Tag Archives: Bureau of Labor Statistics

OCTOBER NUMBERS DOWN – ADMIRATION OF VETERANS WAY UP

veterans_day_2007_poster1aBY: Adam Gavriel

Last Friday, and article at ABCNews.com indicated that the Labor Department had released the October jobs report for America. Amidst a government shutdown, the economy was still able to add 204,000 jobs in October. Unfortunately, the unemployment rate ticked up, as expected, to 7.3%

The labor force participation rate fell 0.4 percent to a 35 year low of 62.8% Continue reading

JULY UNEMPLOYMENT NUMBERS ARE IN

English: U.S. map with counties labeled by FIP...

(Photo credit: Wikipedia)

BY: Adam Gavriel

A fascinating story from NPR reports that in July, the United States unemployment rate continued to fall. The numbers for July are in and reports from the Bureau of Labor Statistics say that the unemployment rate fell to 7.4% from 7.6% and the US added 162,000 jobs in July – which came in below economists’ expectations.

From the report

Total nonfarm payroll employment increased by 162,000 in July, with gains in retail trade, food services and drinking places, financial activities and wholesale trade. Over the prior twelve months, nonfarm employment growth averaged 189,000 per month.” 

On the report as a whole, Barclays Capital economist Peter Newland called it “clearly weaker-than-expected.” He goes on to add “But one should not overstate it – the unemployment rate continues to trend down and average job growth of 175,000 will be more than enough to continue to push it lower.”

Before the report was released, economists expected an addition of 185,000 jobs to the economy.

Of course, the unemployment rate is always an imperfect way to calculate the American recovery. While it is a good measure to grasp the big picture, digging deeper may reveal a different story.

While unemployment in America continues to trend downward, underemployment remains a major issue in America, as does the situation of college graduates entering the workforce since 2008.

The number of long-term unemployed (27 weeks or more) was little changed at 4.2 million people. These 4.2 million account for 37 percent of the unemployed; and has declined just 921,000 over the past year.

Directly from the Bureau of Labor statistics release:

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 8.2 million in July. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.” 

Continued, there were 988,000 discouraged workers in July, up 136,000 from a year earlier. Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. That’s nearly a million Americans not looking for work because they are so pessimistic about the workforce not accepting them, and this number is UP over the past year while the unemployment rate has gone DOWN.

Again, the story always goes deeper.

Here at Crossroads Consulting, we could not be more elated that the unemployment rate continued to drop in July; but we are still distraught over the general  perception of the United States economy.

As an employment agency seeking to get Americans working TODAY, we want to re-instill the confidence in those “disgruntled” Americans.

The jobs are out there, and we have plenty of them. With near 50 positions nationwide that we are looking to fill TODAY, we want to hear from you. If you’re not confident in your resume, or are so disgruntled, come talk to us and utilize our recommended resume service. It is our job to get you the career you are looking for.

By putting the ‘human’ back into ‘human resources’ we are here for one reason, to make your life easier.

Please contact us today.

REAL UNEMPLOYMENT NUMBERS

BY: Adam Gavriel

In the case of the American economy, slow and steady is NOT winning the race.

Disappointing numbers from April are starting to leak out, and a report from CNBC.com from Wednesday reports that private companies created just 119,000 jobs last month, well below expectations.

Economists had expected 150,000 jobs to be created in April (a prediction down from March), and the economy under-performed to the lowered standards.

“”Nearly every industry has seen slower growth since the beginning of the year,” Moody’s economist Mark Zandi said on CNBC. “Smaller businesses are experiencing much weaker growth.””

Without the support of strong small businesses, the American economy will have difficulty creating jobs. Small businesses would account for just 50,000 of the added 119,000 jobs. Zandi believes that this may be due to the Affordable Healthcare Act (Obamacare). Zandi went on to say in an interview that, “The data seems to be suggesting healthcare is having an impact.”

Continuing reports from CNBC.com suggest that Gross Domestic Product (GDP) is in the middle of its longest sub-3% growth rate since 1929!

Unemployment, that also includes the jobless, and the underemployed (often referred to as the “real” unemployment rate) remains at 13.8%.  Nevada has been hit the hardest with a real unemployment rate of a staggering 19.6, nearly one-in-five Nevadans are out of work. Only six states have real unemployment rates of less than 10%. They are North Dakota at 6.2%, South Dakota at 8.1%, Nebraska at 8.6%, Wyoming at 9.5% and Oklahoma and Iowa at 9.8%. (See the actual numbers of all 50 states HERE).

Although the national reported unemployment average has actually decreased as of late, the real unemployment rate has risen in six states, and stayed the same in three (including Connecticut).

