Monthly Archives: September 2011

EMPLOYMENT REPORTS ARE IN – AND THE WINNERS AND LOSERS ARE…

BY: Adam Gavriel

The US Bureau of Labor Statistics reported on August’s employment numbers in metropolitan areas of the United States. The studies showed that unemployment rates were lower in August than a year earlier in 262 of the 372 metropolitan areas. On the other hand the numbers were higher in 84 areas and unchanged in 26. Continuing with extreme ends of the spectrum, nine areas recorded jobless rates over 15% while only 10 areas registered rates of lower than 5%.

El Centro, California and Yuma, Arizona recorded the highest unemployment rates this past August showing shocking numbers of 32.4 percent and 29.4 percent. As for the rest of the remaining 7 areas reporting jobless rates over 15% they were all located in California.

Keeping up with the Midwest’s seemingly glowing numbers in terms of some of the lowest unemployment rates we’ve seen in the Nation’s history, Bismarck, ND recorded the lowest unemployment rate featuring a number hovering around 3%. The areas with the next lowest unemployment rates were also in the Midwest located in Nebraska, North Dakota, and Minnesota.

Two-hundred seventeen areas were lucky enough to record a number lower than the 9.1% that the nation featured for the second straight month in August.

The largest positive change in unemployment (a decrease) over the year occurred in Farmington, NM where the unemployment rate dropped 3 percentage points. Only an additionally 81 areas recorded a decreased rate. However only 4 areas had a growth in unemployment totaling over 1 percentage point, Pascagoula, Mississippi led the way with an increase of 1.7%

The Midwest won in another category, among areas with a Census 2000 population of over 1 million Oklahoma City, OK recorded the lowest jobless rate coming in at 5%.

Other notable numbers (metropolitan area nonfarm employment):

Largest over-the-year employment increase: Houston-Sugar Land-Baytown, Texas (+65,000)
Largest over-the-year percentage gain: Hot Springs, Arkansas (+9.7%)
Largest over-the-year decreases in employment: Atlanta-Sandy Springs-Marietta, Georgia (-30,800)
Largest over-the-year percentage loss: Abilene, Texas (-4.7 percent)

Just some quick numbers to show that unemployment remains a huge concern for the United States.

Remember that Crossroads Consulting is constantly updating our 60+ current open positions and we are accepting resumes daily. Not confident in your resume? We can help you there too with resume optimization.

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AMERICA – WHERE ARE WE HEADED?

 BY: Adam Gavriel

According to a recent Rasmussen Reports poll only 19% of potential US voters believe that the United States is heading in the right direction. The survey was conducted via telephone of 3,500 likely voters.

You may think that 19% is an abomination of a number and should be much higher than it is, however this measured 19% is the highest level measured in two months of weekly tracking by Rasmussen. On the other hand, this same 19% is down 10 points from last year’s confidence at this same date.

Confidence was at a high peaking at 40% until May 2009 when the number has been steadily declining since, roughly 5 months into Obama’s tenure as the President of the United States.

Conversely 75% of voters say that the country is heading down the wrong track, showing minimal change in the last few surveys conducted. Republicans feature a number as high as 91% while those not affiliated by a political party are also at a very high 82% Even Democrats are now above the majority with a 53% belief that the country is heading down the wrong path.

These confidence ratings seem to be in direct correlation with the unemployment rate of the US. In May of 2009 when the confidence index was at its highest, the US unemployment rate was at a staggering 9.4 percent. From May 2009 to September 2011 the unemployment rate has risen as high as 10.1 percent in October 2009 and as low as 8.8% in March 2011.

With no end in sight to the unemployment rate continuing to drop, American’s confidence in the path this country is currently trending towards may continue to drop.

Couple these numbers with the fact that only 14% of American’s believe that current economic conditions in the country are getting better, and among active investors, only 15% believe the same.

We can only preach the same things so many times before it becomes tired nonsense that is just spewing from my brain to the keyboard…much like the Republican GOP debate last night. Unemployment begins and ends with the people. The jobs are out there, but the confidence is not. Crossroads Consulting currently has 67 open positionson the website with more on the way.

If you find yourself like the normal American, and lacking confidence in yourself AND your country, then Crossroads Consulting can help you there too. Offering resume optimizationand interview preparation we are not only here to make sure you find the job you’re looking for, but to do whatever we can to help you get that job too.

Let’s connect so we can show you that here at Crossroads Consulting we are putting the human back into human resources.

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UNEMPLOYMENT TRENDS STAGGERING

BY: Adam Gavriel

With the August unemployment rate sitting at 9.1% and stagnating there with no end in sight to the recession that has conquered the US many American’s find themselves out of the workforce; or know someone who is looking for work.

These tables posted a week ago at seekingalpha.comshow why this recession may be here to stay and just how sharply America’s job market is trending downward.

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Employment Changes (in thousands)

Showing what most of us already knew, that August was one of the worst months for job growth since September 2010.

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Private Sector Changes (in thousands)

This table shows growth in all private sectors but the financial sector in 2011 and a supreme increase in the Construction sector from just last year. However the negative trend in Education from 2010 to 2011 has to be a concern.

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Government Employee Changes (in thousands)

Another table highlighting the severe downfall in education, while also highlighting the overall downward trend that government employees have been experiencing all year.

Overall these tables show just how hard of a year 2011 has been on the American economy.

The jobs however are still out there. Searching for jobs you just have to be prepared. Research the field of work you’re looking into. Let a professional look at your resume. And no matter what, never stop looking for those open job opportunities around the country

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US UNEMPLOYMENT REMAINS UNCHANGED

BY: Adam Gavriel

Reports are coming out today that the US unemployment rate remained at a very disconcerting 9.1% from July to August. This may come as not so much of a shock to most considering the turn the United States economy took in mid-to-late August. Even though towards the end of the month the Dow almost cracked above 12,000 it took a sharp plunge between today and yesterday back down to near 11,000. No surprise that this came after the job reports that have been coming out since the US announced the 9.1% unemployment rate.

Jerry Harris had this to add about the struggling job economy in the US and how it has affected the market recently: “The jobs number adds weight to the notion that we’ve been in a recession for four to five months,” said Jerry Harris, president and chief investment officer at Sterne Agee Asset Management. “I just can’t see financial institutions as an opportunity–I just don’t think they’re going to have the earnings power for a long time.”

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