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Category Archives: Unemployment
Visual: United States Unemployment Rates for Metropolitan Areas – Nov 2008
Posted in Unemployment, Workforce Trends
Tagged Layoffs, North America, Unemployment, United States, Visual
US Employees Earn Least Amount of Severance
A new global study by Right Management has found that employees laid off in the United States earn the least amount of severance pay worldwide – no matter what level of employee or amount of tenure with the organization. Right Management is the world’s leading provider of integrated human capital consulting services and solutions across the employment lifecycle.
The global study across 28 countries draws from more than 1,500 responses from human resource professionals and senior managers responsible for making severance decisions in their organization, including 456 from the United States. US-based employees consistently earn less severance per year of service than colleagues around the world. Top executives earned as little as 2.76 weeks of severance per year of service, compared to a worldwide mean of 3.39 weeks per year of service. The disparity increases as the level of employee decreases.
To continue reading and see all of the study results click here.
Highest / Lowest Unemployment Rates Nov 2008
The Riverside-San Bernardino-Ontario area in Southern California recorded the highest jobless rate in October, 9.5%, among metropolitan areas with a population of 1 million or more, the U.S. Bureau of Labor Statistics reported today. The Washington DC metropolitan area, which includes Arlington and Alexandria VA, posted the lowest unemployment rate at 4.1%.
El Centro CA, also in Southern California, posted the highest jobless rate among metropolitan areas of all sizes in October at 27.6%. Bismarck ND had the lowest at 2.2%.
Overall, 361 of the 369 metropolitan areas reported higher unemployment rates in October than a year earlier. Eight reported lower rates.
The $100,000 Job Search: How the High-End Unemployed Cope
The more you make, the more’s at stake. People accustomed to six figure salaries are increasingly among those seeking jobs, as the financial sector crumbles and drags down thousands of related white-collar positions. When Citibank announced recently that it was showing some 50,000 employees — many of them highly paid executives — the door, the departing bankers joined more than 20,000 that Citigroup had already laid off this year. Then there’s the chorus of layoff announcements from other financial firms, from Morgan Stanley to AIG, and suit-count cuts at non-financial firms, from GM to Boeing. Overall, more than 2,100 companies fired at least 50 people in October alone, leaving some 230,000 people suddenly out of a job. That’s why so many $200 pairs of shoes are out pounding the pavement.
But the hiring machine hasn’t shut down altogether. Even as the number of Americans filing for unemployment benefits approaches a 26-year high, there are still a sizable number of jobs open for reasons unrelated to the economic turmoil. “With people leaving, retiring, and taking other jobs, you still have to have a director of sales, a VP of marketing and a CFO position to fill,” says Marc Cenedella, founder of TheLadders.com, a subscription service that lists jobs paying more than $100,000. “Companies may not be making expansionary or discretionary hires,” says Cenedella of the high-end market, “but with natural turnover, there may be 3.2 million hires a year instead of 4 million in a normal market.”
You’re not Getting the Job – 25 Reasons Why
You’re not getting the job — 25 reasons why
By Anthony Balderrama
When you’re job hunting, you can go mad if you think about the amount of factors beyond your control that affect your chances of getting hired.
The economy, your location, industry trends — even the hiring manager’s mood — can influence whether or not you get a job.
Still, as nice as it would be to blame your lack of offers on external factors, you can’t forget that common denominator in your job hunt — from the résumé to the interview — is you.
Here are 25 ways you might be unknowingly sabotaging your own job search:
The first steps
1. Not keeping track of your accomplishments
When you’re happy with your job, it’s easy to forget about possible future job hunts. You never know when you’ll end up looking for new work, and if you don’t keep a running list of awards, promotions and accomplishments, you might not remember them when it’s time to update your résumé.
2. Leaving on a bad note
As much fun as it is to fantasize about telling off a bad boss, don’t actually do it. Leaving a trail of angry bosses or co-workers will come back to haunt you when you need references.
3. Not networking
If you’re silent about your job search, your friends, family and colleagues won’t think of you when they hear about job opportunities.
