Tag Archives: Bureau of Labor Statistics

More signs the job market is warming up

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Even in a spring as full of gray chilly days with snow and sleet as this has been, eventually the tulips bloom and we start planting carrots, oregano and pepper plants. The U.S. job market may also be warming up nicely, with  268,000 jobs created by private-sector employers in April, according to the Bureau of Labor Statistics. That’s the highest since 2006.

The report Friday had other encouraging news too: More than 200,000 long-term jobless found work or consulting projects, or were otherwise not counted as unemployed. And every sector, except government and temporary employment, added jobs last month, with retail, manufacturing and health care showing especial strength in hiring.

Two months ago, in a blog post for Glassdoor.com, I listed seven signs of spring  in the job market, including some BLS numbers and hiring by small businesses for 12 months. Lately, more green is showing up in the hiring fields – and more flowers are preparing to bloom. So with hopes that my optimism will ring true in the months ahead, here then are seven more signs of growth in hiring:

  1. Companies are recruiting more HR people. Human resources job penings increased 34 percent in the last year, same gain as health care, according to Indeed’s blog. Companies hire HR people when they need help with recruiting or retaining talent.
  2. Some areas experience labor shortages. Recruiters say it is increasingly difficult to find well qualified candidates, according to the latest Society of Human Resource Executives LINE survey. In IT security, database administration and nurse practitioner openings, there are more jobs than job-seekers, according to CareerBuilder. The two-to-one ratio of jobs for candidate is a standout.
  3. The number of quitters has inched up. The proportion of job leavers now is higher than the laid-off, the Bureau of Labor Statistics reported. This is a big shift, and indicates people are confident they have other work options.
  4. Hiring on college campuses has increased. This year, 42 percent of college seniors who had looked for work has received a job offer by graduation, up from 38 percent last year, according to the National Association of Colleges and Employers. More seniors also were saying no to offers, holding out for something better or more appropriate.
  5. Metro unemployment rates keep declining. More cities are adding jobs, according to the BLS. And Indeed reports that 15 metro areas – from New York to Milwaukee to San Francisco – have one job for every candidate, meaning much less competition to land the opening you seek than a year or two ago.
  6. Job openings are more plentiful. SimplyHired experienced a 33.9 percent increase in postings in the year ended in April, CareerBuilder’s job listings rose 23 percent as companies hire staff “in nearly every role.” These openings will mean more hiring in coming months.
  7. Innovation seems to be increasing. Some jobs available today didn’t exist two years ago, and some  companies  hiring hundreds of people didn’t either. Think Etsy and Groupon and all those app makers. Think filmmakers for YouTube. Think about hiring on or creating another Google or Netflix in your city. Consider the virtual internships and start-ups showing up not just in Silicon Valley but in Saline, Mich., and Southern Georgia.

To be sure, there are concerns that could freeze some green shoots of hiring. High oil and gas prices are cutting hiring in the travel sector, SimplyHired reported. Initial jobless claims are rising, and many companies are sitting on the sidelines of hiring, or adding jobs outside the United States.  State and local governments continue to shed jobs and some are in danger of insolvency. We still have 13.7 million Americans out of work, and at current levels of hiring, it could take another five years to reach pre-recession unemployment levels, according to the Economic Policy Institute.

Yet the pace of hiring is picking up – in the last three months it has averaged 233,000 jobs a month, double the rate of the previous three, according to the Bureau of Labor Statistics. Small companies are being established and bringing on friends or part-timers to grow. Corporate profits are strong and many individuals have learned to grow gardens or their own jobs.

Call me an optimist, if you like, but the employment tulips have shown up in bright red and yellow and soon career roses and broccoli will bloom again – in the yards and lives of many.

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Six ways to make the unemployment stats advance your career

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You see the numbers in your Twitter feed or headlines on your mobile phone. Job creation reaches 216,000 last month. The unemployment rate declines. Optimism in job market.

Unless you’re looking for a job as an economist or a statistician, the data may not mean much to you or your life. But there are tricks to taking the numbers and using them in your job search or career choices,  whether or not you’re actively looking at the moment.

Here’s  six ways to use unemployment to advance yourself:

