Wednesday, March 12, 2008

Jobs Plunge

USA Today reported last week that employers cut jobs for the second month in a row. This week they report that 26% of employers are set to hire within the next 3 months.

The coming recession calls for a weakening job market according to many sources, but unemployment is at a very low level and continues to fall. The government simply has no way of tracking those who have quit looking for work.

The opportunities abound in today’s market. I talk to people all the time that have become contractors, independent workers, consultants, or opened their own businesses. Slowly, people are becoming aware that company provided retirement, health insurance and other benefits have a price that can actually be calculated. Many are realizing they can make more money on their own while paying out of pocket for their own benefits.

We all need to be open to the new possibilities in today’s job market. Do not be left behind when your company downsizes, rightsizes, or eliminates your position. Be ready to make a move, even before it happens.