No one will argue that the job market of the last 18 months has been a beast. Unemployment peaked at 10.6% in January and has hovered around the 10% level since. Some 15 million Americans find themselves without jobs. Companies have started rehiring, but oh so slowly, as they have consistently wrung higher productivity out of the existing workforce. Many heads have rolled since the recession began and they are just not being replenished quickly. Ugly, ugly beast. (more…)