Entries in Jobs Market (16)


Job Market Improving for New Grads

Tim Boyle/Getty Images(BOSTON) -- Employment prospects for new college graduates are better now than at any time since the start of the recession, say college placement directors, employment experts and students themselves.

In fact, a just-released study of 225 employers by Boston research company Millennial Branding finds 87 percent of employers say they will hire more new graduates this year than last.  Almost as many say that in the past six months they have already hired up to 25 new graduates each.

The study is a first for Millennial, which consults companies on the characteristics of Generation-Y.  The survey drew on data compiled by Experience, Inc., a provider of career services for some five million current students and recent graduates.

Dan Schawbel, Millennial's founder, says that while the job picture is brightening, it's not yet back to where it was before the recession. Young job seekers, he says, still need to be realistic about their prospects.

"The message of our survey is that you can't rely on anything anymore.  Getting a degree doesn't mean you'll get a job.  Getting an internship doesn't mean you'll get a job," Schawbel says.

The most successful candidates, he says, are those who, as undergraduates, pulled out all the stops: "You've got to get as many internships as you possibly can.  Use social networks.  Use your family and your friends."

As far as skills and attributes, what are employers looking for?  Schawbel says 29 percent of companies say they want somebody with entrepreneurial experience.

"Ten years ago," he says, "that number wouldn't have been anywhere near as high."  What's changed, he says, is that companies now need "to innovate or die."  There's more pressure on them to come up with new products and services.

Successful seekers, says Schawbel, don't necessarily have to have started a business.  They just need to present their experience in a way that shows they have initiative and creative ability -- that they are "independent minded."

"Maybe you started your own blog.  Maybe you've freelanced or you created your own internship," Schawbel says.  Any of those, he explains, would carry weight with an employer.

Copyright 2012 ABC News Radio


US Jobs Market Continues to Show Signs of Improvement

Tim Boyle/Getty Images(NEW YORK) -- The U.S. jobs market really is getting better, according to the findings of two new private surveys.

CareerBuilder's quarterly report says more employers are planning to add to their workforce.

"Thirty percent of employers we spoke to say they plan to hire full time positions in the second quarter," Michael Erwin of CareerBuilder says.  This compares with 24 percent in the last survey taken three months ago.

"The numbers are going back to where they were pre-recession so that's good news; employers are back to the table, they're looking to hire," Erwin adds.

Meanwhile, polling by Gallup finds job market conditions in March reached their best level since August 2008.  Gallup's Job Creation Index rose by four percentage points last month, from +14 in February to +18.

Americans will get to see just how many jobs were added in March when the Labor Department releases its monthly employment report on Friday.

Copyright 2012 ABC News Radio


Survey: 2012 Jobs Market Looks 'Cautiously Optimistic'

Tim Boyle/Getty Images(CHICAGO) -- The jobs market for 2012 is looking "cautiously optimistic," according to a new survey out Wednesday.

CareerBuilder's annual job forecast finds that 23 percent of employers surveyed expect to hire full-time, permanent employees next year. And although the prediction is relatively unchanged from 2011's 24 percent, the job hunting website predicts hiring in 2012 will come on top.

"Historically, our surveys have shown that employers are more conservative in their predictions than actual hiring," CareerBuilder CEO Matt Ferguson said in a statement.  "Barring any major economic upsets, we expect 2012 to bring a better hiring picture than 2011, especially in the second half of the year."

[Click here to read the full press release]

CareerBuilder says the improvement is expected to be notable among small businesses, which have been showing an increase in confidence.

"Plans to downsize actually dropped [two percentage points] across all small business segments and then we saw some movement in hiring," says Jennifer Grasz with CareerBuilder.

The survey's sunny results will likely come as little comfort to the millions of Americans who are still out of work in the sputtering economy; experts say the recent drop in the national unemployment rate reflects a large number of frustrated jobless Americans who have simply given up looking for work.

Copyright 2011 ABC News Radio


Recovery? Not for Americans Still Looking for Jobs

Stockbyte/Thinkstock(NEW YORK) -- In the closing days of 2011, reports on consumer confidence, job creation, manufacturing and even housing appeared to show cautious signs of improvement.  But for many casualties of the recession the suffering is far from over.

At employment fairs across the country, the lines of job seekers were long while full-time opportunities remained scarce.  Long-term unemployment is still close to record high levels.