Michael Pento, founder of Pento Portfolio Strategies, had this to say about the economy:

“The fact is that the U.S. economy isn’t growing fast enough to significantly increase the revenue to the government, but our debt is still soaring. It’s a shame they won’t just implement real measures to grow the economy like reduce regulations, simplify the tax code and balance the budget.”

The Bureau of Labor Statistics will release the April numbers officially Friday.

While the economy remains at a standstill, we at Crossroads Consulting are trying desperately to help, but we need you to fulfill our goal of finding rewarding work for as many people as we possibly can.

With over fifty job openings, Crossroads Consulting is looking, not only for people with good resumes, but just good people to fill openings we’re working on all around the nation.

Send us your resume NOW. If you’re not confident in how it looks, we are available to help you there too with our recommended resume service. 

Human resources is a human game, and human capital is what makes it work. Our attitude is right there for everyone to see in our motto, “We’re putting the ‘Human’ back into ‘Human Resources.'”

TIME FOR TOUGH LOVE

resumewritingtipsBY: Adam Gavriel

It’s time to set the record straight here, America.

A bit of tough love here, but it has to be said. You are NOT going to find work if you give up looking for work. A job is not going to fall straight on your doorstep if you’re patient enough; you have to be willing to go out and fight for it.

Some economists will have you believe that America’s economy is on the upswing when presented with a chart showing the unemployment rate decreasing steadily. What is not visible on that chart however is how many American’s have just plain exited the work force.

A report published earlier this month by Forbes.com reports:

“The Bureau of Labor Statistics reported unemployment fell to 7.7% from 7.9%, but the drop was at least partially attributable to a decline in labor force participation, Baker says. The employment-to-population ratio (EPOP) was unchanged at 58.6 percent, exactly the same as the rate in February of 2012 and just 0.4 percentage points above the low hit in the summer of 2011. This compares with an EPOP of 63.0 percent in 2007, pre-crisis.”

The only thing more discouraging about this statistic are the Americans who are looking for work, but essentially not even trying anymore.

Recently here at Crossroads Consulting a resume was submitted to us that really hit home in a very depressing way. To avoid any conflicts of interest, and to protect the identity of this applicant who we are trying to work with, we will just post a few snips from their resume so you can avoid these mistakes in the future.

In addition, please, if you are not comfortable with your resume contact us immediately. We have a highly recommended resume service that can help you most effectively optimize your resume for the eyes of employers.

The resume we received went as follows:

“Objective: To find a job in a sea of joblessness.”

The ‘Objective’ of your resume will be the first thing any recruiter or HR manager reads. This applicant did everyone in that business a favor. The average HR Manager spends six seconds looking at a resume. This applicant brought the average down to whatever time it takes to hit the delete key.

But it gets worse.

Instead of listing their internship experience under work history, the applicant listed it as a part of their education section. As was the case with all other job history written on the resume by the applicant, there was no description of what the duties of the jobs entailed.  Not to mention under job history, the applicant included “currently unemployed.”

This resume was just an absolute train wreck. What makes it TRULY sad was that it was avoidable. There are unlimited resources available with a simple Google search about putting together a strong resume. You do not have to have a listing of accomplishments a mile long to have a good resume to get yourself under serious consideration for a position.

As we look back and monitor the number of Americans who have just given up altogether, what about those still in the job market not really even trying anymore. We have hit a serious inflection point in America’s history at the moment, and we can go one of two ways. Everyone works together to get the economy going again, or we continue down a mediocre path where nothing happens.

It pains us here at Crossroads Consulting that we even had to mention this kind of resume in a blog post. If you have been following along here at OutOfOurMind.net you know how many times we have posted resources about how to bring your resume to an optimal level. We want to make sure nobody is sending horrific resumes like this one to any recruiter or HR manager, not just us. It does not help and helping people is the central tenant of our mission statement. It is why we are in this business.

Our main goal here is to get Americans working again. Whether it is through a position that we place the person in or not, if our system helped your resume or interview preparation skills, then we have done our job.

Even if all this article did was get you thinking, that is something for us to be proud of.

Please visit our website and feel free to send your resume our way for critique and helpful tips. And while you’re there, feel free to take a look at our job openings from across the nation that we are looking to fill TODAY.

SPRING CLEANING

BY: Adam Gavriel

When it’s March 21stin Buffalo and outside there are people tanning, in shorts or t-shirts, throwing a football around, you know something has to be wrong. That’s one of the signs of Armageddon in Revelations isn’t it?

One of the warmest winters in recent history has come to a close and the start of spring is just around the corner. Finally, here at the University at Buffalo it looks like a college with people outside congregating and doing the things you see on every college flyer, handbook and website instead of avoiding snow covered roads and running for cover in the comfort of nearby buildings.

What usually happens though at this time of year is that many American’s will engage in the yearly tradition of spring cleaning when early April rolls around. Like a New Year’s Resolution, spring cleaning can come in many different forms. Of course there’s the obvious straightening up your home, changing the air fresheners to that sort of resemblance of the smell of flowers or as in-between-the-lines as it gets of cleaning up everything.

