Wednesday, December 7, 2011

For Jobless, Little Hope of Restoring Better Days

Many jobs were cut in the economic downturn. Though jobs are increasing slowly, and unemployment decreasing, a lot of impacted sectors will take an even slower pace to fully recover. As health care and enery-related jobs have boomed, other specific job types that endured mass cuts like the housing-related market has yet to show decent recoveries. Construction workers are among the biggest sufferers, stung by a housing collapse that led to the loss of two million jobs. Since the recovery began, the industry has added just 47,000 jobs. But good news to the business sector, skilled professions like accounting and management consulting are recruiting more!



http://www.nytimes.com/2011/12/02/business/for-jobless-little-hope-of-full-recovery-study-says.html?_r=1&scp=4&sq=job%20cuts&st=cse

- Xiao Wei Thian

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