Mar 312013
 

Texas Job GrowthJob growth is happening in the United States and Texas is leading the way lately. According to The Texas Workforce Commission, “The state’s employment has grown by 3.3 percent over the year, with 11 major industries showing positive growth over the year.”

You can read the full article here. The good news is job growth is happening, in many pockets around the country. Texas is the big winner adding job particularly in the Construction, Mining and Logging, and Manufacturing industries.

Everywhere people are getting jobs. If you are struggling to get a job, think about your approach. Ask yourself if you know what kind of work you want and why? Do you give a good interview? Are you marketing yourself effectively?

The answer to the job search isn’t about employers, it is about the mindset of a “job seeker.” Become a “job hunter.”

Jan 032013
 

The holiday season has come to a close and the economic outlook gives concern that the unemployment rate could climb again. Layoff NoticeHere is a list we came across recapping some of the bigger layoffs recently:

  • Abbott Labs (1,900)
  • American Airlines (4,400)
  • Cigna (1,100)
  • Boeing (52,200)
  • Boston Scientific (1,400)
  • Citi Bank (11,000)
  • Citi Group (1,550)
  • Consol Energy (145)
  • Covidien (595)
  • Cummins (1,500)
  • Dana Holding (25,500)
  • DuPont (1,500)
  • Exide Technologies (270)
  • First Energy (400)
  • Hawker Beechcraft (400)
  • Home Depot (7,000)
  • Hostess (15,000)
  • Lockheed Martin (10,000)
  • Major Wind Company (3,000)
  • Medtronic (1,000)
  • Pepsi (8,700)
  • Pfizer (16,300)
  • Sprint Nextel (8,000)
  • St. Jude Medical (300)
  • Stryker (1,170)
  • Wake Forest Baptist Hospital (950)
  • Zimmer (450)
Dec 072012
 

The Bureau of Labor Statistics (BLS) released The Employment Situation report for November of 2012 and the unemployment rate edged down to 7.7 percent in November. The number of unemployed persons dropped 300,000 to 12.0 million. Employment increased in retail trade, professional and business services, and health care. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 4.8 million. Keep in mind that there is another group of people who are not being counted in this statistic because they have run out of benefits and are no longer being tracked by the BLS. You can read the entire report here but as always, the summary is below.

GigSpire Note:

Keep in mind the spike in hiring right now is tied to the holiday shopping season. With the looming fiscal cliff and the massive layoffs that will occur after the holiday season, do not be surprised if we see unemployment jump back up…

Job Growth

  • Retail trade employment rose by 53,000
    • Clothing and clothing accessory stores (+33,000)
    • General merchandise stores (+10,000)
    • Electronics and appliance stores (+9,000)
  • Professional and business services rose by 43,000 particularly in computer systems design and related services
  • Health care employment continued to increase (+20,000)
    • Hospitals (+8,000)
    • Nursing care facilities (+5,000)
    • Health care has added an average of 26,000 jobs per month this year.
  • Employment in wholesale trade edged up over the month (+13,000)
  • Motion picture and sound recording (+15,000).
  • Leisure and hospitality employment continued to trend up (+23,000).
  • Manufacturing jobs increased in:
    • Motor vehicles and parts (+10,000)
    • Wood products (+3,000)

Job Losses

  • Construction declined by 20,000 in November, with much of the loss occurring in construction of buildings (-11,000).
  • Manufacturing employment had job losses in food manufacturing (-12,000) and chemicals (-9,000)
Nov 222012
 

The Bureau of Labor Statistics released the Mass Layoffs report for October and things are trending in the wrong direction. Keep an eye on these stats as we move past the holiday season and companies tighten up their purse strings. You can read the entire report here but as always, GigSpire gives you the highlights below. Stay educated!

  • Employers took 1,360 mass layoff actions in October involving 131,173 workers as measured by new filings for unemployment insurance benefits during the month
  • Each mass layoff involved at least 50 workers from a single employer.
  • Mass layoff events in October increased by 44 from September
  • The number of associated initial claims increased by 8,711.
  • In October, 344 mass layoff events were reported in the manufacturing sector resulting in 42,946 initial claims.

 

Nov 162012
 

18,500 jobs, or close to it, will comes to an end today along with several iconic snack foods. If you haven’t heard the news, Hostess, the makers of the famous Twinkie, Devil Dogs, Wonder Bread and many other popular snack items will shut down operations seeking protection in Federal bankruptcy court.

You can read an article about the issues on almost any news medium, here is a link to CNNMoney’s take on the subject. The most powerful line in the article in our opinion is the number of people who are affected by this move.

“The closing will result in Hostess’ nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide. The bakers’ union represents around 5,000.”

Lesson to be learned, no job is safe. Get yourself ready to find work and constantly build your network of contacts.

Nov 072012
 

The Bureau of Labor Statistics (BLS) released The Employment Situation report for October of 2012 last week. The unemployment rate was unchanged, holding steady at 7.9% for the month, equating to 12.3 million people. Keep in mind that there is another group of people who are not being counted in this statistic because they have run out of benefits and are no longer being tracked by the BLS. You can read the entire report here but as always, the summary is below.

