[jsfg_cinti] It's Not Jobs Lost, It's Jobs Not Found

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It's Not Jobs Lost, It's Jobs Not Found 
Dan Ackman, 10.01.03, 9:47 AM ET 
  
Layoffs are a staple of business news because they come in bunches and are 
often officially announced. Hiring is not. It tends to happen quietly and 
affects only a few workers at a time. Yesterday, the U.S. Bureau of Labor 
Statistics announced the publication of a new type of employment report that 
divides labor statistics into jobs lost through layoffs or business closings 
and new jobs created. The net result is the same--there has been no net 
increase in jobs lately. But now we know why: It's not the firing, it's the 
lack of hiring. 

In the last quarter of 2002, job gains and job losses were roughly equal, both 
around 8 million. For job holders, the good news is that the layoffs and 
closings that characterized the 2001 official recession have slowed. But for 
job seekers the bad news is that post-recession "gross job gains had not 
returned to pre-recession levels," the BLS said. 

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Details at URL:
http://www.forbes.com/2003/10/01/cx_da_1001topnews_print.html


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