Job Churn

Posted April 27, 2011
By Clay Cerny

“There are no jobs.” 

No statement could be more false.   There are always open jobs.  The problem in an economy like the current one is that more people are looking for jobs than there are open positions.  A recent article on hiring college graduates underscores this point.  It cites the Department of Labor as projecting that 1.7 million students will graduate from college this year.  It also claims that AT&T will add 20,000 employees without increasing head count (overall number of employees). 

Those two statistics are significant in understanding job churn.  If 1.7 million people graduate in a year, most will get jobs because new positions are created and existing positions open up.  If AT&T is adding 20,000 without increasing its total number of employees, it means 20,000 workers have been laid off, quit, or retired.  Job churn means that there will be openings.  The challenge for people seeking a new job is to find these positions.  It’s not easy.  It is possible.  Keep the faith.