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Thursday, September 02, 2010
Employers responding to a recent survey said they planned to hire 13.5 percent more new college graduates from the Class of 2011 than they did from the Class of 2010.
According to the National Association of Colleges and Employers, which conducted the survey in July and August and released preliminary findings today. But the survey found that only 48 percent of employers actually expected to increase their hiring; 40 percent said they expected level hiring, and 12 percent predicted a drop in hiring.Read Full Article
posted in: Blogging, EmployerNews, News
Thursday, September 02, 2010
Career counselors everywhere are fielding this question: Should I go to graduate school to wait out the economy and re-enter the job market with stronger credentials?
With an unemployment rate of 9.7 percent nationally, and 9.2 percent in Massachusetts, many people, particularly recent college graduates, are considering this as a viable option.
The Class of 2010 is facing the highest unemployment rate since the early 1980s, as well as stiff competition from a significant pool of young professionals who have been laid off. For newly minted graduates, the fear of long-term unemployment makes the familiar comfort of academia a strong temptation.
Graduate school is a serious and expensive endeavor. It should not be chosen hastily, and should be based on thoughtful consideration.
It is a common misperception that having an advanced degree can inherently increase salaries as well as open more doors in the future. Depending on the degree, this may or may not be true.
Employers today are looking for a portfolio of marketable skills in addition to a solid education. They want to know that new employees will add value to their organizations from day one. A degree, whether undergraduate or graduate, is not a single indicator of success in the workplace. In fact, an advanced degree can be detrimental if the academics haven’t been balanced by some meaningful work experience.
In general, there are three reasons to pursue further education when looking for career development.
* The first reason is to enter a particular profession. To become a doctor or a lawyer, for example, will require multiple years of dedicated education, as well as practical training, to enter the profession. Likewise, a psychologist will have to complete an extensive doctorate program before having significant patient contact.
* A second reason is to further advance a career. Although many careers can be successful with only an undergraduate degree, a graduate degree can open up new career options and consequent salary opportunities.
For example, a bachelor’s degree can help someone obtain an elementary or high school teaching position. However, to increase their salaries, many teachers pursue a graduate degree in education. In fact, some school systems require a graduate degree in order to be considered for tenure. In the private sector, a master’s in business administration can enable the network engineer or finance manager to join upper management in their respective industries.
Be aware that some fields, such as nursing and general business roles, recommend and expect some work experience before going back to school.
* Finally, making a career change may necessitate a graduate degree. The science teacher who wants to be a nutritionist will most likely need to obtain a master’s degree. Likewise, the actuary who chooses to teach college level math would need a doctorate.
The first step in determining if graduate school is the best option is to establish clearly defined career goals which take into account one’s skills, interests and work values. Once aware of your skills and interests, the next step is to research various roles through online research or informational interviews. This research can detail the key tasks and responsibilities of various jobs, the work environment, and the skills and experience required.
If, after conducting extensive research, graduate school is required to achieve the career goals, then it is prudent to pursue a graduate degree. For example, a person with strong research and analytical skills who is less confident with his or her interpersonal skills probably isn’t best suited for a customer-facing role in sales or client services. However, he or she could be successful in a consulting role. Positions at larger consulting firms typically require two to three years of work experience and a graduate degree will be required to advance within the industry. In this situation, one may want to consider developing a strong track record of work experience before applying to graduate programs.
In addition to career goals, there are other important things to consider before applying to a graduate program.
The first is cost. Graduate school is expensive and many people take out loans to finance the degree. Whether or not you will be able to live with that debt is a personal choice. A visit to a financial planner or the financial aid office at the schools you are considering is beneficial. Keep in mind that many large companies will finance all or part of a master’s degree for employees, so for those who are already working, it might make sense to wait.
Next, it is critical to make sure you have the academic and personal qualities to succeed. Generally, it is expected that students maintain at least a 3.0 grade point average during graduate school. Juggling tasks, projects and papers demand excellent time management and organizational skills. Graduate school requires a higher level of commitment than undergraduate school. Students must enjoy reading, writing and analyzing information. Speaking with professors and other graduate students can be an effective reality check.
