From CBS News: AT&T held a job fair in Massachusetts this week, looking to hire 100 sales people for its stores.
“Folks that would never have thought to work in retail before are coming out of the woodwork,” Steve Krom a vice president of AT&T New England.
Since the recession began in December 2007, 7.2 million jobs have been lost and the unemployment rate has doubled, reports CBS News correspondent Anthony Mason.
“I think the worst is over, but that doesn’t mean you go straight up from here. I think it is going be a long slog to get us out of this hole we’ve dug ourselves into,” said David Wyss, chief economist with Standard & Poor’s.
According to a new survey, only 40 percent of employers are planning to rehire former workers. So new jobs will need to come from new industries.