Dave Manuel Logo
Tuesday, September 07, 2010




 
FRONT PAGE
FUND REPORT
STOCK QUOTES
SPECIAL FEATURES
FUND HOLDINGS
NEWSLETTERS
TWITTER ALERTS
STOCK TWEETS
ARTICLE ARCHIVE
DICTIONARY
U.S. DEBT CLOCK
U.S. UNEMPLOYMENT
ANSWERS
REVIEWS
ADVERTISE
ARTICLE FEED
BLOG FEED



2010-07-19 00:19:00

Delta Air Lines Expecting Flood of Applicants for Job Openings



Job Applicants at Delta Air Lines - Illustration

According to a recent article on Bloomberg.com (link below), Delta Air Lines Inc. is expecting to receive 65,000 applications for its 1,000 airport job openings.

Delta said that the new 1,000 hires will be dispersed across 25 of the largest airports in the United States to “help with planes that are flying with near-record percentages of seats filled and cope with weather disruptions”.

Now, this news isn’t particularly shocking - everybody realizes that unemployment rates are very high right now and that many people are currently looking for work.

However, a few things immediately popped into my head when I read this article:

1) While I would expect that the number of job applicants would be multiples higher than the number of job openings in most economic circumstances, a 65 to 1 ratio seems outrageously high.

2) What hope do younger workers have when they are faced with this type of competition? I’m sure that Delta Air Lines will cherry-pick the most experienced and talented of the applicants (as they have every right to do), but that doesn’t leave much hope for younger workers or those with lesser skills who are looking for experience.

3) People are going to get disillusioned pretty quickly if there continues to be this kind of competition for job openings in the country.

--

I hear about stories like these over all the country right now - as a matter of fact, we wrote about a similar situation a few months back.

The fact of the matter is that the United States needs to add X amount of jobs every month just to keep up with population growth. Not only has the economy not been able to add these jobs over the past 2 1/2 years, but it has also lost millions upon millions of jobs as well.

The United States currently has a national unemployment rate of 9.5%, which is down slightly from a peak of 10.2% in October of 2009. However, long-term unemployed numbers remain astonishingly high, and there really doesn’t appear to be any improvement on the horizon. The Congressional Budget Office recently stated that they don’t expect the national unemployment rate to dip below 9% until 2012.

What is making matters even worse is that there is a consensus building that the United States is hurtling towards a “double dip recession”, which will just serve to make the unemployment situation even worse in the country. Every day in the media, somebody new is going on TV or writing an article in which they state that the US will soon fall back into another recession. This is causing businesses to hold back on hiring any new people because they aren’t buying in to the possibility of a sustained economic recovery taking hold in the country.

I really feel for the people who are trying to find a job in this economy. It’s extremely tough out there right now, and things don’t really seem to be improving.

The current unemployment situation in the United States right now really makes you wonder - where will all of the new jobs come from? Which industries will have the need to hire the millions of people who are currently sitting on the sidelines? What can the government do to help people get back to work? Are we destined to live through a long period of perpetually high unemployment in the United States?

Reading articles like this one about Delta Air Lines really makes me wonder when things will actually start to improve in the country..

Source: Bloomberg.com - Delta Air Expects 65,000 Applicants for 1,000 Job Openings


Filed under: The Economic Meltdown



COMMENTS - What Say You?

No comments yet.

Leave a Reply

Name:



Web Site:



Your Comment:








Related Articles
Unemployed and depressed - Sitting on a park bench - Voting for who is to blame
Posted on: 2010-09-05 21:18:00
Who's To Blame For The Weak Economy?
Unemployed person sitting on a park bench - Illustration
Posted on: 2010-09-02 14:00:00
Unemployment Rate Ticks Higher to 9.6% In August
Dollar Bills up in Flames - Illustration
Posted on: 2010-08-24 21:17:00
CBO: Q2 Economic Impact of the American Recovery and Reinvestment Act of 2009
People taking money out of the stock market - Illustration
Posted on: 2010-08-23 09:07:00
Small Investors Are Staying Away From Equities
U.S. Bureau of Labor Statistics - Logo
Posted on: 2010-08-20 12:24:00
July State Unemployment Breakdown - Nevada Continues To Lead










Twitter

273


Dow Jones10357.19-90.74-0.88%
Nasdaq2212.44-21.31-0.96%
S&P 5001093.71-10.8-0.99%

The Manuel Fund Report Q2 Manuel
Fund Report

SPECIAL FEATURES

Q2/2010 Manuel Fund Report

United States Debt Clock

Where Did The DJIA/NASDAQ/S&P 500 Trade On..

