Job market still faces challenges

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America's jobless picture isn't looking good, and local employment agencies are feeling it.

Jeremy Contreras, owner of AJL Staffing Resources LLC in Whittier, said his business is off by about  60 percent.

"There are layoffs everywhere," he said. "Manufacturing companies that ordinarily would be setting up a second shift in February or March aren't doing it."

Contreras said he also has seen a dramatic slowdown in calls for commercial drivers, manufacturing workers and office employees.

"During the last three weeks I know of about five companies that each laid off at least 25 people," he said. "And some of those employees had been there as long as 19 years."

The Labor Department reported Thursday that the number of people continuing to draw unemployment benefits jumped by 122,000 to 3.84 million in late October. It was the highest level since late February 1983 when the country was struggling to recover from a long and painful recession.

And and net job losses for October are expected to be about 200,000 when the government releases its jobs report on Friday.

And now for some more good news, courtesy of the Associated Press  ...

DETROIT - With their employers poised to announce billions more in losses and further job cuts on Friday, it's worry time once again at General Motors Corp. and Ford Motor Co. factories across North America.

Both companies are spending billions more than they're making amid the worst economic crisis in decades.

 

 

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About this blog

Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.

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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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About this Entry

This page contains a single entry by Kevin Smith published on November 6, 2008 6:13 PM.

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SanGabe.biz is the San Gabriel Valley Newspaper Group's online resource for local business development. Get info on tax law, accounting, legal forms, marketing, sales and more.
The San Gabriel Valley Small Business Development Center offers classes, counseling and consulting for entrepreneurs and small business owners. The SBDC is a partnership between Mt. San Antonio College and the U.S. Small Business Administration.
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