Jobs report wasn’t all bad news - 1
MONEY

Jobs report wasn’t all bad news

Friday’s closely watched December unemployment report delivered a mix bag of news. While the unemployment rate was unchanged at 10% (and remains below the 10.8% peak hit in the 1982 recession, one that the current downturn seems to most resemble), employers cut 85,000 jobs from payrolls. That figure dashed hopes that the final month of 2009 would be the first to show jobs being added back to the economy. With more than seven million jobs lost in the last two years, no one was looking for major job creation. But the report contained many depressing numbers, including these:

  • The unemployment rate among adult men remained above average at 10.2% (though down from 10.4% in November and 10.6% in October). Meanwhile, the unemployment rate for adult women crept up to 8.2% from 8% in November).
  • Teenage, black, and Hispanic unemployment rates remain in the double digits: 27.1%, 16.2% and 12.9% respectively.
  • The number of long-term unemployed (out of work for 27 weeks or longer) continued to grow, totaling 6.1 million. That means 4 out of every 10 unemployed workers has been out of work for nearly seven months.
  • The number of people working part-time because they can’t find full-time work or their hours were cut back also failed to show improvement, hovering at 9.2 million people.

Still, it wasn’t all bad news. Temporary hiring, typically an early indicator of a turnaround in the job market, continued to add jobs. Since July, employment in the temporary hiring sector has risen by 166,000. The healthcare industry remained a bright spot, adding 22,000 jobs in December for a total of 631,000 since the recession began in December 2007. There were other signs of recovery too:

A more hopeful report in December would have given consumers, investors and (most importantly) employers a psychological boost, perhaps making companies more confident about adding workers and diminishing fears of a double-dip recession. But one month is not enough to make a determination about which direction the economy is going. Stay tuned for more data: The first employment situation report of the year will be released Friday, February 5 at 8:30 a.m.

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Mancan jobs in Stark County, OH

Jobs 1 to 10 of 83
CDL Driver
Mancan - New Philadelphia, OH
Mancan is hiring CDL A flat bed drivers in Dover, Ohio. Please call Mancan at 330-343-5300 to apply with Job ID 602565! CDL Class A required.
CareerBuilder - 6 days ago
Truck Mechanic
Mancan - New Philadelphia, OH
p.m. to about 1:00 a.m. Pay would be between $12.00-$17.00 an hour BOE. Call Mancan at (330)343-5300 with job #605690 to apply! Requirements: Diesel mechanic...
CareerBuilder - 27 days ago
Diesel Mechanic
New Philadelphia, OH
equipment repairs or modifications to solve operating & performance problems Call Mancan at (330) 343 - 5300 with Job #602241 to apply! Qualifications: -basic...
CareerBuilder - 6 days ago

Front Desk Clerk

Mancan - Dover, OH +1 location
or more related experience and/or training, or equivalent combination of education and experience. Call Mancan at (330)343-5300 with Job #607495 to apply!
Mancan -  1 day ago more...

Delivery Driver

Mancan - Canton, OH +1 location
Need individual that is able to learn new things and be able to stand all day and do some physical work. Will start off in the back of production line of saw...
Mancan -  6 days ago more...

General Office Clerk

Mancan - Canton, OH
friendly and personable employee who enjoys working with others! If this is you, please send your resume to MANCAN Professional at Belden@mancanprofessional.com
Mancan -  7 days ago more...

Furnace Operator

Canton, OH
apply Monday 1:30pm-3pm or Wednesday8:30am-10am. Bring 2 forms of ID to Mancan 1918 Fulton Rd NW in Canton. Must have Steel Toed Boots High SchoolDiploma/ GED... $9.00 - $11.30 an hour
CareerBuilder -  6 days ago more...

Indust Worker/Casual Labor/Medium

Mancan - Canton, OH +5 locations
INTERVIEWS TODAY FIRST Utility laborers needed - may work in any of 2 different areas either packing or extrusion. Must be able to read a tape measure or be...
Mancan -  1 day ago more...

Machine Op/General

Mancan - Alliance, OH +1 location
Marlboro-based company is looking for an employee to work as a Set-up Operator in their Converting Department. Employees will be setting up plastic film onto...
Mancan -  16 hours ago more...

Indust Worker/Material Handler

Mancan - Canal Fulton, OH +1 location
Local Canal Fulton Company is seeking a Machine Operator / Material Handler. This is a temp-to-hire opportunity. Duties will include: Machine Tending, Loading...
Mancan -  6 days ago more...
 
 Jobs report wasn’t all bad news - 1
MONEY

Jobs report wasn’t all bad news

Friday’s closely watched December unemployment report delivered a mix bag of news. While the unemployment rate was unchanged at 10% (and remains below the 10.8% peak hit in the 1982 recession, one that the current downturn seems to most resemble), employers cut 85,000 jobs from payrolls. That figure dashed hopes that the final month of 2009 would be the first to show jobs being added back to the economy. With more than seven million jobs lost in the last two years, no one was looking for major job creation. But the report contained many depressing numbers, including these:

  • The unemployment rate among adult men remained above average at 10.2% (though down from 10.4% in November and 10.6% in October). Meanwhile, the unemployment rate for adult women crept up to 8.2% from 8% in November).
  • Teenage, black, and Hispanic unemployment rates remain in the double digits: 27.1%, 16.2% and 12.9% respectively.
  • The number of long-term unemployed (out of work for 27 weeks or longer) continued to grow, totaling 6.1 million. That means 4 out of every 10 unemployed workers has been out of work for nearly seven months.
  • The number of people working part-time because they can’t find full-time work or their hours were cut back also failed to show improvement, hovering at 9.2 million people.

Still, it wasn’t all bad news. Temporary hiring, typically an early indicator of a turnaround in the job market, continued to add jobs. Since July, employment in the temporary hiring sector has risen by 166,000. The healthcare industry remained a bright spot, adding 22,000 jobs in December for a total of 631,000 since the recession began in December 2007. There were other signs of recovery too:

A more hopeful report in December would have given consumers, investors and (most importantly) employers a psychological boost, perhaps making companies more confident about adding workers and diminishing fears of a double-dip recession. But one month is not enough to make a determination about which direction the economy is going. Stay tuned for more data: The first employment situation report of the year will be released Friday, February 5 at 8:30 a.m.

Add More Money to your favorite RSS reader. Subscribe at http://rss.cnn.com/moneyfeatures.rss.


Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser