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Tag >> jobs
Employers beware. Your rank and file is becoming increasingly restless as the jobs picture brightens. Don't be surprised if you see an exodus of employee as more and more of your rivals post "hiring" signs on their websites.
If you are looking for a finance-related job, move to San Francisco. Accounting Principals, an accounting and finance staffing provider, says the Bay Area state tops its list of best cities to find a job in finance today. The ranking is based on internal data from its branches around the country, taking into account the volume of job openings in the past quarter.
Is the employment picture starting to brighten? We'll get a good reading on Friday when the government releases its April jobs report. Then less reliable ADP report released Wednesday, however, showed that private employers added 179,000 jobs in April, which was below consensus expectations. One potential forward-looking reading does suggest that the unemployment rate will continue to drop.
CEOs continued to grow more upbeat about the overall economy and their own company's prospects. According to the results of Business Roundtable's first quarter 2011 CEO Economic Outlook Survey member CEOs estimate real GDP will grow by 2.9 percent in 2011, an increase from the 2.5 percent expected in the fourth quarter of 2010.
The startup rate is high, but most of those enterprises are sole proprietorships. That's according to research from the Kauffman Foundation. (For more on the topic of no-employee businesses, see today's post by my colleague Steve Taub.) It found that more Americans have launched their own business than any time in the past 15 years. But many of them are flying solo. Specifically the Kauffman Index of Entrepreneurial Activity found that .34 percent of American adults started a business each month in 2010-565,000 firms. At the same time, the quarterly employer firm rate dropped from .13 percent in 2007 to .10 percent in 2010.
Let's face it. Seemingly every day another piece of data is reported that suggest the economy is on the road to recovery...except for jobs. Sure the unemployment rate is down to 8.9 percent, the lowest level since April of 2009 as 192,000 jobs were added last month. Also, the December and January new jobs numbers were revised upward by a total of 58,000 jobs.
A civil war has broken out in the US and the main weapon being deployed is envy. The war is over Other People's Money. It has been raging for more than two years now and is threatening to escalate.
Here we go again. The disappointing number of jobs created in December has renewed calls for incentives to boost hiring by small companies. After all, goes the conventional wisdom, most new jobs are created by the puniest companies in our country, the backbone of the US economy.
Job growth has arrived. A number of companies are hiring again, including both small businesses and the largest corporations. Trouble is, the data has not yet seeped into the government's reports, which politicians and policymakers eagerly seize and use to support their personal narrative.
Contrary to what a number of politicians have asserted in recent days, the current jobless rate is not due to a pervasive desire to cash unemployment checks and lounge around or a desire to become "hobos," as Sen. Richard Burr (R-NC) asserted earlier this year. A new Deloitte study soberly concluded what many employers have suspected for years: The potential employment pool is becoming less and less qualified for the jobs that are available.
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