Posts Tagged ‘recession’
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Another 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
If 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
There’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
There’s good news on the horizon for everyone keeping score with the economy.
As per CareerCast’.com/JobSerf’s Employment Index, national hiring climbed by 4.9 points in February. What exactly does this mean? Compared to a 2.2 increase in January it’s on the way up and reflects job growth across the country. Read more
As the month comes to a close, according to The Associated Press, a private survey showed that businesses have increased hiring this month compared to December.
Here’s the skinny: ADP said that employers added 192,000 jobs in January. As for last month’s revised number, it peaked at 185,000. (The initial report was 215,000 for December.) Read more
Cuts have been proposed at The Philadelphia Inquirer and Daily News to the tune of $28 million.
Here’s an excerpt:
“As you heard me say many times, these are challenging days for the media industry, our newspapers and Philly.com. I am still optimistic about our future, but fully recognize that we will need to make substantial changes in the way we do business to succeed in a very competitive and economically challenging marketplace.”
Pointing out a successful relocation of offices to 801 Market Street, Hall pointed out a research project, launching new products, and new labor contracts.
“As I said previously, these talks will be the toughest challenge we have ever encountered as a company. We need to change many practices and cost structures to meet industry standards. These changes are critical if we want to survive, maintain jobs, and grow our company. This will include substantial tasks for the management of the company, leaders of the various unions, and all employees. There will also be substantial changes in management and non union employees as we restructure the entire organization.”
The letter continued but essentially, he concluded by emphasizing the need to “dramatically reduce costs and restructure our operations.”