High Unemployment Rates Could Continue for Years to Come - Careers Articles

unemployment ratesIn a sobering moment at Wednesday's Congressional testimony, Ben Bernanke stated that the U.S.'s economic outlook was "unusually uncertain." Following the passing of an unemployment benefits extension for workers who have expired their initial 26 weeks of benefits, but haven't used up the 99-week total extension, Bernanke's comments sent stocks shooting down on Wednesday and increased many's fear that the economic job situation won't be improving any time soon.

Even with the numbers from the June Jobs Report - in which President Obama reported that 600,000 private sector jobs had been added to the economy, as opposed to the 3.7 million jobs that were lost last year - showing an increase, many are realizing how tough the road to recovery will be.

Bernanke went on to say that "This is the worst labor market, the worst episode, since the Great Depression. Not only for the sake of the unemployed and for the short-term strength of the economy but also for a long-term viability in international competitiveness, I think we need to be very seriously concerned."

Economists state that a healthy economy typically holds a 5% unemployment rate. With a current employment rate at 9.3%*, Bernanke speculated that the unemployment rate will hold strong at around 7% or higher until 2012. With around half of unemployed U.S. workers being long-term jobless (over six months of unemployment), that percentage will likely rise exponentially if Bernanke's thoughts are correct and the country does suffer from an extended bout of increased unemployment.

*Unemployment rate as of today

Posted via email from AndyWergedal

Light A Bonfire This Week In Your Job Search

job search, bonfire, psychology, career, confidence, interview, momentum

There’s something about a big bonfire that gets us going.  That stirs something in us.

Do you remember big bonfire moments in your life?

  1. A high school or college rally the night before the big football game.
  2. A beach party celebrating the end of summer
  3. The closing event for a sleepover camp up in the mountains

Bonfires stimulate in so many ways that they can’t help but stoke your senses.  And give you a powerful feeling of being in the moment.

the searing heat: no matter how close you sit, you can feel it like small pins on your cheeks

the bright glare: big and growing flames that drink up the oxygen

the exploding sounds: loud pops and crackles as embers snap

And in job search it seems like you need to light a fire.  To clear your mind.  To energize your body and to drive purposeful action.

But it can be especially helpful when you are heading into an important week.  An interview with a target company.  To focus your attention.  And to prepare your mind.

The problem is that some weeks it is hard to get the fire started.  You are often kneeling in the sand, knees being scraped by the rock and debris. Rubbing two sticks together and not getting any heat.  Not even a wisp of smoke on which to blow to flame.

But you have to keep trying.

Because if you start your week the way you always do – sitting at the computer – you are likely to end up the same way at the end of the week.

Sitting at the computer wondering where all the job leads are.  And wondering why no one has called you back.

So how do you kick off your week off in a big way?  With confidence?  And with a purpose?

Well, you light a big fire, of course.  Here’s how:

1. Get your kindling together – You need the right wood to create a good fire.  A dry wood that burns hot and big.  In job search, what creates a good fire is the right marketing tools.  Examples include a strong resume and cover letter, elevator pitch, networking bio and business cards.  Need some new ideas? You can find your kindling all in one place via these free downloads for job seekers.

3.  Invite a crowd – You can’t have a great bonfire without a crowd.  And if you haven’t created a network that cares, you have some work to do.  To keep yourself top of mind.  And once you have, you need to invite them to the party.  Send out a note this week to your network.  Reminding them that you are still out here.  That you need their help.  And make sure they are reminded of your specific job search objectives.

4.  Generate oxygen – You do this every week in the way that you network – by helping others.  By connecting people.  And by physically getting out of the house where people can find you.  And where your candidacy for new jobs can take in a big deep breath.

4.  Light a match – What ignites the kindling is your mindset.  A belief in yourself and in the knowledge that you can do great things.  Because if you can’t back up your materials with confidence, your materials will fall flat.  A great resume gets the phone interview.  But a lack of confidence or an inability to tell your great story simply gets you the door.

5. Keep it going – Like any good flame, this one needs to be fed.  With strong thank you notes to your network.  With follow-ups (things you promised to do for others).  With updates and improvements to your marketing materials.  And by adding new contacts every week to your list.

Well, what are you waiting for?  This fire won’t light itself, right?

Posted via email from AndyWergedal

Real World Advice for Undergraduates In Job Search | Brand-Yourself.com Blog

There’s been a great deal of change in my life lately. Two months since my college graduation and seven weeks into my first career job, I have had to adjust from a life of classes, part-time work and my closest friends living near me. Nowadays, the routine consists of commuting twenty hours a week and trying to navigate the largest city in America.

Change is always difficult and dealing with it can, at times, be overwhelming. Below are 10 approaches I have taken to become more proficient at work while helping myself adjust to this new life.