  1. See the big picture on the economy. The unemployment numbers give you one big picture window to see what’s happening with hiring, with employment. Pair this with a few other economic reports – consumer price index for inflation, gross domestic product and business capital spending among others – and you will be armed and ready to discuss economic conditions and corporate strategy in a job interview or at a networking event.   You may want to pick a couple of media outlets or websites for context and commentary – the Washington Post and Marketwatch are two of my favorites, and I also regularly read the New York Times. (Full disclosure: I have been a Washington Post freelancer for five years.)
  2. Identify growing sectors and sub-sectors. The Bureau of Labor Statistics rolls out a huge array of data on the first Friday of each month – and some of the best of it shows up in the tables.  I highly recommend looking at Table B1, which gives industry detail on hiring. This allows us to see that amid manufacturing hiring, the strongest gains are in fabricated metal products, machinery and transportation equipment. It also indicates which retailers are growing and which are not and what sectors within health care are adding staff. Look beyond the one-month increases to see trends developing over two to four months. Then consider the sectors that are hiring steadily – and see what opportunities they could offer you. Even if you never expected to work in accounting or medical field, you could land a job managing social media or human resources for a CPA firm or a nursing home company.
  3. Watch the quit rate and turnover. The BLS reports on turnover – including data on who is leaving their job voluntarily – in something called JOLTS. The quitter information may be especially useful – since people usually quit because of other better opportunities. If you see a rising quit rate, you may identify a sector that’s warming up. The changes on the quit rates are tiny many months, but these report also can help you see what sectors are cutting jobs and see how many job openings are available – 2.8 million openings at the end of February. Sometimes this data could JOLT you into action.
  4. Look for one-off opportunities. As bars and restaurants add more staff, it could mean opportunities in night time promotions businesses – or for a micro-brewery or major beer distributor.  As temporary hiring continues to grow, temp firms may need more administrative and other staff.  Or you may see possibilities for consulting services in health care, which has added an average of 24,000 jobs in each of the last 12 months. Employers are adding contractors and service providers too.  Watch for indications of opportunities in smaller cities and counties too – the BLS data shows places such as Elkhart, In., and Bell, Texas, showed the biggest gains in jobs in the latest 12-month period.
  5. Make your move better. If you’re being recruited for a job that requires relocation, start digging into local employment and unemployment statistics before you accept the offer. This data  could come from state labor departments or the BLS’ monthly metro unemployment report. Why is it important? Relocating for a job entails some risks – and you may also need to find work for your partner or a teen-ager once you arrive. Plus it’s good to see if there will be other opportunities, a fallback employer, if the job that recruited you is a dud.
  6. Motivate yourself with optimism. The job market is warming up now and more employers are hiring – a growing array of data confirm this view, and so do media reports. So if you’ve been waiting to jump back into a search, get started now. It’s easier to be hopeful of your chances when the outlook seems better, so start or resume your job hunt today.

The Bureau of Labor Statistics also offers an excellent resource for those considering a new career path. The Occupational Outlook Handbook gives details from salaries to working conditions to hiring prospects on hundreds of jobs.

Just remember, the jobless numbers in the headlines and in this post are important windows to possibilities and opportunities. But they aren’t the door into new work. That requires a whole different data set.

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Strumming a bitter-sweet blues song for Labor Day and us all

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My Labor Day Lament could sound like a blues song from Muddy Waters or Etta James.  It’s deep and rich and has some sweetness mixed in with all the sorrow.
The news for workers is bitter-sweet and for the unemployed and the under-employed it is as dreary as a February day in Detroit, where the unemployment rate was 15.2 percent in July
Consider these blue notes:

  • -The recession and job cuts have cut a wide swath through America. More than half of workers have a family member who’s lost a job, including one in eight who say someone in their immediate family has been unemployed. That data comes from a new Rutgers University survey of 802 workers.
  • For what really qualifies as a double-dip recession, one-third of current job seekers say an immediate family member has also been unemployed in the last three years, the Rutgers poll shows.
  • The “99ers” are not such an elite group of Americans unemployed for 99 weeks or longer. That’s 1.3/1.4 CK million people who have spent two solid years of life without a regular paycheck or work friends. The New York Times wrote a poignant piece about 99ers (and I hope to find a link to it and add it soon).
  • The U.S. jobless rate is not coming down and companies are hiring sparsely if at all. One third of U.S. metropolitan areas are stuck with jobless rates of 10 percent or higher, and 17 are really bad with rates at or above 15 percent, the Bureau of Labor Statistics reported. California, once the golden state, now has 12 cities with very high unemployment.  Three cities in Michigan are at or near 15 percent. Even Ann Arbor, the city where I live and one viewed as thriving and adding jobs, has  ahas a jobless rate of 10.0 percent in July.
  • When the poverty statistics come out later this month, they are likely to show more Americans at or on the brink of desperation. More than half of workers surveyed for Rutgers rate their finances as “only fair” or poor and it’s 90 percent for unemployed.
  • Workers are seeing decelerating wage growth in the last two years, which is hurting family incomes and the economic recovery, according to report from the Economic Policy Institute, a liberal think tank. The EPI also found that four of the five fastest growing jobs between 2006 and 2009 paid between $8 and $14 an hour – well below the median U.S. worker’s wage of $15.95.
  • Almost two-thirds of workers in a Spherion Staffing survey say they feel less secure about their job, and more than one-third feel more negative about their situation since the recession began. Perhaps that negativity comes from a bigger workload: Half say they’ve added responsibilities thanks to a coworker’s layoff, and of course they aren’t paid any more for it.

The blues could go on and on, with job loss leading to health problems or lack of medical care and families split up. The anguish of being jobless for months, especially without close family to help you through, could be plotlines for many books and movies.

