Tag Archives: Labour economics

PRITCHETT: WHAT’S UP IN CONNECTICUT?

ctBY: Philip Pritchett

According to the State of Connecticut’s Department of Labor, last year marked another positive one for Connecticut’s job market as the state gained 14,300 jobs in 2013.  This was the third straight year with an increase after having lost 119,100 jobs in the recession between 2008 and 2010.   The latest addition to Connecticut’s job market continues to inspire job seekers who have now seen over half of the jobs lost during the recession recovered.

Six of Connecticut’s nine major industry sectors experienced growth in 2013.  Private sector increases lead the way, having recovered over 62.3% job lost to the recession.  The CDOL stated that the construction industry recovered 32%, transportation and utilities – 44%, and professional and business services regained 73.2%.  While the hospitality industry has yet to fully recover, it continues to add jobs at rate higher than pre-recession levels.  Even education and health services (one of few industries to not experience loss due to the recession) continue to add jobs at high rates.

With an economy that continues to show positive growth, Connecticut’s unemployment rates are lower than most of its New England neighbors.  The state’s dedication to providing quality opportunities to its citizens has paid off as real total personal income of State residents has steadily risen in the past four years.

Based out of, “The Constitution State,” Crossroads Consulting has maintained long-term relationships with some of the best employers in the area.  They’ve been helping New Englanders find careers in their respective industries for 20 years.  With services that include resume’ preparation, interview coaching, and contract negotiation, their team of professional recruiters has what you need to successfully navigate today’s hiring processes.  For consideration on any of the opportunities Crossroads Consulting might be currently working at filling, send our resume to info@crossroadsconsulting.com, and let them help you achieve your career goals.

PRITCHETT: IMPROVING JOB MARKET MEANS IMPROVING COMPETITION FOR JOBS

Casey PritchettBY: Philip Pritchett

According to the Wall Street Journal, June saw an increase in U.S. jobs that reduced the unemployment rate to 6.1% – its lowest point since September 2008.  The 288,000 jobs created also helped to extend the best five-month period the U.S. has seen since 2006.  These results pleasantly surprised many economists who had anticipated a 215,000 job increase with no real impact on the unemployment rate.  “This is one welcome Fourth-of-July report for the outlook,” said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ.  The 288,000 new jobs “are just the fireworks the economy needs to brighten up.”

This Wall Street Journal report also included signs of positive growth in other areas of the economy.  U.S. stocks showed signs of life, as the Dow Jones Industrial Average surpassed 17000 in a single day for the first time ever.  The dollar even gained value due to the effect that the strengthening economy could have on Federal Reserve interest rate increases.  “Today’s report indicated that labor market slack is diminishing, albeit slowly,” said Bricklin Dwyer, economist at BNP Paribas.

The recent job creation is evidence that the economy is continuously gaining momentum.  The retail and hospitality industries produced almost 80,000 jobs, while manufacturing and construction added another 22,000.  “The latest five monthly jobs reports are consistent with the view that, in spite of a horrendous first-quarter GDP result that was the victim of a ‘perfect storm’ of negative circumstances, the economy is well underpinned,” said Joshua Shapiro, chief U.S. economist at MFR Inc.

As the economy continues to strengthen, so too will the competition for the best available jobs.  Job seekers owe it to their self to be as prepared as possible when pursuing their next career opportunity.  The process is changing, and those who are unaware of these changes will find themselves at a disadvantage.  Firms such as Crossroads Consulting help job seekers maximize their chances of landing their dream job by staying on top of current trends within the job market.  With services that range from interview preparation all the way down to contract negotiation, their guidance can be the difference between settling for that mediocre job that EVERYONE’S qualified for and the high-paying job that YOU’RE qualified for.  Contact them today at (203) 459-9969, or send a resume to info@crossroadsconsulting.com.

PRITCHETT: NY JOB MARKET – DRAWING THE BEST OF THE BEST

nyBY: Philip Pritchett

NY’s Economy Attracts ‘Best of the Best’

According to Bohdan M. Wynnyk, Deputy Director of the Division of Research and Statistics, and the New York State Department of Labor, New York continues to experience record-breaking job growth in the private sector.

New York State’s economy continued to grow in May as it added 21,300 private sector jobs, reaching a new all-time high and outpacing job growth nationwide. This marked the 18th consecutive month of private sector employment gains. Our state’s jobless rate remained at 6.7%, its lowest level since late 2008,” said Wynnyk.

Governor Andrew M. Cuomo is credited with helping rebuild New York’s employment industry, having overseen the record growth of the last few years.  Since his inauguration on January 1, 2011, the New York State economy has added 466,000 private sector jobs, and experienced job increases in 36 of the last 41 months – including 18 consecutive months of growth in the private sector.

