Posts Tagged ‘jobs’

White Collar is…

Thursday, June 30th, 2011

White collar is a term used to describe a particular kind of job. Basically any work that’s not manual labor (i.e. work that’s harder on the brain than on the body) can be described as a “white collar” occupation.

Think research analysts, administrative assistants, and nurses, versus the local plumber or a high school janitor. (Those would be considered blue or pink collar occupations.)

It’s a Great Time to Be You: Pretty Young Professional Talks with TILE

Monday, May 9th, 2011

Freaked out about your career? Amanda Pouchot and Kathryn Minshew from prettyyoungprofessional.com have been there, and they have some sage words of advice for you:

Check out Amanda and Kathryn’s other TILE appearances here.

>> TILE brings you exclusive opinions, explanations, and interviews from experts in every industry. Have a burning question or an expert you’d like to see interviewed? Just Ask TILE!

Gen Y Gets a Job: Pretty Young Professional Talks with TILE

Monday, March 14th, 2011

What do you do when your fancy degree gets you a job answering the phone and filing papers for someone else?

Amanda Pouchot and Kathryn Minshew from prettyyoungprofessional.com have some helpful advice.

Bet You Didn’t Know: The U.S. Still Manufactures 40% More Stuff Than China

Friday, February 11th, 2011

“WASHINGTON — U.S. factories are closing. American manufacturing jobs are reappearing overseas. China’s industrial might is growing each year.

Yet America remains by far the No. 1 manufacturing country. It out-produces No. 2 China by more than 40 percent. U.S. manufacturers cranked out nearly $1.7 trillion in goods in 2009, according to the United Nations.

The story of American factories essentially boils down to this: They’ve managed to make more goods with fewer workers.”

What do you think?

What if higher production adds up to fewer jobs? Is efficiency always a good thing?

How often do you see “Made in U.S.A.” on the products you buy? How about “China?”

Nonprofits Added Jobs During The Recession

Wednesday, September 8th, 2010

What?? But yes, it’s true

  • The Johns Hopkins University Center for Civil Society released a study showing that nonprofit job openings actually grew from mid-2007 to mid-2009, while employers in the for-profit sector were shedding jobs left and right.
  • One explanation for this surprising trend is stimulus funding, which pumped more money into public programs in response to the economic crisis. But not every area of the nonprofit world grew equally. Social-service nonprofits did relatively well, but that is likely because the whole social-service sector (including for-profits) did well.
  • There is concern that when stimulus funding runs out, the job situation in the nonprofit sector will reverse.

Facts & Figures

  • Nonprofit jobs in the 21 states studied grew by an average of 2.5% each year
  • In the same time frame, those states lost jobs at a rate of about 3.3% each year
  • Job growth in the nonprofit sector actually grew more between 2007-2009 than it had between 2001-2007

Best Quote

“The service area has been growing, historically, pretty fast, much more so than manufacturing.” – Lester M. Salamon, Director of the Center for Civil Society Studies

Jobless Claims And Recovery Concerns Rise

Thursday, August 5th, 2010

As jobless claims rise, Americans are becoming even more concerned about the economic recovery.

  • New unemployment claims rose last week, which may indicate a weak economic recovery.
  • The unemployment rate is expected to climb to 9.6% (up from 9.5% in June).
  • While growth expanded 3.7% in the first quarter of 2010, it fell to a 2.4% annual rate in the second quarter.
  • Generally speaking, consumers have cut spending.

Facts & Figures

  • Claims for state unemployment benefits rose 19,000 (the highest since April).
  • 4-week average of new jobless claims rose 5,250 to 458,500.
  • Jobless claims fell in 2009 but have stalled this year.
  • The number of people on emergency benefits rose 60,993 to 3.31 million in mid July.

Best Quote

“The bottom line is that any recovery in employment is going to be very slow. It’s likely that we’re still 9.5 percent unemployment or awfully close to it by the end of the year.” -Scott Wren, Senior Equity Strategist, Wells Fargo Advisors in St. Louis

Dealing with Questionable Content

Monday, July 19th, 2010

Workers who screen websites for explicit content are increasingly in demand, but many companies are failing to provide these employees with adequate psychiatric care.

