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The new normal: Jobless in America

Thursday, August 02, 2012 - 02:00

Aug 2 - Labor expert Kathy Krepcio describes the new normal job market for Americans which includes freelancing, holding multiple jobs and a whole lot of uncertainty.

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It just doesn't feel right about the labor market if you have a job you're probably worried about keeping it. And if you're looking for work you'll probably sending out resume after resume and not hearing back from anyone. Welcome to what what labor expert calls the new normal. One of the things that we like to say is it the new normal is constant change. Mom I would characterized today's workers as disposable workers now it seems like these joblessness is new norm and -- I wouldn't be surprised if while there's. Folks would be able to accept 6% unemployment well at 10% plan becomes in new norm and that has. A devastating effects for workers they're more likely to see lots of people. And tempering contingent work and freelance work. Just in time employment is where an employer -- you first long period of time people holding multiple jobs. That really is becoming the new normal the person who. Is in this same job for many years really is is sort of not existing anymore is there anything in the new normal that is. Let's -- -- career or even a career. Well you know I can say today. It there are certain particular industries that are higher growth industries but I would never say anything is safe in this kind of environment because. I can't predict what an occupation today we've seen to me logically never going to be. Either outsourced -- globalized you know some of the work that we've done is showing how. The system that's in this country to try to help people get back on their feet and get it is completely out of sync. With the today's economy in the labor market realities. Happy that -- also told me she doesn't think it's possible for the economy added now -- job each month. You replace them millions lost during the last recession. I'm Rhonda -- this writers.

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The new normal: Jobless in America

Thursday, August 02, 2012 - 02:00