And what gives this Labor Day weekend some sweetness for workers? Much of it is far less quantifiable than the blues I was just singing. Many more people seem attuned to the plight of others and willing to help them with a lead on work or a few dollars for a meal. And Friday’s unemployment report does provide some glimmers of hope, as well as many worrisome signs. Factory overtime is rising and the average workweek for “nonsupervisory employees” in companies inched up too.
Hiring will continue slowly in September, with fewer layoffs, the Society for Human Resource Management reports. SHRM also reports more openings for both salaried and hourly jobs than a year ago, when things were really really blue.

Another encouraging sign: The Labor Department’s revised the job losses for June and July. Both numbers are still negative, but the declines shrunk considerably (by 50,000 or more each month).
EPI economist Heidi Shierholz called the BLS report “positive but underperforming” and suggested the government needs to step in with “bold action to create jobs and put America back to work.” I’m no politician, nor a blues singer either but I know that we’ve got a world of hurt out there, with 6.2 million workers who’ve been jobless for half a year or more.
And so we need to encourage and help the jobless – and if we have the means, take action. Many of us could hire people to rake our leaves or renovate a bathroom; tutor our children or staff up our small businesses. We also could press politicans for more help for the worst cities and more aid for long-term jobless. Then perhaps we could turn America’s  Labor Day Lament into a more upbeat song.

More information:
Bureau of Labor Statistics U.S. joblesss report and metropolitan area reports  http://www.bls.gov/news.release/empsit.nr0.htm   http://www.bls.gov/news.release/metro.nr0.htm
The Economic Policy Institute’s report called Recession Hits Workers’ Paychecks: Wage growth has collapsed, is available online http://bit.ly/c3WI24

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Teens: Make yourself a standout to land a starter job

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The teen job market this summer was as dreary as a week of rain when you’re vacationing at the beach. The percent of young people, ages 16 to 24, who worked was the lowest level in 62 years and millions just decided it was too tough and didn’t even attempt to search for work, new government statistics show.
Only 48.9 percent of all youth held jobs – the lowest level since the Bureau of Labor Statistics started keeping records in 1948. The jobless rate for young adults was 19.1 in July, almost double the level of 2007.
Despite all that many teens did land jobs, including a handful at our Mity Nice Italian Ice cart in Ann Arbor.  (Seven  part-time workers spent at least a few weeks hawking lemonade and Michigan-made mango and cherry ice from our shiny silver cart.)

Teens who land jobs even when the world economy is wickedly out of whack must be standouts and lucky. They have these characteristics:

-A positive attitude. More than enthusiasm and more than a million-dollar smile, this shows up as joy, energy, a can-do, willingness to tackle anything approach. Be friendly, engaged, cheerful, outgoing, curious and you will improve your chances of being hired – as well as your everyday life. Not everyone has this approach baked into their DNA, but most people can learn to muster it up and put it on like a work uniform or lipstick.

-Persistence. This may show up as determination and dedication to finding a job. It may show up as volunteering every week at a homeless shelter or a Girl Scout troupe. It may show up in finishing high school in five years after family or health troubles. But that dogged determination leads to success.  Albert Einstein once said, “It’s not that I’m so smart, it’s just that I stay with problems longer.”

-The 4Cs – communication, collaboration, critical thinking and creativity. These traits were identified by an American Management Association survey as increasingly important to employers. Most 17-year-olds will have developed one or two of these but may not yet have proficiency in three or four.  So be sure to highlight them in your resume and interview.

-Extras in their resume. One of my Mity Nice hires this summer was class president and ran a blood drive at school. Another had three jobs this summer to help pay for her gap year in South America.  Head cheerleader or president of the Honor Society or Key Club, these extracurricular activities demonstrate an ability to juggle multiple tasks – and leadership abilities.

-People who believe in them. We hire people based largely on recommendations and referrals at Mity Nice.  We want to hear that the youth is hard-working and smart from neighbors, teachers, members of their church or synagogue and coaches or mentors. Teens who have believers are going to be more confident and more capable. They’re also going to have contacts who will advise them and help open doors to opportunities.

So what if you’re among the one-fifth of teens who did not land a summer job but desperately wants one this winter or spring?  Now is the time to start developing yourself and your skills and your network of believers.  Now also may be the time to start thinking about a small business you could establish over the next year.  (More on that soon.)

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MORE INFORMATION:

For more on the teen employment picture, read the BLS report here.
For my blog post on creating a first resume (for teens), check out WorkingKind.com archive  and also my Washington Post piece .

What can you learn from summer interns? Read my Glassdoor.com blog post on the traits interns have that are coveted by employers.

Need help with your tone and approach to hiring managers? Read my Washington Post piece on striking the right tone.

I hope to add more resources for young job hunters in coming weeks and months. Feel free to recommend websites, books, articles for teens and work. – VLE

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