I've often heard the phrase, "What a difference a day makes." For the American workforce, it's what a difference a year makes. In 2007 and the beginning of 2008, business was concerned with talent development and the loss of the baby-boomer knowledge to retirement. How many have to put off retirement, I don't know; but, most newspaper accounts make it significant. That's significant for the young grads looking for their first job, it's significant to the 4 plus million who have lost their job in the past year, and it's significant to employers.
Many economists are now calling this a "jobless recovery." I'm not an economist, but I say that's just a phrase. In every economic cycle, job creation lags behind recovery. After 9-11, my county's worst year was 2003. We saw significant job loss because American Airlines in headquartered in our county and a lot, I mean a lot of secondary suppliers were affected. In the third quarter of 2003, we started to see job growth again. Using that as a yardstick, it won't be until the later part of 2010 or the first part of 2011 until job recovery begins.
SO WHAT CAN I DO?
Now more than ever, you should know what makes you unique. I am hearing from many workers in their 50s and 60s that they are witnessing age discrimination. If you're an older worker, think about your experience and how is unique about your set of experiences. I also suggest learning much more about communicating via facebook, Linked In, and other social networking sites. Now is not the time to rigidly hold on to the past. Your local community college can help you become more computer literate. Why? Because jobseekers find jobs through networking faster than by sending 6 zillion resumes out to the black hole of job openings.
Here's an example. A friend on mine was looking for a secretarial position