Tag Archives: October

DECEMBER JOBS NUMBERS – DECEIVING US AGAIN?

0110jobsreportBY: Adam Gavriel

December’s numbers on United States unemployment percentages show just how much you need to question the reports. Despite adding just 74,000 jobs in December, the US Unemployment rated dropped 0.3% to 6.7% from 7%.

The 74,000 jobs that were added came in at 123,000 LESS than expected job adds for the month, according to Forbes. On top of the unemployment rate, the labor force participation dropped to 62.8%, the lowest rate in more than 35 years. The labor force participation rate is defined as the ratio between the labor force and the overall size of the population.

“’This has been a two steps forward and one step back recovery,’ said Mark Hamrick, Washington bureau chief at Bankrate.com, in a phone interview. While the lowest since October 2008 unemployment rate looks strong that survey only counts people who are looking for work as unemployed, suggesting many people left the labor market last month. The number of unemployed declined by 490,000 to 10.4 million”

Chief US Economist Paul Ashworth believes the low job numbers could be attributed to the poor weather the nation experienced in December. In a survey, 273,000 people reported not being able to work due to weather in December. In November, this number was just 37,000.

“In a phone conversation, PNC Chief Economist Stuart Hoffman urged people to take the new data in stride, noting that if you average the October, November and December numbers you get 172,000 jobs added a month, not far from the 182,000 per month average for the year. ‘Maybe it does mean you curb your enthusiasm a little bit about the economy being ready to break out on the upside, but I don’ t think there is any last weakness.’ He also expects upward revisions to December and 2013.”

The article dissected the numbers a bit further, and reported:

“The jobs that were added came largely from retail and wholesale trade which gained 55,000 and 15,000 jobs respectively. In retail, food stores and clothing stores added 12,000 each, general merchandisers added 8,000 and care dealers added 7,000. The holiday season hiring beat the retail 2013 average by 23,000… manufacturing and mining also added jobs.”

So while on the surface, the 6.7% unemployment is a great thing, looking a little deeper at the numbers could reveal a different story. The unemployment rate never accounts for Americans who have left the job force, and you have to believe with just 74,000 jobs added in December, and the Unemployment rate shrinking, that might have been a figure quite high for Americans liking.

At Crossroads Consulting, we wait, eager and ready to help America’s unemployment rate decline the right way. With nearly 50 positions we are looking to fill TODAY, get in touch with one of our recruiters. Don’t hesitate to reach out about any of our services, including our recommended resume building service, or any job we have you may be interested in.

At Crossroads Consulting, we are making it our mission to put the ‘human’ back into ‘human resources

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THINGS AIN’T SO BRIGHT AND RICH IN CONNECTICUT

BY: Adam Gavriel

A report released recently by The Connecticut Policy Institute shows exactly what Connecticut residents have been feeling recently is indeed a fact – gloomy days are here.

The latest data shows that Connecticut job growth has been lagging behind not only the nation, but also the northeast.

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From the report:

“The department’s survey of employers indicates three consecutive months of job losses, almost entirely erasing the 10,000-job gain posted in July. Over the summer state officials and other observers celebrated that gain with much fanfare, but as the CPI hypothesized  at the time it appears to have largely been a statistical anomaly. As the charts above and below show, the employer survey’s longer-term trajectory remains one of slow growth, lagging both the country as a whole and most of Connecticut’s northeast neighbors”

Further details show that out of the 9 northeastern states surveyed, Connecticut ranks 7th in both Nonfarm Employment and Residents Employed with growth of 0.6 percent and decline of 0.5 percent respectively.

Despite the uptick in employment for September and October, the household survey continues to show net losses over the year, and Connecticut lagging behind the rest of the nation.

According to CNN Money, Connecticut’s state 8.1 percent unemployment ranks 37th in the United States.

As an employment firm based in Connecticut, we here at Crossroads Consulting do not take too kindly to these numbers. They reflect on us, and on Connecticut as a whole as neighbors, friends, and connections. We know we need to work together to dig out of the hole that the nation was put into with the Great Recession.

With nearly 50 job openings,, many in Connecticut, we hope to make these numbers tick in Connecticut’s favor, and get Connecticut back to where it deserves to be. Let us reach out a helping hand with our recommended resume and interview preparation services.

Remember, we’re here at Crossroads Consulting to put the ‘human’ back into ‘human resources’

 

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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

PAGING ACCURATE UNEMPLOYMENT NUMBERS…PAGING ACCURATE UNEMPLOYMENT NUMBERS!

BY: Adam Gavriel

The November jobs report has arrived and boy was it discouraging.

Gallup reported on Wednesday that there was a huge increase in the United States unemployment number jumping from a reported 7% in October to close to 8% again moving to 7.8% for November. Seasonally adjusted unemployment rose from 7.4% in October to 8.3% over the same time frame.

Though the cause for the huge jump in unemployment is not clear, some economists believe it could be due to jobs lost to the devastating Hurricane Sandy. Economists also believe that it could be due to a very lackluster holiday hiring season.

