Mish's Global Economic Trend Analysis |
What Millions Want For Christmas: A Job Posted: 24 Dec 2012 09:12 AM PST If you have a job be thankful. Be especially thankful if you have a job you really like. Stories like the one following show what many people want for Christmas is a job, perhaps any job. Bloomberg reports Delta Air Gets 22,000 Applications for 300 Attendant Jobs Delta Air Lines Inc. (DAL), the world's second-largest carrier, received 22,000 applications for about 300 flight attendant jobs in the first week after posting the positions outside the company.Sobering Stats The latest jobs reports shows there are over 12 million people unemployed, the average duration of unemployment is over 40 weeks, and over 40% of the unemployed have been unemployed for over 27 weeks. Another 8 million people want full-time jobs but only have a part-time jobs. And finally, unemployment stats do not capture millions more who are so discouraged they stopped looking for jobs. Best wishes to everyone who wants a job but does not have one. Hoping 2013 brings you a much happier year. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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