4. Only using the Internet
Online job boards are fantastic resources, but you need to do some footwork if you want to increase your chances of finding a job. Contact companies whom you’d like to work for, even if there are no job listings. Not all companies advertise openings online.
5. Only searching for the perfect job
Yes, your job search should be focused. After all, applying to every job posting that comes your way is a good way to waste time but not an effective way to find a job you want. However, if you approach your job hunt unwilling to accept anything less than the precise job title, pay, vacation time and hours you want, you’re setting yourself up for disappointment.
To read the other 20 reasons click here.
HT: CNN.com
Visual: Best and Worst States for Unemployment Rate
Click on Picture to enlarge.
Highest / Lowest Unemployment Rate in the Country
The Riverside-San Bernardino-Ontario area in Southern California posted the highest unemployment rate in August, 9.2%, among metropolitan areas with a population of 1 million or more, the U.S. Bureau of Labor Statistics reported today. The Detroit area, which had posted the highest jobless rate among large metro areas for some time, reported the second-highest at 8.8%.Oklahoma City registered the lowest unemployment rate among large metropolitan areas at 3.8%.
Sioux Falls SD reported the lowest unemployment rate among metropolitan areas of all sizes in August at 2.6%. El Centro CA, another area in Southern California, posted the highest jobless rate of all in August at 24.7%.
Overall, 354 of 369 metropolitan areas reported higher unemployment rates in August than a year earlier. Thirteen reported lower jobless rates, and two were unchanged.
Posted in Unemployment, Workforce Trends
Tagged Highest Unemployment, Jobless Rate, Lowest Unemployment
The Phony Jobs Report
TrimTabs employment analysis, which uses real-time daily income tax deposits from all U.S. taxpayers to compute employment growth, finds that the U.S. economy added 92,000 jobs in August. Meanwhile, the Bureau of Labor Statistics (BLS) reported Friday that the U.S. economy lost 84,000 jobs in August.
We believe the BLS estimates are wrong. Due to its flawed methodology, the BLS is missing the current pop in employment caused by the rapid decline in crude oil prices. The sectors of the economy that are still hiring are government, education and health care and companies that export goods and services.
The uptick in employment this past month does not mean that the U.S. economy has hit bottom and is exiting the current downturn. In all likelihood, last month’s positive employment growth will disappear as corporations respond to declining consumption cash due to the lack of home equity, tough credit conditions and high energy prices.
Posted in Unemployment, Workforce Trends
Tagged Jobs Report, Labor Statistics, Unemployment
A Visual of the Employment Slump
Original Source: Business Week
Posted in Unemployment, Workforce Trends
Tagged Employment Statistics, Layoffs, Unemployment, Workforce Metrics
Visual Map of North America Unemployment
Posted in Unemployment, Workforce Trends
Tagged North America, Unemployment, Visual Map
Washington Area Posts America’s Lowest Jobless Rate
The Washington DC metropolitan area registered the lowest jobless rate in June, 3.9%, among U.S. metropolitan areas with populations of 1 million or more, the U.S. Bureau of Labor Statistics reported today. Detroit posted the highest jobless rate among large metropolitan areas in June at 9.7%. Sioux Falls SD had the lowest unemployment rate among metropolitan areas of all sizes in June at 2.3%. The area with the highest jobless rate in June was El Centro CA at 22.6%.
Overall, 332 of 369 metropolitan areas reported higher unemployment rates in June than a year earlier. Twenty-seven reported lower jobless rates, and 10 were unchanged.
Posted in Unemployment, Workforce Trends
Tagged America, Lowest, Unemployment Rate, Washington
Jobs With the Lowest Unemployment Rate
With the increasing amount of uncertainty that seems to be prevailing most workers today. I thought it would be interesting to put up which jobs have the lowest unemployment rate in the country. While no job is as safe as we would want it to be I have to admit to being surprised by some on the list. If you work in any of these job categories I would love to hear your thoughts on why you think your job is on the list.