  1. Commit yourself fully to your job. Remove yourself from student organization listservs and anything else that reminds you of college. Don’t look back, look forward and focus on what’s in the present and what lies ahead for the future. Nothing saps your focus and energy more than harkening back to the good old days of playing catch on the quad. Dedicate all your energies and focus into the task at hand.
  2. If you’re able to, take an easy second semester your senior year and dedicate the majority of your time job hunting and networking. Build relationships with those in your industry and free up your schedule to take impromptu informational interviews.
  3. Always have a side project, whether that be networking while at work, researching a new topic or learning a new skill. You will have a ton of down time as an entry level employee, use it!
  4. Understand that what you are doing isn’t forever. Look vertically and laterally within your company and look outside your company at what your peers and their bosses are doing. Never stop learning about your industry and those working within it.
  5. Take a lunch break. Most at my office take lunch at their desk—use this time to recharge. Don’t fall victim to a routine of remaining glued to your desk chair for 8-9 hours a day, five days a week. This isn’t healthy and frankly is counterproductive.
  6. Find ways to utilize your best skills. Be creative and suggest projects to your boss that fit your skill set. Seek to impress by thinking outside the box, you’ll accomplish more and feel more satisfied at work.
  7. Speak up during meetings. You are new and most of your superiors are more knowledgeable in their position than you are but that doesn’t mean you can’t contribute. It’s better to ask questions and be intuitive than to sit back meekly and take notes.
  8. Networking does not end when you find a job. Continue to maintain the relationships you forged in college and use your company and others around you to build more connections across other companies and industries. Each week I make it a point to click a random floor on the elevator and walk around another department and strike up conversations about what that department does. At the end of the day, the quality of your work will get you far, but the quality of your relationships combined with the quality of your work will get you even farther.
  9. Understand how people in your value chain make money. Understand if your boss makes a base salary with commission for every sales target he/she hits, or if his/her salary is lower with more incentives built in. Also know how your company is structured, who owns it and in general, the current state of your industry.
  10. Do not spend more than 30% of your salary on rent. Too many recent graduates see their first paycheck and jump at the opportunity to live in a big city and experience all the excitement that comes along with living in a city. Be prudent with your money and recognize that rent is an empty investment and something that adds zero value to your personal equity.

These are just some of the methods I have implemented to improve my productivity and sense of accomplishment at the end of each day. What steps did you take early in your career to help facilitate your transition from college to the working world?

Jim Armstrong is a recent graduate of Syracuse University’s S.I. Newhouse School of Public Communications.  He now works for New York City-based advertising firm Ogilvy & Mather as an assistant search planner.

Posted via email from AndyWergedal

Helping Others Succeed | EmploymentDigest.net

I create resumes all the time and the most satisfaction I get is when clients are the happiest with my work. My process is to understand what clients are looking for and it starts with critiquing their resume. I look at each resume differently; no resume comes to me the same. I appreciate when my clients rely on my expertise to guide them through the process. When creating resumes, I never know how I am going to create it. I just know that it is going to have a positive outcome. The more challenging the resume, the more I challenge my skills and push my creativity.

I love speaking with clients and helping them get a better understanding with the resume process. Once they understand this process and allow me to create what they envision, then it starts getting fun. I come across a lot of resumes that are missing key elements to help clients succeed. It is like a puzzle and it is my job to make sure that everything fits and comes together to make it functional.

Sometimes clients don’t understand that they are selling their skills and expertise to companies. What this means is employers are looking for who can better accommodate the needs for the company. Clients need to know that they are the brand and they are selling their experience.

I appreciate my clients because they appreciate and respect what I do as a Resume Advisor. I give 15 years experience and in return my clients give me trust, respect, and the overwhelming satisfaction that I get when I am able to help another individual.

Posted via email from AndyWergedal

Free E-Book Offered to Young Job-Seekers - The Career Doctor Blog

During the past couple months, the folks at Brazen Careerist have been compiling an eBook designed to help young job-seekers overcome the hurdles of finding mentors. The chapters in this book come from some of the top human-resource bloggers on the web — big thinkers and do-ers and people whom the folks at Brazen look to for trends in hiring.

WhatIKnowBook.png

Some topics these leaders cover include …

Marketing Yourself Based on the Value You Will Bring

Your value proposition has to be out there, consistent and recognizable to all that see or hear about it. If your mom, spouse, best friend and dog can’t explain what you can do in 20 seconds, go back to the drawing board to figure out how to better communicate your employment value. ~ Lance Haun, Rehaul.com

How to Build the Relationships that Matter

You don’t have to attend stuffy association meetings to network. Some of the best conversations I’ve had were with people at social events or just hanging out with other professionals. When people are relaxed, they’re willing to share. You don’t become another face in the crowd. Relationships start to form. ~ Sharlyn Lauby, HR Bartender

Why a Job is NOT What Ultimately Will Make You Happy

Unfortunately, the trick to getting a job is actually surviving the job search and realizing that it’s just a job. If your life lacks meaning, a cubicle and a tacky ‘business casual’ wardrobe from the local mall won’t add depth and value to your
life. ~ Laurie Ruettimann, Punk Rock HR

Click here to download your free copy of What I Know About Getting a Job.

