jobs we find for you and not the ones employers are paying us to post.
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EmploymentCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
EmploymentCrossing is the first job consolidation service in the employment industry to seek to include every job that exists and not charge employers to post jobs on its site.
EmploymentCrossing uses sophisticated technology and manual work to comb employer websites and other job boards for jobs and bring them all to its site.
