Job Market Update: Food & Beverage sector was #1 in Job Growth in October

Job-Market-Today

In October, the United States generated 214,000 new jobs, slightly less than last month’s gain of 256,000. The unemployment rate declined by 0.1 percentage point — dropping from 5.9 percent to 5.8 percent – which is the lowest we’ve seen since September 2008. Over the past year, the unemployment rate and number of unemployed persons have declined by 0.8 percentage point and 1.2 million, respectively.

Revised numbers from past months were released, showing that both August and September experienced combined growth of 31,000 more than previously reported. The September payroll number was revised from +248,000 to +256,000 and the August number was revised from +180,000 to +203,000. That makes a combined 31,000 more jobs than initially reported. This year, the only month that saw fewer than 200,000 new jobs was January.

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How Can You Improve Your Talent Pipeline? Hire a Veteran.

The Many Benefits of Hiring Veterans

Military veterans served our country, and now many of them are making the transition from active duty service-member to active job seeker. This group represents a great opportunity for employers to cast a wide net when looking for top talent in the workplace.

First and foremost, veterans are almost always a smart hire. Their military service has provided them with a range of skills, expertise and leadership capabilities that translates well into the civilian sector. A veteran’s can-do work ethic and ability to perform and execute strategies well under pressure are not only mission-essential qualities for the military; these attributes make them stand out as candidates as well. Another incentive to hiring veterans are the federal tax benefits corporate America receives to encourage the hiring of veterans.

The unemployment rate for veterans currently runs about two points higher than the national average. To help reverse this trend, several initiatives are under way to bolster placement for veterans. One program that has delivered promising results is Hiring our Heroes. Launched in March 2011, the program connects employers with veterans, primarily through more than 600 hiring fairs throughout the country.
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7 Job Search Tips for Veterans Entering the Civilian Workforce

Making the transition from military service to civilian life can be exciting, but also challenging for many veterans. Often, one of the biggest hurdles is the job search process and knowing how to effectively market their skills, experience and passion to employers.

This challenge can be particularly acute for veterans coming off long stints of military service. New technology, social media and other trends have led to some major changes in the hiring process in recent years.

Fortunately, a wide range of resources and information is available to help veterans and military spouses significantly improve their chances of landing a job. To get started, here are a few key suggestions for a post-service job search:

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Webinar Wrap-Up: Using Corporate Social Responsibility as a Recruiting and Retention Tool

Screen Shot 2014-11-06 at 3.52.31 PMThe definition of Corporate Social Responsibility (CSR) is still evolving. It addresses the concept that, beyond merely conducting its business and adhering to legal guidelines, an organization has obligations such as looking after the welfare of its employees, the community, society at large and the environment.

There are three dominant areas where a company’s CSR might focus: environmental sustainability, philanthropy and community, or diversity and inclusion. Adecco’s recent webinar, “Using Corporate Social Responsibility as a Recruiting and Retention Tool”, helps leaders and managers understand how CSR is important to clients, employees and business, the impacts of CSR on recruitment and retention, and best practices for implementing a CSR policy in one’s organization.

Panelists for the webinar include Rich Thompson (Chief Human Resources Officer of Adecco Group North America), Tyra Tutor (SVP, Corporate Development of Adecco Group North America) and Francesca Mauro (Specialty Recruiter for Adecco Staffing, USA).

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Job Market Update: Latest Metro and Regional Unemployment Data

BLS-regional-metro-data-on-BLS-employment-reportThe U.S. Bureau of Labor Statistics released its October 2014 unemployment report, showing an overall monthly gain of 214,000 jobs. This number is lower than what economists expected, but not bad considering the average monthly gains for the 12 months leading up to October were 222,000. January is now the only month of 2014 with job gains below 200,000. In total, since the beginning of the year nearly 2.3 million jobs have been added to the US economy.

The unemployment rate also declined by 0.1 percentage points, dropping from 5.9 percent to 5.8 percent, which is the lowest rate we’ve seen since September, 2008.

Regional and State Report

Looking to the BLS’ latest “Regional and State Employment and Unemployment” report, both regional and state unemployment rates saw little change in the United States during the month of September. 31 states had unemployment rate decreases from August, eight states had increases, and 11 states and the District of Columbia had no change. 42 states and the District of Columbia had unemployment rate decreases from a year earlier, five states had increases, and three states had no change.
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Job Market Update: U.S. Economy on Track to Have Best Job Growth Since 1999

Job-Market-TodaySource: The U.S. Bureau of Labor Statistics “The Employment Situation – October 2014″ 

October marks another positive month for non-farm payroll employment. The U.S. Bureau of Labor Statistics released its October 2014 unemployment report, showing an overall monthly gain of 214,000 jobs. This number is lower than the 230,000 that economists expected, but not bad considering the average monthly gains for the 12 months leading up to October were 222,000. January is now the only month of 2014 with job gains below 200,000. In total, since the beginning of the year nearly 2.3 million jobs have been added to the US economy.

The unemployment rate also declined by 0.1 percentage points, dropping from 5.9 percent to 5.8 percent, which is the lowest rate we’ve seen since September, 2008.

Revisions to prior months show that both August and September experienced more growth than was previously reported. The September payroll number was revised from +248,000 to +256,000 and the August number was revised from +180,000 to +203,000. That makes a combined 31,000 more jobs than initially reported.
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