The Weekly Layoff Report

Turchioe, P. (2010). The Weekly Layoff Report: Forbes Tracker Passes 700,000 Jobs Lost. Retrieved April 18, 2010 from: http://www.forbes.com/2010/04/16/layoff-tracker-unemployment-leadership-careers-jobs.html?feed=rss_home

This article, published on Forbes.com Web site, discusses the latest unemployment numbers and gives a reading of the current economic status as far as jobs are concerned. The author states that claims for unemployment increased again, for the second week in a row, adding 24,000 new claimants this past week. This news dampens the optimism felt last month and the belief that the number of new claims will soon be below the 400,000 mark, the level where economists estimate there would be more jobs added than lost. The good news is that this year’s numbers are considerably lower than last year’s 609,000 for the same period. There are currently 11.08 million Americans collecting unemployment benefits at this time. This report highlights some of the important aspects of what is going on in the economy. There are many reports that state we are experiencing economic recovery, but it appears that this recovery is somewhat of a jobless recovery; without an adequate number of jobs being created, the economy will continue to suffer. Though this article is brief in detail, but it does discuss a very important subject managers should be aware of. Until there is a good amount of job creation, the economic recovery will be limited.