Jobless Update

Here's a great look at what the offical numbers tell in terms of job losses in the United States.

http://online.wsj.com/article/SB10001424052748703946504575470001733933356.html?mod=e2tw

Winners and Losers in a Jobless Recovery

Here's an interesting take from the WSJ with the possiblity of a jobless recovery.

Silicon Valley Unemployment Skyrockets

Source:WSJ

So with the "green shoots" producing a -1.0% GDP this recent quarter. Let's take a gander at unemployment in the America's tech hub. With unemployment rising above levels during the dot.com this recession has caused a major destruction of wealth. With numerous layoffs by the tech giants, there are risks that remain in this recovery. A jobless growth may still be on the horizon until the private sector picks up.

Governments maybe less incline to boost the economy through continued stimulus packages.

It Isn't Always a Job Behind an Online Job Posting

"If you're launching an online job hunt for the first time in a while; take caution. What may look like an ad for employment may lead to something entirely different, like a hard sell for career services or job-training manuals. Or worse, it might be a plan by identity thieves to get you to share sensitive personal information via "phishing" expeditions. Some of the job postings -- sometimes for positions long filled -- also could be from recruiting agencies looking to collect résumés.

The problem of job postings that aren't what they seem is adding to the frustrations of the more than two million recently laid-off workers who are competing for an increasingly limited number of jobs. The good news is that there are several tip-offs that indicate an ad is likely to lead you down the wrong path. And as long as you don't give out any private data, getting duped into responding to a fruitless job ad will likely only cost you time and energy."

Source: http://online.wsj.com/article/SB123483686491196353.html