Where The Jobs Are (And Aren't)Play
The payroll firm Automatic Data Processing Wednesday released new numbers showing that employers added 91,000 jobs in August. The report beat expectations of 75,000 additional jobs, but with 14 million people out of work, the new jobs won't budge the unemployment rate.
So where are the jobs? Bullhorn, a high-tech company that creates hiring and recruiting software for employers, has a big picture view of who's hiring and who's not.
The bad news: there's been a 30 percent decrease in new openings across the board, even in high-tech fields, which generally have lower unemployment rates.
The bright spots: wholesale trade is up 200 percent and pharma is up 40 percent.
And even when there are jobs available, they often go unfilled.
Art Papas, CEO of Bullhorn, says that's because people are tied to homes with underwater mortgages, so they are unable to move to take on new job opportunities in new cities.
"In past recessions, mobility has been a key factor and the migrant work force has been a key factor," Papas told Here & Now's Robin Young. "We're not seeing that in this recession."
- Bullhorn: Now Hiring - See Their High-Tech Jobs
- Here & Now: High Tech Jobs Overview
- Art Papas, CEO of Bullhorn, which sells hiring and recruiting software to employers
This segment aired on October 5, 2011.