As the national unemployment level remains at 9.1%, recent report also indicated that in areas such as job openings and hires, there has been little movement as well which has been of concern to some unemployed workers who are looking for opportunities that may range from seasonal work to long-term options that will help them stabilize their employment and income needs. Obviously, some unemployed workers have even had to take positions that are below their qualifications or former pay grade, which puts them in a situation where they are underemployed, but even these are seen as lucky when viewed in comparison to consumers who have been out of work for the long-term.
Many consumers are watching the unemployment rate, which has made quite high over the past few months, in the hopes that they will begin seeing some form of hope in terms of recovery, job additions, or simple decreases in the number of unemployment and new jobless claims that we have seen over the past months. While there have been ups and downs in these areas of data, there are still some concerns as reports released here in October by the Bureau of Labor Statistics have stated that the number of job openings and hires in the month of August remained relatively unchanged, which has gone on to question whether overall employment recovery is either slowing, simply improving at a lower pace than is hoped to be expected, or whether more needs to be done in terms of helping businesses create job opportunities.
We have seen some concerns related to small businesses being able to get financing that could help with not only expansion and growth but job creation as well, but many officials often point out that the simple access to credit for companies is not necessarily enough to spur hiring to a point where it will do a substantial amount of help in terms of creating new jobs. Consumer demand has been low in some areas, as there are some indications that consumers are simply hesitant to buy at the present time but may be focusing on either saving or paying down debts.
While credit card use is still active, there are concerns that this holiday season could bring lower demand than we have seen in the past, but this obviously will differ from one retailer to another as the jobs that are predicted to be created for the holiday season vary as there are some stores that plan to hire more workers than last year while others are keeping their hiring in the same range or maybe even planning to add fewer workers. The question that has arisen as to why some consumers may be less likely to purchase has usually surrounded uncertainty in their financial future, as some consumers may be employed but do not feel that they are secure in their job and obviously do not want to acquire debt through unnecessary purchases or on high interest lines of credit, like a credit card.
Again, some industries are seeing some improvements in the area of job openings, but what has frustrated some job seekers is that there is no universal improvements being seen as some private industries are improving in terms of hiring options and job creation, but other areas like governmental employment opportunities have seen decreases as of late, which again has led to some job seekers questioning where they may stand the best chance at finding employment options at the present time.