Looking at November alone, it’s not as bad as it has been as the unemployment rate remains below 8% and at 7.8% is the 2nd best month reported in the year 2012. However after the unemployment rate hit a huge low at 7% in October, and just after the presidential election, it is discouraging to say the least that the unemployment rate is now a reported 7.8%

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A report from Bloomberg shows a different side however, reporting that the number of people seeking unemployment fell heavily last week. The report at Bloomberg states that this could be due to those who filed for unemployment in the wake of Hurricane Sandy now back at work. The number reported showing that applicants dropped 25,000 last week and fell to a seasonally adjusted 375,000. In the week ending November 10th, just 12 days before the biggest day of thanks in the nation, unemployment applicants was at 451,000 so it is very encouraging to see that number continue to drop.

From Bloomberg:

“The report is “a positive development for the labor market, which appears to be recovering from the temporary effects of Sandy more rapidly than originally anticipated,” Joseph LaVorgna, an economist at Deutsche Bank, said in a note to clients.”

This report provides little encouragement however on top of the news of the unemployment rate skyrocketing today. Hopefully, as more and more get off of their temporary stay on unemployment aid, the unemployment rate returns to a manageable level.

The news doesn’t end there however. Further reports from Gallup show that Small-Business Owners continue to slow down their hiring. Small-Businesses are the engine that run the United States economy and when they’re not hiring it’s easy to tell which way the economy will head. Net hiring intention for the next 12 months plummeted to -4 matching its previous record low.

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Gallup also reported that small-business owners who intend to decrease jobs at their companies sky-rocketed to 21%, while those who intend on adding jobs dropped to 17%

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All further signs that this recession is here to stay.

Here at Crossroads Consulting, LLC. we are working to try and keep the unemployment rate in the country as low as possible. We understand that the motor that feeds a strong economy is a strong working class, and getting people in to jobs and lowering the unemployment rate. That’s what we strive to do every day. Check out our listings. We have over 50 positions, many unadvertised on our website. Don’t be shy about applying either; we want to see your resume. If you’re not confident in your resume, don’t worry, we can help you there as well with our recommended resume optimization process.

Remember, at Crossroads Consulting we’re trying to put the ‘human’ back into ‘human resources.’

SALES DROP – SPIRITS CAN’T

BY: Adam Gavriel

Despite what the results from the 2012 United States Presidential Election might tell you, with Americans re-electing Barack Obama, the US economy is a LONG way from improving.

According to a report at Bloomberg.com, for the first time in four months, U.S. retail sales fell in October.

It’s reasonable to attribute a small part of that drop to the devastation that Hurricane Sandy brought to the Northeastern United States, and the country’s biggest hub in New York City, but that certainly wasn’t enough to account for it all.

“There’s probably some hurricane impact,” Neil Dutta, head of U.S. economics at Renaissance Macro Research LLC in New York said. “But when consumers are cautious they tend to spend more on staples than discretionary items, and that’s exactly what happened this month.” It was Dutta, who correctly forecasted the October decline in sales. “The broad story is that consumers remain cautious.”

While the 0.3% drop seems on the surface to be a small number, it continues to show that consumer confidence is falling, and by extension that’s less money is being pumped into the economy. The bad economy might also explain the drop in the auto-industry, an Obama favorite talking point during the 2012 election cycle. The auto industry saw its sales decrease in October by 1.5%.

The report of the drop in retail sales comes on the heels of the reported 7.9% unemployment rate in October, the second month in a row the US average has remained below 8% and still higher when the POTUS took office four years ago.

Some believe this drop will be an aberration with the prime shopping holiday-season rapidly approaching.

“As the holiday shopping seasons begins, Hasbro Inc. (HAS)’s retail customers are ‘looking forward to a good year,’ said David Hargreaves, Chief Operating Officer of the Pawtucket, Rhode Island-based toymaker, during a conference call with analysts on Oct. 22. ‘Certainly consumer demand has held up pretty well. I think they’re sort of cautiously optimistic.’”

While the economy continues to languish somewhere between just being a soft economy and flat out recession, millions of Americans are still finding themselves out of work with no end in sight. In fact so many are depressed in their inability to find work; they have given up searching for it altogether. That’s why Crossroads Consulting can be so helpful in these extremely difficult times. We’re ardent optimists and we believe in the strength of America. We have not given up hope and believe that our best days still lie ahead. There needs to be cooperation in Washington among both Conservatives and Liberals to work together to resolve what issues we’re facing.

Don’t give up! Go out and make connections and then use them. Find online resources or professionals to help and use them. At Crossroads Consulting we have a plethora of job openings from all across the nation that we are looking to fill TODAY. If you’re not confident in your resume, there’s no reason to not let us have a look at it for you. We want to help you from step 1, to the day you walk into your new position. Let us help you as we, “Put the ‘human’ back into ‘human resources.’