  • The civilian labor force rose by 578,000 to 155.6 million in October
  • Employment growth has averaged 157,000 per month thus far in 2012, about the same as the average monthly gain of 153,000 in 2011

Job Growth

  • Professional and business services added 51,000 jobs in October
    • Services to buildings and dwellings (+13,000)
    • Computer systems design (+7,000)
    • Employment in professional and business services has grown by 1.6 million since its most recent low point in September 2009
  • Health care added 31,000 jobs in October
    • Ambulatory health care services (+25,000)
    • Hospitals (+6,000)
    • Over the past year, employment in health care has risen by 296,000
  • Retail trade added 36,000 jobs in October
    • Motor vehicles and parts dealers (+7,000)
    • Furniture and home furnishings stores (+4,000)
    • Retail trade has added 82,000 jobs over the past 3 months
  • Employment in leisure and hospitality continued to trend up (+28,000)
    • This industry has added 811,000 jobs since a recent low point in January 2010
  • Employment in construction edged up in October
    • The gain was concentrated in specialty trade contractors (+17,000)

Job Losses

  • Mining lost 9,000 jobs in October
    • Most of the decline occurring in support activities for mining
    • Since May of this year, employment in mining has decreased by 17,000

Keep in mind that we may see a decline over the next few months as the holiday season approaches and retail/seasonal hiring ramps up to support the demand. Do not be surprised if we see improvement followed by a drop in employment after the first of the year.

Nov 012012
 

According to the latest report released Tuesday by the Associated General Contractors of America, the top four areas in the country over the last year for job growth in the construction industry:

  • Houston area with 12,300 new construction jobs
  • The Seattle area came in second place with the addition of 6,000 new jobs
  • Boston’s ranked third with 5,200 new jobs compared with last year
  • and the Phoenix had the fourth-biggest jump adding 4,500 new jobs

You may see a spike over the next 60 days in construction jobs as the east coast (particularly the northeast) begin to rebuild from Sandy.

Oct 252012
 

The Bureau of Labor Statistics released the Mass Layoffs report this week outlining the trends for Sept. of 2012. You can read the entire report here but the important facts are:

  • Employers took 1,316 mass layoff actions in September involving 122,462 workers
    • Each mass layoff involved at least 50 workers from a single employer.
  • Mass layoff events in September increased by 49 from August
  • In September, 366 mass layoff events were reported in the manufacturing sector resulting in 39,748 initial claims.
  • The manufacturing sector accounted for 29 percent of mass layoff events and 34 percent of associated initial claims in the private economy.
    • Within manufacturing, the numbers of mass layoff claimants were highest in transportation equipment and in food.
  • Among the census regions, the South registered the largest number of initial claims due to mass layoffs in September.
  • Among the states, California recorded the highest number of mass layoff initial claims in September, followed by Pennsylvania and New York.
Oct 092012
 

The Bureau of Labor Statistics released The Employment Situation report for September of 2012 last week. Overall the news was better than anticipated, at least at the surface. The problem is if you read the report (found here) you will notice there are a significant number of unemployed people not counted for the purpose of this report. Before we give you the summary highlights we want to bring these groups to your attention.

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
 
In September, 2.5 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
 
Among the marginally attached, there were 802,000 discouraged workers in September, a decline of 235,000 from a year earlier. (These data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.7 million persons marginally attached to the labor force in September had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)”

Just something to keep in mind. Add all these people to the 12+ million more people not included in this report and we still have over 25 MILLION people unemployed.

Here’s what happened in September:

The unemployment rate declined by 0.3 percentage point to 7.8 percent in September. The number of unemployed persons, at 12.1 million, decreased by 456,000 in September.

Total employment rose by 873,000

Employment rose in:

  • Health care added 44,000 jobs in ambulatory health care services (+30,000) and hospitals (+8,000). Over the past year, employment in health care has risen by 295,000.
  • Transportation and warehousing increased by 17,000 jobs with gains in transit and ground passenger transportation (+9,000) and in warehousing and storage (+4,000).
  • Employment in financial activities edged up in September (+13,000), reflecting modest job growth in credit intermediation (+6,000) and real estate (+7,000).

Job Losses:

  • Manufacturing employment edged down in September (-16,000) in computer and electronic products (-6,000) and in printing and related activities (-3,000).
Sep 252012
 

Discouraged Workers Fall off the Reporting Radar

Finding work is tough these days, and it is even tougher for America’s young workforce. We came across a strong article on the Business Insider about the struggles of the 20-30 year old workforce in the US and thought we would pass it along. You can read the whole article here but below are some of the most powerful points:

  • Economists, analyzing government data, estimate about 4 million fewer people are in the labor force than in December 2007, primarily due to a lack of jobs rather than the normal aging of America’s population.
  • If all those so-called discouraged jobseekers had remained in the labor force, August’s jobless rate of 8.1 percent would have been 10.5 percent.
  • The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one has fallen by an unprecedented 2.5 percentage points since December 2007, slumping to a 31-year low of 63.5 percent.
  • The economy lost 8.7 million jobs in the 2007-09 recession and has so far recouped a little more than half of them.
  • Economists say jobs growth of around 125,000 per month is normally needed just to hold the jobless rate steady.
  • A pace twice that strong would be needed over a sustained period to make progress reducing the unemployment rate.
  • Last month, employers created just 96,000 jobs.
  • Last month, the proportion of 20- to 24-year-olds in the labor force was its lowest since 1972.
  • The 25-54 age group has seen a decline of 1.8 percentage points since December 2007.

Get yourself ready to find a job before you need one!