Continue reading

A “KNOW-IT-ALL” LOOKS AT SMALL BUSINESS

BY: Adam Gavriel

As a college student I think I know everything…or so Jim Rome told me when I get to hear his voice on the bus to campus every morning. Why the driver insists on listening to Rome every morning is beyond me, but he’s always good for one quote to stick with me the rest of the day. This week when discussing the Penn State scandal Rome had no problem enlightening us with facts on college students specifically that, “They think they know everything.” Well Jim, I do!

Recently I’ve discovered that my MGO 403 (Strategic Management) that I’ve mentioned before here has been one of the most informative classes I’ve taken at the University at Buffalo. This past week discussing small businesses we learned that small businesses in America make up for 60-80% of the employment spectrum.

Working for a small business, Crossroads Consulting, LLC, hearing that  inspired me to do some more research and to see if I could uncover some more facts on the importance of small businesses in terms of employment. As a side note, our small business has just added three new team members to our team who I wanted to welcome aboard.

* Juan Montalvo joins Crossroads Consulting after a very successful career practicing law as Director of Business Development. He can be reached 203-459-9969 x103 or at  Juan@crossroadsconsulting.com.

* Donna Munzer comes to Crossroads from a successful career in Interior Design and Fashion Consulting as Business Development Manager. Donna can be reached at 203-459-9969 x101 and her email is Donna@crossroadsconsulting.com.

* Crossroads new IT Recruiting Manager is Jim Morman who has spent his life in various aspects of Information Technology. Jim’s email address is Jim@crossroadsconsulting.com  and his phone number is 203-459-9969 x104.

Here’s some small business statistics that you may not have known:
•    Represent 99.7 percent of all employer firms.
•    Employ half of all private sector employees.
•    Pay 44 percent of total U.S. private payroll.
•    Generated 65 percent of net new jobs over the past 17 years.
•    Create more than half of the nonfarm private GDP.
•    Hire 43 percent of high tech workers ( scientists, engineers, computer programmers, and others).
•    Are 52 percent home-based and 2 percent franchises.
•    Made up 97.5 percent of all identified exporters and produced 31 percent of export value in FY 2008.
•    Produce 13 times more patents per employee than large patenting firms.
Source: U.S. Dept. of Commerce, Census Bureau and Intl. Trade Admin.; Advocacy-funded research by Kathryn Kobe, 2007 (www.sba.gov/advo/research/rs299.pdf) and CHI Research, 2003 (www.sba.gov/advo/research/rs225.pdf);U.S. Dept. of Labor, Bureau of Labor Statistics.

· Small businesses employ about half of US workers

· Small firms accounted for 65 percent (or 9.8 million) of the 15 million net new jobs created between 1993 and 2009.

If you want to see a list of all the stats and more information on small businesses, check out this link: http://web.sba.gov/faqs/faqIndexAll.cfm?areaid=24

Don’t forget to check out our current openings, and make sure to like us on Facebook, and follow us on Twitter!

EMPLOYMENT SKIDDISH AT BEST

BY: Adam Gavriel

The United States Bureau of Labor Statistics released the July unemployment this morning at 9.1% a .1% decrease from the June number of 9.2% Even though approximately 117,000 jobs were added to the workforce expert analysts believe that the number of hirings would have to double in order to have a significant impact on the unemployment number.

Most of the job gains occurred in health care, retail, manufacturing, and mining. Government employment continued its downward trend.

All figures of unemployment among major work groups showed little or no change in July. Adult men at 9% adult women at 7.9% and teenagers at 25% The number of long term unemployed workers (27 weeks or more) settled at 6.2 million in July.

Employment in technical services and professional skills continued its upward trend in July by adding 18,000 jobs to their workforce; while the downturn in government jobs dropped 37,000.

With unemployment unable to get below 9% and a declining stock market Americans should begin preparing for these troubles to be here for a while as what has been deemed the “Great Recession” is bound to continue. The Dow Jones which was operating at 12,248 on August 1sthas continued its downward spiral so far this month, and the unemployment numbers will surely contribute to another fall as the Dow Jones threatens to dip below 11K for the first time since October 2010.

Even though the economy created 117,000 jobs in July it was only enough to lower the unemployment rate 0.1% and unable to settle the market which continues to free fall today.

As we’ve reported here before the higher the unemployment, the more competition for jobs there will be. At Crossroads Consulting we aim to get the best out of your abilities that we can for you. With our interview preparation and resume optimization serviceswe’re ready to make sure you’re prepared to get the most out of searching for a job that you can.

Although based in the CT area we have job listings from across the United States from New York to California to all across the Midwest. Take a trip over to our website and see how we can help you today.