As per the employment numbers given in December the employment situation has been failed to make any kind of improvements. There is a decline in the unemployment claims as well as flow of the estimation made in the private sector jobs by the ADP. The only thing that can be told about the decline in jobs is that it failed to improve but it has not been deteriorated. The establishment as well as the household surveys report that the economy of U.S is capable of creating 120,000 jobs in private sector for average of every month. Over the past years, there has been fairly steady growth seen in the rate of private sector jobs throughout the year.
Although there is an increase in the rate of growth of the job creation and of about 1 per cent on an average growth in the labour force but still the unemployment rate has been declined due to the shrink in the labour force. Say about two million of people have stopped looking for the job, in such case they are not considered to be the part of labour force. It is good to say that more people are working as compared but still the situation is far away from the say that employment is healthy and normal. In any case, it is perhaps early to expect a pickup of job in the month of December.
The new as well as improved viewpoint for financial policies did not become a reality till the time of elections. Few of the business go on the reaction immediately but still it takes lot of time for making new plans as well as hiring new people. Jobs in any sense are considered as a lagging indicator in the conditions of the economy. So, in such case if the job growth does not pick in the next few years then ultimately it will the time to worry that something is incorrect. As all the situation is clear it is still said that employment situation will have some kind of improvement in the medium term.
In the recent months the IT recruitment agencies as well as the IT job candidates has produced mixed signals for the future employment in UK. As the economy is still winding from the recent recession and a downturn of global economy and coalition government cuts down to the full swing growth most probably with the IT recruitment centre which has become cause of the concern. According to the BBC it is expected that the growth of the employment will fall in the short term, a force of increment in the unemployment. Both this news is bad for the candidates who are looking for job in the IT industry.
Recession has taken back a lot of people from their job but due to the improvements in the condition it is now subscribed that there will be improvements in the condition of the job in the middle term of the companies. In order to get jobs people today still has to struggle from lot of the situations.