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The latest news, trends and information to help you with your recruiting efforts.

Posted April 03, 2013 by

Private Sector Employment Increased 158,000 in March

Mark Zandi, chief economist of Moody's Analytics

Mark Zandi, chief economist of Moody’s Analytics

Another good month of employment reports, this time from ADP and Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. Revisions to job gains in the two prior months were offsetting; February’s gain of 198,000 jobs was revised up by 39,000 to 237,000, and January’s 215,000 gain was revised down by 38,000 to 177,000.

Goods-producing employment rose by 7,000 jobs in March, its slowest pace of growth in six months. Construction added no net jobs over the month; this follows average monthly gains of 29,000 in the three months prior. Meanwhile, manufacturers added 6,000 jobs.  (more…)

Posted January 24, 2013 by

How Climate Change Effects the Job Market

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

This week, Cargill Beef announced that it will be shuttering one of its Texas plants as a prolonged drought in the state thins cattle herds to their lowest levels in 60 years. The closure will force the plant’s 2,000 workers to relocate to one of the company’s other plants or find employment elsewhere.

This is not the first time climate change has impacted jobs and it will not be the last, according to workplace authority John A. Challenger, chief executive officer of global outplacement consultancy Challenger, Gray & Christmas, Inc. Challenger forecasts that the impact of climate change on the economy and employment will only increase in the years to come. “Agriculture could be the biggest victim of changing weather patterns brought on by climate change. We are no longer an agriculture-based economy, but the sector still employs between 150,000 and 250,000 workers, depending on the time of year. The other area that could feel pain related to climate change is tourism. Ski resorts in Colorado are already seeing the effects of less snowfall. Not only are skiers seeking deeper powder further north, but the resorts are spending a lot more making artificial snow.” (more…)

Posted January 03, 2013 by

Private Sector Employment Increased Whopping 215,000 in December

2001-12 Change in Total Nonfarm Private Employment

2001-12 Change in Total Nonfarm Private Employment

Private sector employment increased by 215,000 jobs from November to December, according to the December ADP National Employment Report®, which is produced by Automatic Data Processing, Inc. (ADP®), a leading provider of human capital management solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. The November 2012 report, which reported job gains of 118,000, was revised upward by 30,000 to 148,000 jobs.

Goods-producing employment rose by 28,000 jobs in December as a large gain in construction jobs of 39,000 more than offset the 11,000 decline in manufacturing employment. Service-providing jobs increased by 187,000. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities services had the largest gain with 53,000 jobs added over the month. Professional/business services added 37,000 jobs and financial activities added 14,000 jobs in December. (more…)

Posted January 03, 2013 by

December Layoffs Lowest Since 1997

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

After three consecutive months of  increased layoff activity, the number of  planned job cuts announced in December plunged to 32,556, the second lowest monthly total of 2012.  Overall, the year ends with the lowest 12-month job-cut total since 1997, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 32,556 planned job cuts announced last month were 43 percent fewer than the 57,081 November cuts.  The December total was 22 percent lower than a year ago, when employers announced 41,785 in the final month of the year.  The only month in 2012 to see fewer job cuts than December was August, when job cuts totaled 32,239.

Despite the December decline, planned layoffs in the fourth quarter were up 33 percent from the previous quarter.  Employers announced 137,361 job cuts in the final three months of year, compared to 102,910 in the third quarter.  The third-quarter total was the lowest quarterly total since 81,568 job cuts were announced in the second quarter of 2000. (more…)

Posted December 11, 2012 by

Despite Hurricane Sandy, No Change to Number of Job Openings

Bureau of Labor StatisticsThere were 3.7 million job openings on the last business day of October, little changed from September, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.2 percent) and separations rate (3.1 percent) were also little changed in October. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by geographic region.

Job Openings

The number of job openings in October was 3.7 million, essentially unchanged from September. The number of openings was little changed in all industries except construction, manufacturing, and accommodation and food services, which increased. The number of openings was also little changed in all four regions in October. The level of total nonfarm job openings in October was up from 2.4 million at the end of the recession in June 2009. (Recession dates are determined by the National Bureau of Economic Research.)

(more…)

Posted December 10, 2012 by

Retailers Hired 465,500 Seasonal Works in November — All-Time Record

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Retailers added 465,500 seasonal workers in November, the most ever added during what is typically the busiest hiring month of the holiday hiring season, according to an analysis of non-seasonally adjusted data from the Bureau of Labor Statistics by global outplacement firm Challenger, Gray & Christmas, Inc.

The net gain in retail employment achieved last month barely surpassed the previous record set in 2007, when retail payrolls grew by 465,400 workers during the month of November.    (more…)

Posted December 07, 2012 by

Despite Hurricane Sandy, Jobs Up 146,000 and Unemployment Down From 7.9 to 7.7%

Bureau of Labor StatisticsTotal nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and health care.

Hurricane Sandy made landfall on the Northeast coast on October 29th, causing severe damage in New Jersey, New York, and other states. Nevertheless, the BLS survey response rates in the affected states were within normal ranges. Its analysis suggests that Hurricane Sandy did not substantively impact the national employment and unemployment estimates for November.
(more…)

Posted December 05, 2012 by

118,000 New Private Sector Jobs in November Would Have Been 204,000 If Not For Hurricane Sandy

Mark Zandi, chief economist of Moody's Analytics

Mark Zandi, chief economist of Moody’s Analytics

Private sector employment increased by 118,000 jobs from October to November, according to the November ADP National Employment Report®, which is produced by Automatic Data Processing, Inc. (ADP®), a leading provider of human capital management solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. The October 2012 report, which reported job gains of 158,000, was revised down by 1,000 to 157,000 jobs.

Goods-producing employment rose by 4,000 jobs in November as gains in construction jobs of 23,000 more than offset the 16,000 decline in manufacturing employment. (more…)

Posted November 26, 2012 by

Lessons Learned by Employers Impacted by Hurricane Sandy

Mark Mehler and Gerry Crispin of CareerXroads

Mark Mehler and Gerry Crispin of CareerXroads

By Mark Mehler and Gerry Crispin of CareerXroads

Four weeks after Sandy, life is getting back to normal – or is it? Walking the dog around a relatively unscathed block of homes in central NJ (miles from the shore), reminders are everywhere. Tons of debris in front of every home (more than 40 homes); the noise of still more 75-foot oak trees being cut while leaning precariously over homes rends the air; blue tarps draped over roofs (5 homes) that were speared with limbs weighing tons; and a flatbed truck finally easing up behind a flattened neighbor’s car (where my 75 foot oak fell). I check to make sure he doesn’t accidentally take the new car next to it.

Sandy was a storm that has little comparison even to Katrina although we can take some comfort that lessons learned from that catastrophic event seven years ago were likely responsible for preparations last month that saved lives – response speed and pre-positioning among them. (more…)

Posted November 07, 2012 by

Should Unemployed Veterans Be Deployed for Hurricane Sandy Relief?

After months or years fighting overseas, 92 percent of American veterans say they want to continue their service; meanwhile, one after another, natural disasters continue to wreak havoc worldwide. What do these two challenges have in common? Team Rubicon co-founder Jake Wood gives a moving talk on how veterans can effectively contribute to disaster relief responses — and in the process, regain purpose, community and self-worth. (more…)