Tag Archives: Unemployment

Visual: U.S. Map of Unemployment by Major Metro – March 2009

Iowa is faring very well amongst the other states in the U.S. having more than one city in the lowest unemployment numbers. In March, 109 metropolitan areas reported jobless rates of at least 10.0 percent, up from 14 areas a year earlier, while 95 areas posted rates below 7.0 percent, down from 329 areas in March 2008. El Centro, Calif., recorded the highest unemployment rate, 25.1 percent. The areas with the next highest rates were Merced, Calif., 20.4 percent; Yuba City, Calif., 19.5 percent; and Elkhart-Goshen, Ind., 18.8 percent. Among the 18 areas with jobless rates of at least 15.0 percent, 12 were located in California. Houma-Bayou Cane-Thibodaux, La., and Iowa City, Iowa, registered the lowest jobless rates, 3.6 percent each in March, followed closely by Ames, Iowa, at 3.7 percent.

major-metro-unemployment-mar-2009

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Job Posting Trends by Industry March 2009

Below is the Job Posting Industry Trending chart from Indeed.com for March 2009. Indeed is an aggregator of job postings from just about every job board. This is a great chart for helping you to steer your job search and to see where industries are at in regards to hiring as a whole.

indeed-industry-trend-march-2009

Visual: U.S. Metro Unemployment Rates – January 2009

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Best and Worst Trends in Job Openings by Industry – February 2009

Indeed.com has released their February trends graph for job openings by industry. The news is bleak which is to be expected on the back of all of the layoffs that occured in February. Nonetheless it is a great tool for understanding where to point your job search.

indeed-job-trends-feb-2009

Visual: Job Openings and Turnover – January 2009

On the last business day of January, there were 3.0 million job openings in the United States, and the job openings rate was 2.2 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The job openings rate fell in January, while the hires rate (3.3 percent) and the total separations rate (3.6 percent) were essentially unchanged. The annual rate for hires, total separations, and quits decreased in 2008 while the annual layoffs and discharges rate increased.

jolts-jan-2009

It is nice to see new hires picking up although it appears to have leveled off somewhat. Unfortunately seperations continued to increase in January and I anticipate based on what we know, we will see that trend continue for February. I do believe we will begin to see a reverse in the seperations trending as we move into March. I also believe we will see an uptick on new hires in it’s trending in March as well. While the recovery still seems to be months away and the uptick’s will not be huge, progress is progress.

College Grads Face Tough Job Market in 2009

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Seniors graduating from college this year will get diplomas, but they may not get jobs. Employers expect to hire 22 percent fewer new graduates from the college class of 2009 than they hired from the class of 2008, according to a new study by the National Association of Colleges and Employers.

The latest numbers also differ significantly from the fall, when employers’ hiring projections looked flat.

“Earlier, employers indicated that they expected to keep their new college graduate hiring levels even with last year,” Marilyn Mackes, the association’s executive director, said in a statement. “Our current survey shows that college hiring is as affected by the economy as other types of hiring.”

The drop in anticipated college hiring is part of an overall slack labor market, which has worsened rapidly amid the recession.

The expected decline in new-grad hires was prompted by the deteriorating economic situation, said the association, a professional group that forecasts trends in the job market.

“More than two-thirds of employers said the economic situation forced them to re-evaluate their college hiring plans, and nearly all of those said they have decreased their planned number of hires,” Mackes said.

The projected drop is likely to mean a sharp decline in employer activity on campuses this spring as well, with 66 percent of employers responding to the survey reporting plans to lower or eliminate spring hiring.

The latest association study also ends a string of positive hiring reports for new college graduates dating back to 2004. Students graduating in the early part of the millennium experienced major drops at the hands of the dot-com bust and the terrorist attacks of September 11, 2001. Hiring decreased 36 percent for the class of 2002 but steadied for the class of 2003 before rebounding in 2004.

Employers also seem cautious about the near future. More than 46 percent said they are unsure about their hiring plans for fall 2009, and 17 percent are already reporting that they expect to trim their college hiring further.

Visual: Unemployment Rate by State in North America

unemployment-map-dec-2008

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