Over the past year, private educational and health services sectors experienced the most growth, adding +36,300 jobs to New York’s economy.  Professional and business services had the second largest increase in jobs with +30,100.  New York’s trade, transportation and utilities sector added +23,300, third most in the state.

Numbers like these are inspiring New York’s job seekers to prepare themselves like never before for this ultra-competitive job market.  This business mecca attracts the world’s top talent, and requires that you are not only highly-qualified, but that your application and resume also pass rigorous screening processes done prior to selecting candidates for interviewing.  Without a first-class resume, many highly-capable job seekers fall by the wayside.  Job seekers owe it to themselves to take advantage of every asset available when pursuing their next career.

With connections to major employers throughout the “Empire State,” Crossroads Consulting has all of the resources available to help you pursue a top-tier career.  Let their 20 years of experience in the greater NYC area provide you with an inside track to the position you deserve.  They’ll help you prepare your resume and even teach you how to successfully conduct yourself during an interview.  The job industry has changed significantly over the past few years; let them help you maximize your chances in this highly-competitive market. Send your resume to info@crossroadsconsulting.com, or call them at 203-459-9969.

PRITCHETT: VETERANS NEEDING JOBS

Casey PritchettBY: Philip Pritchett

While the jobs crisis in the United States seems to ever so slowly rebound, according to an article in the Chicago Tribune, our nations’ veterans somehow are finding themselves at a disadvantage to non-veterans when seeking employment.  Coming from a highly structured world would seem to be an advantage for veterans looking for employment, but it is not.  The world we live in is much less structured than the world these veterans found themselves in during their service.

“It’s a very sticky problem we’ve seen year after year here, especially for young veterans,” said Erica Borggren, director of the Illinois Department of Veterans’ Affairs.  “They’re coming back to an incredibly competitive environment where employers tend to stick with what they know instead of take a bet on military members who have incredible value,” said Bridget Altenburg, COO of the veterans’ advocacy group National Able Network.  Altenburg explains, “It’s possible that veterans who joined the service after high school have never written a resume or interviewed for a job.”

In many cases, the training these veterans receive during their time of service is often overlooked, and unrecognized by today’s job market  The ability to translate these skills can be a huge asset in their attempt to find suitable employment.

Fortunately, an employment agency like Crossroads Consulting is available to help, “put the ‘human’ back into ‘human resources.’”   One of the world’s most unique Executive Recruiting agencies, Crossroads Consulting has a goal of contributing to the decrease in the unemployment rate – especially among the nations’ veterans – in whatever way they can.  With over 50 job opportunities currently available, (see them all here) they have something for just about everyone.  Need help writing your resume, or preparing for that big interview, Crossroads Consulting has that covered for you too… (Sign up for it here)

   Whether you’re unemployed or just unsatisfied with your current employer, Crossroads Consulting can help.  They have all the connections needed to help you land your dream job.  The quest to find a rewarding career can be a lonely one.  Shouldn’t you have an expert on your side?  Send your resume, TODAY to info@crossroadsconsulting.com, or give them a call at (203) 459-9969; you’ll be glad you did!

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“Hello, Hello, Hello………Is There Anybody In There?”

Zemanta Related Posts ThumbnailBY: Philip Pritchett

According to a report from ABC News, the US Labor Department, unemployment rates fell from 6.7% in March 2014 to 6.3% in April 2014.  Nationally, 288,000 jobs were created, making April’s increase in hiring the biggest increase of the last 2 ½ years.  Still, in this report, many job seekers are unable to find jobs that they want.  More often than not, many are also unaware of resources available to help them land their dream job.

With today’s job market as competitive as ever, getting your resume in the hands of the hiring manager can be the biggest challenge.  Timing is key in this process, and having a network of professionals who are familiar with the industry, and companies within it is a must.  A professor of mine at Florida State University once told me that applying for a job that had been posted for more than 3 days was a, “waste of time.”   Take a look around, most job postings you’d probably be interested in are well over 3 days old.   Thus, the process of looking for a job, even when well-qualified, can be a pretty intimidating obstacle.  How often do you see a job posting that’s perfect, but it’s two weeks old?  Wouldn’t it be nice to have a team of experts on your side?

Fortunately, an employment agency like Crossroads Consulting is available to help, “Put the human back in human resources.”   Perhaps the world’s most unique Executive Recruiting agency, Crossroads Consulting’s goal is to decrease the unemployment rate however they can.  With over 50 job placements available, they have something for everyone.  They will help you write your resume, get you ready for your interviews, and even prepare you for salary negotiations.

Whether you’re unemployed or just unsatisfied with your current employer, Crossroads Consulting can help.  They have all the connections needed to help you land your dream job.  The quest to find a rewarding career can be a lonely one.  Shouldn’t you have an expert on your side?  Send them your resume, TODAY, at info@crossroadsconsulting.com, or give them a call at (203) 459-9969; you’ll be glad you did!

