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Posts Tagged ‘unemployment’

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

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The post Featured Post appeared first on MBToolBox.

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

Monthly Jobs Report Reveals Slight Uptick in Unemployment

Job-SearchThe U.S. Department of Labor released its monthly job report this morning and although the unemployment rate increased to 7.3 percent, the good news is that employers have added 204,000 jobs.

This number of job addition was significantly higher than original estimates.

According to ABC News, economists surveyed prior to the report anticipated 120,000 added jobs and an unemployment rate of 7.3 percent. Read more

Knowing Your Rights Regarding Forced Resignations

If you feel like you’re being forced to sign a resignation letter courtesy of your employer providing it, a piece on AOL Jobs attempts to set the record straight with several important items to think about.

1. Are you being offered a package? If you’re not, what’s the benefit to your resignation? The piece suggests letting them fire you instead so you’ll “at least get unemployment.” Read more

Instead of Doling Out Pink Slips, Some Japanese Companies Put Employees in ‘Banishment Rooms’

We shouldn’t live in a bubble so what you’re about to read will bring a new perspective to a basic conference room. While some Japanese companies are reluctant to show employees the door, they embrace banishment rooms.

Looking to pink slip an employee? Fughettaboutit! As per the Asahi Shimbun, companies are transferring surplus employees and giving them mundane tasks to accomplish. The goal is for employees to reach a point of despair and simply quit on their own.

And we’re not talking about boutique companies. As mentioned in the piece, two subsidiaries of Panasonic Corp., Hitachi Ltd., Sony Corp., an NEC Corp. subsidiary and Seiko Instruments, Inc. have all employed banishment rooms. Read more

Uptick in February Hiring Looks Good for Economic Recovery

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

Data Reflects Decrease in Americans Seeking Unemployment

Maybe this week will end on a good note? According to data released by the Labor Department, last week weekly unemployment benefit applications dropped by 37,000.

The seasonally adjusted number of 335,000 is technically the lowest level since January 2008!

This could perhaps mean that the job market is finally on the upswing.

That said, as per a piece by The Associated Press, applications in January can be misleading. Pink slips sometimes occur in the middle of the month when restaurants and retail companies let go of their holiday workers.

New Survey Reveals Hiring Obstacles for Job Hoppers

Ever wonder if stints on your resume adding up to less than 12 months each look bad in the eyes of a recruiter? Wonder no more.

According to a new Bullhorn survey of 1,500 hiring managers and recruiters, 39 percent of recruiters indicate job hopping is indeed a problem to landing a new gig.

They say “the single biggest obstacle for an unemployed candidate in regaining employment is having a history of ‘hopping jobs,’ or leaving a company before one year of tenure.” Read more

New Jobs Report Shows Dip in Unemployment Rate

Happy Friday one and all! At the end of a laborious week (kind of ironic since after all, it was Labor Day on Monday), the new numbers have been released.

According to the latest job report, American employers added 96,000 jobs last month which could be viewed as a weak stat. That said, unemployment dipped to 8.1 percent; in July the percentage was 8.3. However, it could be interpreted the number dropped because more people stalled their job searches.

John Silvia, chief economist at Wells Fargo, told The New York Post, ”This weak jobs report is going to feed into (the Fed’s) argument that the economy is growing at a sub-par pace.”

Five Things to Do While You’re Unemployed

Okay, the summer is officially in full gear which isn’t such a good thing for job seekers. Although more temporary assignments may be available, this means hiring managers are away, job requisitions are on hold, and it seems like everything may be on hold until Labor Day and beyond.

Never fear! For unemployed job seekers, there are five ways to make the most of your down time.

According to a piece on Forbes, for starters, you can take temporary work. Andy Teach, the author of From Graduation to Corporation: The Practical Guide to Climbing the Corporate Ladder One Rung at a Time, explained to Forbes, “If you do a great job, even if it’s for a temporary job, whoever hired you is more likely to recommend you for a permanent position.” Read more

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