Economy

Posts Tagged Economy

While planned layoffs fell to their lowest level in three months in September, U.S.-based employers announced plans to reduce payrolls by 40,289, according to the latest report on monthly job cuts, released Oct. 3, 2013, by global outplacement consultancy Challenger, Gray & Christmas Inc. That figure represents a 20 percent drop from August but is 19 percent higher than the job cuts announced in September 2012. This is the fourth consecutive month in which job cutting was heavier than a year ago.

News Updates
October 11, 2013

In September roughly four in 10 manufacturers and service-sector companies will hire, according to the latest results of the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey, released Sept. 5, 2013.

News Updates
September 6, 2013
Summer is typically the peak employment season for teens; yet the percentage of America’s 16-to-19-year-olds who land jobs during the sunny months has plummeted over the past decade, and so far this summer, the percentage already lags behind last year’s figures.
 
News Updates
August 12, 2013
Trends data show that as U.S. unemployment rates drop during economic recoveries, wages traditionally increase for the country’s workforce. But many employees are still waiting for a better payday.
 
August 8, 2013
The labor market has made gradual progress in the past couple of years. When 2012 came to a close, the nation’s unemployment rate stood at 7.8 percent , nearly a full percentage point lower than a year earlier, according to a recent report from the U.S. Bureau of Labor Statistics (BLS). The number of “job losers,” or those who were unemployed because they lost their job through layoffs, decreased in 2012 for the third consecutive year, according to BLS.
 
July 12, 2013

The below chart (or a version of it) has been making the rounds plenty in the last year or so as the American economy rebounds and seemingly continues to strengthen coming out of the financial crisis and ensuing recession of the late aughts.

It shows how despite corporate profits, expressed as a percentage of GDP, continuing to set records, that those record profits have not (taken in aggregate), translated into lots of new jobs, as the labor participation rate shows.

May 14, 2013

Don't underestimate the importance of job advancement for keeping talent.

Employers in the U.S. are facing a "talent paradox." Despite relatively high unemployment, many companies are confronting shortages in areas where they most need to attract and retain experienced workers. As the economy recovers, employers increasingly should be concerned about losing critical and high-potential talent, according to a presentation at the 2013 WorldatWork Total Rewards conference, held here April 29-May 1.

News Updates
May 10, 2013

Millions of goods-producing jobs have been eliminated in the past 20 years, and although the manufacturing industry has bounced back in recent months, the most consistent growth in the labor market has been tied to the service sector for the past several quarters.

May 6, 2013

Hiring optimism for the second quarter of 2013 prevails in two recently released employment forecasts.

News Updates
April 8, 2013

Fewer U.S. employees took hardship distributions and loans from their 401(k) plans in 2012 compared with 2008—a sign of economic improvement—according to a study by WorldatWork, an association of total rewards professionals, and the American Benefits Institute, the research and education affiliate of the American Benefits Council, which represents major U.S. employers.

News Updates
March 22, 2013

Savvy recruiters know that even in periods of elevated unemployment, there are no guarantees that they’ll land the perfect candidate for their open positions. In fact, many would argue that they have to work even harder to land top talent when faced with soft labor market conditions and the disparities between the workforce skills that are available and the skills that are needed to fill available jobs.

News Updates
March 19, 2013

Savvy recruiters know that even in periods of elevated unemployment, there are no guarantees that they’ll land the perfect candidate for their open positions. In fact, many would argue that they have to work even harder to land top talent when faced with soft labor market conditions and the disparities between the workforce skills that are available and the skills that are needed to fill available jobs.

March 14, 2013

Experts representing industry, government and educational communities supplied testimony about what they are doing to remedy the workforce skills gap and improve the country’s educational system during a Feb. 5, 2013, hearing held by the U.S. House Committee on Education and the Workforce.

The witnesses also testified that the federal government could do more to quell economic uncertainty and accelerate job growth and to make it easier for states to align their education systems with labor-market needs.

News Updates
February 21, 2013

With the U.S. unemployment rate at the lowest it has been in more than three and a half years, employees’ confidence in the U.S. economy—and their ability to find and keep a new job, should they leave their current employer—appears to be stabilizing, according to the Glassdoor Fourth Quarter 2012 Employment Confidence Survey.

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February 19, 2013

Even as stock prices rise, unemployment drops and overall recovery takes hold, more U.S. workers than ever are planning to delay retirement, according to a 2012 report from The Conference Board, an independent business membership and research association. 

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February 18, 2013

“Retirement is for sissies” reads the tagline on former California governor Arnold Schwarzenegger’s new movie. In the “Governator’s” latest go-round as an action hero—“The Last Stand”—he plays a long-in-the-tooth sheriff charged with stopping a drug kingpin from reaching the Mexican border.

February 12, 2013

At the start of 2013 the global economy has two speeds: sluggish growth in the developed economies of Western Europe and North America and rapid economic expansion in developing nations. These two economic speeds are creating myriad challenges for business leaders and human resource practitioners as they seek to find the right mix of talent to remain competitive and adapt to the highly volatile global marketplace.

News Updates
February 8, 2013

Face it: Most HR consultants are not natural salespeople. But in order to nurture and maintain a thriving practice, they must continue to feed the pipeline with prospects and work to turn those prospects into customers. Here’s how.

Building a Network

News Updates
January 28, 2013

A majority of global employers are less confident about adding staff this year than they were at the start of 2012, suggesting a more difficult time ahead for international job seekers, according to ManpowerGroup’s first-quarter 2013 Manpower Employment Outlook Survey, released Dec. 11, 2012.

News Updates
January 23, 2013

Budget cuts, salary freezes and criticism of government jobs have had a negative impact on the attitudes and engagement of federal employees, according to a survey conducted by the U.S. Office of Personnel Management (OPM).

The results of the 2012 Federal Viewpoint Survey released Nov. 22, 2012, revealed that the overall job satisfaction level for the federal workforce declined sharply from 2011, falling to its lowest level since OPM launched the annual study in 2002.

News Updates
December 20, 2012