Tag Archive | "recession"

Employee Retention & the Improving Economy

Employee Retention & the Improving Economy

42-15529600Talent Management is changing and forward-thinking companies must begin preparing for the changing job market.  Over the last several weeks, the news publications and news networks have begun reporting positive changes in the economic markets.  The Globe and Mail reported last week, that as the economy improves, we will see a “W” shaped recovery.   A W shaped recovery has a large dip which we have already experienced, followed by a rise, and follow by another dip before we return to a stable and improving economic environment.  According to EconomyWatch there are almost as many alphabet letters as potential economic recovery scenarios from V, W, U, S, and L.  Being an optimist, a realist, and not an economist, I believe what we are currently experiencing is a V recovery although slow.  And based on my non-economic assumptions and research, my belief is that in Q2 of 2010 we will begin to see the job market drastically changing.

In this recession, employees were thrust into the job search as collateral damage from corporate cost cutting strategies.  Candidates were forced to take lesser positions resulting in lower salaries and benefits in order to feed their families and survive.  As the economy being to improve and positions are added, these job seekers will re-enter the marketplace often with short tenures at their previous companies in search of increased benefits, flexibility, and compensation.  Job hopping and gaps in employment won’t be near as important factors in considering candidates as previously.  As successful business leaders, we must consider the following to compete in the changing job market and consider employee retention and recruiting strategies in this new economy.

  • Poll our employees. These high performing and under paid employees who either entered the workforce after being restructured or laid off will be in high demand.  Determining what is most important is extremely crucial to lessening and planning for increased turnover.  As American’s have spent less, what’s important has changed.  Do not assume that salary is most important, scheduling, benefits, and personal development are also motivating factors in ensuring employee retention.  SurveyMonkey offers a low cost way to survey your employees and determine their wants, needs, and desires for as little as $200 a year.
  • Seek feedback. It’s one thing to survey current employees to determine what’s important.  It’s another to actually have a conversation either in a group setting or individually to dialogue and learn more.  Host meetings with your teams, be open, and allow them to speak freely about what’s important.  Employees who feel valued and empowered are much more productive than those that are managed by fear.  They are also less likely to leave their current company.
  • Take action. All the meetings and surveys in the world can’t convince employees that you mean business.  Develop an action plan based on their input and over communicate your plans as well as your reasoning behind them.  In my experience, sometimes the smallest things can make a difference.  Be creative in your actions and make decisions with your employee demographic in mind.  Adding a $500 gaming system to your break room can be a difference maker to Gen Y employees while offering financial and newspaper magazine subscriptions can appeal to the Boomer and more traditionalist generations.
  • Follow Up. Communicate, communicate, and communicate some more.  Follow up with your staff quarterly being open to recommended changes and feedback along the way.  Yes, following up takes work, but so does interviewing and training new employees.  How do you want to spend your time in 6 months after losing over half your staff to new opportunities?
  • Build a Candidate Pipeline. Not every employee is motivated by gaming systems and magazine subscriptions.  Being reaching out and building relationships with performers in positions and industries you may be interested in recruiting over the next 6-12 months.  Develop a strategy to engage these potential candidates as a way to seek out referrals and develop a brand within your industry niche.  You don’t have to spend a lot of money to host a networking event, pick up the phone, or work with your local university.  As we have seen in the rise of social media platforms like LinkedIn, Twitter, and FaceBook, it’s the relationship that matters.

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Economic Stimulus Update Amist January Jobs Report

January’s jobs report was just released this morning with 598,000 job lost and unemployment at 7.6%. Most consider the silver lining to be the progress regarding the new economic stimulus package. For the unemployed or recently unemployed, here are the details on how it will affect your unemployment and benefits:

  • Weekly Unemployment. This stands to increase by roughly $25 per week federally. Some states are pushing to supplement and increase their own unemployment benefits separately as well in the form of a state separate stimulus package.
  • Extended Unemployment Benefits. Unemployment typically lasts 26 weeks. The proposal seeks to extend the ability for individuals to receive an additional 20 weeks of unemployment for those who file until Dec. 31, 2009 instead of the original March 31, 2009. The extended unemployment benefits are available to those that reside in states with unemployment percentages greater than 6% which includes 34 states as of Dec. 2008.
  • Access to Subsidized Health Insurance. The average cost of COBRA is $1,000 per month. The bill would allow subsidized premiums of 65% for a year. The benefit would apply to those who lose their jobs between September 2008 and the end of 2009. Those who income is 200% the federal poverty guidelines could be eligible for Medicaid. The benefit, paid for by the federal government, would apply to those who lose their jobs between September 2008 and the end of 2010. Interested in what the Federal poverty lines are? Click Here.