Posted via email from AndyWergedal

Asian Men Earn the Most and Other Interesting Salary Facts - Careers Articles | jobs.aol.com

salaryThe median weekly wage of the nation's 99.8 million full-time workers was $744 in the second quarter of 2010 seasonally adjusted), according to the latest numbers released by the U.S. Bureau of Labor Statistics. This was 0.8 percent higher than a year earlier, but down $4 from the previous quarter's average of $748. And yes, Asians still make more than other races, and men are still making up to 17 percent more than women.

Here are five other interesting facts about the disparity in weekly earnings between races, genders, age and educational levels in America:


1. Overall, Asian men still earn most:

Asians averaged $873 per week in the second quarter of 2008, with Asian men averaging $901 per week and Asian women earning $854. Next came Whites or Caucasians, at $756. African Americans followed, at $607, and Hispanics or Latinos again earned least, averaging $529 per week. In comparison, median earnings for black men working at full-time jobs were $632 per week, 75.4 percent of the median for white men, $838. The difference was less among women, as black women's median earnings ($585) were 85.8 percent of those for white women ($682).


2. Male vs. female among the races:

The biggest difference between the wages women earn and the wages men earn was among whites, with white females earning 81.4 percent of what their male counterparts make. Black females earn 92.6 percent of what their male counterparts earn, and Hispanic and Asian women each make 94.8 percent of what their men bring home.


3. Older men earn the most, but women ages 35-64 earn about the same amount:

Among men, those ages 45 to 54 and ages 55 to 64 had the highest median weekly earnings, $948 and $953, respectively. Usual weekly earnings were highest for women from age 35 to 64; median weekly earnings were $731 for women ages 35 to 44 and age 45 to 54, essentially the same as the $730 median for women ages 55 to 64.


4. Managers and professionals still earn the most:

Among the major occupational groups, people employed full-time in management, professional, and related occupations had the highest median weekly earnings -- $1,229 for men and $920 for women. People employed in natural resources, construction, and maintenance occupations came in second, averaging $712 per week. Those in sales and office occupations averaged $623, and those employed in production, transportation, and material moving occupations averaged $612. People employed in service jobs earned the least -- averaging $486 per week.


5. The more education you have, the more you earn, but it helps if you're a man:

Among college graduates with advanced degrees (professional or master's degree and above), the highest earning 10 percent of male workers made $3,297 or more per week, compared with $2,178 or more for their female counterparts. When it comes to other degrees of education, full-time workers ages 25 and older without a high-school diploma had median weekly earnings of $440, compared with $629 for high-school graduates (no college) and $1,138 for those holding at least a bachelor's degree.

So at present here in the United States, the well-educated Asian male seems to be at the top of the economic totem pole, while the least-educated Latina female seems to be at the bottom. Remember, these are median incomes, however. Asians represent the smallest segment of the American population of the races mentioned, at 4.4 percent. African Americans make up 12.4 percent of the population and Latinos represent 15.4 percent. Whites represent the largest segment of the American population, at 65.4 percent.

Posted via email from AndyWergedal

One Way to Follow Up If You've Heard Nothing After Submitting Resume - The Career Doctor Blog

Peggy writes:

I submitted a resume and cover letter in response to a job vacancy 2.5 weeks ago but have heard nothing from the employer so far. What should my next follow-up step be?



The Career Doctor responds:

Jimmy Sweeney, president of CareerJimmy and author of the www.Amazing-Cover-Letters.com advises sending an e-mail (as one option) to follow up if you haven’t heard from an employer within 10 days of applying with a resume and cover letter. Says Sweeney: “Professionals … often prefer e-mail for quick messages. Use this effective means to your advantage. Follow up your original cover letter with an e-mail reminder.”

Here’s the sample wording Sweeney suggests:

Dear Mr./Ms. Jones:
On June 23, I submitted a cover letter and resume to apply for the position of general accounts executive at Capricorn Enterprises, Inc. I appreciate the fact that you have many applications to read. However, I am committed to showing you that I am well qualified to fill this opening. Would you have 30 minutes available for an interview this week or next? You choose the date and time, and I’ll be there prepared to talk and listen. Thank you for taking the time to read my request. I look forward to hearing from you and meeting you in person.
Joe Job Seeker
joejobseeker@xyz.com

Posted via email from AndyWergedal