Tag Archives: United States Department of Labor

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.

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

NATION IS BLEEDING JOBS

stock-photo-layoffs-and-recession-newspaper-headlines-documenting-deep-job-cuts-24000538BY: Adam Gavriel

Once again, the numbers are not all as they seem.

A report from the Washington Associated Press has new figures coming in that 20 states had to cut jobs in August. This of course suggesting that the modest improvement in the U.S. economy is just that – modest; and not benefiting the entire nation.

“The Labor Department said Friday that 29 states added jobs, while Montana showed no net gain or loss in August. Unemployment rates rose in 18 states, fell in 17 and were unchanged in 15.”

Jim Diffley, chief US regional economist at IHS Global Insight states “the picture is decidedly mixed,” and “we’re still optimistic about the improvement (in hiring), but it’s been slow.”

It sure has, Jim.

“The tepid hiring gains mean that most states still have fewer jobs than they did when the recession began in December 2007. HIS Global Insight forecasts that only 18 states will have returned to their pre-recession job levels by the end of this year.”

The United States still has 1.9 million fewer jobs than before the recession began, and hiring has averaged just 155,000 a month since April.

Nevada, despite adding 11,200 to the payroll number, has the highest unemployment rate in the nation at 9.5 percent. Illinois would come in at second-to-last with 9.2 percent, and North Dakota remains at the top with an unemployment rate of just 3 percent.

It is still baffling to all that the United States economy is as much in shambles as the New York Giants offensive line. And while blowing it up and starting over for the New York Giants might be the correct play, you certainly can’t implode an economy and start from the bottom to move your way to the top.

To help the economy, we need to help each other. We need to work our connections, we need to get diligent in everything we need to do, we need to lend a helping hand. And I say we here referring to us here at Crossroads Consulting, you – reading this blog – and to every American that will listen. It takes a country effort, to rebuild and continue the growth of the nation.

There are jobs out there though, we promise. And at Crossroads Consulting, a professional search firm, we understand that not only are jobs hard to come by – but the competition for these jobs can be fierce.

Please take a trip over to Crossroads Consulting today to look at the job openings we are seeking to fill. If you’re not confident in your resume, or have been too long out of the job search game, we can help you there too with our recommended resume and interview preparation services.

If nothing else, we would love to give you a friendly face to speak with during your job searching time. That is our mission here at Crossroads Consulting – to put the ‘human’ back into ‘human resources’

REAL UNEMPLOYMENT NUMBERS UNSATISFACTORY – AGAIN!

???????BY: Adam Gavriel

Hope springs eternal… or at least that’s how the saying goes.

A report recently released from CNN shows that first-time claims for unemployment levels suddenly decreased to their lowest level since 2006 for the week ended September 7th.

“About 292,000 people filed initial claims for unemployment benefits in the week ending September 7, the Labor Department reported Thursday morning. That’s a dramatic 31,000 drop to the lowest level since April 2006.”

Unfortunately, the Labor Department also noted that two states reported incomplete results, and that number is suspected to increase in the next few weeks.

And of course, as with most reported numbers, not everything is as cheery as it seems. 11.3 million Americans still remain unemployed, and this number doesn’t take into account Americans who have left the workforce, underemployed Americans, or those working part-time jobs who are seeking full-time employment.

The Great Recession is aptly named.

CNN continues to report in the article that there are about three unemployed people for every one job opening. Hiring is too stagnant to keep up with the demand of those looking for work, which will continue to mire the American economy in its slow recovery.

“’The underlying story in jobless claims is one of a continued improvement,’ said Yelena Shulyatyeva, a market economist at BNP Paribas. ‘However, as we continue to highlight, claims have not provided the best read on overall labor market conditions since they only capture the pace of firing and not what is happening on the hiring front.’”

These numbers continue to provide the facts, as long as you dig deep enough to find them.

While the released reports last month of the unemployment number dropping paint a rosy picture, the truth is not a simple. This Great Recession is truly that, and the stagnant pace the recovery is going at, will continue to provide the economy we live in with its name.

That’s why at Crossroads Consulting we’re doing everything we can to get the artists to start painting a new picture. With our job openings that we are looking to fill today, we want to hear from you. As an employment agency seeking to help out however we can, please do not hesitate to contact us today. If you’re not comfortable with your resume, we can help you there too with our recommended resume service.

We’re doing our best to get in contact with you, and we hope you take the time to reach out to us, and let us know how we can help you.

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

STOCKS AND THE MARKET AND EMPLOYMENT

BY: Adam Gavriel

The best reflection of how the United States economy, and the world economy in some cases, is going is shown by the stock market. What’s even more incredible about this, is that is an instant indicator, and one that will tell a story in very few words. The stock market can make or break a fortune; but if a picture says a thousand words, how many words does a graph say?

1graph

Here is a graph of today’s market movements so far. In blue, the Dow, in red, the NASDAQ, and in yellow, the S&P 500. All trending downward since the market opened this morning.

This is all because early Wednesday morning reports cited that the economy is continuing to “recover” at its incredibly sluggish pace.

From an article posted on Yahoo! News this morning:

“Investors have become increasingly sensitive to economic reports in the last two weeks. They are trying to anticipate when the Federal Reserve will pull back on its $85 billion of bond purchases a month. That program has supported markets this year, and on some days stocks have even rallied on speculation that an ailing economy would ensure the stimulus will remain in place.

“We’re pleased to see the market sell off on some bad news,” said John Lynch, a regional chief investment officer for Wells Fargo private bank. “The whole idea that bad news was good news was frustrating because it suggests to me that the markets are becoming too Fed-dependent.””

