Ugh. There he was. The most well-known former Chairman of the Federal Reserve, Alan Greenspan, telling the world that the jobless rate is likely “to penetrate the 10% barrier and stay there for a while,” during ABC’s “This Week” with George Stephanopoulos this past Sunday.
He went on to say that unless there is an “increase of more than 100,000 a month, you’ve still got the unemployment rate continuing to rise.”
Couple that with the slower trend for recovery on the job front in recent years, as evidenced by the chart below, what does that mean for all of us engaged in recruitment?
No one is committing to a trend in recruiting yet. Even the article that accompanied this chart in the NY Times noted:
The sharpness of the decline in employment this time could indicate that employers will have to step up hiring more rapidly when the economy does rebound in order to meet rising demand from customers. Otherwise, it could be years before the United States has as many jobs as it did at the end of 2007.
Take our poll – at the top right of this page – and let us know: Is your organization gearing up for increased recruitment in 2010?
