High unemployment in the U.S. stubbornly lingers — bad news for the politicians running for reelection as midterm elections are fast approaching. And panicky policymakers seem to be leaning even harder on the usual job-creation tools, like forcing down interest rates, despite this strategy’s sketchy track record in boosting employment so far. In a move [...]
A Hopeful Outlook for Retailers’ Holiday Hiring
Though hiring remains anemic in many U.S. industries, one area is showing promise: retail. Two consecutive months of sales gains among the nation’s retailers may provide just enough confidence to trigger increased seasonal hiring this year, according to employment-trends research firm Challenger, Gray & Christmas. Challenger cautions, however, that number of retail workers to be [...]
Bank of America Reportedly Planning Layoffs
Bank of America (BAC) is reportedly laying off as many as 400 people as revenue from trading and advising clients falls. Bank of America, the country’s largest bank by assets, is laying off people ranging from junior analysts to managing directors, Bloomberg News said without naming its sources. See full article from DailyFinance: http://www.dailyfinance.com/story/credit/bank-of-america-laying-off-400-workers/19642146/?icid=sphere_copyright&icid=sphere_copyright
‘The new unemployables’: Workers over 50
Patricia Reid is not in her 70s, an age when many Americans continue to work. She is not even in her 60s. She is just 57. But four years after losing her job she cannot, in her darkest moments, escape a nagging thought: she may never work again. College educated, with a degree in business [...]
Need a job? Head to Washington, D.C.
Looking for a job? You might want to head to the nation’s capital city. Employment in the District of Columbia is up 3% this year, outpacing every other state in the nation. Last month alone, D.C. posted a gain of 17,800 jobs, up 2.5% from July — the country’s biggest gain. “The stability that D.C. [...]
Create a resume in 6 seconds with Facebook and Docs.com
Creating a resume can be a long and arduous process, especially if you aren’t sure of the correct formatting and information to include, but thanks to Facebook and Docs.com you can create a resume in about 6 seconds. See full article from WalletPop: http://srph.it/cOSbuI
Top 10 Job Scams that Target the Unemployed
Rarely has there been a riper time for con artists to come out of the woodwork to lure unsuspecting victims into their lairs, with such advertisements as “easy ways to make money”, “quick money”, and “how to earn money fast.” The reason: The U.S. unemployment rate has been hovering around 9.6% and millions of Americans [...]
Future hiring will mainly benefit the high-skilled
Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay — or none at all. Job creation will likely remain weak for months or even years. But once employers do step up hiring, some economists expect [...]
Where the jobs are now, and where they’ll be next
FORTUNE — U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally [...]
Rising pay, benefits drive growth in military towns
USA TODAY: Rapidly rising pay and benefits in the armed forces have lifted many military towns into the ranks of the nation’s most affluent communities, a USA TODAY analysis finds. The hometown of the Marines’ Camp Lejeune — Jacksonville, N.C. — soared to the nation’s 32nd-highest income per person in 2009 among the 366 U.S. [...]