Archive for Job Market
The Unemployment Rate: Get Real
Posted by: | CommentsThis is a great article from Investopedia via Finance.Yahoo.com that explains how the unemployment is really calculated and what the numbers mean. One of the keys to the unemployment rate is the U-6 number – people who are underemployed. For many people, understanding these numbers is a very eye-opening experience.
The Unemployment Rate: Get Real
The national unemployment rate is defined as the percentage of unemployed workers in the total labor force. It is widely recognized as a key indicator of labor market performance. A closely-watched economic indicator, the unemployment rate attracts a great deal of media attention, especially during recessions and tough economic times.
Why Does the Unemployment Rate Matter?
As the U.S. Bureau of Labor Statistics (BLS) notes, when workers are unemployed, their families lose wages, while the nation as a whole loses its contribution to the economy in terms of the goods or services that could have been produced. Unemployed workers also lose their purchasing power, which can lead to unemployment for other workers, creating a cascading effect that ripples through the economy.
7 million lost jobs: Gone forever?
Posted by: | CommentsThis is a very interesting article regarding the number of jobs the US economy has lost and needs to produce in order to gain some emplyment traction.
NEW YORK (CNNMoney.com) — A two-year string of job losses appears to be near an end, if it hasn’t ended already.
But most economists don’t expect the employment picture to significantly improve anytime this year — or over the next few years for that matter.
The unemployment rate, which stood at 10% in November, is expected to stay uncomfortably high for the foreseeable future. Some experts even suggest that the labor market won’t be able to fully recover from the 7.2 million jobs lost since the start of 2008 before another recession and round of job losses.
http://money.cnn.com/2010/01/07/news/economy/jobs_outlook/index.htm
Jobs outlook brightens
Posted by: | CommentsNational Association for Business Economics says more U.S. firms are planning to hire and increase investment in the next six months.
By Ben Rooney, CNNMoney.com staff reporter
October 26, 2009: 7:10 AM ET
NEW YORK (CNNMoney.com) — In another sign of economic recovery, U.S. companies are planning to hire and invest more in the near future, according to a survey released Monday.
The National Association for Business Economics said the number of employers planning to hire workers over the next six months exceeded the number expecting job cuts for the first time since the recession began in December 2007.
Fewer States See an Increase in Unemployment
Posted by: | CommentsIn September, 23 states saw jobless rates rise, government says. But Michigan remains hardest hit at 15.3%, and the national rate stands at a 26 year high.
NEW YORK (CNNMoney.com) — Fewer states posted an increase in unemployment in September, even as the national rate recently hit a 26-year high of 9.8%.
Jobless rates increased in 23 states and the District of Columbia last month, according to a report released Wednesday by the Labor Department.
Coping With a Job Loss—Again
Posted by: | CommentsAmerica’s Best And Worst Cities For New Jobs
Posted by: | CommentsKlaus Kneale, 09.17.09, 09:00 PM EDT
Where employers expect to be hiring in the next quarter–and where they expect to be laying off.
Flint, Mich., and Lincoln, Neb., have something in common: They are the two cities in the U.S. with the greatest difference between how many of their employers expect to add workers in the next quarter and how many expect to let them go. But that’s very good news in Lincoln, and very bad news in Flint.
In Lincoln, 21% of employers plan to hire soon, and only 4% plan to fire–a 17% net difference. Pretty much the opposite is true in Flint, where 26% of employers are planning cuts to payroll and 9% are expecting to hire. That’s according to employment services firm Manpower’s ( MAN - news -people ) latest United States Employment Outlook Survey.
Glimmers of Hope in the Job Market
Posted by: | CommentsThis morning’s jobs data was not terrific, but it did show some slight improvements. Unemployment rose to 9.7%, the highest rate in 26 years. 14.9 million Americans are unemployed, the highest level in the postwar period. Approximately 5 million people have been out of work for six months or more. Over 9 million people have part-time jobs, but would prefer full-time jobs. The slight glimmer of hope is in the nonfarm payrolls, or monthly jobs losses, which have been steadily declining from a peak in January. Hours worked remained flat, but average hourly earnings increased nicely by 6 cents.
Job outlook hits worst-ever level
Posted by: | CommentsEmployers’ hiring plans at lowest point in Manpower survey’s history
Employers’ hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower’s Employment Outlook Survey, which started in 1962.
Read the rest of the article here.
Make the most of your opportunities by preparing to get hired with the Interview Advantage.
Who’s hiring, and where?
Posted by: | CommentsJob openings exist in some pockets of the economy, if you know where to look . . .
http://www.marketwatch.com/story/heres-where-the-jobs-can-be-found-today-2009-09-04
Make the most of your opportunities by using the Interview Advantage formula.
Interview Advantage
Posted by: | CommentsWe all know what it is like to go in to a test after you have studied the material and have the confidence to know that you are going to make a top grade. We aim to give you that advanatge when you go on a job interview.
There are few feelings that compare to leaving a job interview knowing that you have aced it. One of the best is when your potential employer doesn’t let you get back in your car or on your flight without making an offer to you on the spot.
With the Interview Advantage you will be able to walk into a job interview knowing that you are fully prepared. You can leave with the confidence that you aced the interview. You may even get a job offer before you get home!