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Posts Tagged ‘recession’

Monthly Jobs Report Showcases Excellent News

american-flag-2aThis morning the Department of Labor announced strong numbers.

In September employers added 248,000 jobs and the unemployment rate fell to 5.9 percent — that’s the lowest since July 2008!

Hourly earnings rose as well although it sounds like they are at a snail’s pace. Naroff Economic Advisors’ economist Joel Naroff told USA Today, “The labor market is clearly tightening but there’s still no wage pressures. “When do businesses start dealing with labor shortages by raising wages?” Read more

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On Cusp of Monthly Jobs Report, ADP Reports Good News

Job-SearchThe Department of Labor will release its monthly data tomorrow and ADP is sharing news that September turned out better than expected!

The payroll company says private sector hiring picked up a little in September. This marks the sixth consecutive month of gains surpassing 200,000. What does this mean exactly? According to a MarketWatch piece, this signifies a sign of strength and growth for our economy.

In September, the private sector added 213,000 jobs. In August they added 202,000 jobs. Economists originally expected a gain of 209,000 last month, so the actual number of 213,000 sounds pretty darn good to us!

Monthly Jobs Report Shows Economy Plodding Along

relocate jobOn Friday the Department of Labor released its monthly data and let’s just say things seem to be plodding along.

Employers added 142,000 jobs in August which is below the 226,000 average increase from previous months. In addition, the unemployment rate fell to 6.1 percent which represents the lowest level in nearly six years. Read more

Research Shows Job & Lifestyle Pessimism After Great Recession

flagAlthough it’s a Tuesday and certainly feels like a Monday, we’ll take it! The countdown to the next weekend has begun and it definitely doesn’t feel like summer is over. At least that’s what we keep telling ourselves anyway. See where we’re going with this? Positivity.

We like to look at the bright side of things here at MediaJobsDaily which is why this new research study was a little hard to stomach. Yes, it’s reality but still a little too bleak for our taste.

Here’s why: The John J. Heldrich Center for Workforce Development at Rutgers University released their research basically showing most Americans conclude our economy has permanently changed for the worse after the recession. Read more

Majority of New Jobs Pay Higher Than Average Wage

moneyWant some good news on this Monday afternoon? Who doesn’t, right? Let’s face it we’re going to dish it out anyway.

According to MarketWatch, the economy isn’t just adding jobs at a fast pace. It’s adding jobs that pay even better than they have in previous years!

More than half of the new jobs created in 2014 are paying higher than the hourly U.S. wage. Per the data, 58 percent of the new jobs pay more than the average hourly wage of $24.45. This is comparison to last year’s numbers of 48 percent.

Per the piece, this year businesses are focusing on extending job offers to more white collar employees. Health care is still strong and financial services has picked up its pace.

 

Jobless Claims Rise During Holiday Week

job searchAccording to a story on Bloomberg, more Americans filed applications for unemployment benefits last week than originally anticipated. Apparently the Easter holiday break made it difficult to ascertain data for seasonal deviations.

For the week ending April 29, jobless claims increased by 24,000 for a total of 329,000. As per 44 economists surveyed by Bloomberg, they predicted a number of 315,000. A Labor Department spokesperson indicated to the press that it’s hard to quantify numbers from year to year during spring holidays. Read more

Unemployed & Pounding the Pavement? Survey Says Only 11 Percent Will Land Full-Time Jobs

unhappy-computer-keyAs we roll into the weekend, we want to end the week on a good note. Alas, the economy doesn’t make that easy. Per a new study conducted by three Princeton University economists, Americans who have been unemployed for more than six months are in the minority of landing a full-time job.

That is, 11 percent of this population will regain steady employment. The number of long-term unemployed equates to 3.8 million people which is technically 37 percent of Americans who are unemployed.

Furthermore, the long-term unemployed are more than twice as likely to stop looking for a new job than to find one. Researchers also mentioned when this population leaves the labor force, they’re more likely to say they don’t even want a job any more. Read more

Department of Labor’s Monthly Jobs Report Reveals Decent News

megaphoneThree cheers for Friday! And the monthly jobs report from the U.S. Departmetn of Labor which marked an improvement from January.

As per CNN, the 175,000 new jobs last month topped economists’ anticipations. Considering the winter has been colder than normal, economists were expecting smaller numbers. It’s amazing how weather can impact the bottom line whether it’s closed offices or cancelled flights. Businesses can lose power, consumers may stay inside instead of eating out and your productivity may plummet as you temporarily “work” from home (and by that, we mean surfing social media).

In particular, for industries impacted by weather such as construction, numbers were surprisingly decent. Construction added 15,000 jobs whereas restaurants and bars added 20,100 jobs and education and health services added 33,000 new opportunities. Read more

Per New Survey, Executives Continue to Age in Roles & Delay Retirement

older execsIf you look around at executives and notice they may be a bit older than leadership in the past, you’re right. A new study shows that their age is on the rise. Perhaps we can attribute that to a delayed retirement courtesy of the recession.

According to The Wall Street Journal, research from the University of Pennsylvania’s Wharton School and Madrid’s IE Business School shows executives’ ages are on the rise. Not only that, the time spent in each role is also increasing as they’re staying longer in their current roles. Read more

Decrease in Number of Self-Employed Workers Since Recession

LifeAsFreelancerAccording to a new survey conducted by CareerBuilder, self-employment grew tremendously between 2001 and 2006 but has been on the decline lately.

There are approximately 10 million self-employed jobs in our country representing 6.6 percent of all jobs but that number is down from 7.2 percent in 2006. Read more

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