Are you noticing a change in the job market?

It’s an interesting unemployment report today.

The unemployment rate rose to 9.9 percent, but a lot more jobs were created in April — 290,000 — than economists had been predicting.

One of the reasons that the jobless rate may have risen from 9.7 percent is that more people are looking for work now, given that employers are hiring more.

What are you experiencing in the job market? Is it any easier now to find employment?

If you’re working, is your employer hiring, cutting or standing pat?

And, for you stock investors, how do you think Wall Street is going to treat the job news today? Another wild ride or will it take things in stride?

For instant updates, follow me on Twitter.

22 comments Add your comment

Unemployed

May 7th, 2010
9:22 am

If my phone is any indicator of how the job market is doing, it’s doing very well. It’s been ringing off the hook from employers, which it hasn’t been doing in some time. That said, I also expect the unemployment rate to rise at this time as employers are clearly starting to hire again. People are encouraged and are re-entering the job market.

Hug the Police!

May 7th, 2010
10:01 am

The burgeoning smash-and-grab industry here is Atlanta is booming, and “employment” opportunities are particularly strong right now for young, uninformed Obama worshippers and V-103 listeners.

shadow7071

May 7th, 2010
10:11 am

Question. How do you track people re-entering the job market. Do folks go down to the labor department and fill out a form for re-entering the job market? Does the labor department track new resumes on Monster or CareerBuilder? Do organizations call into the Commerce department and report the number of applications for their new positions? Is the administration tracking the hits and visits to jobs sites? Where does this statistic come from?

Quite frankly, the logic that the un-employment rate is higher because more people are looking for more new jobs just doesn’t cut it. The fact is that most organizations that have shed jobs are not bringing these folks back. They’re not rehiring. So, where are these new 290,000 jobs coming from.

I track employment figures for my work and granted there are more new job posting but interestingly these jobs appear to be trending for either the very experienced or entry level positions. I see many, many jobs opportunities for “intern” positions – get experience but no pay.

My take is this – yes, maybe 290,000 new jobs were created in April but layoffs continued to surge increasing the unemployed rate from 9.7 to 9.9 percent.

Anita Job

May 7th, 2010
10:13 am

Well lets see- Fake +290K Payrolls “Added”, Real Number Is 36K After Census(66,000) And Birth-Death (188,000)=36,000 real jobs added! Unemployment Goes Back To 9.9%, Underemployment At 17.1%..how’s that for the proganda spin! Nothing to see here-move along!

Nativeson71

May 7th, 2010
10:51 am

@ Anita Job – you are keen to point out the spin on data. Being a Data Analyst myself I understand that ‘data’ presented in the news if often ‘one sided’ or certain variables are omited to make a situation worse or better than it may be.
With that said, so much of the economy is based on emotion. There have been some reports in the media that people are simply tired of the recession and are going to the mall to shop no matter what their personal economy may be like.
The economy needs some good news right now, even if it is half-truths.

David S

May 7th, 2010
11:13 am

Government jobs, including census workers, are not real jobs. They are paid for by taking money from the productive sector. With that money gone, the productive sector has less ability to create real jobs.

It is of little consequence to the overall economy that there are new workers if they are employed by the government in that every penny flowing back into the productive economy was taken from it in the first place. And if it was not taken directly, it is the product of the Federal Reserve printing presses which ultimately lower the value of every dollar being returned anyway.

Nothing good ever comes from government action. The sooner everyone learns that, the sooner we can hopefully move towards solving things in a sustainable market-oriented fashion.

Sick of it!!!

May 7th, 2010
11:34 am

David S, if you want to criticize government for its revenue structure, then criticize the state county, and municipality you live in as well. Better yet, try living with no police or security, no hospitals, no roads, no sidewalks, no potable water or stable sewer, and no regulation of what is sold to you, we’ll see how your “market-oriented” model really works.

TnGelding

May 7th, 2010
1:17 pm

290K, WOW! Anyone that says the stimulus isn’t working just isn’t being honest. A good argument can be made though if it was worth it or not.

Look for a late afternoon rally. All the good news can’t continue to be ignored.

Richard Covington

May 7th, 2010
2:58 pm

Covington Newton Rockdale county 12-13% total unemp in the 20% range. Metro Atlanta 11% real unemp range 19-20% Teenage unemp 35% recent college grads 2009 60% unemp with parents/2010 35% employed 2mm new workers seeking jobs.

