Employment and the on-going recession

With a 9.5% national employment rate, the recession gradually continues and depresses many of those unemployed and/or facing unemployment. However, according to USA Today, electronic company Samsung hopes to increase employment, specifically in Austin, by expanding their company to increase more job opportunities and their payroll for current employees. Despite popular belief that the holiday season will increase potential jobs, the New York Times reports that "holiday hiring" does not look so optimistic given the downgrading of most companies due to the predicted "slow Christmas". Additionally, the "offshoring" and outsourcing of jobs to other countries, according to the Los Angeles Times, can potentially better the economy and also create more possibilities for American laborers in the future.

Chinese workers answer customer queries at a Hewlett-Packard Co. call center in Dalian in Liaoning province. In addition to their existing offshore operations, HP is laying off human resources employees in California and nine other states and transferring their functions to Panama.
(Photo Credit: Associated Press)

-Ida Corporal 10/6/2010