Want to know more. Visit www.cnnmoney.com for the entire article and more information.

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Dec. Unemployment Highest Since ’82

Number of Americans filing for state unemployment benefits rises to a 26-year high of 586,000, according to Labor Department.

NEW YORK (CNNMoney.com) — The number of Americans filing for first-time unemployment benefits rose to a 26-year high last week, according to a government report released Wednesday.

The Labor Department said that initial filings for state jobless benefits rose to 586,000 for the week ended Dec. 20. That was an increase of 30,000 from the 556,000 revised figure for the prior week, and up from a recent high of 575,000 claims reported earlier this month. Wednesday’s report revealed the highest number of jobless claims since Nov. 27, 1982 when initial filings hit 612,000. Economists were expecting jobless claims to rise to only 558,000, according to a poll by Briefing.com.

This week, the report was released a day early due to the Christmas holiday on Thursday.
The weekly jobless claims report can give economists one of the most up-to-the moment reads on the state of the U.S. economy. And the increasing number has some worried that consumers may further tighten their wallets.

“It’s likely to get worse before it gets better,” said Carl Riccadonna, senior U.S. economist with Deutsche Bank.

In fact, consumer spending fell for the fifth straight month in November, according to the Commerce Department.

“Without consumers turning around, the economy’s not going to turn around,” Riccadonna said.
Over the past four weeks, new unemployment claims have risen to an average of 558,000 a week, up 13,750 from the revised moving average of 544,250 reported last week.
The four-week moving average is designed to smooth out some of the week-by-week fluctuations in initial claims statistics, and give a broader view of the U.S. job market.
The number of people continuing to collect unemployment declined to 4.37 million in the week ended Dec. 13, the most recent data available. The measure was a decrease of 17,000 from the preceding week’s revised level of 4.39 million.

Over the previous four weeks the number of people on unemployment averaged 4.32 million a week, the government said.

The number of new jobless claims rose the most in Oklahoma, rising by 1,590, the Labor Department said.

North Carolina saw jobless claims fall the most, by 20,526, due to fewer layoffs in the construction, manufacturing and materials industries.

A weak economy causes companies to layoff workers, which causes people to tighten their spending, which weakens the economy even further.

It’s a “negative feedback loop,” said Riccadonna, and one of the only things that can get us out of it would be a “‘shock and awe’ fiscal stimulus package” from the federal government.

President-elect Barack Obama said last week his administration would try to generate 3 million jobs over the next two years as part of an economic stimulus plan that some economists estimate could cost as much as $800 billion.

–www.cnnmoney.com

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Lost: 1.9 Million Jobs

NEW YORK (CNNMoney.com) — The economy shed 533,000 jobs in November, according to a government report Friday – bringing the year’s total job losses to 1.9 million.

November had the largest monthly job loss total since December 1974.

“This is a dismal jobs report,” said Keith Hall, commissioner of the Bureau of Labor Statistics, at a congressional hearing. “There’s very little in this report that’s positive. This is maybe one of the worst jobs reports the Bureau of Labor Statistics (founded in 1884) has ever produced.”

The just-under 1.9 million jobs lost in the current recession, which began in December 2007, surpasses the 1.6 million jobs lost in the 2001 recession. That’s noteworthy, because jobs were cut in droves in 2001 during the dot.com bust, which followed a white-hot employment market during the tech boom of the late 1990s.

But the job market expansion leading out of the previous recession was drawn out and tepid, so the jobs lost now are more at the core of the nation’s economy – a perilous sign.

According to the Labor Department’s monthly jobs report, the unemployment rate rose to 6.7% from 6.5% in October. Though lower than economists’ forecast of 6.8%, it was the highest unemployment rate since October 1993. The rate is compiled in a separate survey from the payroll number.

Revisions

Economists surveyed by Briefing.com had forecast a loss of 325,000 jobs in the month.
Revisions to the two prior months brought more dismal news. October’s job loss was revised up to 320,000 from 240,000, and September was revised up to 403,000.

