Why Companies Aren’t Hiring
The headlines have been full of stories about unemployment, the so-called “jobless recovery,” and lately we’ve been hearing about a potential double-dip recession. So when a colleague suggested I tackle the subject of why businesses aren’t hiring, I figured I could throw in my two cents.
First let’s talk about unemployment. As of July 2010, the most recent month for which statistics are available as I write this, the Bureau of Labor Statistics calculated the U.S. unemployment rate at 9.5%. That’s 14.6 million people who are unemployed. And many argue that the true unemployed number is much higher and that the 14.6 million counted by the BLS are only those who continue to actively look for work.







