If you’ve been on the chopping block, perhaps you’ve seen the pink slip signs coming. You know, the ones which reveal themselves to you in due time like colleagues who start rescheduling meetings with you three and four times.
Posts Tagged ‘job market’
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This morning’s report by ADP shows positive signs for the job market. That’s because the U.S. economy created 220,000 brand new private sector jobs this past month. This number reflects 10,000 more jobs than analysts originally anticipated.
In addition, the report increased the number of jobs in March’s report by 18,000.
Per a piece in USA Today, chief economist at Moody’s Analytics Mark Zandi explained, “The job market is gaining strength. The recent pickup in job growth at mid-sized companies may signal better business confidence.”Strength indeed. April’s increase was the biggest one since this past November when ADP revealed 245,000 new private sector jobs. And, per the report, large and small companies boosted their headcount in April.
While we’re awaiting the Department of Labor’s job report, there’s good news on the hiring front. According to payroll processor ADP, businesses have added 191,000 jobs in March — not too shabby!
This shows the job market may have bounced back from a weak winter and bad weather which significantly impacted businesses across the country.
According to a piece in USA Today, economists had forecasted a gain of 189,000 jobs in the ADP report. The same economists are expecting 195,000 gains according to the government’s report covering business, federal, state and local government jobs.
Mark Zandi, chief economist at Moody’s Analytics, explained in the piece, “The job market is coming out from its deep winter slumber. Even better numbers are likely in coming months as the weather warms.”
Yesterday Federal Reserve Chair Janet Yellen spoke about helping “Main Street, not Wall Street.”
She didn’t just focus on the unemployment rate but she did talk about a variety of economic indicators pointing to the weak job market.
Are numbers as bleak as they were five years ago? Thankfully, no. Could they be a lot better than they are now? Yes!
If you’re looking for a new job, you’re not alone. Actually, you’ll be among a pack of job seekers seeking better opportunities this year, thanks to new data from a CareerBuilder survey.
That is, one in five workers revealed they want a new job this year. We must admit, we’re not sure what to make of these numbers — yes, that’s great people feel confident in the market to move on but why are so many people unhappy? Maybe they’ve been waiting things out in their current job for too long and feel like the time is right to move on?
According to the statistics, only 59 percent of workers indicated they’re satisfied with their jobs. This is a significant drop from last year’s percentage of 66. Digging deeper, people claiming dissatisfaction pointed to salary concerns and not feeling valued as the top two reasons. Read more
Considering Spain has the second highest unemployment rate in the European Union at 26 percent (only Greece’s rate is higher), it’s breathing a sigh of relief today. According to CNN, the number of registered unemployed folks dropped by 107,600 last month. Currently the number of their folks out of work is approximately six million people. We would be myopic if we only wrote about U.S. News but their numbers are quite staggering, aren’t they?
Government officials sound optimistic. Per the piece, their prime minister has predicted a recovery for this year and earlier this week in a radio interview their economy minister indicated job creation could potentially surpass forecasts.
Numbers are misleading though since labor unions point to temporary and part-time opportunities as providing relief, not full-time ones. In fact, their data reflects new employment contracts as temporary ones. Technically the number of permanent jobs that are new and available to job seekers has remained flat the past year.
Per the piece, Victor Echevarria at BNP Paribas, explained, ”Employment in Spain has traditionally only seen sustained increases when the economy has posted solid growth; it remains to be seen whether this will also be the case this time around.”
According to two Federal Reserve economists, it should take about two more years before our labor market returns to the norm.
Keeping in mind we’re media folks and not necessarily economist-types who crunch numbers, we’ll share this update at a macro level.
As pointed out by ERE, they looked at 23 different labor market indicators and said change is above the average but hasn’t morphed into an equivalent rate of conversion to boost labor market conditions. Read more