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February 7, 2013

Tennessean quits job after being assigned “666” for employee ID number … twice

  • 666 Is the numerical digit believed to represent the “mark of the beast” by many evangelical Christians, including Tennessee resident Walter Slonopas. Slonopas recently quit his job after tax forms revealed that his internal employee identification number was “00666.” This wasn’t the first time that the number had been assigned to Walter, who was also designated employee number “666” on his first day of work, though his employers apparently changed the designation after he complained. When asked why he didn’t simply raise the issue with his employer once more, Slonopas replied, “God is worth more than money.” source
15:55 // 1 year ago
November 1, 2012

ADP predictions surpass analysts expectations for October jobs report

  • 88,000 new jobs are expected to have been added during October according to analysts ahead of the release of the Labor Department’s October jobs report. If accurate, it would mean the economy created almost 30,000 fewer new jobs than the 114,000 added during September.
  • 158,000 jobs were added to the U.S. economy during October according to payroll processor ADP — in a report typically used by analysts to revise their own expectations ahead of the official jobs report. The firm is using a new forecasting model this month, thanks to a recent overhaul from Moody’s, which many expect to deliver far more accurate results than the faulty ones ADP has become known for in recent months. The official Labor Department October jobs report is currently scheduled to be released tomorrow. source
14:25 // 1 year ago
October 5, 2012
17:18 // 1 year ago
September 28, 2012
Number-crunchers over at the Bureau of Labor and Statistics realized today that between April 2011 and March 2012, there were 300,000 more jobs created than originally estimated.  If this upward revision is correct, President Obama is now in the green for job growth, having overseen a net gain in roughly 100,000 since taking office. This has just been an astonishingly bad week for Mitt Romney. source

Number-crunchers over at the Bureau of Labor and Statistics realized today that between April 2011 and March 2012, there were 300,000 more jobs created than originally estimated.  If this upward revision is correct, President Obama is now in the green for job growth, having overseen a net gain in roughly 100,000 since taking office. This has just been an astonishingly bad week for Mitt Romney. source

4:33 // 2 years ago
June 6, 2012

Survey: Recent high school grads having trouble finding full-time work

  • 37% of recent high school grads without a college degree had a full-time job before the recession, according to a Rutgers University study
  • 16% of recent high school grads without a college degree had a full-time job post-recession; part-time worker levels have gone down, too source

» A somewhat odd note from the article: ”In the two months since the survey was conducted, a large share of participants have had their phone numbers disconnected and could not be reached.” Now it’s possible they all got new cell phone numbers, or that they’re simply hard to track. But still, that’s not a common thing to happen in a survey.

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11:23 // 2 years ago
May 24, 2012

Employees on edge after Hewlett Packard layoffs report

  • 9,000 employees will be laid off before Halloween, according to an official statement released on Wednesday
  • 18,000 additional employees will be laid off by 2014, mostly from the Enterprise Services unit source

» So what about the remaining employees? No one is quite certain what plans CEO Meg Whitman has for the future of the company, though expectations are high considering her time as eBay’s chief executive. CareerBliss, a company with the stated goal of “helping you find happiness in the workplace”, says that employees have been less happy since Whitman became the company’s chief executive. Following reports of the layoffs, CareerBliss CEO and co-founder Heidi Golledge told Business Insider that honesty just might be the best policy. “This is a time for her and her team to be totally transparent,” said Golledge, adding, “HP employees need to be confident that the company has a future – and, just as importantly, that they have a future with it.”

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16:32 // 2 years ago
May 4, 2012
If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.2 percent.
Ezra Klein • Remarking on declining labor force participation in the US. It’s often noted that official unemployment numbers understate the real percentage of people out of work, as they only tally people actively searching for a job. One consequence of this is that when labor force participation decreases—that is, when unemployed folks just give up and stop looking for work—employment actually “increases.” That’s why only 115,000 jobs were added last month, yet unemployment decreased from 8.2% to 8.1%. Since Barack Obama took office, labor force participation has declined 2%. It’s now at 63.6% which, Klein notes, is “a level not seen since the early days of the Reagan administration.” Here’s a chart. source (viafollow)
17:56 // 2 years ago
April 19, 2012

Romney’s unfortunate choice of speech venue

  • planArguing against President Obama’s economic policies, Mitt Romney gave a speech today in a shuttered Ohio drywall plant forced to close during the economic downturn.
  • backfireThe plant in question actually closed its doors during the Bush administration. Meanwhile, unemployment in Ohio has fallen since Obama took office.  source
18:29 // 2 years ago
March 30, 2012

State-by-state, job numbers largely showing positive trends

  • 42 states had added jobs last month — the most in the past year
  • 29 states had decreases in unemployment in the past month
  • 13 states (and D.C.) stayed roughly the same with unemployment
  • eight states had increases in unemployment in the past month source

» Signs of overall improvement: Economists say that the modest growth the economy is showing is decent for now but could show much stronger results later in the year — a theory supported by the rise in consumer spending in February. Most notably, some states which were hard hit by the housing collapse are showing signs of life, including Florida (with an unemployment rate that’s fallen below 10 percent in the past year), Michigan (below 9 percent in part because of the auto industry’s rebound) and California (whose 10.9 percent unemployment is nonetheless much better than it was a year ago). Think the trend will keep ticking upward?

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15:57 // 2 years ago
March 23, 2012
11:35 // 2 years ago