Graduate school can be a very useful tool when entering a profession or continuing to develop a career but nothing replaces a solid career plan to make the best use of this opportunity.Read Full Article
posted in: Blogging, EmployerNews, News
Monday, August 30, 2010
The White House says the multiyear $814 billion stimulus program passed by Congress in 2009 boosted employment by 2.5 million to 3.6 million jobs.
Amid mounting signs that the economic recovery is faltering, one potential remedy seems out of the question: a booster shot of government spending.
The White House says the multiyear $814 billion stimulus program passed by Congress in 2009 boosted employment by 2.5 million to 3.6 million jobs and raised the nation’s annual economic output by almost $400 billion. A recent study by two prominent economists generally agrees, crediting the pump-priming with averting “what could have been called Great Depression 2.0.”
If President Obama expected anyone to say, “Thank you,” however, he’s been disappointed. In a recent USA TODAY/Gallup Poll, 59% of respondents disapproved of the president’s handling of the economy. In the partisan war over the economy’s performance, the word “stimulus” has became synonymous with “boondoggle,” making the notion of a repeat any time soon highly unlikely — especially if Republicans seize control of one or both houses of Congress in November.
MORE FED ACTION?:Could depend on economic reports this week
ECONOMIST SURVEY: Backs Fed, growth over deficit reduction
INFOMOTION GRAPHIC: A historical look at the national debt
INTERACTIVE GRAPHIC: Getting a grip on government debt
“We have played our policy hand. Now we’ve got to hope it’s good enough,” said Mark Zandi, chief economist for Moody’s Analytics and co-author of the recent study.
Controversy has dogged the stimulus program since its debut. Formally known as the American Recovery and Reinvestment Plan, the spending effort was designed to fill the hole in the economy left after the housing and credit bubbles imploded. The program was proposed by the president and enacted by Congress at the depths of the post-Lehman-Bros. financial collapse, when the economy was shrinking at an annual rate of 6% and losing 750,000 jobs a month.
Politically, the “Recovery Act” — which is divided among tax cuts, financial aid for cash-strapped state governments, emergency unemployment assistance and spending on roads, bridges and other infrastructure — has taken fire from the left and the right.
Liberal economists such as New York Times columnist Paul Krugman complained that the massive program should have been larger and was marred by the inclusion of excessive tax cuts that would have a less-immediate impact on job creation. Republicans derided the legislation as wasteful spending that would add to ballooning government debt.
Eighteen months later, the consensus among economists is that the stimulus worked in staving off a rerun of the 1930s. But the spending’s impact was dwarfed by other crisis-fighting tools deployed by the Bush and Obama administrations, including costly efforts to stabilize crippled banks and the Fed’s unconventional monetary policy.
“I think it was important for confidence. ... But fiscal stimulus was the least important of the three planks of the government’s strategy,” said Harvard University’s Kenneth Rogoff, former chief economist of the International Monetary Fund.
Counting jobs
Christina Romer, the outgoing head of the president’s Council of Economic Advisers, never really recovered politically from her January 2009 forecast that the stimulus would keep the unemployment rate below 8%. In fact, by the time Obama signed the Recovery Act into law on Feb. 17, 2009, it already had breached that level. (The original administration forecast was prepared using data from late 2008 before the already-wounded economy deteriorated even more dramatically.) The unemployment rate hit 10.1% in October 2009 and stands at 9.5% today.
Republican leaders such as Rep. Eric Cantor of Virginia say that proves the stimulus a failure. But Romer last month told the Joint Economic Committee that the stimulus “helped to turn the economy from free fall to recovery.”
It’s no surprise that the administration would proclaim its own policies a success. But its verdict is backed by economists at Goldman Sachs, IHS Global Insight, JPMorgan Chase and Macroeconomic Advisers, who say the stimulus boosted gross domestic product by 2.1% to 2.7%.
