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Recent report says job searches of recent grads have been shorter

May 20th, 2012

PEORIA —

Emily Wolffe had to interview for 4 1/2 straight hours and wait four months for a phone call, but she finally got the job she wanted.

Wolffe, who graduated from Bradley University on Saturday with a degree in mechanical engineering, was one of many college students who rode the roller coaster known as a job search this school year. She was hired in February at the Edison Engineering Development Program in Cincinnati, Ohio, as a mechanical engineer.

Wolffe’s journey is just one example of the experiential learning, as Jane Linnenburger called it, that Bradley University students gain as undergraduates.

“We want to give our seniors an idea of what it will take to succeed and provide a strong support system to help them do that,” said Linnenburger, executive director at Bradley University’s Smith Career Center. “We saw a 34 percent increase in the amount of employers at our job fairs this year which increased student attendance as well.”

Linnenburger said 11 percent more Bradley undergraduates were employed before graduation this year than in 2011, indicating that although the job market has taken a major hit since the economic collapse in 2008, it is showing signs of recovery.

“We’ve heard from employers that things have improved, and we’ve experienced healthy recruiting from August to May,” Linnenburger added. “We had an increase in students with multiple offers to consider, so they seemed motivated the whole year because they had the opportunity to be more selective.”

According to a report from Rutgers University – “Chasing the American Dream: Recent College Graduates and the Great Recession” – for the college graduates interviewed who are currently working, the job search was short. Almost a quarter found a job within two months of starting their search and just about half found a job within the first six months. The report reflects the results of interviews with 444 graduates of four-year colleges and universities from the classes of 2006 through 2011.

Wolffe, a native of Germantown Hills, epitomized that opportunistic approach by embracing all employment opportunities throughout her senior year. Her current employment with Edison Engineering Development Program came after a strenuous schedule of online, over-the-phone and in-person interviews, including a trip to Cincinnati in October involving hours of interviews with multiple professionals and the four-month waiting game before the phone finally rang.

“I was offered a full-time position after interning at Archer Daniels Midland this year, but I knew it wasn’t really for me,” Wolffe said, admitting the risk in turning down a guaranteed paycheck.

http://www.pjstar.com/news/x738805573/Recent-report-says-job-searches-of-recent-grads-have-been-shorter

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Young hit harder than old on jobs

May 20th, 2012

By CHRISTINE PARKER

Young people are getting slammed by the economy.

A recent report by the Manhattan Institute for Policy Research found that the unemployment rate for 20- to 24-year-olds rose 4.4 percent since 2008, the sharpest increase of any age group. While the number of workers over 55 grew by nearly 9 million since 2002, the number of working young people has decreased by 313,000.

“Here is the Senate having a hearing on what to do about older workers; the real problem is younger workers,” said senior fellow Diana Furchtgott-Roth, who presented figures from the report in Washington on Tuesday. “If you look at almost any metric, [employment] has been going up for 55 and older, and it’s been going down for ages 20-24.”

Graduates leaving the ivory tower with tens of thousands in debt have had an increasingly hard time landing jobs in the murky economy, where they’re met with looming layoffs and measly paychecks.

In 2011, 9 percent were unemployed, up from just 4.9 percent in 2006. The result is a burgeoning “boomerang generation” that’s moving back in with parents — 43 percent of college-age graduates with a bachelor’s degree were living back at home last year, compared with 36 percent in 2005.

“The problem with this generation is that the economy isn’t producing enough jobs for them,” said Furchtgott-Roth. “It has nothing to do with people being lazy.”

The former chief economist for the US Department of Labor warned of the long-term effects that under-employed youth could have on the economy, citing a paper in the American Economic Journal that found those who graduate during a recession suffer earnings losses lasting a decade.

“It’s not good for the economy to have a lot of unemployed younger people who are going to have a hard time getting jobs later on,” she said.

Read more: http://www.nypost.com/p/news/business/young_hit_harder_than_old_on_jobs_k16VTP9lSr4976AF2UzN4H#ixzz1vP293G1q

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Women’s work has come undone, as record numbers exit market

May 20th, 2012

By CHRISTINE PARKER

Where have all the workers gone?

The most recent take from the Bureau of Labor Statistics says the participation rate of all US workers is 63.6 percent of the population — the lowest figure since Dolly Parton sang “9 to 5” in December 1981.

This historically low participation number is directly contributing to the lowering of the unemployment rate, since far fewer people are actively searching for work.

Turns out one of the largest demographic leaving the work force is adult women. The BLS says the rate of female labor participation over the last year has been a statistically significant drop from 58.3 percent in April 2011 to 57.6 percent this April, with 324,000 calling off their job search in March and April, according to the BLS. The rate peaked in April 2000, when it hit 60.3 percent.

NUMBERS GAME: 1.3 million US jobs have been created in the last year, but women gained only 149,000 jobs, according to the BLS.

NUMBERS GAME: 1.3 million US jobs have been created in the last year, but women gained only 149,000 jobs, according to the BLS.

In the last 12 months, 1.3 million jobs have been created, with 90 percent of those positions going to men, according to the BLS. Women have gained just 149,000 jobs.

The rate of participation by men 16 and over stands at 69.7 percent, down slightly from the year-ago level of 70.1 percent.

One possible explanation: “There may be some women who are saying, ‘I don’t have to work, I’m not compelled to work in quite the same way that I was during the recession,’” said John Challenger, CEO of Challenger Gray & Christmas, a job-placement agency.

“These are women who picked up the slack for families or couples during the recession to bring in income, but now that the husband has gone back to work, they have more freedom to leave the work force.”

