For the 14.5 million hard-working Americans who have found themselves out of work last July, a recent hope from ABCNEWS looks to be not so promising. Many who have lost their jobs are fighting to keep afloat or filing bankruptcy as a way to deal. In a troublesome find for clarity, it is beneficial to provide accurate findings which paint a picture of realness, rather than unsure optimism.
Reality: the nation’s underemployment rate, the figure which counts the unemployed, people working part-time even though they sought for full-time work, and those who stopped looking for employment, dropped from 16.5% to 16.3%. More promising news is that America’s average work week rose incrementally from a record low of 33 hours to 33.1 hours. The average hourly wages rose to $18.56 from $18.53 in July.
Even with the boost of increased jobs mainly gained from the automakers increase, many economists feel job losses could return to higher levels in September. What might be the most relevant sign of recovery, one which should resolve a promising outlook as we turn the corner towards the end of 2009, is the over-looked fact that the temporary services industry saw rapid and severe improvement from the month before.