The U.S economy stands to lose 2 million outbound telemarketing jobs thanks to regulations going into effect today.
I’ve been mulling this in light of recently released labor statistics, which noted a drop in unemployment rates from 6.2% in July to 6.1% in August. These are, we would have it, a sign of recovery.
Depending on which set of numbers one chooses to crunch, there is less to these figures than meets the eye. The number of non-farm payroll jobs has slipped. The percentage figure represents not so much job creation as people giving up looking for work.
Here are a few more numbers. In July, the Bureau of Labor Statistics reported 129.9 million non-farm jobs, 22 million in goods and 107.9 million in services. In August, the total figure slipped to 129.8 million. The number of jobs related to goods stayed constant, while the service sector lost 100,000.
That’s a slow leak of jobs. Now jump ahead to today, when the leak has suddenly become a raging flood.
This assumes, of course, that all 2 million telemarketing jobs will be lost, which remains to be seen. I suspect the number of folks applying for unemployment benefits during the first week of this month will not jump by 2 million, as workers may have other part-time income that prevents them from being eligible. And
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