The percentage of working women with high-earning husbands had been on the decline for some time before the recession, according to a soon-to-be-released study by the Federal Reserve Bank of New York.

The study found that the career behaviors of college-educated women correlate directly to their husband’s income.

Between 1993 and 2006, the work force saw an average yearly decline of 0.1 percent in the number of educated married women, a stark contrast with the average growth rate of 2.4 percent each year from 1976 to 1992. And today more young women between 16 and 24 are enrolled in school than in the work force, according to the BLS.

“If you’re a secondary earner and your wage is lower than your spouse, and your spouse’s wage rises, you have less of an incentive to work. This mechanism can explain about one-half to two-thirds of the decline in the growth rate of the participation of educated married women in the data between the mid-1990s up until the 2007 recession,” said Stefania Albanesi, an economist at the Federal Reserve Bank of New York, and one of the study’s authors.

Still, experts are careful not to link the recent drop-off in female labor force participation to any one definitive cause, instead ticking off a host of factors that could be contributing to the current dip, like increased competition from men.

“The recession was dubbed a ‘man-cession’ because so many people who lost jobs were men, working in industries like home construction and manufacturing,” Challenger explained. “As the number of industrial jobs go down, you may see more men entering some of the professions that women have been more predominant in, like health care.”

In addition, as more and more women enroll in college — showing up men in the degree department — many are also postponing jobs.

cparker@nypost.com

Read more: http://www.nypost.com/p/news/business/women_work_YlPMisxHTsSYjwNXAxQJDN#ixzz1vP0LoIZ9

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HP Layoffs Looming: Company Said To Be Eliminating Up To 30000 Jobs – Huffington Post

May 19th, 2012


Sydney Morning Herald
HP Layoffs Looming: Company Said To Be Eliminating Up To 30000 Jobs
Huffington Post
Once I heard of the layoffs. I too thought of Meg Whitman… The Mrs Gordon Gekko Of California.. I shudder to think if she had become Governor of California. With all that amount of money thrown into buying oops winning her way in.
Mass layoffs hit Hewlett-Packard, US Postal ServiceWorld Socialist Web Site
Huge job cuts rumored to be looming at Hewlett PackardSan Jose Mercury News
HP plans massive layoff, say reportsComputerworld
NPR -Seeking Alpha
all 508 news articles »

 

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15 Layoff Notices Issued in North Las Vegas – KLAS-TV

May 18th, 2012

15 Layoff Notices Issued in North Las Vegas
KLAS-TV
City leaders authorized City Manager Tim Hacker to initiate the layoffs with a unanimous vote Tuesday night. They say for months the city has asked unions to stop raises for two years and benefit increases, but claim representatives of the agencies

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Sadler layoffs loom, HCA not looking to buy clinic – Woodlands Online, LLC

May 18th, 2012

Sadler layoffs loom, HCA not looking to buy clinic
Woodlands Online, LLC
Sadler Clinic recently laid off a handful of employees and expects more layoffs. Photo by Bryan Shettig. THE WOODLANDS, Texas –– The Sadler Clinic company, which has multiple clinics in Montgomery County has begun layoffs, expects more to come and is
Sadler Clinic braces for layoffsYour Houston News

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Unruly teachers union members cause a scene but can’t deter layoff vote – Las Vegas Sun – 15057th Edition

May 17th, 2012


CBS Local
Unruly teachers union members cause a scene but can't deter layoff vote
Las Vegas Sun
And as a result of the layoffs, average class sizes — already criticized for being one of the largest in the nation — will rise by another two or three students. “This is a very sad day,” School Board member Carolyn Edwards said.
FOX5 Vegas – KVVUSchool board meeting gets testy in wake of pending layoffs, cutsKVVU Las Vegas
SF schools' teacher layoff plan is flawedSan Francisco Chronicle
Clark County School Board Approves LayoffsCBS Local
The Desert Sun -KTVA CBS 11 News Alaska -San Jose Mercury News
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By news.google.com

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Big layoffs at rock station WFNX as it’s sold to Clear Channel – Boston.com – 15055th Edition

May 17th, 2012


Hollywood Reporter
Big layoffs at rock station WFNX as it's sold to Clear Channel
Boston.com
By DC Denison, Globe Staff Most of the staff at Boston alternative rock station WFNX 101.7 FM was laid off Wednesday as Stephen M. Mindich, founder of station owner Phoenix Media/Communications Group, revealed in a memo that it is being sold to radio
Sale, layoffs rock alternative radio stationBoston Globe
17 layoffs, as Stephen Mindich sells Boston's WFNX (101.7) to Clear ChannelRadio-Info.com
Local alternative rock station sold, employees laid-offMy Fox Boston

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By news.google.com

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Vermont’s NRG Systems announces 18 layoffs – BusinessWeek – 15051th Edition

May 17th, 2012

Vermont's NRG Systems announces 18 layoffs
BusinessWeek
One of the stalwarts of Vermont's renewable energy industry is announcing a round of layoffs. NRG Systems of Hinesburg is letting go of 18 employees, reducing its workforce to about 100. The company makes equipment for testing potential wind power
NRG Systems lays off 18 workersBurlingtonFreePress.com
NRG Systems cuts jobs, expensesWCAX

all 11 news articles »

By news.google.com

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Indio Bracing To Layoff 14 employees – KESQ – 15050th Edition

May 17th, 2012

Indio Bracing To Layoff 14 employees
KESQ
According to Mayor Glenn Miller, the plan is to layoff 14 city employees to close the gap for the next fiscal year. 15 city departments will also be restructured to cut costs including the police department which could see as many as three sworn
Indio police union to sue cityThe Desert Sun

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By news.google.com

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