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.
This is very common whenever we start to emerge from a recession. When workers who survived job cuts take on more and more work over more and more time for the same amount of pay, their resentment starts to grow. This can't be a surp [...]
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.
San Francisco ranked first for a variety of reasons, including the city's proximity to Silicon Valley, its l [...]
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.
Outplacement firm Challenger, Gray & Christmas Tuesday said that in April, emp [...]
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.
What's more, 92 percent of the 142 CEOs surveyed expect their company's sales to increase in the next six months while none expect [...]
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 adu [...]
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.
Even so, about 2.7 million who are unemployed are still not actively seeking work, so they are not counted in t [...]
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.
Who or what is to blame? Mostly the global economic meltdown that put 15 percent to 20 percent of Americans out of full-time work or on reduced wages. The Obama Administration's "spread it around" mentality didn't help either.
But, this war is escal [...]
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.
While it may be true that small, growing companies are a large source of new jobs, these jobs are also way over-rated and extremely unstable.
They usually pay less than comparable jobs at l [...]
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.
It will be interesting to see whether any of these developments are reflected in the Labor Department's December employment report, due out on Friday.
For example, Dolla [...]
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.
It reports the quest f [...]
It's all about jobs.
With the official unemployment rate up to 9.8 percent and the unofficial rate as high as 15 percent or so, policy makers are talking the talk at least about how jobs are the number one priority.
Democrats want to further extend unemployment insurance for the chronically unemployed and some observers are wondering what it will take for companies to spend their vault full of cash, which sits at the highest level in half a century.
What few peop [...]
It is all about growth.
Finance execs are more upbeat about their hiring plans. And this is happening at the same time they are concerned about issues like health care reform, the budget deficit and housing.
Rather, CFOs made it clear job growth at their companies is heavily related to their particular company's prospects.
According to a new survey from Bank of America Merrill Lynch, 47 percent of 801 executives surveyed said they expect their companies to hire [...]
Chief financial officers of middle-market companies are generally upbeat about the economy and their hiring plans.
Nearly half (47 percent) of the CFOs who participated in GE Capital's quarterly survey said they expect the US economy to be stable while another 37 percent said it is "improving" over the near term. This suggests little chance for a double-dip recession in the months ahead, GE Capital asserts.
Their hiring plans seem even more encouraging.
[...]I know I may be going out on a very shaky limb. But, I sense a turn in the jobs picture within the near future.
It will probably be too late for Democratic incumbents as well as challengers awaiting results of the November 2 elections. But, it will be good news for those who most matter-the unemployed.
A few trends and developments inspire this optimism.
For one thing, a number of companies have recently announced plans to boost hiring by sizable amounts. The lates [...]
Small business owners prefer spending money on their company than on people.
According to a new biannual survey which gauges the mood and sentiment of small and medium sized business owners, nearly two-thirds (63 percent) plan to increase capital spending during the next six months. This is up sharply from 49 percent in the spring, according to the PNC Economic Outlook survey.
The business owners say technology equipment spending is their number one priority as they look t [...]
Want to hire new people and save money at the same time? Just participate in the Treasury Department's employee subsidy program.
From February to August 2010, businesses have hired an estimated 8.1 million new workers who had been unemployed for 60 days or longer, making those businesses eligible to receive billions in the Hiring Incentives to Restore Employment (HIRE) Act tax exemptions and credits for hiring long-term unemployed workers.
"Targeted programs like [...]
It's all about the jobs.
Add chief financial officers of retail firms to the long list of experts who believe the economy will continue to muddle along until the unemployment rate comes down.
In a recent survey with BDO USA, the finance execs said they don't expect a double-dip recession. However, nearly eight of 10 (78 percent) of retail CFOs said an ongoing economic turnaround is most dependent upon lower unemployment or consistent improvement in consumer confide [...]
Bloomberg reports Wednesday that the number of job openings in the US rose in July by 178,000 to 3.04 million.
This follows last week's report that companies added 67,000 jobs in August, above consensus forecasts, following a 107,000 increase in July.
As the job market picks up, companies won't just be hiring the currently [...]
Can the economy continue to grow without a meaningful improvement in the job market? The stock market seems to think so.
This morning we got bad news on the jobs front from a number of sources.
Yet, equities markets are up nearly 3 percent. Why?
Because manufacturing in the US grew much more rapidly in August than forecasted by the pundits, many of whom were actually looking for a decline. Meanwhile, we also learned today that manufacturing in China grew rapidly in [...]
Wal-Mart Stores may be moving its apparel-buying operations back to the company's headquarters in Bentonville, Arkansas, only a year and a half after consolidating them to New York, according to a source who wished to remain anonymous.
The decision to move to New York, announced in February 2009, was a painful one for employees. Some 700 to 800 workers at Wal-Mart's corporate headquarters were terminated as a result and the decision to move back may produce more casualties in Ne [...]