More Confidence in the Jobs Market

The Bureau of Labor Statistics generates data on job openings, hires, and separations. It is a survey referred to as the Job Openings and Labor Turnover Survey (JOLTS). It recently showed that the pace of “quitting” is now over 2.0%. This is an indication that employees feel comfortable with the economy and their job prospects to quit and pursue new employment.

It also indicated that more highly paid employees are separating from their employment than is normally the case as well.

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Employment Index Number Is Good From The Conference Board

The Conference Board is an independent, non-partisan, and non-profit organization that provides business insight. As a part of its services, it tracks employment trends by combining information from a variety of sources into one index – The Employment Trends Index.

This index is currently at 132.64 which by itself does not mean that much until you compare it to the Index reading of the same time last year. The Index has improved 4.1% over the course of the last twelve months.

“The Employment Trends Index has been expanding rapidly in 2017, suggesting that robust job growth will continue into the summer,” said Gad Levanon, Chief Economist, North America, at The Conference Board. “A tight labor market is about to get much tighter, with solid employment growth occurring at a time when there is almost no growth in the working-age population.”

Pulled all together, this is good news for the general jobs market for those looking for jobs.

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Economy Adds 211,000 Jobs in April – Unemployment Rate Down

According to the Bureau of Labor Statistics, the economy added 211,000 jobs in April. The unemployment rate dipped to a 10-year low of 4.4%.

These statistics are good news and evidence of a growing jobs market. Since January 1, 2017 the economy has added 744,000 jobs. The growing challenge in the jobs market now lies in the skills-gap. Some employers are facing challenges of identifying, recruiting, and hiring employees that have the prerequisite skills to fill open positions.

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Unemployment Rates Down in Vast of Majority of Metropolitan Areas

According to a report released today by the U.S. Bureau of Labor Statistics, unemployment rates were lower in March, 2017 than a year earlier in 336 of the 388 metropolitan areas, higher in 38 areas, and unchanged in 14 areas. There were twenty-three areas that had jobless rates of less than 3.0 percent.

This report is additional information that the jobs market continues to improve for most of the larger metropolitan areas across the U.S.

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Twenty-seven states had significant employment increases for year ending March 2017

According to the Bureau of Labor Statistics, twenty-seven states had increases in employment for the 12 months ending March 2017. Two states lost jobs over the same 12-month period, while employment remained essentially unchanged in 21 states and the District of Columbia over the year.

The largest over-the-year job gains occurred in California, Texas, and Florida (large population states). The largest percentage gain occurred in Utah (+3.2 percent), followed by Florida, Georgia, and Nevada (+3.0 percent each). Only 2 states experienced employment declines (Alaska and Wyoming – low population states).

These numbers continue to show that the job market is improving. Presumably, should federal legislation, namely healthcare and taxes, be passed the job market could continue its positive gains.

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More Good Trends on Employment – Employment Characteristics of Families (2016)

The Bureau of Labor Statistics recently reported that unemployment within families is trending downward. This is good news! In 2016, 6.5 percent of families included an unemployed person, which is down from 6.9 percent in 2015. The Bureau also reported that of the nation’s 82.1 million families, 80.4 percent had at least one family member who was employed 2016.

This employment trend and other statistics continue to support the conclusion that the job market is improving.

Click here to read the full 2016 news release

Unemployment rates decline in 274 metropolitan areas over a 12 month period ending February 2017

According to recently released information by the Bureau of Labor Statistics, unemployment rates were lower in February 2017 than a year earlier in 274 of the 388 metropolitan areas. The largest over-the-year percentage increase in employment among the metropolitan divisions occurred in Camden, New Jersey, and Dallas-Plano-Irving, Texas (+3.7 percent each).

The increase in employment across so many metropolitan areas is good news for job seekers. A robust labor market is shortening job searches and providing opportunities for many job seekers across the country.

Now Available! The Motivated Job Search Workbook

The Motivated Job Search Workbook contains thought provoking questions and exercises that correlate directly with Brian Howard’s job search books, The Motivated Job Search and Over 50 and Motivated!

Conducting a job search can be a daunting task, especially if that job search was put upon you unexpectedly. Thoughts and questions like where to start, what to do, priorities, how to deal with feelings, where to go for information among so many others can quickly overwhelm you. This workbook, used with The Motivated Job Search or Over 50 and Motivated will get you through it! It will lead you to your next job!

With plenty of writing space, The Motivated Job Search Workbook, takes you through the step-by-step process of a job search. The questions and exercises are simple but will make you think about yourself, your professional value to employers, your successes, your brand, and all of the practical action items you must do to successfully execute a job search. Written as a comprehensive workbook for the entire job search process, it will keep you organized, keep you thinking, and keep you motivated!

The workbook can be purchased through the publisher, WriteLife Publishing or on Amazon.

Jobless Claims Down

Jobless claims were down again last week – to 234,000. This indicates that companies are not engaging in lay-offs. This is good news! Claims have now been below 300,000, a threshold associated with a healthy labor market, for 110 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller. According to sources, the labor market may be close to full employment, with the unemployment rate at a near 10-year low of 4.5 percent. Additionally, the average person who has been let go is finding a new job within 60 days in many cases (depending on the level of the position).

Over 50 and Motivated! – A job search book for job seekers over 50.

Statistically, job seekers over 50 have more difficulty finding employment than their younger counterparts. Over 50 and Motivated is a practical no-nonsense job search book specifically written for job seekers over the age of 50.

Over 50 and Motivated covers meaningful topics such as dealing with age biases, advantages of experience, how to correctly prepare for a job search, profiling your next job, understanding the employer’s mind, branding, elevator speech, success stories, LinkedIn, resumes, networking, social media, the hidden job market, interviewing, negotiating a job offer, along with a myriad of useful job search tools all written for the job seeker over 50.

The book contains motivating success stories and advice from other tenured job seekers over 50 who landed fulfilling career positions despite the obstacles.

Here is a link, Sample Pages from Over 50 and Motivated!, to see selected pages from the book.

You can buy the book on the publisher’s website, WriteLife Publishing or on Amazon.