American workers look forward to a fresh start in 2012
When the clock struck midnight on January 1st, confetti flew throughout the air in Times Square, fireworks were lit in major United States cities, emitting a rainbow of colors, and Americans embraced the ones they loved, much like any other New Year’s Eve in the past.
However, this time, many Americans were not only celebrating the start of a new year, but the end of an old one, as 2011 had finally run its course.
Americans once again had new employment aspirations, believing this will be the year in which they finally land their dream jobs and once again receive the salaries they had before the recession began.
They certainly had reasons to celebrate since the BLS’ latest report was one of the most positive in recent months. 200,000 new jobs had been created in December alone, leading many to believe growth may continue. Unfortunately, although many economists believe economic growth will be noticeable in 2012, a full-fledged recovery may not occur in 2012 or even 2013.
For example, the national unemployment rate will only decline to six percent or less if 13.1 million jobs are added to the economy throughout the next three years. To achieve this, 364,000 Americans will need to be hired each month. And, in order to return to employment levels that had been recorded in 2008, a year of millions of job losses, six million jobs will have to be created.
Yet, many economists have recently projected that 2.1 million jobs will be added to the economy in 2012, a significant improvement in comparison to recent years. So, after all, Americans should anticipate many more hiring opportunities in 2012 than in recent years, as steady job creation should occur throughout the year.
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