Malaysians can be considered lucky as there are still jobs aplenty and people are still job-hopping.
NY Times reported that in the U.S. joblessness rose in 29 states last month compared with 22 in September. Michigan had the highest jobless rate at 15.1 percent, followed by Nevada at 13 percent and Rhode Island at 12.9 percent.
However, the unemployment rate fell in 13 states, including Massachusetts, where it declined to 8.9 percent from 9.3 percent; New Hampshire, with a drop to 6.8 percent from 7.2 percent; and West Virginia, which fell to 8.5 percent from 8.9 percent.
A website I came across indicates that there are a lot of philadelphia jobs available. Maybe people should relocate to Philly for employment. It's easier said that done because there are lots of considerations to take into account when it comes to relocation.
And many Malaysians are still choosy about their jobs!
ReplyDeleteUnfortunately, the way unemployment is now measured in the US leaves a lot of people uncounted. If someone lost a high paying job and now works flipping burgers for minimum wage part time - they're considered employed. If they've been out of work for six months and have given up looking for a job - they're no longer considered unemployed.
ReplyDeleteIf unemployment was calculated the same way it was 20 or so years ago, the rate reported would be around 18% nation wide.
The statistic looks frightening...
ReplyDeleteHmm, I am not surprised to see the unemployment rate so high in the States. It's also considered high here, in the high 5%
ReplyDeleteOh! Job hopping is good lah. I used to do that all the time. In australia, it is "expected" that one will change his/her job every 2 years.
Yeah! We should be grateful! :D
ReplyDeleteI hate to add coal to fire, but Americans should learn to thrift and spend less future money.
ReplyDeleteNow that Americans have such high unemployment rate, the rest of the world is affected.
As the saying goes, when US sneezes, the rest of the world catches a cold.