While the pace of job losses has declined dramatically, we haven’t turned the corner yet.
The job market remained in a deep funk in December, according to a government report Friday showing that employers view the economic recovery as too weak and too fragile to begin hiring again on any large scale.
The pace of layoffs has slowed sharply in recent months, but businesses still cut 85,000 net jobs in December, the Labor Department said. The unemployment rate was unchanged at 10 percent, but economists suspect this is only because hundreds of thousands of frustrated workers stopped looking for jobs.
The key is that the trend in is the right direction. The recovery is going to be a little choppy, but hopefully the trend continues in the right direction. If you’re unemployed, the key is to continue being persistent. Don’t give up!
