10 million job hunters for 3 million jobs

It's hardly a jolt to say it's not a good time to be jobless and job hunting.

The U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey -- JOLTS --finds 3.1 million job openings for more than 10 million jobless job seekers.

At the beginning of this (now official) recession, there were 1.9 job hunters per job opening. That ratio jumped to 3.3 in October.

Labor market economists don't expect improvement any time soon.

Unemployment jumped by about 250,000 in November. And in the first week of December, new claims for unemployment benefits skyrocketed by more than half a million.

No wonder there's a sharp rise in job loss/job transition support groups in the metro area. The need for advice and camaraderie is great.

Click on the area job list (under "Resources," under my photo to the left) to see where and when these groups meet.

Submitted by Diane Stafford on December 14, 2008 - 8:00am.
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Submitted by Anonymous on December 15, 2008 - 7:41am.

If we have a bigger piece of the pie in the USA why are we giving it to people who do not like us? Fair question.
Ken Stepp

Submitted by Anonymous on December 14, 2008 - 7:18pm.

Why should we as Americans have to compete against cheap foreign labor that has flooded the US from India? When will India stop dumping it's unemployed on our shores? When will our government do what they are supposed to do and create jobs for Americans, in America?


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4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

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It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

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