On Friday, the United States Department of Labor will release the employment report from the month of May. Many economists expect the Unemployment rate to continue dropping to a more manageable number. The problem will continue to lie in the speed of the recovery, which is making the economy seem more and more stagnant every month.

As an employment agency, we are seeking candidates every day to fill the open job positions that we have TODAY. We pride ourselves on being a search firm, so we may find you before you find us, but wouldn’t it be greater to meet in the middle somewhere?

At Crossroads Consulting, we firmly believe in being an employment agency that fully understands their clients on both sides of the employment spectrum, we aim to be human. That is why it is our goal as a search firm to put the ‘human’ back into ‘human resources.’

If you’re not comfortable in your resume, we can help you there with our recommended resume service.

Please do not hesitate to get in contact with us, because it is only together that we can speed up the rate at which unemployment falls!

CT…NOT OPEN FOR BUSINESS?

BY: Adam Gavriel

When you think about the government of the United States, what’s the first thing that comes to mind?

Democracy. George Washington. Founding Fathers. Leaders who would do anything to get the job done, by the people and for the people.

Is that what we get today?

According to a report from the Connecticut Business and Industry Association, the Connecticut government has come up with numerous workplace measures that will make it harder for the businessman in CT. Most importantly is the raise of mandatory wages, unemployment benefits, and steeper administrative hurdles.

First, workers compensation changes:

HB 6556 will allow employees to make new “sick building” illness claims, and make it harder for employers to challenge them.

SB 823 will allow employees to pursue workers’ compensation claims for psychological injuries.

SB 907 will create a paperwork nightmare for employers to challenge workers’ compensation claims, while SB 1074 will, with some modifications, stop medical claims and expenses from going through the roof for employers.

This all sounds great for employees, but if employer’s costs spike, hiring will plummet.

On to Unemployment Compensation:

The labor committee approved SB 188 which will allow teachers to collect benefits while pursuing further education, instead of being “available for work” or “actively looking for a new job” the two key features in being available for unemployment benefits.

SB 909 will penalize the false unemployment claims of individuals, but punish employers in a case where the Department of Labor paid out and the affected businesses did not participate in the claims procedure.

As we know, if you keep up with the blog, that Small Businesses drive the economy, well, here’s one from Connecticut… HB 6451 will penalize employers if they fail to register with the Department of Labor with unemployment compensation within 30 days of starting or acquiring a business. The committee would also approve a 10% to 15% penalty for employers if they willfully fail to declare wage payments on quarterly reports.

Again, more and more costs for managers and employers.

How about Wages and Benefits? 

With a minimum wage hike in SB 387, many economists believe this will reduce entry-level jobs, and a standard wage bill (HB 5756) that will discourage companies from doing business with the state.

SB 906 will make the process for direct deposit for employees have to go through loopholes, requiring more training and or the hiring of another employee.

What most of these new bills have in common is that they will severely raise costs for Connecticut employers. Though the minds of politicians seems to be in the correct place, the practices are not following suit. It is understandable that politicians would want to increase the wages of their workers, but it is the employers who will suffer immediately, and then in turn the employees who will take the ultimate hit.

This is specifically the case with SB 387, which many believe will ultimately destroy the entry-level opportunities that are needed for college and high school graduates. A recent report from Yahoo! News cited that 40% of college graduates are unemployed or underemployed, having difficulties finding the correct entry-level job that can provide the training necessary to build a career. If managers have to pay higher wages for entry-level workers than they already have to, they’re going to be very picky about the talent that they choose. This of course will call for a huge increase in underemployed and unemployed college graduates.

As a small business directly affected by these measures, at Crossroads Consulting we will continue to make sure that we do what ever it takes to get you into one of our over 50 open positions.

As we try to put the ‘human’ back into ‘human resources,’ we hope the government remembers that they operate ‘for the people.’

HOPE ON THE HORIZON?

BY: Adam Gavriel

Perhaps there is hope on the horizon.

According to an article released this morning from Bloomberg.com, the number of Americans filing for jobless claims dropped to a 5-year low this past week. This may signal a bit of optimism from employers, who are becoming more willing to hold on to their workers.

“Applications for unemployment insurance payments decreased by 4,000 to 323,000 in the week ended May 4, the least since January 2008, Labor Department figures showed today. Economists forecast 335,000 claims, according to the median estimate in a Bloomberg survey. For the first time, the average over the past month was the lowest since before the last recession began.” 

Dismissals and firings have dropped off in recent days, as employers are confident in their current workers to handle the load. Unfortunately, hiring is not following suit as the American unemployment rate remains high at 7.5%

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There is only so much companies can cut layoffs before they have to start thinking about adding to headcounts,” said Guy Berger, an economist at RBS Securities Inc. in Stamford,Connecticut, who projected claims would drop to 325,000, the lowest forecast in the Bloomberg survey. “The longer this continues, the more likely companies will have to add to headcounts.”

These numbers bode well for those already employed, but what about Americans who are still looking for work? 1.76 million Americans have already used up traditional benefits, and are currently collecting emergency and extended payments. On top of that figure, 3.01 million Americans are still collecting jobless benefits and a reported 11.7 million Americans remain unemployed.

There remains a bit of pessimism on the horizon, as the government sequester and spending cuts loom, small businesses are holding their money a little bit closer to their wallets

As a small business ourselves, our job at Crossroads Consulting is to get YOU working again. Every time we see the United States unemployment rate as high as it is (because let’s be real, 7.5% is still way too high!) we take it to heart. With services to get you employed from start to finish with our recommended resume service, and our nationwide job postings we are looking to fill TODAY, we want to hear from you.

We can promise you that the job hunt with Crossroads Consulting is a different, and overall rewarding experience. Remember, we’re here to put the ‘human’ back into ‘human resources.’