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Posts Tagged ‘recession’

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.

 

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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

New ADP Report Shows Job Growth

job searchAs 2013 winds down, there’s good news to share. According to an ADP report issued yesterday, the U.S. private sector added 215,000 jobs in November.

Numbers are based on literally millions of paychecks ADP handles each month. As for the really good news? The number was approximately 40,000 to 50,000 higher than predictions by economists, so says Business InsiderRead more

Survey Shows Almost Half of 50+ Crowd Aims to Delay Retirement

moneyAnother day, another survey.

According to a survey conducted by the Associated Press-NORC Center for Public Affairs Research, 69 percent of job seekers over the age of 50 indicated there’s a lack of jobs.

Plus, 63 percent indicated it’s challenging to find jobs that pay enough and 53 percent reported it’s hard finding jobs with sufficient benefits. As for feeling overqualified, 32 percent were actually told they have too many qualifications. Read more

Three Signs You Might Get the Pink Slip

firedIf you’ve ever gotten the pink slip, raise your hand!

Now that we’re all friends and have been there/done that at one time or another, it’s likely there were signs ahead of time. Whether or not we chose to ignore them is another topic but a few indicators were probably alive and well.

Per this piece on BBC, there are a few clues that can give you the heads up as to whether or not a reduction in force is going to happen. Granted, we don’t want to create panic but instead it’s the notion of proceeding rapidly with caution and circulating that resume. Read more

New Survey Reveals Decline in Living Paycheck to Paycheck

moneyThere’s good news to report today!

According to a recent CareerBuilder survey, the number of U.S. employees who live paycheck to paycheck continues to drop. Per the respondents, 36 percent reported they always or usually live paycheck to paycheck. Last year’s numbers came through at 40 percent. This year’s percentage is even more significant because the 2008 numbers reflected 46 percent!

The survey encompassed almost 3,000 full-time employees in the private sector. There’s more good news because 24 percent of respondents revealed they never live paycheck to paycheck.  Read more

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