Oct 7 - One job hunter heads back to school after failing to find a job even as the government’s September jobs report offers a glimmer of hope for job seekers. Jill Bennett reports.
There are 14 million unemployed people in the US...and Kristin Peterson is one of them. SOUNDBITE: KRISTIN PETERSON, UNEMPLOYED (ENGLISH) SAYING: "The opportunities are fewer and far between than expected, myself along with many of my friends who are both in the business world and the financial world have been unemployed for many months. I myself have been unemployed since July." Peterson, now living in Manhattan, went back to school to study massage therapy in the hopes that that field would offer more options than cosmetology. Many people seemed to feel the job crunch personally including those who are employed. SOUNDBITE: MIKE FODERO, RECENTLY EMPLOYED (ENGLISH) SAYING: "When one friend is having a hard time finding a job it's one thing but like when you see everybody you know and you are related to it's like if you have a job you really can't give it up no matter how happy you are at it." The latest glimpse of the jobs market may offer some hope: Payrolls increased by a much better than expected 103,000 and job gains for the previous two months were higher. The unemployment rate though didn't budge in September, holding steady at 9.1%. Despite the job growth, many say it's not enough to end the job crisis. Gene Sperling, Director, National Economic Council: SOUNDBITE: GENE SPERLING, DIRECTOR, NATIONAL ECONOMIC COUNCIL (ENGLISH) SAYING: "We need to do something that can have a definitive and meaningful impact on projected economic growth over the next 12-18 months and on jobs, and on job growth and the President felt very strongly about that even before the job growth number today." The government and manufacturing sectors continued to shed jobs in September; while construction, retail, professional and business services and healthcare all posted gains. Though there is a lot of competition for those jobs, prompting Peterson to think in new directions: SOUNDBITE: KRISTIN PETERSON, UNEMPLOYED, (ENGLISH) SAYING: "It's very stressful looking for work, right now I think becoming self-employed is going to be the number one way to make a go of life right now, stay away from the larger industries where businesses are closing down and giving their employees nowhere to go. We have to be self-reliant." That is a new reality for the millions of people still looking for work. Jill Bennett, Reuters.