press release
Jobless Americans keep dropping out of the workforce, EmploymentCrossing finds 463,000 jobs.
March 14, 2011 | 
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Reich points out that over 300,000 jobs would have to be created every month to get the unemployment rate down to 6 percent by 2014. There were a total of just 192,000 net jobs created in February 2011.
Another important figure which most of the media outlets have ignored is that the percent of the total workforce, either working or looking for work, is at its lowest number in 25 years. There are at least 2 million Americans officially counted as having dropped out of the workforce. If underemployed and discouraged workers are counted as being unemployed then the present unemployment rate would go from 8.9 percent to 11.5 percent.
Most of the new jobs being created also pay less than the bulk of jobs which were lost because of the recession. The majority of job losses occurred in the $19.05 to $31.40 per hour pay range. Today, the majority of new jobs pay on average from $9.03 to $12.91 per hour.
EmploymentCrossing CEO A. Harrison Barnes says that even though most of the data says that the jobs being created are paying fewer benefits, there are plenty of jobs being created. Barnes's firm has been able to find over 463,000 jobs in the last seven days. The main sectors are information technology (49,000+), managerial (63,000+), healthcare (108,000+), and sales (43,000+).
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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- We have more jobs than any other job board.
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- 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.
