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What’s up with the job market?

By Mark Hamrick · Bankrate.com
Monday, January 13, 2014
Posted: 12 pm ET

The Labor Department's report about December hiring added a heavy fog layer around the prevailing view that the economy has been on the mend.

ManpowerGroup Chairman and CEO Jeff Joerres says the rising tide in the job market is real. "We are seeing an improvement and it's across industry and it across geography. It's just the improvement is still very cautious and it's not as robust as we've seen in the past."

Payrolls grew by an average of 182,000 jobs a month in 2013, according to the government estimate. That's little changed from the previous year. Joerres says there are good reasons for firms to be more cautious than they were during past recoveries. Referring to the potential of a huge surge, he says, "We're not going to see a big 'V' recovery when it comes to the labor market."

Why the caution? Joerres says many firms are operating more efficiently than they were in the past. "Companies are not going to take the risk of anticipatory hiring because there's too many things that could six months from now or even two months from now get in the way of that and really hurt their profitability."

As for aspiring individuals, whether graduating from college or just looking for a better gig, Joerres says people have to be ready to move to where the jobs are. "There are opportunities -- they just don't exist in your backyard like they used to," he says. Although the December jobs report portrayed a shrinking labor force, with people giving up the job search, Joerres thinks more people may soon be ready to jump in. "There may be a willingness to be more confident in making that move than there has been in the past two to three years," he says.

Are you looking to make a career move in the coming months? Have you begun to look, or is anything holding you back from trying to make a move?

Bankrate Audio

Mark

Hamrick

Washington Bureau Chief, Bankrate.com

Jeff

Joerres

Chairman and CEO, ManpowerGroup

Crissinda

Ponder

Insurance Reporter, Bankrate.com

What's up with the job market?

Healing of the job market has been frustratingly slow. Here's why ManpowerGroup CEO Jeff Joerres says this recovery is different.

LISTEN TO AUDIO

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3 Comments
walter gonzalez garcia
June 23, 2014 at 6:04 pm

Buenas tardes. Se que tengo 55 años pero estoy para dar mas de 20 años de trabajo, porque nos cuesta tanto conseguir trabajo tengo experiencia en manufactura, bodega, limpieza etc, he trabajado en empresas muy prestigiosas como moto-rola, intel, los periféricos, SBM, Seguridad, tengo el tercer año de colegio cursos en Intel de mucho conocimiento entre otros porque cuesta tanto, responsable honrado con muchas ganas de dar mas en el anvito laboral y ni así tengo familia que mantener pago alquiler recibos. Necesito trabajar me podrían ayudar por favor me pueden contactar en el numero 87 36 23 17 o el mismo correo
Gracias

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