press release
SF Fed says unemployment could rise to over 10 percent; EmploymentCrossing finds 140,000 jobs.
September 28, 2010 | 
PDF version
The unemployment rate in August was 9.6 percent. The figure excludes discouraged workers and marginal workers, and if they are included the figure goes up to 16.7 percent.
Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, has said that the reason there is such a high level of unemployment is because there is a skills mismatch. Employers are not getting the high quality and skilled workers that they need and so are putting off hiring. According to him, this kind of unemployment is structural and cannot be fixed by a federal stimulus.
Paul Krugman, who has won the Nobel Memorial Prize in Economics and is an op-ed columnist for the New York Times, has said that this is not the reason for the high unemployment rate. According to him, people are not being hired in huge numbers because employers do not want to hire.
CEO A. Harrison Barnes of EmploymentCrossing says both men have a point. ''Yes, the private sector is not hiring in big numbers, but that does not mean that all the companies have decided to go on a hiring freeze. We have been able to find almost 140,000 jobs from all across the country in over 90 professions.'' EmploymentCrossing is a job aggregator website.
Contact:
Roger Croft
Editorial Coordinator
Employment Research Institute
626-243-1814
rogerc@employmentresearchinstitute.com
About EmploymentCrossing:
EmploymentCrossing is part of the Employment Research Institute, which is one of the most powerful and comprehensive organizations dedicated to helping professionals find jobs that will enhance their careers. Employment Research Institute consists of hundreds of industry-specific and location-specific job boards which consolidates every job opening it can find in one convenient location. The website also offers a seventy two-hour free trial to new members.
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EmploymentCrossing is great because it brings all of the jobs to one site. You don't have to go all over the place to find jobs.
- Kim Bennett Iowa,
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Only EmploymentCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