The revisions brought the 3-month job loss total to 1.3 million. That’s equal to two-thirds of this year’s total job losses and the third highest, three-month job loss total since World War II.
November’s report provided the first glimpse at employers’ reaction after the peak of the credit crisis, reached in mid-October. With credit largely unavailable and expensive, consumers scaled back their spending, dragging down manufacturing and construction businesses.

Travel has also been trimmed, with would-be vacationers opting to stay close to home.
Job losses were spread across a wide variety of industries: manufacturing, leisure and hospitality, construction and even, in the midst of the holiday shopping season, retail.
Also seeing sharp declines were professional and business services, a category seen by some economists as a proxy for overall economic activity, and financial services, at the heart of the current crisis.

Deeper cuts likely to come

With the economy in a recession and most economic indicators signaling even more difficult times ahead, economists say job losses will likely deepen and continue through at least the first half of 2009.

Citing weak economic conditions, a slew of large-scale job-cut announcements came this week. On Thursday alone, AT&T (T, Fortune 500), DuPont (DD, Fortune 500), Viacom (VIA), Credit Suisse (CS) and Avis (CAR, Fortune 500) announced cuts that totaled nearly 23,000 jobs lost, most of which will take place over the next several months.

According to a report by the outsourcing agency Challenger, Gray & Christmas, planned job cut announcements by U.S. employers soared to 181,671 last month, the second-highest total on record.

Temporary employment, including workers employed by temp agencies, fell by 100,700 jobs last month, the highest on records that go back to 1985. That could mean even more full-time payroll reductions to come, as employers often cut temporary workers before they begin cutting permanent staff.

Tig Gilliam, chief executive of placement agency Adecco, the nation’s third-largest employment agency, said employers are trying to position their companies to weather the ever intensifying economic storm.

CEOs are trying to get their businesses better positioned for the start of the year so they’re not constantly chasing the slowdown” he said. “December will be another very tough month.”

In another sign of weakness, a growing number of workers were unable to find jobs with the amount of hours they want to work. Those working part-time jobs – because they couldn’t find full-time work, or their hours had been cut back due to slack conditions – jumped by 621,000 people to 7.3 million, the highest ever on records that date back to 1955.

Underemployment at 12.5%

The so-called under-employment rate, which counts those part-time workers, as well as those without jobs who have become discouraged and stopped looking for work, soared to 12.5% from from 11.8%, setting the all-time high for that measure since calculations for it began in January 1994.

But there was hiring in some economic sectors last month. Government hiring has stayed strong throughout the downturn, adding another 7,000 jobs in November. Education and health services also grew payrolls, which grew by 52,000 employees.

The average hourly work week fell to 33.5 hours last month. Economists expected the workweek to hold at October’s level of 33.6 hours. But with a modest 7-cent gain in the average hourly salary, the average weekly paycheck rose by 52 cents to $613.05.

Obama: Time for stimulus

With 2008 already the worst year for jobs since 1982 and on pace to become the worst since 1945 – and second worst on records that date back to 1939 – support for a second stimulus package to boost the job market has grown among economists and lawmakers.

The prior stimulus package, in the spring, sent tax rebate checks to millions of tax filers. It helped the economy grow in the second quarter, but it did little to stem the tide of job loss in the country.

But the proposed stimulus package, supported by President-elect Barack Obama, would focus on aid states and municipalities as well as consumers, adding millions of infrastructure jobs for Americans.

“Our economy has already lost nearly 2 million jobs during this recession, which is why we need an Economic Recovery Plan that will save or create at least 2.5 million more jobs over two years,” said Obama in a statement. “There are no quick or easy fixes to this crisis, which has been many years in the making, and it’s likely to get worse before it gets better.”

Experts say a two-part stimulus package is the right way to stem the tide of mounting job losses.
“First, you have to get consumers to spend, since 70% of the GDP is tied to consumer spending, and then you need job stimulus like highway projects to maintain economic job growth,” said Gilliam. “This number is so bad that Obama will have to do something drastic soon.”
In the meantime, Bush administration officials say the priority remains restoring liquidity to the financial system.

“We have to get the job done that we can while we have time left in office, and that is restoring credit,” Secretary of Commerce Carlos Gutierrez told CNNMoney.com. “This is the key first step to restoring growth and restoring jobs.”

