August’s decline in unemployment from 8.3% to 8.1% hasn’t been widely received as good news. Apparently, much of the drop is due to hundreds of thousands of people, particularly people between the ages of 16-24, dropping out of the work force.
Furthermore, 382,000 people filed for first time unemployment last week, a sharply higher figure than anticipated by the labor department.
Many speculate that the surge in the newly unemployed may have to do with tropical storm Isaac. What does this all mean? It means that now more than ever, there is a massive pool of qualified and professional people who’s only fault is bad luck. Next time you need to fill some positions, try Accolo Elevated RPO.
The growth of the applicant pool means a larger statistical advantage for those employers who want the best that this country can offer. You can read the full article on the jump on unemployment below.