Google just set a new record with 75,000 job applicants in a single week. Is this good news or bad news? Well, it ought to be good news for Google, anyhow, as they are planning to hire 6000 new employees in 2011 and these numbers say something about how eager people are to work there.
But what does it tell us about the economy? That there are still a lot of people out of work? That this much interest in getting on with a company like Google suggests that the job market might be re-energized?
The numbers aren’t terribly encouraging, when you think about it. 75,000 people apply in one week and yet Google is looking to hire less than 10% of that number for the entire year.
Over the past year we have pondered whether the jobs are ever coming back
, and considered the possibility that even a strong economy — should one emerge, any time now, thanks — might be one that provides few or no new jobs
. Google’s hiring wave, and the tidal wave of interest in those new jobs, could portend precisely that scenario.
I don’t like it when people spin what sounds like good news into bad news. And I don’t mean to do that. But unless we want to avoid the scenario described in Lights in the Tunnel
, we’re going to have to start creating some new jobs.
A lot of new jobs.