The White House echoed the Commerce secretary. “We need to focus on the causes of the economic downturn in order to reverse this trend in job creation, said Dana Perino, White House press secretary. “We intend to continue our aggressive efforts to restore health to our credit and housing markets.”

–www.cnnmoney.com

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For the Jobless, Web Sites Offer More Options

**Article courtesy of www.online.wsj.com

Unemployment in the U.S. has hit a 14-year high as companies cut back. That has sent masses of laid-off workers flocking to the Web in search of opportunities — and job sites have been stepping up to meet the challenge.

New job sites with names like MarketVendorJobs.com have sprung up to take advantage of growing user interest amid the economic downturn. Established sites, such as CareerBuilder.com, have also started rolling out new features to improve the relevance of job listings for candidates and make their résumés stand out, among other things. And some sites, such as Vault.com, are providing career counseling and other new services.

Ryan SnookBusiness-networking site LinkedIn last month began offering online outplacement services to companies so that laid-off workers can more easily find their next gigs. It also has introduced technology that better matches its members with appropriate jobs. Using an algorithm, the site searches words within a job posting and then matches up members who list skills that fit the job. In January, the company plans to debut a feature that makes it easier for users to notify members in their online network that they’re searching for a job.

Meanwhile, Glassdoor.com, a salary-review and employee-review Web site, this month retooled its home page so that jobs listed near the users’ hometown and relevant job categories immediately pop up when an individual logs on. Vault.com has created a $999 service for job seekers to get two 45-minute career-coaching sessions over the phone to help them land a new job.

But some consumers may be overwhelmed by the number of job-search sites and all their new features. Scores of career sites are competing for clicks, so users must master multiple search tools — only to discover that sometimes there is redundancy in the listings. Career counselors advise job seekers to learn advanced search strategies on several sites so that only relevant results are displayed. They’re also told to find niche sites that focus on an industry or region to further narrow their search.

Alice Ziroli, 46, began looking for new jobs online earlier this year when the pharmaceutical company she worked for shut down its local sales division. But when she trolled sites such as Monster.com and CareerBuilder.com, she says she found their offerings too vast.

“I didn’t find them user-friendly,” says Ms. Ziroli. She eventually found a job-search engine called Indeed.com, which has a simple Google-like home page and allowed her to narrowly specify her job-search criteria. Last month, Ms. Ziroli started a new $65,000-a-year job — slightly more than what she made before — as a sales representative for a hospice-and-health-care company just 18 miles from her Diamond Bar, Calif., home.

Adding New Features

A CareerBuilder.com spokesman says that, in this environment, the more features that a site offers the better for a job candidate. Monster says it is rolling out improvements to its site early next year with features that will make it easier to upload résumés and apply for a job online.

CareerBuilder.com

CareerBuilder.com and other sites are adding features to improve the relevance of online job searches. Still, job-search sites are experiencing a dramatic spike in usage. The total number of minutes that Internet users spent on such Web sites jumped 13% in October from a year earlier, while the total number of job-site pages viewed rose 20% in the same period, according to comScore Inc., a market-research company based in Reston, Va. Overall, the number of unique visitors to job-search sites is up 12% in the past year, more than the 5% increase for the Internet as a whole.

“Engagement with these job sites is a lot higher now,” says Andrew Lipsman, a comScore spokesman. “It’s not just how many people are on these sites but how much time overall they’re spending on them.”

Job-oriented sites are capitalizing — literally — on the newfound interest. Glassdoor.com late last month got $6.5 million in new venture-capital funding, just four months after its June launch. LinkedIn also announced last month that it had received $22.7 million in new funding from strategic investors such as Goldman Sachs Inc. and McGraw-Hill Co.

Niche Job Sites

Some job-search sites cater to certain industries. Dice.com, for instance, is targeted at technology professionals. Its sister Web site, eFinancialCareers.com, is tailored for finance-industry workers — an area that has been particularly hard hit. In September, eFinancialCareers.com launched an emergency toolkit that bundles tips and articles on how finance workers can network, customize their résumés and interview better in order to land
a new job.

Other sites try to stand out by providing more career-improvement data and features apart from just job listings. With numbers submitted by users, Glassdoor.com offers salary data for positions at numerous companies. So based on nine submissions, individuals searching for engineering-manager positions at Google Inc. would see that total compensation for such a job might add up to $241,000, including salary and bonuses.

