Search
Recommended Products
Related Links


 
 

 

 

Informative Articles

Beginning Interior Design
Beginning interior design is a challenging, exciting adventure that one must be willing to endure sacrifices and even at times costly mistakes in order to complete this learning successfully. If interior design is an activity that you are thinking...

Career Planning Advice: Avoid the 10 Success Killers!
Sticking to fundamental business principles is the basis for successful career planning. To us this means that our customers are able to lock up job high-paying offers in as little as 14 days or less. Old-fashioned methods that require...

Career Tip: Your Lifestyle Affects Your Job Choice!
This career tip is for you . . . if you're serious about making a career or job change. Knowing your options and having a strategic plan are critical to your success in today's job marketplace. For instance, according to recent reports, your...

Career Track: Computer Programmer
Article: According to the U.S. Department of Labor, the outlook for employment for Computer Programmers is expected to grow with other industries through 2012. Positions for Applications Programmers and Systems Programmers will be abundant...

Finding Your Own Pathway to Specialized Health Care
We live in a highly specialized age. New industries and professions spring up as the established sectors break down into smaller categories. Driven by the wealth of detail in an increasingly complex world, employers and clients prefer to hire...

Genuine Help Vs. Exploitation
I had a recent exchange of e-mails with someone who wrote: "39 dollars for a book that proclaims itself to be a way out of depression and feelings of worthlessness for unemployed people? Tell me: what does a PsyD know about unemployment...

How to Quit Your Job
Do you to know how to quit your job without ending up on the street? In a nutshell, you need to avoid the self-employment trap, think like a business, and create multiple passive revenue streams. Avoid the Self-Employment Trap If you...

The Job Market and the Barriers to Employment
The job market is tough enough these days without the existing barriers set by people who are discriminating toward others misfortunes. No one is perfect, not even the people who are setting these standards. These are the three most awful...

Unemployment Blues: Losing Ourselves
When we lose our jobs, no matter the reason, we lose a big part of our identity. Think of the last several times you met new people. After names are exchanged and polite comments made on whatever event you are attending, the question quickly...

Working Harder and Longer
Keeping up with inflation was the challenge of the 1970s. As prices rose, wages increased and the middle class trod water to keep their heads dry. When we entered our recent recession, inflation was the least of our worries - we needed jobs,...

 
 
 
Job Market News

Data show fuzzy jobs picture



American workers and their employers have decidedly different views about the nation's overall economic health, according to two reports released Wednesday.

Anticipated job cuts rose to a 17-month high in June as U.S. companies announced plans to shed 110,996 jobs, according to Challenger, Gray & Christmas, a Chicago-area outplacement firm that tracks monthly job-cut announcements.

The auto and retailing industries were the hardest hit, with a combined 69,443 expected job cuts announced last month. Meanwhile, workers' confidence in the job market rebounded noticeably, rising to its highest reading since January.

But pockets of workers -- such as Atlantans -- aren't so sure about their jobs, finances or the job market, the latest monthly Hudson Employment Index shows. The index is a monthly measure of American workers' confidence in the job market.

Tampa residents were the most optimistic, at 112. Philadelphians were the least confident, at 86.8. The U.S. average is 103.

Atlantans fell in the middle, registering 102.5. Twenty-seven percent of Atlantans reported they were worried about losing a job, up from 20 percent in May.

"What you've got is some fundamental changes," said Georgia Labor Commissioner Michael Thurmond. "You have a stable economy and continued job losses."

Thurmond cited high gasoline prices, outsourcing and offshoring as contributing factors.

Atlanta has just had "an incredibly long run of bad luck," Wachovia Corp. senior economist Mark Vitner said.

"Even though Atlanta has one of the most diverse economies in the country, it has found itself behind the eight ball because

 


a number of key industries are struggling," Vitner said.

He warns not to put too much stock in Wednesday's reports.

Vitner says other reports provide a more accurate reading of the nation's job market: weekly first-time unemployment claims and the federal job openings and labor turnover survey, or JOLT.

The monthly jobs report, due out Friday, also provides some perspective. Most economists expect the report to be dramatically better than last month's dismal showing.

"There's a whole lot more information [about the job market] out there today than we've had in the past," Vitner said. "Unfortunately, the jobs outlook is a very mixed picture." The paradoxes are numerous:

* Atlanta is home to the world's busiest airport at a time when airlines are suffering their worst financial crisis.

* The region has grown tremendously because companies moved or expanded here, but that has not been the case in the last few years.

Increased regulatory scrutiny has made companies less willing to take risks. "If they're less willing to take on risk, they're less likely to expand, carry more inventory or hire more workers."

Vitner also noted some pluses in metro Atlanta :

* Office leasing is up, indicating "hiring is picking up."

* The logistics industries of trucking, rail and shipping, all significant to Atlanta , are booming.

* Layoffs in general have been subsiding across the country.

"The economy's moving in the right direction," Vitner said. "It's just not moving fast enough to make everybody happy

visit my site http://www.careerpath.cc

About the author:

Manik Thapar (MBA) http://www.careerpath.cc