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A story in CNN highlighted one of numerous barriers that could slow the labor market recovery. It noted that some firms are not considering unemployed persons for job openings. CNN reported:
Out-of-work job applicants told unemployed need not apply - Jun. 16, 2010
If, in fact the number of companies undertaking such a practice is significant, it could mean that the ratio of unemployed persons-to-job openings could be understating the magnitude of the challenge that lies ahead when it comes to labor market recovery.
The last thing someone who is unemployed needs to be told is that they shouldn't even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that.
Employment experts say they believe companies are increasingly interested only in applicants who already have a job.
Out-of-work job applicants told unemployed need not apply - Jun. 16, 2010
If, in fact the number of companies undertaking such a practice is significant, it could mean that the ratio of unemployed persons-to-job openings could be understating the magnitude of the challenge that lies ahead when it comes to labor market recovery.