Historical GDP Numbers for the United States

Recent SEC Hedge Fund Filings

Recent SEC Filings From Market Movers

US Government Spending Breakdown 1962-2015

History of Deficits and Surpluses in the U.S.

Inflation Calculator

Historical Unemployment Rates in the United States

Historical State Unemployment Rates

Canada Debt Clock

UK National Debt Clock

A History of Bank Failures in the United States

Mortgage Refinancing Calculator

Dow Jones Historical Data

Nasdaq Historical Data

S&P 500 Historical Data

Stock Market Guru Twitter Alerts

Historical Gold Prices

Median Household Income History

State Population Trends Since 2000



ANSWERS

Which US Stocks Have the Largest Market Caps?

Is Trading Forex Easy or Hard?

When Will the Apple iPad Launch in Canada?

What is the Difference Between the Kindle DX and the Kindle 2?

What is a Credit Default Swap?

Which Holidays Result in US Markets Being Closed For The Day?

Why Do Stocks Get Halted?

What is the Difference Between Level 1, Level 2 and Level 3 Assets?




BLOG POSTINGS

Microsoft Received Significant Interest From Institutional Investors During Q2

The Largest Holdings That Duquesne Capital Management LLC Will Have To Sell Are..

Q2 Hedge Fund Report Out This Weekend

The Bill and Melinda Gates Foundation Trust Bought Three New Stocks Last Quarter - What Were They?

Apple Sells 3.27 Million iPads in Q3

Big Day For Tesla As The Company Finally Goes Public

Nevada Now Leads Nation With 14.0% Unemployment

Chinacast Education (CAST) Popular With Institutional Investors Last Quarter

Renaissance Technologies LLC Q1/2010 13F-HR Report

Internet Melts Down Along With the Markets





FUND HOLDINGS

KINGDON CAPITAL MANAGEMENT LLC

TWO SIGMA INVESTMENTS LLC

GREENLIGHT CAPITAL INC

RENAISSANCE TECHNOLOGIES LLC

BLUE RIDGE CAPITAL HOLDINGS LLC/BLUE RIDGE CAPITAL

SHUMWAY CAPITAL PARTNERS LLC

GOLDMAN SACHS GROUP INC

DUQUESNE CAPITAL MANAGEMENT L L C

ICAHN CAPITAL LP

SAC Capital Advisors LP



MOST RECENT DICTIONARY ENTRIES

Currency Devaluation

Biflation

Hardship Withdrawal

Assets Under Management (AUM)

Passive Income

Trade Balance

Dovish

Permabull

Order Imbalance

Compounding



CREDIT CARDS AND OTHER SERVICES

The Top Three Online Stock Brokers In Canada

Jim Cramer Action Alerts Plus Review

Direct Access Brokers: The Best of the Best

Questrade Promotional Code - Qualifying for Your Free Commissions

The Top Two Forex Brokers in Canada

Hulbert Interactive Review

Marketwatch Options Trader Newsletter Review

Retirement Weekly Newsletter Review

Barron's Online Review

Wall Street Journal Subscription - Up to 80% Off Regular Price

Wall Street Journal Subscription Discount

Barron's Subscription Discount - Over 40% Off The Newsstand Price

Barron's Coupon Code

Financial Newspaper Discounts

Buy Gold American Eagles

Buy Gold Coins Online



ONLINE TRADING ACADEMY

How Forex Trades Work

Who Are The Best Online Brokers?

My Favorite Canadian Forex Brokers

Online Stock Brokers For Beginners

How to Trade Commodities Online

Forex For Beginners

Forex Reviews: A Couple of Forex Brokers That You Need to Check Out

Forex Brokers: What You Need to Know

Forex Bonus - How to Qualify For Your Free Forex Money



INTERNATIONAL CONTENT

Comment Acheter un Amazon Kindle en France

Wie kaufe ich einen Amazon Kindle in Deutschland

Como Comprar um Kindle da Amazon no Brasil




PROMOTIONS AND OFFERS

Where to Buy a Kindle in the UK

Kindle 3 Review

Where To Buy a Kindle?

WSJ Subscription Discount - Up to 80% Off

How to Buy an Amazon Kindle in Canada

Amazon Kindle Canada Review

Hercule Poirot DVD Reviews




ARTICLE ARCHIVES

Blog Posts

Company Reviews

Daytrading

General Knowledge

General Market News

Health + Fitness

Hedge Fund News

Internet Companies

Making Money Online

Motivational

Online Forex Trading

Real Estate News

Stock Market Education

Stock Market Scandals

The Economic Meltdown

Trader Profiles



DaveManuel.com - Copyright 2010, All Rights Reserved | Advertise | Privacy Policy | Disclaimer