The Economic Recession of 2008

1754 Words4 Pages

Ever since the Recession of 2008, the process of acquiring employment has become extremely challenging and exhausting. After months of searching, a significant amount of job seekers are willing to accept any job offers that will allow them to put food on the tables. If you follow the United States’ economic recovery, you probably know that there are about 10.5 million unemployed Americans and constant debates about how to create more jobs. What you may not know is that there are actually four million open jobs waiting to be filled. So how is it possible and who is there to blame?

First, in order to better understand the scale of the problem let’s take a closer look at the numbers. Since late 2007, nearly 8.5 million jobs were lost; in most severe times 11 thousand people were receiving pink slips on a daily basis. As of today, official unemployment statistics represents 10.5 million of Americans who are actively seeking employment within the last four weeks. However, this number excludes so called “discouraged workers", those who have no luck in their job search for a period longer than that. If we add to this list those who are currently employed, but looking to change their workplace, the competition becomes sky rocking. But even without looking at the numbers, those who face job search these days know that it takes months, if not years to get one; acquiring employment becomes exhausting and affects one’s economic and emotional wellbeing. However, there are also people who solely blame unemployed for their hardships, and those who underestimate the dangerous effects that long-term unemployment has on a society as a whole.

It takes a lot to get noticed these days. One might fill out hundreds of resumes, go job fairs, and eve...

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