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Veteran Representative Newsletter
November 2007
Job market talking points
We have two reports to share that provide insights into today's job market:
Beyond.com
Is a site that brings together the job posts of many job boards, including our site. In a report of internet job post trends for the third quarter, the rankings of job posts are:
- Information Technology, 12.8%
- Sales & Management, 12.7%
- Health Care, Medical, 10.5%
- Travel, Hospitality, Restaurant, 9%
- Accounting, Finance, 7.9%
All other job groups make up the balance of less than 50%. Top job markets in the report are:
- New York
- Los Angeles
- San Francisco
For some professions, the job posts show high demand for key skills. In the first quarter of next year, we should see a broadening out to many other skill sets as company hiring plans and budgets ramp up for 2008
Staffing Industry Analysts Daily News, November 13th
"Economists lowered their estimates for growth for the remainder of the year and the first half of 2008 while projecting a weaker labor market, according to the fourth-quarter Survey of Professional Forecasters released today by the Federal Reserve Bank of Philadelphia.
For 2008, economists forecast that GDP will grow at 2.2% in the first quarter of 2008.
Forecasters also predicted nonfarm payroll employment growth will average 104,000 per month in 2008. In addition, they estimated an annual average unemployment rate of 4.9% in 2008.
Note: Job Growth for 2008 is forecast at 1.2 million jobs. If the unemployment rate holds at 4.9% for the year, that's below the average annual unemployment rate for the entire decade of the 1990's, which was 5.2%. So 2008 will be a better than average year for the job market.
Comments:
Since once of your primary goals is to provide counsel to job seekers, there is one more insight to share. Recruiters in the US economy are like the canary in the coal mine. Recruiter jobs are the first jobs reduced when companies take actions to reduce staff. Unemployment among Recruiters today is about 0%. Every Recruiter is working! That's a great indicator of how the job market is really doing!
Vet job search success
Newsletter note: If you have a success story to share, send an email! And thanks!
Connecting with employers
McKinsey & Company, one of the leading consulting firms in Human Resources, conducted a study of careers and job changes that provide insight into how people experienced a change in career. The study findings are based upon comments from 881 professionals who had prior experience in career change, such as by promotion, job change to new company, or transfer to a different area. The survey participants were asked to comment on their new jobs and the findings are:
Career Change Intellectual interest of job Overall job satisfaction Career advancement Level in the organization Compensation Relationships with colleagues, management 66
29
3
Work/Life Balance
Comments:
The positive evaluations of a career change on intellectual stimulation, job satisfaction, career growth, improvement in the level of the organization and compensation are overwhelming. Note the major negative area reported, the adverse impact on Work/Life Balance, illustrating an issue that has been suspected but not adequately studied. Career change has an impact on the personal lives of people and families. The findings above were comparable for single or married/partnered people, parents and non-parents alike, as well as men and women. All reported that a job change created balancing problems between work and life.
Special Announcement
What Color is Your Parachute? author Dick Bolles offers support and comments on Work Ministry in the 2008 edition of his upcoming book! Thanks for your support Mr. Bolles!
New Web sites Serving Active Duty, Veterans and Families Launched
Several months ago, two new web sites were launched serving the needs of our Active Duty, Reserve, Guard, Veterans and their families. Patriotjobs.net helps outgoing service members transition into the private sector by providing them links to thousands of jobs with companies all across America.
Hire-A-Patriot.com serves active duty personnel and their families providing a connection between small mom and pop businesses looking for part -time workers and homeowners needing temporary help doing odd jobs on the weekends. Many service personnel will be able to take advantage of Hire-A-Patriot.com to help supplement their monthly pay or find work for spouses. Both web sites are owned and operated by veterans. Both are free to use.
www.Patriotjobs.net
We welcome to our newest alliance partner in service to our men and women serving our country.
Alliance Partners
We appreciate your use of our alliance partners:
We support the following resources in service to job seekers:
- BPWUSA Business and Professional Women USA, women Joining Forces
- HACEUSA Hispanic Alliance for Career Enhancement
- Jobkabob sell your skills, not your work history.
- Career Concepts USA: Job Fair resource
Have a Vet job search success story to share? Send an email to VetRep@workministry.com.
Reminder:
Workministry.com has a growing list of job posts as well as continual improvement in resources for Vet Reps and job seekers. Please make a point of asking your clients to check the site, review the job posts and use the site resources
Editor's Note:
The Veteran Representative newsletter and message board are all about you. Our goal is to create a forum for
sharing information that helps you fulfill your mission. If you have feedback, ideas or suggestions for either the newsletter or the message
board, please send email to: VetRep@workministry.com.
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