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Unless economic growth tops 3%, the jobs growth will remain anemic helped only by seasonal hiring for the holidays.
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The number of Americans seeking unemployment aid rose to the highest level since late November last week, although the increase partly reflects seasonal distortions around the spring holidays.
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In addition, 39% of employers say they plan to keep some of their seasonal workers on staff permanently after the holidays, up from 30% last year.
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But the scale of disease will be better assessed in two or three weeks' time, when the holidays are properly over and seasonal factors can no longer be cited for banks being on life support.
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Another large corporation, retained iMerit to provide massive seasonal support for data entry around the Christmas holidays for logistics.
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In a survey commissioned by SnagAJob.com, managers responsible for hiring said they would be bringing on about 33 percent fewer seasonal workers and 20 percent fewer hourly workers for the holidays.
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Now, I know, I know, there are seasonal quantitative differences between the quarter ending Sept. 30 and the holidays-inclusive quarter ending Dec. 31.
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Emotions always run high during the holidays for all employees, especially in industries that have seasonal increases in volume, such as the airlines.
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The holidays are around the corner, and with unemployment at 9 percent, hopes are high that the seasonal jobs usually created this time of the year will offer opportunity to those still out of work.
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