“People who are getting jobs tend to be people who haven’t been unemployed for very long,” says economist Diane Swonk at Mesirow Financial in Chicago. Many employers who advertise jobs won’t even interview someone who has been out work for more than a few weeks.

In Nevada, the state with the highest jobless rate -- 13 percent -- former lab worker Marcelle Updike has been out of a job for months.

“It’s very tough, especially if you’re over 50,” she says.  “I’m willing to wash toilets, clean beds, whatever it takes.” Her job search in Las Vegas is relentless as she struggles to feed her family. “I look in the paper.  I look at signs outside on walls.  I walk about eight or nine miles twice a week looking for work because I don’t have a car, but then I miss a lot when I go on a bus,” Updike says.

While weekly unemployment claims dropped sharply in December and the unemployment rate fell to 8.6 percent, some of the decline was due to people dropping out of the labor market. And some say the job situation is getting worse: “The share of the U.S. population working is lower today that at the deepest point of the 2008-9 recession,” says professor Lawrence Katz of Harvard University.

Copyright 2011 ABC News Radio


Economists Predict Slow US Growth Next Year

Comstock Images/Thinkstock(WASHINGTON) -- The U.S. economy will continue its slow growth next year and joblessness will remain high, according to a survey released Monday morning by the National Association for Business Economics.

“Economists responding to the latest NABE Outlook Survey expect moderate economic growth through 2012, with little likelihood of another recession or an outbreak of inflation,” said NABE Outlook Survey Chair Shawn DuBravac, chief economist at the Consumer Electronics Association.

In the survey, those who responded expect inflation-adjusted gross domestic product, known as real GDP, to grow at 2.5 percent in the final quarter of 2011 and 2.4 percent in 2012.

Unemployment, the group said, is expected to decline slightly next year from its current 9 percent level.  Business spending and housing starts, on the other hand, are expected to continue to rise.
“Corporate profits and stock prices are predicted to strengthen.  But the panel remains concerned about debt-related issues in Europe,” the NABE said.

Here are the highlights from the report:

-- The NABE Outlook panel predicts moderate real GDP growth through year-end 2012.  A 2.5 percent pace is expected during the fourth quarter of 2011, followed by a 2.4 percent growth rate in 2012, with GDP in the second half of 2012 slightly stronger than in the first half.

-- The odds of a second recession are low.  Only two of 42 forecasters predicted a decline in real GDP over the near-term.  As a group, the panelists saw a recession as the least likely scenario.  Forecast confidence has improved, but remains low.

-- The NABE Outlook panel expects employment will improve, albeit very slowly.  Monthly job gains are expected to rise steadily over the forecast horizon, from an average of 100,000 during the fourth quarter of 2011 to 130,000 by the end of next year.  The jobless rate will decline from 9 percent to 8.9 percent in 2012, but despite a majority view of modest labor market improvement, NABE economists still identified “excessive unemployment” as their single greatest concern going forward.

-- Growth in consumer spending is expected to remain below trend.  Consumer spending is forecast to increase 2.1 percent this year -- the same consumer spending forecast as reported in the September survey.  The NABE Outlook Survey panel expects consumer spending to grow 2.1 percent in 2012.

-- Housing starts are expected to increase 10 percent in 2012.  The economists participating in the survey expect housing starts to reach 600,000 units in 2011, just slightly above the 2010 total and a small upward revision from the September Outlook Survey forecast.

-- Business spending remains a bright spot in the forecast.  NABE’s Outlook panel continues to forecast solid if not spectacular growth in spending on business equipment and software in both 2011 (up 10.5 percent) and 2012 (an additional increase of 8 percent).  The forecast for real spending on nonresidential structures improved from that reported in the September survey.  Panelists now envisage spending on structures to increase 4.6 percent in 2011 and 4.5 percent next year.  Industrial production is expected to increase 4 percent in 2011 and 3.3 percent in 2012.

Copyright 2011 ABC News Radio


Companies Look to Hire But Slow Recovery Predicted for Rest of Year

Comstock Images/Thinkstock(NEW YORK) -- The jobs picture in the U.S. appears to be getting better, with a new survey indicating that hiring will likely pick up through the rest of this year.

But, as economists warn, that doesn't mean the country's economy is out of the woods just yet.

In its latest survey released Monday, the National Association for Business Economics (NABE) reports that 43 percent of its respondents said their companies plan to add more workers to their payrolls during the second half of 2011.

