March BLS jobs report: Industry review

201302-wpe-post-header

Source: March BLS jobs report

The United States’ private sector generated over 192,000 jobs in March. Although the sector’s total job creation was not nearly high enough to lower the national unemployment rate, a majority of economists were encouraged by the figures.

This growth revealed a milestone of job creation, as private sector jobs added in March exceeded the employment figures of December 2007, its pre-recession peak levels. This milestone can be considered meaningful, and a step in the right direction.

But while the private sector has recouped 8.9 million jobs since February 2010, U.S. government jobs have not recovered since the recession began. Unfortunately, this has stumped overall growth and has resulted in a total nonfarm employment figure of 422,000 jobs below its December 2007 pre-recession level.

Overall growth aside, here are some key sector highlights from the BLS “The Employment Situation – March 2014” report:
Read more »


Multi-generational employee motivation

The modern workforce now includes employees spanning four distinct generations. This may not seem significant, but the differences between these generations go beyond age—each has its own knowledge, strengths and weaknesses. Managers must know how to work with each to maintain a successful business.

Managing employees across various generations is difficult, but if you understand a little bit about each generation you will understand what motivates each to maximize their output and leads to a fulfilling opportunity for everyone.

multigenworkforceblog

Traditionalists

As members of the World War II generation, Traditionalists are conventional, frugal and they command respect. Although most are now retired, they are still a part of the modern workforce. As a manager, you should reinforce their need for structure by formally acknowledging their successes and help younger employees follow the written chain of command when interacting with them. A little bit of officially recognized feedback will go a long way with these employees.
Read more »


March BLS jobs report shows economy added 192,000 jobs

201302-wpe-post-header

Source: BLS

The U.S. Bureau of Labor Statistics released its March 2014 unemployment report, which shows an overall gain of 192,000 jobs and the unemployment rate holding at 6.7%. This data shows that employers are ramping up their hiring and that the winter slowdown was only temporary. In addition, revisions to prior months showed that January added 144,000 jobs (up from 129,000), and February grew 197,000 jobs (from 175,000). With these revisions, gains in employment for those two months were actually 37,000 higher than previously reported, and job growth has averaged 183,000 new jobs per month over the last 12 months.
Read more »


Handling rejection after a job interview

Millennial indecisive about his job. He, like many other Gen Yers may be a job hopper.It happens to the best of us. Being rejected for a position is never a pleasant experience. It’s flat out tough.

What went wrong? What could you have done differently? Was this the right position for you? Did you have the right set of skills for the job? Those are all questions that job seekers who have been turned down ask themselves — unfortunately not knowing what the answers are.

Overcoming obstacles is just part of the job seeking game, and there are effective ways to turn the rejection into a positive experience that can help you grow and eventually land your dream job.

After the interview

Even though you may think you aced the interview, the position you’re seeking can still be awarded to another candidate. Many job seekers end the process after the first interview and wait to hear back from their potential employer — but the game is not over yet. It is important to note that your actions in the few days following the interview are just as important as the interview itself.

According to Stanford University it is crucial to send your interviewer, and anyone else involved in the interview process, a personal thank you note. It is simple professional courtesy, and it indicates your interest in the position. The rule of thumb here is to be courteous and polite, and always proofread your copy. You spent hours revising and polishing your resume, it would be a shame if your thank you note had grammatical errors or typos.
Read more »


Latest BLS regional and state unemployment figures released

Jobs report: in your regionSource: BLS

In February, the U.S. unexpectedly added 175,000 jobs to the economy — which was the first time since November that more than 129,000 jobs were added. The majority of U.S. states followed suit to the national surge. In total, nonfarm payroll employment increased in 33 states and decreased in 17 states, plus the District of Columbia.

Looking closer at February unemployment rates, 29 states saw decreases from January, 10 had increases, while 11 states plus the District of Columbia stayed the same. Impressively, 49 states plus the District of Columbia realized unemployment rate decreases from the previous year—further proof that the U.S. economy is strengthening at a steady, yet prolonged pace.

Regionally, the West had the highest unemployment rate in February—reporting at 7.2 percent—0.5 percent higher than the national rate. The South showed the lowest unemployment rate of 6.1 percent. Over the course of the year all four regions had remarkable unemployment rate declines—with the South and Northeast dropping 1.2 percent each, the West decreasing 1.1 percent, and the Midwest shedding 0.8 percentage points.

Here are some key divisional highlights from the “Regional and State Employment and Unemployment Summary — February 2014”:
Read more »


Staffing agency acronyms you need to know

NewsNaturally, over time, any industry develops its own set of words, terms and phrases that make their way into the vernacular. Their intentions are honest and innocent: to make things easier, more streamlined and to simplify the conversation. Sometimes they succeed. Sometimes they don’t. Industry jargon, particularly staffing agency jargon, can be like trying to understand a foreign language.

At Adecco, we know how to navigate the slippery slopes and we want to make sure you do too.  What follows is a list of frequently used staffing industry acronyms to help guide you and ensure that we are all speaking the same language.
Read more »