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Friday, March 9, 2012

More optimistic U.S. jobless dusted your resume 2012

Like many Americans unemployed, Gint Butenas has a cautious optimism that things are likely to work well.

The worker of 57 years of information technology was fired from a pharmaceutical factory in 2009. At the time, recalls Butenas the U.S. economy lost 250,000 jobs a month, so I felt I had little sense to even find a new job.

After completing a master's degree to improve their skills in their field in 2010, the now seeking employment and has seen signs of improvement.

"I have contacted more and I had a couple of interviews," said Butenas while attending a job fair on campus satellite technology DePaul's in downtown Chicago. Fifty employers, including CME Group, and Allstate Insurance LivingSocial were receiving resumes.

"But I'm still looking. Why I'm here (...) Sometimes I wake up in the morning and I can not believe where I am," he said.

Data released Friday showed that many more Americans who gave up looking for work force again in February, while the aftermath of the economic crisis from 2007 to 2009 shows signs of abating.

For the third consecutive month, the U.S. economy created over 200,000 jobs, even a small amount compared to the millions of jobs lost since the recession began.

The rate of labor force participation-the percentage of Americans of working age who are employed or looking for one-rose to 63.9 percent from 63.7 percent in January, a report showed on Friday the Department of Labor .

Although the rate remains at a minimum of 29 years, posted its biggest monthly gain since April 2010.

Many Americans never stopped looking for work and perseverance is beginning to bear fruit.

Julian Robinson, 47, started a job this week as a financial analyst at a hedge fund in New York, two years after he was fired from another firm where he worked for over three years.

Despite their actuarial skills, job search was not easy. He had 20 to 30 telephone interviews, but companies often reject it because it was over qualified for the position he had applied.

Finally, last month, was offered two jobs.

"I think sometimes it's about being in the right place at the right time," said Robinson.

Natalya Podgorny, 31, hopes to have the same fate.

Since leaving a job at a magazine publisher for five months, Podgorny has assembled a network of contacts, reviewed your resume over and over again, has requested jobs through internet and in person, and has taken classes at the University of New York to hone their skills.

Although it is estimated that only one in 15 employers ever responds to requests, she said that now they have begun to open some doors.

"It was a bit daunting, but I had several personal contacts that have approached me in the last week, so I've noticed a change," Podgorny said, with a lot of resume in your hand at a job fair at Madison Square Garden in New York.

"Just not expected it to take so long," he said. "It would not have left my old job without a concrete plan if he had an impression of the time it would take," he said.

OPTIMISM AND INTERVIEWS

The increase of people seeking work last month would normally have raised the unemployment rate, putting pressure on President Barack Obama as he begins his race for reelection. In contrast, the unemployment rate held steady at 8.3 percent, a minimum of three years, because it was offset by an increase in new jobs.

The U.S. unemployment was 4.5 percent in mid-2007, before it jumped to 10.1 percent, its highest level in the crisis, in October 2009.

People who are not looking for work is not considered part of the workforce, and there were about one million workers in February that it had missed at least one month without seeking employment. As the labor market improves, more of them may return to the market, which could raise unemployment.

Holly Steel Foxboro, Massachusetts, still can not find work, but is more optimistic than last August when he was fired from Sun Life Financial, where he worked in internal communications.

She said she is waiting for an answer on a charge and had an interview for another job next week.

"I think there is greater need than before, but I still see many companies looking for staff, but are not willing to pay the wages that people could get past," said Steel.

More companies are knocking on the doors of higher education institutions.

The Pennsylvania State University has seen an increase of 6 percent in the number of employers conducting interviews on campus, compared to last year. Meanwhile, a report by the Collegiate Employment Research Institute at Michigan State University predicted that recruitment on campus would increase 7 percent this spring.

"With the improvement of the labor market, we are certainly seeing an increase in competition for the best talent," said Robyn Tyler, vice president of global talent management at Office Depot Inc., the second largest retailer in the U.S. office.

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