The U.S. Jobs Market – The Ups and Downs and Real Numbers

May 7th, 2012

Unemployment figures were released on Friday (5/4/2012) for April 2012 and the market fell as well as the moods of many economists.  However the real story behind the numbers is more complex.

The overall unemployment number for April 2012 is 8.1% and the unemployment figure for college graduates is 4% down from 4.5% in April 2011.  High School Graduates now have an unemployment number of 7.9% down from 9.7% same time last year.

In April 2012, retailers added over 29,000 jobs, restaurants and bars added 20,000 employees and temp agencies hired 21,000 and manufacturing  added 16,000.  However government jobs declined again.

And there are jobs that go unfilled because the openings do not match the skill set of the unemployed. Education is more and more important and the countless articles debating the high price of education add to this debate.  However the numbers speak for themselves – 4% unemployment for college graduates vs 8.1% on a national level.

It is more and more critical that candidates continue to receive an education and vocational training in order to find a job in today’s economy.  We have requests for digital media professionals as well as digital analytics.  And we are seeing jobs all over the U.S.

227,000 new jobs created February 2012

March 12th, 2012

February 2012 was another good month for jobs – over 227,000 were created and the unemployment rate remained @ 8.3%

Manufacturing added 31,000 jobs in February 2012 – and since this same time last year over 227,000 more jobs in manufacturing have been added to the US economy.

Retail was down but to be expected after holiday layoffs and overall there are more than 195,000 jobs created in the retail sector.

Professional and business services added 82,000 positions in accounting, management consulting, computer systems etc. and these tend to be higher paying ones.

And the unemployment rate for 25-34 young adults dropped from 9.0% to 8.7% – lowest level in 3 years.  We still have a long way to go in creating jobs but each month the news gets better.

In advertising and media, the demand for strong media professionals is excellent across the country.

Unemployment Drops to 8.3% – 243,000 Jobs Added

February 3rd, 2012

Although it seems like the longest recession on record, the economy has been improving and over 2 million jobs have been added since the layoffs began.

January 2012 unemployment figures were just released and over 243,000 jobs were added and the unemployment number fell to 8.3% – this is the lowest recorded number in 3 years – Feb 2009.  And the number of overall unemployed individuals fell to 12.8 million – also a 3 year low.

The gains in employment were in every industry: Construction added 21,000 workers, professional services added 70,000 jobs and manufacturing added 50,000 jobs.

Look for the automotive industry to continue to add workers as plants re-open or add more shifts.  Consumers are beginning to trade in older cars for newer models.

We still have a long way to go to reach full employment and although the news today is positive it isn’t enough for many of the unemployed who have been out of work for over 6 months.

1.64 Million Jobs Added in 2011

January 6th, 2012

Unemployment numbers for December 2011 and the year were released today to much applause.

Over 1.64 million new jobs were created in 2011; the biggest number since 2006.  However it is only partially good news since over 8 million jobs were lost during the recession.

And in December 2011 200,000 jobs were created bringing the unemployment rate down to 8.5%.

The breakdown of ‘where the jobs are’ is interesting and not all of the 200,000 December jobs were retail related.  In fact,  manufacturing added 23,000 jobs and also healthcare.  Construction added 17,000 and retail was high with 28,000 new jobs.

There does appear to be an uptick in consumer confidence and a definite increase in auto sales.  With this good news, we hope employers will continue to hire into 2012 and the unemployment number will fall.

We are seeing a demand across the country for Digital Managers as well as Media Planners and other levels of media professionals.

Entry Level Hiring is Picking Up

November 22nd, 2011

Good news for recent college graduates.  An article posted on WSJ online indicates large/private companies are planning to increase hiring for recent college graduates in the coming year.  And we have seen a number of individuals in media/advertising secure positions with advertising agencies and media companies in the last few months.

Companies with over 4,000 employees are expected to increase entry level hiring 6% or more however at the same time, schools, educational organizations, etc are cutting back on hiring of new teachers.  And at a time we need teachers more than ever, schools don’t have the resources to hire.

Some of the best opportunities for entry level/college graduates are with technology and engineering companies and in media, digital continues to have the need for individuals who are interested in research and analytics.

More People Leaving Jobs Willingly

November 9th, 2011

The  job market is picking up and more people are finding new jobs.  In fact, In September 2011 more people willingly changed positions.  “Total quits rose in September 2011″ -highest number since 2008  (New York Times 11/9/2011).  This is a good indication that potential job candidates and employees feel confident they will find new positions or a better one.

And job openings in September 2011 were at the highest level since August 2008 – up 22% from the same time last year.

As we approach the end of 2011 many people stop looking for new positions.  However we believe this is one of the best times of year to network.  Many companies begin planning for 2012 and anticipate openings.  Interview, schedule informational meetings and update resumes as 2012 should be a good year for hiring.

October 2011 – More Employees Added

November 2nd, 2011

Good news, in advance of the October 2011 Unemployment Figures, released today from ADP. Employers added 110,000 jobs in October – better than expected or anticipated.

Private companies vs Federal/State Jobs are important because over 70% of all jobs created in the US are with private companies.

Some of the companies surveyed included FedEX which added staff and intends to add more to handle the holiday rush. And the automotive companies have just released numbers showing sales were also up in October.

All of these are positive signs that we are moving in the right direction. However no one believes the unemployment rate is going to drop dramatically soon. It remains over 9% and will hopefully drop over time.

Holiday Spirit – Stores are Hiring!

October 5th, 2011

Positive news in retail today.  The New York Times reported stores are beginning to hire for the holidays and the numbers are better than last year.  And in spite of a flat or weak economy, consumers keep shopping. 

Some of the numbers aren’t that significant but Macy’s is expecting to hire almost 78,000 seasonal employees and Target might add more than 92,000 more people!

Stores are already beginning to establish a holiday presence and last night I saw a pop-up “Toys R Us” store in a mall.  Every time a new store opens and employees are hired, this is good news for our economy.

Work Emails vs Personal Emails

August 24th, 2011

We all know this or at least have read about the laws but it never hurts to be reminded.

Emails written on your work emails are consider the property of your employer.  Never look for work, respond to requests for interviews etc using your work email! 

You would think employees of the Civil Rights Commission would be savvy enough to know the laws but apparently three people in Iowa were terminated after using work emails for personal correspondence and writing catty comments about co-workers.  And as a reminder – “personal emails should be kept on your personal account and not your work one.”  “An email can be used as evidence.”

The fired employees were denied unemployment benefits due to the nature of the termination.  Most of us have personal accounts and i-phones or other devices and best to respond to emails this way.

Unemployment Claims Drop….New Low

August 11th, 2011

Good news at last this week;  it is hard to think positive thoughts when the TV pundits are declaring the end of the world due to the financial crisis.  I get it – things are bad and we are in uncertain times.  But the last time I looked, the stores are packed.  And the Sidewalks on Michigan Ave are filled with shoppers carrying bags.

Today we got some good news: “the number of people seeking unemployment benefits dropped to the lowest level in 4 months.”  This was an unexpected drop and helped the Stock Market come back after yesterday’s heavy losses.

We are continuing to see a demand for digital media professionals across the country and the most active markets are Seattle, Boston & New York.  Hopefully this will continue as we approach 4th Quarter 2011.