Employers aren't hiring because they don't need the workers. That is by definition,
so to speak. I've heard different numbers on this matter, but about 120,000 jobs
are needed to be created each month just to break even with increases in the population.
I'm not an economist but this (see below) confirms what I've heard on TV.
Factories are not busy.
Release Date: November 16, 2010
Excerpt here, taken from the Federal Reserve's site:
The capacity utilization rate for total industry was flat at 74.8 percent, a rate 6.6 percentage points above the low in June 2009 and 5.8 percentage points below its average from 1972 to 2009.
Workforce productivity is the amount of goods and services that a worker produces in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity can be measured for a firm, a process, an industry, or a country. It was originally (and often still is) called labor productivity because it was originally studied only with respect to the work of laborers as opposed to managers or professionals.
Labor productivity relates output to the labor hours used in the production of that output. Two BLS programs produce labor productivity and costs (LPC) measures for sectors of the U.S. economy.
The Major Sector Productivity program publishes quarterly and annual measures of output per hour and unit labor costs for the U.S. business, nonfarm business, and manufacturing sectors. These are the productivity statistics most often cited by the national media.
The Industry Productivity program publishes annual measures of output per hour and unit labor costs for U.S. industries.
... the financial crisis of 2007-2010 and the accompanying business downturn has sent business and growth tumbling, with Las Vegas recording one of the highest home foreclosure rates in the country. The disappearance of disposable consumer income and the backlash against corporate entertainment spending sent the hospitality industry into a tailspin that it has yet to fully recover from as of summer 2010.