And some sites are now emulating features found on social-networking sites: CareerBuilder.com in February launched BrightFuse.com, where professionals can network and interact with one another. A CareerBuilder.com spokesman says BrightFuse.com will add new features next year to highlight each member’s skills, such as allowing writers to upload samples of their work.

One thing career sites haven’t been able to perk up for job seekers is the total number of job listings. As of earlier this month, the number of job listings on Dice.com was down 9% for the year so far, compared with the same period in 2007, says a spokeswoman, who declined to reveal underlying numbers. At Indeed.com, the number of open positions has stayed flat at about five million jobs over the past year, says Indeed.com Chief Executive Paul Forster.

‘A Mixed Picture’
“It’s very much a mixed picture” out there jobwise, says Mr. Forster. “There’s a lot of weakness in certain areas, such as in the mortgage, retail, financial, construction and hospitality industries. But some areas like defense and health care are strong.”

Marc Hirsch, who started looking for a new job six months ago, says many features on the job sites helped him. The Roanoke, Va., resident, who has a background as a chemist, used LinkedIn, CareerBuilder.com and Indeed.com to get job alerts sent to him and liked how many of the listings came with salary information and estimates. “There was a lot of garbage that came back” through the online searches “but some quality opportunities too,” says the 52-year-old.

Ultimately, though, the job sites proved to be just a starting point for him. Through one job listing he found on a career Web site earlier this year, Mr. Hirsch got his résumé sent to General Electric Co. While the company didn’t have anything suitable at the time, GE kept his name on file.

When a position as an applications engineer came open, GE contacted him and he got the post, he says.

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Senate Extends Unemployment

WASHINGTON (MarketWatch) — The Senate approved a House bill to extend unemployment benefits by at least seven weeks on Thursday, sending the measure to President Bush on the same day the Labor Department reported continuing claims for jobless benefits hit a 26-year high.

The Senate bill extends benefits by seven weeks. It would extend them for 13 weeks in states with unemployment rates higher than 6%.

President Bush will sign the bill, his spokeswoman said Thursday.

“Because of the tight job market, the president believes it would be appropriate to further extend unemployment benefits and he would sign legislation that is now in front of Congress,” said spokeswoman Dana Perino at the daily White House briefing. Senate Majority Leader Harry Reid said he wants Bush to sign the bill “as soon as possible.”

“Extending unemployment insurance will help many struggling to afford the rising costs of living,” Reid said in a statement Thursday afternoon.

The House approved the measure on Oct. 3. The current U.S. jobless rate is 6.5%.
U.S. workers are facing a gloomy job market. Earlier Thursday, the Labor Department reported that first-time jobless claims rose to a 16-year high of 542,000 in the latest week. The number of people receiving benefits rose to 4.01 million in the week ending Nov. 8, the highest level in 26 years.

**For more visit www.marketwatch.com

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GREAT READY-Brand Yourself to Fight the Bad Economy

Check out the great article below courtesy of Business Week!

Cheers! Jessica

********************

Brand Yourself to Fight the Bad Economy

By Marshall Goldsmith

My friend Dan Schawbel is a leading voice in the area of personal branding, focusing on helping individuals gain self-confidence, discover their passion, and develop a brand by using social media tools.

I invited Dan to discuss how personal branding can be used to fight the economic downturn and protect people from future layoffs. In his new book, Me 2.0: Build a Powerful Brand to Achieve Career Success, he provides a detailed four-step strategy for success. Edited excerpts of our conversation follow:

Marshall Goldsmith: Dan, what exactly is personal branding, and why is it so important in today’s challenging workplace?

Dan Schawbel: Personal branding is how we market ourselves to others. Each and every one of us has a brand because we are constantly being judged based on first impressions. Also, we are forced to sell our ideas and unique abilities to all stakeholders inside a company or as an entrepreneur.

Ten years ago, in a Web 1.0 world, your brand was hidden unless you were an executive at a leading company or a Hollywood celebrity. Now, with the evolution of the Internet into a Web 2.0 environment, every single person has a voice that can build or destroy their reputation and that of their company in an instant. Another major difference is that you needed a lot of mainstream press years ago to make a name for yourself. Today you can start a blog and join social networks for free.

Everyone from hiring managers to admissions officers and even talent agencies is scrubbing the Internet, either in search of their next hire or as a background check. According to Careerbuilder.com, 22% of managers screen their staff using social networks like Facebook, and Kaplan says that 10% of admissions officers verify potential students using social networks. There is a massive opportunity for you to position yourself as an extraordinary brand and be recruited based on your passion.

