In this day and age where cut-throat competition is the rule of the corporate world, various government agencies have all reported worsening unemployment trends. Here are some statistics from Australia, the US and the UK.
The Australian Bureau of Statistics reported that "unemployment has increased from 11,000 to 670,100 for the month ended October 2009." Records also show that "unemployment in Sydney has increased two-folds from 15,800 in December 2008 to 31,900 in April 2009."
In a similar trend, the UK Office for National Statistics said that "unemployment has increased by 30,000 to reach 2.46 million for the quarter ended September 2009." Statistics also confirmed "a record-low 428,000 job vacancies for the three-month-period ended October 2009." Even London, the West Midlands and Birmingham were not spared by the 11%-plus unemployment rates as of April 2009, records indicate.
Furthermore, the US Bureau of Labor Statistics' Current Population Survey revealed that "Unemployment has increased from 9,350 for the quarter ended October 2008 to 14,844 for the same period ended October 2009." Statistics also showed that "the unemployment rate for the second quarter of 2009 is 9.2%, which is higher than the 2008 annual rate of 5.8%." Major cities like New York, Washington D.C., Los Angeles and Chicago have suffered about 5%-plus unemployment rates with Detroit as the worst-hit with 16.7% as of 2008.
These facts alone show that many people are looking for work and not all of them will find work by year's end. The global financial crisis has also worsened the situation by increasing the competition for each job vacancy and companies trying to minimise personnel costs. Though there are no official statistics on job interview rejections; the chances of getting a job interview, let alone passing it, has become slimmer.
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