Job Market Monitor

During the recession that began in December 2007 and ended in June 2009, millions of employed individuals lost their jobs and the ranks of the unemployed nearly doubled. In the aftermath, the number of jobless who were unemployed for 27 weeks or more continued to rise for about a year until early 2010, when it began to level off. In 2007, the median number of weeks that jobseekers were unemployed in the month prior to finding work was 5.2 weeks. In sharp contrast that emphasizes the severity of  the 2007–2009 economic downturn, the median length of time for a successful job search doubled to 10.4 weeks by 2010. In 2011, it changed little, edging down to 10.0 weeks. Comparatively, during the robust economic expansion of the late 1990s and early 2000s, the median length of time that the jobless took to find work was about 4 weeks. This measure had reached as high as 6.1 weeks in the aftermath of the 2001 recession…

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About pedigotx

High-Caliber Administration + Proficient Employees / Candidates + Fun & Engaging Work Culture = Client Partnership & Satisfaction Fun & Engaging Work Culture: Contributes to the community by filling a need for permanent placement and contract staffing, while inspiring enthusiasm in the work place. Client Partnership & Satisfaction: Enriches clients’ profits with strategic partnerships by listening to needs and customizes personnel solutions. High-Caliber Administration: Provides our high-caliber administration with a transparent culture to encourage progression and highest level of ethics through integrity, competence, innovation, and execution. Proficient Employees/Candidates: Connects clients with proficient employees creating a “Win-Win” solution.
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