?????????By Scott Wallask, SAP Experts
If you ever saw the movie The Godfather: Part III, you likely remember this sobering line from Al Pacino: “Just when I thought I was out...they pull me back in.”
That was the way I felt after reading this morning’s reports about the latest unemployment numbers in the U.S.
The unemployment rate rose to 9.8 percent in November, up from 9.6 percent the prior three months, according to the U.S. Bureau of Labor Statistics.
Employers added just 39,000 jobs in November, a far cry from the 150,000 that economists had predicted for November, the Associated Press reported. The economy got pulled back into the mire.
These latest numbers could shake consumer confidence in the midst of the huge holiday shopping season. SAP SCM customers will be watching their supply chains and inventories closely for fluctuations.
The manufacturing sector lost 13,000 jobs in November, basically remaining on keel with prior months, said the Bureau of Labor Statistics. This flat line cannot be welcome news for SCM observers.
Meanwhile, employment in professional/business temp services increased in November by 40,000, and has risen by 494,000 since September 2009, the government said.
As SAP ERP HCM users are aware, the HR needs of temporary staff are drastically different than those of full-time employees. This pattern bears further watching to see whether a larger roster of temp workers will become a permanent fixture at companies.
Follow Scott on Twitter @hr_expert.