What exactly is the unemployment rate? Your grandma is retired, does she count towards the unemployment rate? And even if you understand the unemployment rate, what impact does it have on your career? Fortunately for you, you’ve come to the right place. And no, your grandma doesn't count.
The unemployment rate is calculated by diving the amount of people who don’t have a job by the amount of people who do have a job. Individuals who aren’t looking for work don’t factor into this figure, such as retirees, stay-at-home dads, and minors not old enough to work.Another factor that’s not counted into this unemployment rate is what’s called "underemployment.” A great example of this is a recent college graduate with a finance degree working as a barista at your local coffee shop. Yes, this person has a job and is employed, but they don’t have a "career job" and are still actively job searching. Basically, there is more competition than the unemployment rate suggests.
In recent years, the unemployment rate has dropped nationwide. While it’s promising that more and more jobs are opening up, this also means it’s time to take charge of your career and work hard to refine your best job-related skills.
Nancy Collamer, a career coach, suggests looking at the way you network. You shouldn’t only network when you’re unemployed—you should network all the time. You never know when a great opportunity will pop up, or when you badly need some job advice.
Another key factor is making sure you’re actively giving to your network—endorsing their skills on LinkedIn, providing job recommendations, etc. It may be common sense, but you become more valuable if you offer value. Once you’ve established yourself as a reliable contact, you’ll start to receive (job openings, interviews, etc.).Assessing your mindset and attitude is also important. Career coach Erika Anderson recommends looking at your internal dialogue about yourself and your career. Are you stuck in your old ways, or willing to make a change? Also, it’s important to consistently remind yourself of your selling points. Why are you such an asset? You need to constantly highlight these skills in your resume, cover letter, and interview.Also, don’t overlook the importance of volunteer work. A recent study showed that people who volunteer are 27 percent more likely to get a job. Volunteering is a great way to build skills and experiences you may not be getting in the workplace. Plus, it’s a wonderful opportunity to network and give back.
It’s crucial to regularly check for job openings. You should be checking several times a week, if not daily. Part of understanding the unemployment rate is knowing that you’re not the only person looking for a new job. Jobs fill quickly, and you’ll miss opportunities by not looking often enough.Another aspect to job searching is reaching out to hiring managers at companies before you know an open position exists. Less candidate take this route, which means you’ll have a leg up on the competition. If you’ve done a good job networking, have one of your contacts introduce you to a hiring manager. If not, don’t be scared to get on the phone or write an email and tell them how you can help their organization. A smart manager is always looking for great people, whether or not they are hiring at the time.
With more businesses starting out and needing financial help, some accountants are finding their careers are just as buoyant when the economy is down.
The number of college students in dire need of counseling is rising, according to the New York Times.
A new survey of chief financial officers has found that most companies plan to maintain their staff of accounting professionals through the third-quarter of 2012.
The latest unemployment figures show that more professionals are moving from part-time jobs to full-time careers.
The Bureau of Labor Statistics predicts that demands for health information and medical records specialists will grow faster than average in the coming years.
Experts say there are a few career paths worth looking into for those who are willing to embrace the 21st century.
Professionals with clerical experience on their resumes are in demand in Phoenix, Arizona, after Allegiance Staffing announced it was opening an office in the state.
A government contract to support Wright-Patterson Air Force Base in Ohio could help create several hundred new jobs for those with tech experience.
The latest jobless figures are proof that college graduates are more likely to find a job than those without a degree.
As fewer medical school students opt to enter the lower-paying fields, the shortage of primary care physicians in the U.S. may reach 44,000 by 2025.
A counseling career can be considered recession-proof in some ways, since demand for these professionals tends to increase during times of economic difficulty.
The new Small Business Employment Index by Intuit Incorporated is showing promise for professionals with business experience on their resumes.
Recent college graduates in Florida are starting to see a healthy job market, with some from the Class of 2011 considering multiple job offers.
Job seekers thinking about nursing career may want to consider specializing in long-term care or geriatrics as demand for these professionals is expected to rise.
With a renewed focus on prosecuting financial crimes, now might be a good time to consider a career in forensic accounting.
According to a survey of Stanford students, market demand and the recruitment process were some of the main measurements of job-search success.
If you are interested in pursuing a teaching career, working as a substitute could be one way to get a feel for the business and gain some experience.
In addition to instructing students in academic subjects such as science and math, teachers are role models whose examples are often followed by their pupils.Travel Jobs to Come with Southwest Expansion
Greenville, South Carolina city officials are pleased with Southwest's decision to expand service as it will secure travel jobs for local residents.
By 2016, so-called