Stock market up, recession is over, but where are the jobs? (employment, alternative)

[luckygirl15]

A few years ago, when the recession hit and the stock market fell below 7000, people were getting laid off and companies were closing. I was one of those casualties, losing my job in 2010.

From what I could tell, there were so many people looking for jobs, that employers could pay less for a more qualified worker. It still seems that way today. So then why is the stock market rising again? If people are still out of work, or taking jobs for less pay, then they have to be buying less. Does this effect the stock market at all?

I can't quite understand this whole thing - less jobs, less money for workers but stock market is rising and recession is over.

[Moonlady]

Here's one theory:

Companies boosted profits without hiring this spring - Economy Watch

I'm one of "those" casualties. I'm doing 3 different jobs. Something's got to give. I'm burned out and frustrated but there's nowhere to go. I wish I had an answer for you, but I don't think things will ever go back to the way they were.

[Hemlock140]

The unemployment rate is still under 10%, that means 90% of people have jobs, and are spending their money.

[ja1myn]

Go to indeed.com and do a few searches. Unless this is North Korea, you can still have a shot at finding a job, it just takes a little more effort and patience today.

[313Weather]

The Stock Market has been heavily inflated by all of that Quantitive Easing (which they're expecting a 3rd round of).

It doesn't reflect what's happening on Main Street.

[AJBarney]

Recession is not over. Every month's job data reflects that, its not a state secret. Those saying we are in a 'slow recovery' have a strong political motive to so state - its not true.

[AJBarney]

Originally Posted by Hemlock140

The unemployment rate is still under 10%, that means 90% of people have jobs, and are spending their money.

That rate does not reflect those who have dropped out of the market....if they were included the actual rate would be ~ 12-13%.

According to the US Dept of Labor Table A-15. Alternative measures of labor underutilizationif you include the discouraged workers and underemployed the real unemployment rate is about 15%.

[malamute]

Originally Posted by luckygirl15

A few years ago, when the recession hit and the stock market fell below 7000, people were getting laid off and companies were closing. I was one of those casualties, losing my job in 2010.

From what I could tell, there were so many people looking for jobs, that employers could pay less for a more qualified worker. It still seems that way today. So then why is the stock market rising again? If people are still out of work, or taking jobs for less pay, then they have to be buying less. Does this effect the stock market at all?

I can't quite understand this whole thing - less jobs, less money for workers but stock market is rising and recession is over.

Probably many who are unemployed never participated much in the stock market in the first place and businesses are doing better than ever by outsourcing jobs and having cheaper labor costs.

[313Weather]

Originally Posted by AJBarney

Recession is not over.

You obviously don't know what the definition of a recession is.

[chit chatter]

The jobs are going to those candidates who know how to develop a great resume, interview well and learned skills that are marketable in todays complex society and workplace.