Archive for the ‘hiring’ Category.

Greater spending, fewer layoffs by more-confident businesses gives economy a lift


Tampabay.com
Greater spending, fewer layoffs by more-confident businesses gives economy a lift
Washington Post
WASHINGTON — Businesses are growing more confident in the economy, investing in more equipment and laying off fewer workers. Government figures on manufacturing and unemployment claims released Thursday raised hopes on the eve of a report on how much
spending, fewer layoffs bolster economyAZ Central.com

all 138 news articles »

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Despite layoffs, Charlotte’s big banks are still hiring

Despite layoffs, Charlotte’s big banks are still hiring
Winston-Salem Journal
Credit: David Rolfe/Journal Headlines about layoffs at major banks have become routine as companies such as Bank of America Corp. and Wells Fargo & Co. work through cost cuts. But recruiters and bank representatives say that Charlotte’s two biggest

and more »

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Can’t get job done

Metro-area employment down in ’12

By JOHN AIDAN BYRNE

Job prospects for the New York City metro area are about to hit rock bottom.

Job growth will be down slightly across the five boroughs in 2012, according to a new survey, which says that for each employment sector looking to hire there is one eyeing slightly more in cutbacks.

This news comes as theunemploymentrate in the city ticked up to 8.9 percent — the same level as a year ago — and more unemployed begin a new search for work, according to the state labor department.

A scant 13 percent of local employers plan to hire additional workers in the first quarter of 2012 — slightly less than the number who plan to fire staff — while most other sectors are holding the line, according to a Manpower Employment Outlook Survey.

The dreary job prospects rank the New York City area fourth-worst of the 100 US metro areas surveyed.

New Jersey is listed as the weakest state, with a 4 percent decline in jobs; Connecticut may see a modest 1 percent rise along the I-95 corridor.

These largely unwelcome local distinctions come amidst prospective local gainers: lottery-size salaries in sections of financial services.

And surprisingly, there are good prospects in durable-goods manufacturing, and leisure and hospitality, the quarterly Manpower survey from ManpowerGroup reveals.

Although often cited as dead, durable-goods manufacturing is still thriving in Bedford-Stuyvesant, Gowanus and Long Island City.

But it’s a bloodbath elsewhere. Employers in construction, nondurable manufacturing, professional and business services, education, health and local governments all plan to butcher payrolls.

New York’s net-employment outlook for the first quarter of 2012 is a shocking -0.5 percent, compared with 9 percent growth nationwide, the survey shows.

The outlook for the New York metro area, which extends into surrounding regions, is down from the fourth quarter’s 7 percent and 2 percent a year ago. (The net-employment outlook is the percentage difference between hiring and firing activity.)

Lance Robinson, a single 24-year-old from East Flatbush, Brooklyn, knows all about his prospects. After graduating in June with a bachelor’s degree in healthcare science from Oakwood University in Alabama, Robinson has dressed smartly for many local interviews.

But forget about getting any offers. “I’m thinking of moving out of New York to find work somewhere else,” said Robinson.

But not everyone is ready to throw in the towel yet.

Max Kemnitzer, a director at recruiter Michael Page International, said concerns about New York job growth are well-placed. Still, he said it is not all doom and gloom.

“We have seen a large growth here in jobs in the compliance, legal, tax-risk and other similar fields,” he said. “We expect more job openings for people with niche specialties.”

Another recruiter, who did not want to be named, told The Post of demand for legal eagles with backgrounds in Dodd-Frank. Annual salaries can run as high as $1 million.

And despite the loss of 4,000 financial-services jobs the past three months, 20 of the 22 financial sectors tracked by eFinancialCareers have more job postings than they did a year ago. The Street is recruiting energy traders, bankers, commodities experts and hedge-fund personnel, the Web site operator says.

But that’s not much consolation for many other New York workers, who continue to watch the job market —and their hopes — dwindle.

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

More improvement for job market as unemployment claims fall to lowest since


Kansas City Star
More improvement for job market as unemployment claims fall to lowest since
Washington Post
The number of people filing for unemployment benefits fell last week to the lowest since May 2008, a sign that the waves of corporate layoffs that have defined the past few years are all but over. “This is unexpectedly great news,” said Ian Shepherdson
Job market brightens as unemployment claims sinkSan Francisco Chronicle
Unemployment Benefits Drop to Lowest Level in More Than Three YearsFox News
US jobless numbers look a little brighterNew Zealand Herald

all 612 news articles »

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

IT Pros to Find Demand for Skills, Low Risk of Layoffs in 2012

IT Pros to Find Demand for Skills, Low Risk of Layoffs in 2012: Dice Report
eWeek
The report also noted the risk of layoffs continues to be remote. For corporate hiring managers who recruit for their own needs, just 16 percent believe that layoffs are likely in the first six months of 2012. Although there is less concern about tech
65% of hiring managers plan to add IT staff in 2012Network World

all 2 news articles »

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Cantor Plans to Hire 200 Next Year as Layoffs Ravage Wall Street

Cantor Plans to Hire 200 Next Year as Layoffs Ravage Wall Street
BusinessWeek
30 (Bloomberg) — Cantor Fitzgerald & Co. plans to add at least 200 people next year in an expansion that defies a wave of layoffs at the investment bank’s competitors. “There are unbelievable opportunities as the financial industry is deleveraging

and more »

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Why Wall Street’s Layoffs Are More Serious Than You Think


Forbes
Why Wall Street’s Layoffs Are More Serious Than You Think
Forbes
All that talk about cutbacks and layoffs on Wall Street are coming to a head. Bank of America has reportedly started the first phase of a massive layoff plan by notifying some of its employees that they no longer work for the company.
Bank of America begins massive layoff but TD is hiringBizjournals.com (blog)
Bank of America issues layoff noticesKansas City Star
Are BofA Layoffs a Sign of Things to Come?www.waterstechnology.com
American Banker (subscription)
all 45 news articles »

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Unemployment rate falls but US economy remains sluggish

Unemployment rate falls but US economy remains sluggish
Los Angeles Times
The household survey is used to calculate the unemployment rate but is less reliable in counting jobs data. Employment services, which include temporary help companies, added 14400 positions in the month. Companies often hire temporary workers before

and more »

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Economy adds 80,000 jobs in October, as unemployment rate dips to 9 percent

WASHINGTON — Hiring slowed in October as employers faced more uncertainty over future economic growth.

The Labor Department says the economy added 80,000 jobs last month, the fewest in four months and below September’s revised total of 158,000. The unemployment rate dipped to 9 percent.

Businesses added 104,000 jobs, below September’s total. Government shed 24,000 jobs.

The report included some positive signs. The government revised August and September’s figures upward by 102,000. Average hourly earnings rose. And the unemployment rate fell for the first time since July, because a separate survey of households showed more people found work.

The report suggests that President Barack Obama will likely face the voters with the highest unemployment rate of any postwar president.

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

ADP: Private Sector Adds 110000 Jobs


Fundweb
ADP: Private Sector Adds 110000 Jobs
Wall Street Journal
Other job data also suggest some improvement in the labor markets. Private-sector jobs in the US rose by 110000 last month, according to a national employment report published by payroll giant Automatic Data Processing Inc. and consultancy
U.S. Private-Sector Employment Increased by 110000 Jobs in October, According MarketWatch (press release)
Finally, Good Jobs News, Particulary for the Office SectorCoStar Group
Stocks rise with promising national employment dataMilwaukee Small Business Times
Reuters -Forbes -Fundweb
all 172 news articles »

 

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • Google Buzz
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS