If employment demand is suffering badly from the evil effects of global recession in the UK, the US, however seems to be experiencing twice the pain. Statistics, recently released, show that around 2,800 mass layoffs occurred during February, leaving almost 300,000 workers unemployed.
On average, each mass layoff resulted in around 50 workers losing their jobs. Reports also show that the manufacturing sector has been experiencing the most pain, with almost 1,300 layoffs, resulting in an estimated 153,000 unemployed workers. In the following month, layoffs increased even more, by roughly 500, increasing to over 200,000 unemployed. From December 2007, which is widely accepted as being the start of the recession and for 15 months after, to sometime in February 2009, layoff figures reached an estimated 30,000, resulting in around 3,000,000 workers becoming unemployed. The unemployment rate for the month of February 2009 was 8.1%, compared to the preceding month’s 7.6% and the previous year’s 4.8%.
February’s mass layoffs gave the western region of the country the top position for the highest number of unemployed, with 65, 792 layoffs. Next in the list was the mid-west region with 64,943 lay offs; third was the southern region with 55,542 layoffs and finally the northeast region with 32,131 layoffs.
On a more positive note, skilled professionals with special abilities are still in great demand and will be considered for visas to America, even in the midst of the recession.
Filed under: Global Recession, Immigration, US Travel, US Visa | 1 Comment »
