Survey: U.S. Job Market As Bad As 2001 Recession

Posted In: Economy, Employment, Recession, Surveys, Unemployment

AP business writer Ellen Simon talked about the U.S. job market in today’s Chicago Tribune. According to one survey, it’s just as bad as it was seven years ago during the last recession. Simon wrote:

American workers’ confidence in the job market is as low as it was during the 2001 recession, according to a survey released Thursday.

When asked whether this is a bad time to find a quality job, 65 percent said it was, matching the level of the 2001 recession, according to the survey by Rutgers University’s John J. Heldrich Center for Workforce Development.

With unemployment at 5.7 percent, the highest level since 2004, and weekly unemployment claims hitting a six-year high earlier this month, workers are worried about everything from their weekly hours to their total pay…

And whether or not they’ll be trading in that nice suit for a Chuck E. Cheese costume before long…

Source:

“Survey: American workers’ confidence in job market as low as during 2001 recession”
Ellen Simon
Chicago Tribune, August 28, 2008

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