Many accounting and hedge fund job applicants are worrying that hiring rates—at firms both large and small—are going stagnant, or worse yet, decreasing. They won't have to worry for long, though. A recent report detailed how Hilary Clinton—former First Lady, former Secretary of State, and likely Presidential candidate in 2016—is working to kick start a movement to make more jobs available to young workers.
The Associated Press reported that the former Secretary announced a new "Job One" project at the Clinton Global Initiative America meeting last Tuesday. The conference, which featured hiring, training and mentoring initiatives, was led by companies like JPMorgan Chase and Microsoft, which itself illustrates Clinton's dedication to creating a stronger job market for the youth of America.
"Many Americans are still feeling that they have not recovered from the Great Recession," Clinton claimed in a recent interview, according to the report. "They are still worried about their future, the future of their children. They look and they say, 'What happened to the American dream?'"
The main push of Clinton's program, according to the report, will be partnerships with corporations aimed at helping individuals between the ages of 16 and 24 obtain positions in the workforce. The "Job One" program promises to "commit to expanding training, hiring or mentoring for young people within [the 10 participating] companies and will urge others to do the same."
The report concluded that JPMorgan Chase will be creating 4,000 new summer jobs through this program, illustrating the powerful effect that efforts like this have on the finance industry. Young people, take note: America's politicians are working diligently and consistently to improve the state of the job market.
Job rates are already trending upward across the nation
A recent report from Bloomberg News showed that the job market may already be deep into the swing of recovery. For instance, the report noted that the U.S. economy has added roughly 214,000 jobs per month so far throughout 2014—which compares favorably to the 204,000 per month recorded at this time last year.
"Job openings are a measure of the demand for labor, so in general, you like to see a rising trend," said Ryan Wang, economist at HSBC Securities USA Inc., told Bloomberg. "There's been improvement in the labor turnover figures and business surveys also suggest that conditions are gradually improving."