Monthly Archives: October 2012

ECONOMY, ECONOMY, ECONOMY

BY: Adam Gavriel

October continues to be a slow but promising month for the United States economy. Reports from Bloomberg.com today are showing that the number of Americans filing first-time applications for unemployment fell last week by 23,000. This figure returns the statistic to a level that shows the labor market is continuing to make progress in the year’s third-quarter. Though progress may be a bit of a stretch however, as the market continues to grow albeit at a slower pace than everyone would prefer.

Kevin Cummins, an economist at UBS Securites LLC in Connecticut had this to say about the report, “There is no pickup, nor any further deceleration. Employment growth is moving along at a pretty disappointing pace.” Continue reading

OCTOBER SURPRISE

By: Adam Gavriel

Reports have surfaced this week (October 15-18) that state that the 7.8% unemployment reported earlier in the month has decreased as autumn has taken over the country. Now in mid-October, the unadjusted unemployment rate (according to gallup.com) is 7.3%. Some take issue with this number because the number doesn’t take into account the high number of people who are considered to have just plain stopped looking. Some economists are stating that the correct number if you take back the people, the ones who dropped out of the workforce, would be at 10.7 percent.

This report came out just a day after the most recent Presidential debate on Long Island at Hofstra University. Perhaps to those who don’t pay attention to world affairs, they might find a bit of optimism. While debate has continued on the accuracy of the September report, with some believing the numbers may have been ‘cooked’ or weighted in some manner for political purposes, today’s release via Gallup reignited the controversy on the accuracy of the “numbers” and put it right back in the spotlight.

Statistics are never perfect. Many people will tell you that you can make them read anything you want to depending upon what you’re looking to get out of them. For example 75% of those polled in the Beck Household think that the owner of Crossroads Consulting, Mitch Beck, is the most amazing man on Earth. On the other hand you can just as easily report with the same poll that 25% of the members of the Beck Household do NOT think Mitch Beck is the most amazing man on Earth. So with every poll and statistic, you have to look at it in it’s full context.

So remember that when reading these numbers that are coming out, that they don’t necesserily paint the full picture. For example, the percentage of American’s working part-time is known as being, “underemployed” are included as working in the polling numbers.  Some numbers: full-time work Gallup will tell you has increased from 8.6% to 9% On top of that; the underemployment rate fell to 16.3%.

Are those the kinds of numbers that give you confidence? They don’t here at Crossroads Consulting. Here we’re doing all that we can to put a dent in both of those numbers.

We’re hopeful that perhaps a false sense of optimism will areise from these numbers to convince some businesspeople that it will be okay to start hiring again. One final report is due out just before the general election on November 6th.

As millions of Americans struggle to find full-time employment, satisfaction has to be found somewhere. As we approach the holiday season, many employers will be looking to fill part-time employment spots. And while that won’t solve the long-term problems that face many American’s today, a stop-gap measure to get money in the hands of Americans, and then their spending of that money is what fuels the economy.

On the other hand, if you are part of the American workforce who won’t look for part-time work as you fear it will get in the way from your full-time work search, don’t look down upon that. But remember, and this is very important, time unemployed is NOT vacation time. There is nothing wrong with taking the time to work on your skills, to improve your resume, to make sure you are applying for jobs daily. The jobs are out there folks!

At Crossroads Consulting we can help you with all of the above. From our job openings that feature positions around this great Nation, to making sure your resume best presents your assets to employers, we’re here to help you get the job you’re searching for. Putting the ‘human’ back into ‘human resources’ is how we operate on a daily basis, and we want to get the nation working again!

NFIB INDICATORS SAYS SMALL BUSINESS NEEDS HELP PDQ

BY: Adam Gavriel

Despite the encouraging numbers regarding the United States unemployment rate, the lifeblood of the American business industry, small businesses, remains in a tough state. A report yesterday from Bloomberg Businessweek noted that even with the unemployment rate falling to 7.8% small business hiring slowed down as many owners said they were not planning on hiring or investing in new equipment.

According to the report, a lot of this is due to the uncertainty regarding taxes in the future of small-businesses, and until the election in November, we can expect this trend to continue. September marked the fourth time in the last five months that the National Federation of Independent Business’s optimism index fell.

As you can see from the September report above, 4 of the 10 important factors in determining NFIB fell last month, while two remained unchanged.

Despite the optimism highlighted by the unemployment rate dropping below 8% for just the 2nd time since President Barack Obama took office, deep below the economy continues to struggle. After conducting a survey, Bloomberg Businessweek noted that 17% of small businesses said it was becoming increasingly difficult to fill a job opening. While the number of respondents who expected higher sales held at 1%

The NFIB report was based on a survey of 691 small business owners. Remember that small businesses represent the overwhelming majority of U.S. employers. When small businesses are flourishing, so is America.

Crossroads Consulting, a small business ourselves, not only employs a few Americans, but looks to get the rest of America employed as well. Despite the 7.8% unemployment rate, and the even higher underemployment rate, Crossroads Consulting offers plenty of job opportunities that we are looking to fill nationwide TODAY. With our resume optimization, there is no reason not to come by and take a look at what we offer.

Remember, at Crossroads, we’re putting the ‘human’ back into ‘human resources.’

UNEMPLOYMENT AS IT RELATES TO THE RACE FOR POTUS

BY: Adam Gavriel

After Wednesday night’s debate, where Governor Mitt Romney was declared the winner, President Barack Obama got what he would say is some good news Friday. The September jobs report was released, the United States jobless rate dipped below 8% for the first time since the POTUS took office. The US jobless rate, which some despute how they came to those numbers, is on the surface at its lowest point since 2009 dropping from 8.1% in August to 7.8%. The report also shows that the economy added 114,000 jobs although that number was 86,000 fewer than were created in July, and less than in June. The number also does NOT take into account the number of Americans who’ve stopped looking for jobs at all.

But the Labor Department on Friday revised their findings to reveal that the figures reported for August and July were a bit higher than they had previously reported. Continue reading