Tag Archives: report

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

SEPTEMBER US JOB REPORT CARD – PASS OR FAIL?

jobs-reportBY: Adam Gavriel

Amidst everything the government shutdown put Americans through, September’s job report stayed true to the slow and steady progress that has gripped the nation since the Great Recession began.

The report shows an unemployment rate of 7.2% down from 7.3% in August, and that the U.S. economy added 148,000 jobs in September.

Although hiring was lower than economists expected, it was still enough to lower the unemployment rate to 7.2 percent. According to the Associated Press, the nation averaged a positive gain of 182,000 jobs per month from April through June, and has averaged just 143,000 jobs a month from July through September.

Many economists are weary of the October report, which may be very highly effected by the shutdown. Fortunately, this is only to be a temporary effect on a long-term problem. With this, economists understand that they may not have a clear look at unemployment until the November or December jobs report. 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.

NEWEST EMPLOYMENT NUMBERS, “A PUNCH TO THE GUT”

BY: Adam Gavriel

The United States unemployment numbers for March have been released, and they are less than stellar. While continuing to trend in a positive direction, hiring slowed to a near crawl in the month of March.

Just 88,000 jobs were added to the United States economy dropping the unemployment rate to 7.6% a far cry from the predicted number of near 200,000 jobs being added.

“This is a punch to the gut,” Austan Goolsbee, former Chairman of the Council of Economic Advisors under President Obama, said on CNBC. “This is not a good number.” 

A bigger factor in the rate dropping 0.1% from February to March may have been the number of Americans who left the workforce altogether. According to a report from the Huffington Post, 496,000 workers left the labor-force completely.

On top of this, the percentage of people eligible for work and looking for work fell to 63.3% its lowest figure since 1979.

The report states that the March report has yet to even feel the force of the “sequester” that is coming from the government, which is predicted to have a huge effect on the United States employment situation.

“Sharp cuts in government spending implemented March 1 are only beginning to show their ugly consequences,” Heather Boushey, an economist with the liberal think-tank Center for American Progress, said in an email. “While it’s too early to know what the full impact will be on the unemployment rate, government spending cuts are stealing wind from the sails of the recovery.”

Although trending in a positive direction, the numbers reported this past week speak volumes of the direction this country is headed. While a slow recovery continues to take place, government spending cuts that will come across the board will soon wreak its havoc on the United States jobs report. As spending cuts take effect, more and more organizations will not only cut hiring, but also even begin layoffs.

The optimism of any huge recover is slowly fading away as Americans exit the workforce in fear of the future.

Here at Crossroads Consulting we strongly advise against giving up hope. The jobs are out there, and we have a few of them! Please come over to our website and take a look at the over 50 job postings we have that we are looking to fill TODAY. If you’re not confident in your resume helping you grab that position you’ve always wanted, we have you covered there with our recommended resume service.

So now, there’s really only one question we have to ask you. Why haven’t YOU contacted us yet?

Remember, we’re here to put the “human” back into “human resources.”

UNEMPLOYMENT NUMBERS JUMP AGAIN

BY: Adam Gavriel

The first signs of government spending may have just reared its ugly head on the United States unemployment market. According to an article published today by the Denver Post, the number of Americans seeking unemployment aid jumped by 28,000 last week, the third such spike in three weeks. Weekly applications rose to 385,000, the highest number since last November.

Early reports are pointing to the indication that companies are beginning to slow hiring after four months of strong job growth in the United States. From the article:

“We suspect the surge in the last two weeks reflects seasonal adjustment problems more than any fundamental change in the trend, but of course that remains to be seen,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics, in a note to clients. 

With the March jobs report set to be released tomorrow, economists are expecting nearly 200,000 jobs to be added to the report. These economists may have to check their numbers however, as more and more Americans continue to seek government aid. Growth is not unexpected, however it is expected to be at a much calmer level than that of which we have seen in recent months as companies begin to slow down.

Two reports Wednesday, however, suggested companies may have grown more cautious last month. Services companies grew in March but at a slower pace than in February, according to the Institute for Supply Management, a trade group. Service firms, which include retailers, hotels, restaurants and financial companies, cut back on hiring and a measure of new orders fell.

Several economists have already begun revising their expected numbers for the released March jobs report.

The recovery of the United States job market continues to be a roller coaster ride for many Americans seeking work. At moments it looks like it is ready to boom at any second, but then takes an unexpected fall-off.

While economists are expecting a positive jobs report, it will be at a slower pace than what we have been seeing the past few months. Any growth is certainly a positive, but in order to get the country moving forward again, the pace needs to quicken.

Unfortunately, with government spending cuts looming on the horizon, the trend beginning in March of slow growth is set to continue.

As always, we like to assure our readers that the jobs are out there! Come on over to the Crossroads Consulting website and browse our job openings from across the nation that we are looking to fill TODAY! If you’ve been in the job market for a while, but aren’t getting the responses you’re looking for and feel your resume is to blame? We can help you there too with our recommended resume service.

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

JOBS, JOBS, JOBS…REPORT

BY: Adam Gavriel

The February Jobs Report is set to be released tomorrow morning, and economists are expecting good news. Last week, the number of Americans seeking unemployment fell to 340,000 according to a story on ABCNews.com. The past four week average for jobless claims has now hit a five year low, showing a positive slide into a favorable number for the economy.

The article states that weekly applications are a proxy for layoffs, when they fall, it suggests that companies are shedding fewer jobs.

Analysts are predicting that companies added 152,000 jobs, which should see the unemployment rate fall from 7.9% to 7.8% in February.

It is important to note that these movements are still very small, but it is encouraging seeing the movements going in the right direction for Americans.

The improvement is still gradual, but at least things are moving in the right direction,” Paul Ashworth, an economist at Capital Economics, said in a note to clients.

It is being reported that services firms, such as retailers and construction companies added jobs at a very substantial rate this past month. Factories also added workers in February, albeit at a smaller rate than the aforementioned retailers and construction.

The number of Americans receiving unemployment aid fell to 5.4 million, a drop of 362,000 from the week preceding.

Auto sales and home sales have also seen major increases in the last few months. New-home sales rose 16% in January to the highest levels in over four years. Home prices are also beginning to rise steadily again.

It is not all good news in America however, as the numbers may regress to their new mean in the coming months. After $85 billion in government spending cuts were put into effect after March 1st, many analysts believe this could cost the country 700,000 jobs, and even reduce unemployment checks for those who have been out of work for more than six months. The number also does not take into account those long-term unemployed who have dropped out of searching for a job.

Benefits currently average about $320 per week nationwide.

At Crossroads Consulting, we are doing what we can to get Americans working again, and trying to do our part in making sure that unemployment rate stays as low as it can. With over 50 job postings across the nation (and even some internationally!) we want to get you the job you’ve been waiting for. If you’re not confident in our resume, we can help you there as well with our recommended resume service.

If you’ve been out of work, or are getting frustrated with the hiring process, please contact us today and we will do whatever we can to help.

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

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.’