  • Internet content reviewers, people who police popular websites in order to identify and remove inappropriate content, are being hired in ever greater numbers.
  • Although these jobs are in high demand, they do not pay well, and many companies that hire internet content reviewers don’t guarantee them psychiatric help in order to deal with the hundreds of graphic and disturbing images they see every day.
  • The psychiatrists who have interviewed these workers have concluded that many of them have been psychologically affected by their jobs. These findings are troubling, especially considering that companies want to hire ever more screeners, young people are often attracted to the work, and the jobs are being increasingly outsourced.

Facts and Figures

  • At one company, Telecommunications on Demand, 50 internet content reviewers examine a combined average of 20 million images per week.
  • These employees are paid $8-$12 per hour.

Best Quote

“You have 20-year-old kids who get hired to do content review, and who get excited because they think they are going to see adult porn. They have no idea that some of the despicable and illegal images they will see can haunt them for the rest of their lives.” – Hemanshu Nigam, Former chief security officer at MySpace

Businesses Hesitate To Hire, Stall Economic Recovery

Tuesday, July 6th, 2010

Concerns about the stalled U.S. economic recovery continue to grow.

  • Last week, state unemployment aid claims increased unexpectedly, which may indicate that the economic recovery is stalling.
  • Although the number of layoffs has decreased in the past year, businesses are hesitant to hire.
  • New jobless claims rose to the highest level since the beginning of March.
  • Obama’s approval ratings have plummeted due to concerns about the economic recovery.

Facts and Figures

  • Claims for state unemployment benefits rose 13,000 last month.
  • Employers announced 39,358 job cuts in June, up 1.4% from May.
  • Private employers added just 13,000 jobs in May.
  • Announced layoffs hit a 4-year low in April.

Best Quote

“It’s looking more and more like the job market is treading water. Layoffs are down from 2009, but hiring hasn’t really picked up and this is disappointing. There is a lot of uncertainty on the hiring side that’s causing things to remain sluggish. In order for the recovery to give people confidence it needs to cut across different sectors of the economy.” – Stephen Bronars, Senior Economist at Welch Consulting

Wall Street Hurt Just As Much As Everyone Else

Wednesday, March 3rd, 2010

In terms of job creation for the mid-level managing types, yes, they too are hurting.

  • While the market has somewhat recovered and stabilized in the past year or so, and big banks have begun to bounce back, former mid-level executives of banks and financial firms have had a hard time finding work.
  • Many banks and finance companies fear that the stock market boon that helped catalyze the recovery in 2009 may not last, and, to make matters worst, that pending trading regulations will inhibit profitability.
  • It may take months for banks and financial companies to start hiring mid-level executives, but there are currently a plethora of opportunities for senior-level bankers and executives.

Facts & Figures

  • Financial companies have cut nearly 80,000 securities, commodities and investment jobs in the United States since mid-2008.
  • During the recession, New York’s financial services sector shed 44,200 jobs (a 6.1 percent reduction).
  • All told, Goldman Sachs cut 4,800 jobs, Citigroup, 75,000, Bank of America, 45,500, JPMorgan Chase, 23,700, and Morgan Stanley, 8,600.

Best Quote

“The reality is that you get used to a certain level of compensation that is hard to match elsewhere.” – Matt Prendergast, Former Managing Director at Bear Stearns

The Economy Is Looking Up, But That Might Not Mean More Jobs Tomorrow

Friday, February 26th, 2010

For now it seems as though the eye of the storm has passed, but we’re not out of the woods yet, especially those of us looking for jobs…

  • Throughout the course of a nation’s economic history, job markets fade and expand, but this recession has thrown a wrench into this natural process of economic evolution—some of the jobs lost in this recession will never come back.
  • With corners being cut and companies outsourcing work to more efficient producers, businesses have altered their business and learned new techniques and methods for doing more with less.
  • Though the economy is beginning to recover and jobs are coming back, the rate of job creation has slowed considerably. That, coupled with many people joining and rejoining the workforce, means that unemployment and economic growth indicators will continue to be somewhat stagnant in the foreseeable future.

Facts & Figures

  • Nearly a quarter of the 8.4 million jobs have been lost since 2007 won’t ever be coming back.
  • About 133,000 jobs will be created each month of this year, but economists predict that the unemployment rate will fall only to 0.3% by year’s end.
  • In order for unemployment to fall at a faster rate, economists say that over 200,000 jobs will need to be created each month.

Best Quote

“There’s a certain Darwinian angle to recession. Firms that survive are stronger for having the experience. They tighten down and look for ways to cut waste.” -–Sean Snaith, Economist at the University of Central Florida.