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Private Jobs Are on the Rise Amid Public Sector Worries

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he best holiday gift may have been a private sector hiring surge in December 2011, as employers gifted the American job market with 325,000 new workers. At the same time as a the rise in public sector jobs, claims for unemployment benefits fell, raising high hopes that recent labor market woes are over and a new year may mark a new era in employment optimism.

According to a report from Reuters, the surge cam as a shock to those following the job marker trends, which to date had been less than stellar. “The ADP National Employment Report's December job tally surprised economists who had expected a 178,000 gain. It was also well above the 204,000 private jobs added in November. ‘The number is stunning,’ said Wayne Kaufman, chief market analyst at John Thomas Financial in New York. ‘This is another data point that shows our economy is healing. It fits in well with improvements we've seen in consumer sentiment, and obviously that's because there are more people getting paychecks, which is making everyone happier.’

But not everyone is so happy with the current state of the nation’s job market, as the public sector, and the

A recent New York Times article reports on how the long downturn of the US economy has hit the public sector hard, which, in turn, has been devastating for the middle class, especially African-American populations. As the Times points out, black workers are about one third more likely than whites to be employed in the public sector as they face more discrimination in the private sector. As a result, unemployment rates for blacks have consistently been about twice that for whites, with the black unemployment rate peaking at 16.7% last summer.

This forecast comes as tens of thousands of folks in North Carolina alone, all of which are long-term unemployed workers, wait impatiently as they watch their own benefits run out even as state government continues to cut their jobs and put a strain on already beleaguered budgets. Many of these out-of-work Tar Heels are also African-American, with unemployment rates for black workers following national trends of being higher than their white counterparts.

With so many working class folks out of work and without proper unemployment benefits, and so many more looming layoffs in our state’s fiscal future, you might be wondering what you can do to stay out of serious financial trouble, even as you find yourself drowning in debt.

In these uncertain financial times, fraught with tough economic realities even as prognosticators only see “recoveries,” it has never been more important to understand all of the tools you have at your disposal for dealing with unexpected debts related to post-recessionary joblessness.  One arrow in your financial quiver can be the benefits of a personal bankruptcy. Whether you’re in dire need of a Chapter 7 liquidation filing to dispense with unwieldy unsecured debt, or a Chapter 13 repayment plan to hold on to your assets while making good on your repayment options, bankruptcy can provide a safe and secure way to help you get through your own financial meltdown—whether it comes during the recession or after it.

So, if you’re interested in the process of recovering your personal wealth and securing a better financial future in North Carolina through the safe havens of bankruptcy, remember that contacting an experienced bankruptcy attorney can help you conquer your creditors and face even your worst financial fears. In particular, the bankruptcy professionals at the Law Offices of John T. Orcutt offer a totally FREE debt consultation and now, more than ever, it’s time to take them up on their offer. Just call toll free to 1-888-234-4181, or after business hours, you can make your own appointment online at www.billsbills.com. Simply click on the yellow “FREE Consultation Now” button and see what a savvy financial state you can live in, no matter where you work.these uncertain financial times, fraught with tough economic realities even as prognosticators only see “recoveries,” it has never been more important to understand all of the tools you have at your disposal for dealing with unexpected debts related to post-recessionary joblessness.  One arrow in your financial quiver can be the benefits of a personal bankruptcy. Whether you’re in dire need of a Chapter 7 liquidation filing to dispense with unwieldy unsecured debt, or a Chapter 13 repayment plan to hold on to your assets while making good on your repayment options, bankruptcy can provide a safe and secure way to help you get through your own financial meltdown—whether it comes during the recession or after it. So, if you’re interested in the process of recovering your personal wealth and securing a better financial future in North Carolina through the safe havens of bankruptcy, remember that contacting an experienced bankruptcy attorney can help you conquer your creditors and face even your worst financial fears. In particular, the bankruptcy professionals at the Law Offices of John T. Orcutt offer a totally FREE debt consultation and now, more than ever, it’s time to take them up on their offer. Just call toll free to 1-888-234-4181, or after business hours, you can make your own appointment online at www.billsbills.com. Simply click on the yellow “FREE Consultation Now” button and see what a savvy financial state you can live in, no matter where you work.

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