What led you to get involved with personal branding?

I graduated from Bentley College in 2006, after accumulating eight internships and seven leadership positions. During my interviews, hiring managers had noticed my “personal branding toolkit,” which contained a custom portfolio, résumé, cover letter, and Web site. This made me stand out. After several interviews, I landed the marketing job I wanted at EMC Corp (EMC).

One year later, I started experimenting with social media outside of work. I launched my own blog, after reading Tom Peters’ famous “Brand Called You” article. I soon realized that my passion was in fact personal branding, as I love marketing, mentoring, and all things social media. What started as a blog became awards, an online TV show, and my own magazine. I was profiled in Fast Company, and the article was read by EMC PR and sent to a vice-president, who then hired me to be the first social media specialist. Long story short, I was hired without even applying for the job.

What is your four-step process for building a powerful brand?

•Discover: In order to really understand who you are and carve out a career path moving forward, investing in self-discovery is critical. In fact, if you don’t spend time learning about yourself, your values, personal mission, and unique attributes, you will be at a disadvantage when marketing your brand to others. Start by removing yourself from distractions and ask yourself, “Who am I?” and, “If I could do anything, what would it be?”

•Create: Your personal branding toolkit may consist of a blog, Web site, business card, résumé, reference document, cover letter, portfolio, or even a LinkedIn profile. Each piece has to be consistent with the next and reflect the brand you discovered in Step 1.

•Communicate: Now it’s time to use everything you’ve created to let people know you exist. By attending professional networking events, writing articles for Web sites, and putting on your “personal PR hat,” pitch bloggers and traditional journalists to start gaining attention and recognition for the brand you created in Step 2.

•Maintain: As you grow, mature, and accelerate in your career, everything you’ve created has to be updated and accurately represent the current “brand you.” Also, you need to monitor your brand online to ensure all conversations about you are positive and factual. You can do this by using a combination of tools, including a Google Alert for your name.

Can you explain how social media tools can protect workers?

You need to build your brand equity outside of your current job because there is no such thing as job security anymore. To do this, you should become a blogger, reserve your name on social networks such as Facebook, Twitter, and LinkedIn, and take ownership of your Google (GOOG) results by constantly monitoring what shows up for your name over time. Each of these social media tools rank high in Google, therefore they can give you the necessary visibility you need to seize opportunities.

Thank you! I love to give my readers new techniques to adapt and succeed, especially in today’s turbulent business environment. How can we reach you?

I can be reached at http://personalbrandingblog.wordpress.com or dan.schawbel@gmail.com.

Readers, I would love comments from you. Please send your advice for developing a personal brand.

Goldsmith’s new book, What Got You Here Won’t Get You There, was recently listed as America’s best-selling business book in The Wall Street Journal. He can be reached at Marshall@MarshallGoldsmith.com, and he provides his articles and videos online at MarshallGoldsmithLibrary.com.

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Economic Job Report: Worst in 5 Years

Jobs: Worst in 5 years

Payrolls shrink by 159,000, the 9th straight month that employers shed jobs, bringing losses to 760,000.

NEW YORK (CNNMoney.com) — Employers made deeper cuts in their payrolls in September, according to the Labor Department’s monthly jobs report, as the economy experienced the biggest drop in jobs in more than five years.

There was a net loss of 159,000 jobs in September, the ninth straight month the U.S. economy has lost jobs. The August job loss was revised to 73,000 jobs, taking year-to-date job losses to 760,000.

Economists surveyed by Briefing.com had forecast the loss of 105,000 jobs in the month.
The unemployment rate remained at 6.1%, the same level as August and in line with economists’ forecast.

The report is based on surveys of employers and households conducted in the week of Sept. 8 to 12, a period before the worst of the current financial crisis hit Wall Street. That crisis caused banks to hoard cash and cut back on credit extended to businesses.

Fears that the credit crunch will cause widespread job losses and a severe downturn in the already struggling economy prompted Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke to push for a $700 billion Wall Street bailout.

The measure, which passed the Senate Wednesday night, was voted down in the House on Monday. But the House is set to vote on the measure again Friday.

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Recession Proof Jobs & Industries

Take a look at a few industries below that experts believe are recession proof. If you are unemployed because of a business closure or restructure, you might want to consider a new career in one of these 6 different areas.