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DAMMIT JANET… WHAT’S WITH THE JOB MARKET?

Janet YellenAn End in Sight?

BY: Brian St. Louis

It’s no question that the recent recession of ‘08 hit the US hard. Many small businesses were forced to shut down, and many larger corporations required millions (if not billions) in bailouts. But at least we’re out of the woods now right? According to a recent interview with Federal Reserve Chair Janet Yellen, at Bloomberg.com, there may still be a long road ahead of those looking for the job market to rebound.

“This extraordinary commitment is still needed and will be for some time, and I believe that view is widely shared by my fellow policy makers… The scars from the Great Recession remain, and reaching our goals will take time” says Yellen at a recent conference in Chicago.

Yellen goes on to emphasize that the government is looking to put 10.5 unemployed Americans back to work, and this is its main goal. So far in January 2014, the unemployment rate was the lowest it has been since October 2008, at 6.6 percent. In the recent months however, data shows that number is increasing slightly, up to 6.7 percent. This seems to contradict the fact that the economy created 175,000 in February, which is more than the projected number of jobs thought to be created.

Yellen also mentions a larger amount of ‘slack’ in the open job market, citing evidence such as “Large numbers of partly unemployed workers, stagnant wages, lower labor-force participation and longer periods of joblessness.” Yellen makes it clear that she doesn’t just want to decrease the unemployment rate but also the part-time employment rate, as there are still over 7 million Americans working part-time who would rather be working full time.

Although Yellen does not give a specific timetable, she makes it clear that even though the economy is still feeling the after effects of the ‘Great Recession’ as she calls it, and makes a point to mention that the government is not done trying to jump start the economy. Whether or not the idea of job creation and massive stimulation of  the economy will work in the long run is still yet to be seen, but whether it works or not the government has clearly not forgotten about all those Americans hurt by the recession.

At Crossroads Consulting, our job is to help to decrease the unemployment rate however we can. With over 50 job placements available, there is something here for everybody. We also provide a resume preparation service for which anybody can seek help building and maintaining a strong image for potential employers.

Here at Crossroads Consulting, we put the ‘Human’ back into ‘Human Resources.’

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FED RESERVE HURTING YOUR JOB CHANCES?

English:

(Photo credit: Wikipedia)

BY: Adam Gavriel

The Federal Reserve has a dual mandate to promote price stability and ensure full employment. It has yet to achieve either. It has set an annual inflation target of 2 percent, yet the consumer price index rose only 0.1 percent in May after falling 0.4 percent in April, and it was up only 1.4 percent in the 12 months ending in May.” 

This quote pulled from an article published on Bloomberg.com Monday by author A Gary Shilling, is an authors clear frustrations boiling over and onto the page.

Mr. Shilling continues: “The central bank hasn’t defined what it would consider full employment, even when it pledged to continue buying $85 billion in securities each month ‘until the outlook for the labor market has improved substantially.’” 

The Federal Reserve’s efforts have not appeared to be overly effective in the employment market. Despite a recovery, and a slow by steady improvement, the US unemployment rate remains at 7.6 percent – relatively high for historical standards.

About 1.65 million more people would have jobs if the unemployment rate dropped to the Fed’s trigger level of 6.5 percent. Even though the Fed hasn’t specified a full-employment rate, past discussions suggest it believes that 5 percent to 6 percent joblessness is possible without straining labor markets. A 5.5 percent rate would add an additional 1.6 million employees, for a totally of 3.2 million.” 

Unfortunately for the American economy and job seekers, the United States unemployment rate hasn’t been below 6 percent since July 2008, and hasn’t been five percent or lower since April 2008; now over five years ago.

This report from Mr. Shilling has to be one of the most informative we have seen on the Economy in quite some time. The veteran expert on the economy paints a bleaker picture than the numbers are trying to convey. While the American economy remains in a recovering trend, the numbers simply do not reflect where the country needs to be. Underemployment and labor participation rates continue to truly reflect what continues to be a struggling nation.

As an employment agency, we at Crossroads Consulting take these numbers to heart when they are released. In the office we are in a position to directly impact the Nation’s economy as a whole, and we take pride in our ability to help our neighbors.

Conducting business as a search firm, it is also our duty to find you. Unfortunately, we can’t find all of you. We implore you to use us as your connection into the position you have been looking for. Crossroads Consulting is currently hiring nearly 50 positions located around the United States, but we can’t fill them without YOU.

Even if you can’t find a position that you’re looking for on our website, make sure you email us your resume TODAY. Not confident in your resume? We have a recommended resume service that will make sure your resume most effectively jumps off the page to potential employers.

We want to be there from step one, until you’re walking into the office on your first day. Our mission is to put the ‘human’ back into ‘human resources.