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US Loses 131,000 Jobs in July

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Recently, the US Labour Department reported the loss of 225,000 jobs during June, however this was explained by the end of the temporary contracted US census staff. However, the latest figures delivered by the US labour department for July confirm a further 131,000 Job losses in July, with only 71,000 being created.

The BBC reported that many analysts are concerned that unemployment is undermining the US economic recovery. Related to the recent news that many organisations are reporting positive 2nd quarter figures yet continuing to stall hiring; the economy is recovering but job creation is not matching the pace of growth.

When will organisations begin to feel confident enough to hire for the future? Join in the conversation by joining the official AESC / BlueSteps Executive Search Network on Linkedin.



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