NPR's Marketplace Morning Report stopped by in The Gulch recently to talk to two young architects caught in the middle of the real estate bust.
Both Atcher and Gibson have been hired back as freelancers by their old firm. They get about half as much work as they used to. Unemployment covers the off weeks. They say they've gotten so used to their on-again, off-again jobs. It's become "what they do."
Sep 10, 2010 11:00 AM
Economics professor Mark Perry says comparisons between today's job market and that of the Great Depression are wide of the mark. Many of the commenters say Perry's use of statistics misses the mark. Says one:
When you try to compare two periods that used different methods to measure unemployment there is a credibility issue that has to be addressed. If you look at how many people are unemployed as a percentage of the total population you will find that today's rates are not all that different than they were in the 1930s.
Sep 10, 2010 8:03 AM
The team at Robert Half International says business leaders in Tennessee are a good bit more optimistic than the national average. A net 23 percent of executives in Tennessee plan to hire during Q4 versus just 6 percent across the country.
Chad Leibundguth, regional vice president for RHI says, “This report indicates that Tennessee executives are more optimistic about their growth prospects for the fourth quarter than they have been in previous months. With a recent spike in temp-to-hire activity, we’re seeing that local employers are confident about their hiring plans, particularly in the fields of healthcare and financial services,” he said.Here are the national numbers.
Sep 1, 2010 1:05 PM
Yesterday's data set from the Tennessee Department of Labor & Workforce Development showed the Nashville area's unemployment rate dipping to 8.8 percent in July from 9.0 percent the month before. What caught most people's eye was the aberration in Davidson County, where the jobless number rose from June's 9.0 percent to 9.3 percent — a sharp departure from counties like Rutherford and Williamson, where rates fell 70 and 50 basis points, respectively. Where did that difference come from? Not job growth. State statisticians had almost all area counties — including Davidson — growing their employment base by a shade more than 0.5 percent. Where Davidson deviated in July was by growing its labor force by more than 2,600 people, or about 0.8 percent. The other 12 counties in our MSA saw their workforce shrink by almost 700 people. Which is why the rise in unemployment in this region's core county may not be cause for dismay. These days, a growing labor force primarily signals that people previously too discouraged to look for jobs are returning to the fray. Granted, it doesn't say much about the availability of jobs. But remember that a job hunter's sentiment is shaped in large part by what he sees close to home and hears from neighbors, family and friends about what's happening in the market. The people re-entering the workforce are seeing something others may not. There's also this to consider: Summer is prime moving season for families. A two-income household relocating for a Middle Tennessee job likely is doing so only for one position. The second parent will hit our labor market without a job but with plenty of motivation to start a career here. I'd bet that, if we could dig really deep into these numbers, we'd find that a good number of the people who helped bump up Davidson's unemployment rate last month fit that category.
Aug 27, 2010 12:34 PM
Outplacement firm Challenger Gray & Christmas says the jobs growth of today's sluggish recovery is actually stronger than what the economy produced after the 1991 and 2001 recessions.
In both cases, the end of the recession was followed by a period of “jobless recovery” during which payrolls continued to lose jobs and the unemployment rate continue to increase. In 1991, the jobless recovery lasted about 15 months and following the 2001 downturn, it took about 19 months for the job market to reverse course,” said Challenger. “This recession also experienced a period of jobless recovery. However, an examination of several employment trends suggests that this jobless recovery may have lasted just six months and is now on a positive track.”
Aug 23, 2010 2:49 PM
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