Given the state of the economy over the past couple of years, you'd think employers would be more understanding about gaps in a potential hire's CV. But even a prolonged recession can't change human nature, and no matter how unfair it is, hiring managers tend to pursue employed candidates more ardently than folks with long stints of unemployment.
Increasingly, getting laid off (or worse, fired) seems to be part of life. You'd be hard-pressed to find anyone among your acquaintance who hasn't, at some point, found themselves unexpectedly unemployed. Still, better to have a plan of attack than to rely on "misery loves company."
The ADP National Employment Report is out for November, and the news is rosy: the economy added 215,000 private-sector jobs from October to November -- more than the 170,000 jobs predicted by economists.
Younger workers have a famously high unemployment rate. Last month, workers aged 20 to 24 had a 12.5 percent unemployment rate, while those aged 25 to 34 had an unemployment rate of 7.3 percent -- the national average for October. Workers aged 55 and over, though, had an unemployment rate of only 5.4 percent. What gives?
The economy added 204,000 jobs during the month of October, according to the Bureau of Labor Statistics, and unemployment increased slightly to 7.3 percent, compared to 7.2 percent for September. However, due to the government shutdown, there's some question as to whether that information is both accurate and significant.
Yesterday, Starbucks announced a plan to develop a hiring program for veterans and military spouses.
Most of the big news in our Generations at Work data package is about Baby Boomers and Millennials. The former can't retire; the latter can't start their careers. But what about Gen Xers, the erstwhile slackers and marginally employed baristas of every workplace trend article of the '90s?
A third of Americans consider themselves lower class, according to Pew research, compared with a quarter before the recession. The reason? The decline of mid-skilled, mid-wage jobs.
Millennials are more likely to have to move back home with their parents after starting their careers than previous generations. Almost 28 percent of Gen Y workers have been forced to move in with their folks, due to financial hardship, according to data gathered for PayScale's Generations at Work study.
Just 10 companies are responsible for 20 percent of planned cuts for 2013, according to data from Challenger, Gray & Christmas, as reported by MSN.
Thanks! We'll send you a welcome newsletter as soon as we can.
In the meantime, check out our research center.
Looks like your email already exists in our database.
Please log in here.
You are already logged in.