Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers, compiled by the staff of Quintessential Careers.
|November 22, 2008|
U.S. President-Elect Obama aims at saving and/or creating at least 2.5 million jobs with bold stimulus plan.
The proactive two-year stimulus plan, which he discussed in his weekly radio address, will be a comprehensive effort to increase employment while addressing other serious problems in the country.
“If we don’t act swiftly and boldly, most experts now believe that we could lose millions of jobs next year,” Obama said. “[Our plan] will be a two-year, nationwide effort to jump-start job creation in America and lay the foundation for a strong and growing economy,” Obama said.
“We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels; fuel-efficient cars and the alternative energy technologies that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead,” Obama added. (Watch the entire address here.)
The news could not come at a better time, as people seeking first-time unemployment benefits jumped to 542,000 — the highest level in 16 years; continuing claims for unemployment benefits were 4.012 million — the highest level since December 1982. Furthermore, more companies are announcing layoffs (none bigger than Citigroup, which not even survive its recent nosedive), and the Big Three domestic automakers face possible bankruptcy — which could cause a massive domino effect of job losses — without some sort of government bailout.
Job losses in November, which will not be announced for until the first week in December, are now expected to reach another 200,000, as 2008 looms as one of the worst years on record for workers and job-seekers.
|November 17, 2008|
The number of Americans filing new claims for unemployment insurance surges past 500,000, and hits highest levels since 2001.
The U.S. Labor Department announced that initial filings for jobless benefits hit 516,000 for the week ending November 8th — the highest total since the week that ended September 29, 2001. Last year, the number was at 338,000.
Furthermore, the number of people continuing to collect unemployment insurance for one week or more jumped by 65,000 to 3.9 million, 1.3 million higher than the same period last year, and the highest level since January 1983.
|November 10, 2008|
November announcements of job cuts — and potential job cuts — could make it one of the worst months on record.
With the latest announcement that DHL will be ceasing operations in the U.S. and eliminating 9,500 jobs (mostly in Ohio), November has started on a very negative note in terms of job security. Sadly, DHL had already cut 5,400 jobs earlier this year.
Circuit City, which filed for bankruptcy protection, also announced plans to cut more than 7,000 jobs — and most likely more cuts will be forthcoming.
Many experts expect other retailers to fall in the next few months, as a dismal holiday season pushes some of them to end operations.
Furthermore, other companies have announced job cuts in the past 10 days, including Mattel (approximately 1,000 jobs), Fidelity Investments (1,300 jobs), GlaxoSmithKline (1,000 jobs), La-Z-Boy (850 jobs), and the Hartford (500 jobs).
While it is certainly not time to panic, it is time to shore up your job and your marketability if you still have a job — and to intensify your job-search efforts if you are unemployed (or expect to be soon).
|November 7, 2008|
Almost 1.2 million jobs have been cut in the U.S. so far in 2008, with unemployment rate spiking to a 14-year high in October.
The Labor Department reported that employers — as expected — cut 240,000 jobs in October, marking the 10th consecutive month of job losses.
With the job losses, the unemployment rate increased to 6.5 percent (higher than the predicted 6.3 percent), up from 6.1 percent last month — and the highest level since 1994.
Even worse, the Labor Department revised figures for September and August — with job losses much greater than originally reported. In September, 284,000 jobs were cut (well above the reported 159,000), while in August, employers cut 127,000 jobs (compared to the 73,000 originally reported).
In just the past three months, more than half a million jobs have been lost as employers continue to cut back.
Experts are mixed on whether job losses will continue to accelerate to levels not seen since the 1980s or whether the largest losses are occurring now and future losses will continue, but at a slower rate.
Job losses continued the same pattern, with manufacturing losing 90,000 jobs, construction losing 49,000, retail losing 38,000 jobs, professional and business services losing 45,000 jobs, financial services losing 24,000 jobs, and leisure and hospitality losing 16,000 jobs.
The only winners — industries with job gains — included the government, education, and healthcare.
|November 5, 2008|
It’s been a historical week for the U.S., and all the more reason to keep at your job-search.
This year’s inaugural Job Action Day was a huge success — and we expect it to be even bigger and better next year!
But don’t let the momentum stop! If you heeded the advice and took action on your career this past Monday, make a point to keep at it until you find a new job that is right for you — or until you further secure your current job.
With that advice in mind, here are some suggestions for both job-seekers and workers.
|November 3, 2008|
Job Action Day is today! Do at least one thing today to strengthen your career or protect your job in this weak economy.
We have several new resources and articles, as published in QuintZine, and more than 15 expert career and job-search bloggers — all with the goal of inspiring and empowering you to do at least one thing today for your career.
With the ever increasing importance of having a strong reputation, our suggestion is for you to take one step today to improve your personal brand. There are all sorts of activities you can do — from joining LinkedIn or some other business networking Website, to brainstorming an article to write for your industry trade magazine or Website, to researching opportunities for additional training or a new certification, to becoming an expert on a social bookmarking site such as Squidoo.
Building your personal career brand — building your reputation — will help strengthen your standing in your current job and make you more marketable for your next job.
Learn more in this section of Quintessential Careers: Personal Branding & Career Self-Marketing Tools.
And don’t forget to review all our new content and all the greater bloggers contributing to Job Action Day 2008!
|The Career and Job-Hunting Blog|
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|Other Career/Job-Hunting Blogs|
- Quintessential Resume & Cover Letter Tips Blog, a blog from another part of the QuintCareers Network, with new resume and cover letter tips daily. A must-see for any active job-seeker.
- The Career Doctor Blog, a blog from another part of the QuintCareers Network, where each day our own Career Doctor Randall Hansen answers one career, job, college, or workplace question.
- Job Stuff, A Blog for Your Career, from Stephen Harris. Stephen’s blog is a great resource for those job-seekers who find yourselves in transition, searching for guidance and reassurance.
- The Occupational Adventure Blog, from Curt Rosengren, a Passion Catalyst. Curt’s blog is great for finding encouraging ideas (and resources) for moving forward with your career… a career that lights your fire.
- Blue Sky Resumes Blog, from career expert Louise Fletcher, a general career and job-search blog that covers all aspects of the job-hunt.
- Career Transition Discussion, a blog that deals with the issue of mid-career change… for job-seekers 40+.
- LifeWork Design — a conversation about topics related to career counseling and coaching.
And for our entire list of favorites, go here: Career-Related Blogs for Job-Seekers.
|Quintessential Career and Job Resources|
Other topical resources for job-seekers:
- QuintZine: A Career and Job-Hunting Newsletter
- Q-Tips: Quick and Quintessential Career & Job Tips
- Q&A with Career & College Experts
- The Career Doctor Career Advice Column
- College, Career, and Job-Related Articles
- Career and Job-Related Tutorials
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Read Publisher Dr. Randall Hansen’s Technorati Profile