* Education. The U.S. Bureau of Labor Statistics has historically shown teaching to be relatively recession-proof. But demographics are important: High-growth areas like the Sun Belt offer much better prospects than the Rust Belt.

* Energy. “This is a major issue for the global economy, and jobs related to oil and gas, alternative energy and even nuclear are likely to see strong growth,” Challenger said.

* Health care. Almost half the 30 fastest growing occupations are concentrated in health services — including medical assistants, physical therapists, physician assistants, home health aides, and medical records and health information technicians — according to the U.S. Bureau of Labor Statistics.

* International business. “If you have a strong knowledge of other cultures, and an ability to work in another country, you’ll find plenty of opportunities,” according to John Challenger. “If you’re first generation Chinese, with business skills and Chinese language skills, you’re in good shape.

* Environmental sector. There is a huge and growing industry geared to combat global warming. “Not only will professionals with skills in sustainability issues be in demand through the end of the decade, we are likely to shortages of professionals with ‘green’ skills,” said Rona Fried, president of sustainablebusiness.com, a networking service for sustainable businesses.

* Security. “Crime doesn’t stop during a recession, and police officers, port security specialists and international security experts will continue to be in demand,” Challenger emphasized.

–Information & Statistics provided by Yahoo Hot Jobs

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Is Your City Recession Proof?

Is your city recession proof? Take a look at the article below from Forbes that listed the top 10 Recession Proof Cities.

Nationally,
home prices are falling, unemployment is on the rise and the economy is expected to grow slowly–or even contract–in the first half of the year. But some cities are doing just fine.

Take
Oklahoma City, Okla. With falling unemployment, one of the country’s strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation’s largest metropolitan areas to ride out the current crisis.

San Antonio is right behind. It also features solid employment figures and affordable home prices that continue to rise. Its industries are growing; it can’t hurt that the new AT&T (nyse: Tnews - people ) was formed when San Antonio-based SBC Communications swallowed the old AT&T Corp. and BellSouth.Austin, Texas; Houston; Charlotte, N.C.; Dallas; San Jose, Calif.; Raleigh, N.C.; Salt Lake City; and Seattle.

We also took into account median home price data from the National Association of Realtors–from the fourth quarter of 2006 to the fourth quarter of 2007–to see which areas posted the largest annual gains. Our data don’t account for the impact of declining sales in the first several months of this year.

Sunny Southern Skies Texas cities fared best under these measures. San Antonio, Austin, Houston and Dallas-Fort Worth have benefited from historically lower home prices, which have been affordable to a large segment of the population. The availability of land–and, in some cases, little zoning–helped keep prices in these cities low. Instead of competing for homes, Texans could move to a new subdivision a little farther out.http://www.forbes.com/2008/04/29/cities-recession-places-forbeslife-cx_jz_0429realestate.html

The others holding steady or improving include

Behind The Numbers To find them, Forbes.com examined the country’s 50 largest metros and looked at several key measures.

We examined unemployment data supplied by the U.S. Bureau of Labor Statistics for the year ending in February 2008 to see which areas are most adding or subtracting jobs. Next, we looked at the BLS data on job growth in non-farm payrolls, through February 2008, for construction, education and health services, financial activities, information, leisure and hospitality, manufacturing, natural resources and mining, professional and business services, trade, transportation and utilities, and the BLS’s catch-all category, “other services.”

Finally, our rankings were adjusted using data from a November 2007 report, “U.S. Metro Economies: The Mortgage Crisis,” by the U.S. Conference of Mayors. It lists each city’s estimated gross metropolitan product growth by projecting how rising foreclosures and falling home prices would affect overall levels of productivity in local economies.

What’s more, all four boast falling unemployment rates, with Austin dropping from 3.8% to 3.6% and San Antonio from 4.3% to 4%.

Cities that are expected to see growth in non-farm payrolls include Raleigh, which is expected to see 7.4% growth in professional and business services and 6% growth in education and health. In Salt Lake City, where the median home price rose 2.5% and unemployment, at 3.1%, is below the 5.1% national average, growth in education and health services is expected to be 5.5%.

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Xceptional HR

An Human Resources, IT, and Social Media Consulting Firm with Jessica Miller-Merrell as CEO. Contact 405.912.4885 or jessica@xceptionalhr.com