Major shifts in employment but temporary 6 week jobs will not sustain a household. Look for further reductions in households as more young migrate back home.

In metro Atlanta by 5/15/10 1500 teachers will lose jobs in New York 10,000 in California 15,000 if these states stick to their balanced budget shrinking reduction . nationwide about 200,000 teaching jobs will vanish.

Try getting hired if you are over 50 even with MBA degree in metro Atlanta you are one in 15 seeking a mid level position forget entry level will not hire and the so called executive level which has decimated most remaining American businesses forget it. Focus can only be on entrepeneurial and self owned business now.

Stock market now down another 150 almost 1000 from peak in late April 2010. will be along hot summer with oil going up , food prices skyrocketing and many restless youth out of work .

Look for riots such as sweeping Greece to erupt in America within 2 months along our border with Mexicao and in many major urban centers.

sorry no rose colored glasses for me!!!!

The Economy

May 8th, 2010
12:15 pm

Richard, you are and intellegent,articulate,insightful thinker. And you are correct, look for some serious chit to hit the fan in 36 months. This will not turn out well for our country, maybe will learn something other than what Lindzie Lohan did last night. Good luck America

The Economy

May 8th, 2010
12:16 pm

Sorry, thats 36 months.

Michael T

May 8th, 2010
12:16 pm

I know several people that have been unable to get even and interview for almost a year. Nothing has changed for them. When one of my friends gets hired, then I will think the economy is turning around.
My college student daughter at 20, quit her job at a local amusement park and is looking for office/receptionist type employment. She can’t even get an interview at retail jobs. BTW we live in Gwinnett.
From my perspective things are still going down, NOT up!

The Economy

May 8th, 2010
12:16 pm

OK, one more time, 3-6 months.

Michael T

May 8th, 2010
12:26 pm

I hear that governmental agencies have been told to get rid of independent contractors and hire permanent employees. This is just a ruse to make the employment numbers look better…

Buzz G

May 9th, 2010
7:54 am

Trillions of taxpayer dollars spent bailing out GM, Chrysler, a dozen mega-banks, Fannie Mae, Freddie Mac, Sallie Mae, many mortgage companies and several insurance companies. We have piled debt on top of debt and then placed it in front of our children and our grand children. And what do we have to show for it? 9.9 percent unemployment, I hope Obama and the Democrats as well as any Republicans who voted with them get kicked to the curb. No wonder the Tea Party has ascended.

bankrupt nation

May 9th, 2010
10:08 am

if u are looking for a real job, u have the skills needed, then basically those jobs just aren’t there.if u are looking for just a check u might and i say might find something. but then u have to decide do i take a job that pays just enough to get to work and back, or do i sit at home

Halliburton Billionaire

May 10th, 2010
9:37 am

“I hope Obama and the Democrats as well as any Republicans who voted with them get kicked to the curb. No wonder the Tea Party has ascended.”

You’re an idiot and so are your tea party followers.

#1 Foxy Lady

May 10th, 2010
10:00 am

The only change in my own personal job market is my own diaper.

David

May 10th, 2010
2:17 pm

I agree with shadow7071 – the statement in the introduction – “one of the reasons that the jobless rate may have risen from 9.7 percent is that more people are looking for work now, given that employers are hiring more” makes no sense.
@Henry – How would this be determined? Are you saying the definition of “unemployment” is changing from “those people receiving unemployment benefits” to “people who are unemployed”?

Hilary

May 10th, 2010
5:08 pm

David – Government jobs are the ONLY real jobs left in this country. All the private sector has to offer is crap wages, insecurity and layoffs.

John Doe

May 19th, 2010
8:54 am

What am I experiencing in the job market? I’m in it as of this month and it is a scary place. Thanks a lot *elta, nice merger. Real good for the economy.

George

June 2nd, 2010
8:00 pm

I’m not getting my hopes up too much but over the past couple of weeks I have had 2 second interviews. The only problem is that instead of multiple opening it has been an issue of multiple qualified applicants. I have however in the past 24 hours had contact from companies with great rate of pay and have seen a slight uptick in job postings. It does at least feel good that the phone is ringing again