Despite the increase in employment, economic growth is still predicted to be slower than anticipated for the remainder of the year.

"There's clearly a sense that the pace is going to be slower in 2011 than people were anticipating earlier in the year," said Tim Gill, an economist with the National Electrical Manufacturers Association.

The NABE attributes the sluggish economy to the March 11 earthquake and tsunami in Japan, and to the turmoil that has taken place in the Middle East.  Other dilemmas, as Gill points out, could also hamper further recovery.

"There are a number of clouds out there.  The fiscal situation in Europe certainly is one.  And the debt ceiling wrangling here in the U.S. is another," he said.

Copyright 2011 ABC News Radio


Signs Point to Encouraging Job Numbers for June

Stockbyte/Thinkstock(WASHINGTON) -- Members of the Obama administration are keeping their fingers crossed about Friday morning's job numbers.

After months of steady improvement, the White House received a jolt four weeks ago when the Labor Department revealed that only 54,000 jobs were added during May, leaving the overall unemployment rate at 9.1 percent.

Economists blamed the paltry numbers on steep increases in gasoline prices, continued financial unrest in Europe and manufacturing disruptions caused by the earthquake and tsunami in Japan.

Things could really be on the upswing if a report released Thursday by ADP turns out to be true.  The payroll processor says its records show that private sector employers added 157,000 jobs in June, about 100,000 more than economists had predicted for the month.

In another glimmer of hope, first-time unemployment claims fell last week to 418,000 from 432,000 the week before.

Copyright 2011 ABC News Radio


US Chamber of Commerce Offering Job Help to Veterans

US Chamber of Commerce(NEW YORK) -- As thousands of troops prepare to come home soon from Afghanistan, those who choose to leave the military may have difficulty finding work.  The unemployment rate for veterans is already well above the national average.

The U.S. Chamber of Commerce hopes to alleviate this by launching a nationwide campaign to find jobs for veterans.

"What we're doing is connecting employers with those veterans," Kevin Schmigel of the U.S. Chamber of Commerce says.

The former Marine notes that most vets make great workers, saying, "90 percent of all military occupations are directly transferable to jobs in the private sector."

Schmigel and the lobbying group are organizing a series of major job fairs for veterans that will provide advice on how to get a job.  During the events, vets will get a chance to "talk about what their skill set in the military will mean to a company," he says.

"I think they also need to take some time to sit down with people and do interviews," Schmigel adds.

Copyright 2011 ABC News Radio


Survey Hints at Job Gains in US in Upcoming Quarter

Stockbyte/Thinkstock(MILWAUKEE) -- Global workforce consultant ManpowerGroup says its most recent survey of hiring managers indicates “positive yet careful” hiring plans for the coming quarter in the United States, with jobs likely being added in nearly all states and cities.

“Although employers are not signaling dramatic upswings in hiring plans, there does seem to be hiring energy developing based on sustained year-over-year growth,” said Jonas Prising, ManpowerGroup president of the Americas, in a press release.

The percentage of U.S. employers who said they planned no change to their staffing levels fell below 70 percent for the first time in two years.  Employers continue to squeeze more out of existing workers, but fewer of them have the luxury to continue delaying adding jobs, Manpower said.

Of the 18,000 U.S. hiring managers surveyed, 20 percent anticipate adding to staffing levels.  The company said this level -- one in five employers adding workers in the next three months -- is the highest level of hiring intention since the economic recovery began.

Copyright 2011 ABC News Radio


College Grads May Be Using Wrong Tactics to Get Work

Creatas Images/Thinkstock(NEW YORK) -- Despite some improvement since last year, the jobs market is still weak and unemployment remains high.

Now, as millions of college graduates begin to enter the jobs market, some might want to rethink how they go about finding work.

Jobs coach Rafe Gomez says many well educated college grads have resume overconfidence, relying too much on the document's power.

"They believe that resumes should be a golden ticket to do anything -- they're wrong," says Gomez.

Instead, job seekers should focus more on proving they're worth hiring.

"They need to present themselves as a solution or a potential solution who can make the company money, save it money or improve its image in the marketplace," he says.

Grads can do this by preparing themselves and doing lots of research on the company with whom they're hoping to land a position.

"They need to read the press releases.  What has the company done?  What are their successes?  Where are they trying to go?  What are their long term objectives?," Gomez says.

Concentrate on strategy, he says, not mere tactics.

Copyright 2011 ABC News Radio

ABC News Radio