The Wall Street Journal today reports the U.S. job market may bounce back quicker than in past recessions. That's because, unlike the 1990-91 and 2001 downturns, a big chunk of job losses have come from the service-related industries that now lead U.S. employment.
From the Wall Street Journal:
Google the phrases job hunt and black hole and you'll turn up 55,700 results. The reason for this confluence of terms, as any job hunter will tell you, is that applying for a position increasingly involves two phases.
The Wall Street Journal posted a short video about Rockford's high unemployment rate and its hope for the future.‚ From the website --"Larry Morrisey, mayor of Rockford, Ill., says his city is dealing with one of the highest unemployment rates in the nation.