Monday, December 27, 2010


Many of us are grateful to have jobs...but it doesn't mean we like them, either.  Five out of six American workers say they will be looking for a better job in 2011, a major increase from last year's three out of five.

Most employees have sat tight through the recession, not even considering other jobs because so few firms were hiring. For the past few years, the Labor Department's quits rate, which serves as a barometer of workers' ability to change jobs, has hovered near an all-time low.

But after years of increased work and frozen compensation, "a lot of people will be looking because they're disappointed with their current jobs," said Paul Bernard, a veteran executive coach and career management advisor who runs his own firm.

Douglas Matthews, president and chief operating officer for Right Management, a division of Manpower, called the results "a wake-up call to management. ... This finding is more about employee dissatisfaction and discontent than projected turnover," he said.

Despite a disappointing jobs report last month, experts agree that the employment picture will likely improve going forward, although hiring will be slow. 

That's both good and bad news, depending on if employers are looking to add jobs in 2011.  If, as I expect, jobs remain relatively flat and more people are joining the job-seeking market, that will mean a solid bump up in the unemployment rate, most likely above the 10% mark.

I'm still going with housing prices continuing their fall through 2011 as the Foreclosuregate mess continues.  That's going to put a big squeeze on consumers this year, and it's not going to help growth or demand as we could be in for another round of belt-tightening.

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