It’s impossible to determine precisely how many jobs or how much growth the stimulus program caused. In a nearly $14 trillion economy, economists can’t go employer to employer counting new hires. And there are too many moving parts to confidently link any single factor with individual hiring decisions. Roughly one-third of the stimulus, for example, came in the form of tax cuts, which are designed to boost demand for a wide array of products and eventually result in related hiring.
But to estimate the answers to such questions, economists rely on models based on historical relationships between various policies and real-world results. Earlier this month, Zandi and co-author Alan Blinder, former vice chairman of the Federal Reserve, released the most detailed assessment of the government’s efforts to combat the so-called Great Recession. Neither economist is regarded as a partisan firebrand. Zandi, for example, backed John McCain in the 2008 presidential campaign and has advised members of both parties.
Their conclusion: The fiscal stimulus created 2.7 million jobs and added $460 billion to gross domestic product. Unemployment would be 11% today if the stimulus hadn’t been passed and 16.5% if neither the fiscal stimulus nor the banks’ rescue had been enacted, according to Zandi and Blinder. “It’s pretty hard to deny that it had a measurable impact,” Zandi said.
As of Aug. 13, almost 64% of the program’s original $787 billion had been spent. (The Congressional Budget Office, which is among those concluding that the program had a broadly positive economic result, currently projects the Recovery Act’s total cost to be $814 billion. Including an earlier Bush administration tax rebate and some unrelated programs, total stimulus spending will reach about $1 trillion over several years.)
Stimulus outlays first topped $100 billion in the third quarter of 2009, which is when the economy resumed growing after the recession that started in 2007. Likewise, personal consumption spending began to increase in the third quarter after four consecutive quarterly declines. To Zandi, those facts buttress his model’s conclusion that the program resuscitated a moribund economy.
Not everyone is convinced. “I can’t find in my analysis that the 2009 stimulus package had much effect at all,” says economist John Taylor of Stanford University.
Taylor, who served as undersecretary of the Treasury under former president George W. Bush, says the recovery that began last year stemmed from a pickup in business investment unrelated to government spending. He dismissed the Zandi-Blinder conclusions as divorced from what is actually occurring in the economy and reflecting built-in assumptions about the impact of government spending.
At issue is the so-called multiplier effect of government spending. Economists such as Taylor who are skeptical of government’s pump-priming role argue that for every additional $1 of government spending, GDP increases by less than $1. Those whose models back the stimulus generally assume that $1 in government spending adds more than $1 to total output via the multiplier effect. “If you crank up government spending, it will create jobs,” says Sung Won Sohn, an economist at California State University.
The actual multiplier changes depending upon the condition of the economy. Over the course of the business cycle, the average multiplier is less than 1, Zandi acknowledged. If unemployment is low and the government borrows money for stimulus projects — thus crowding out some private companies seeking to borrow money — the net result can be muted. But with unemployment high and the government able to borrow money for 10 years at historically low 2.5% rates, Uncle Sam’s borrowing doesn’t come at the expense of the private sector and the stimulus is a bigger net positive, he says.
“Ultimately, people have to use their judgment here,” says Taylor. “There’s a difficulty of knowing what would have happened otherwise.”
Facing congressional elections in less than 90 days, administration officials say they know what would have happened: The ailing economy would be in worse shape if not for the stimulus. But even some of those directly benefiting from the stimulus remain dissatisfied amid the economy’s myriad woes.
When the president conducted an Aug. 18 town hall meeting in Columbus, Ohio, one questioner said he worked for a company that the stimulus funds were helping.
“It’s keeping me and my crews afloat for a while. But what we really need is a stronger housing market here in Columbus. We need to be building new roads and making houses affordable for people. They need to get out there buying. They need to be able to get the loans. And what’s up with that?” the unidentified man asked, according to a White House transcript.
Lack of appetite
The economy expanded for four consecutive quarters after the stimulus spending accelerated. But in recent weeks, in the aftermath of the European debt crisis, what once had seemed like steady if modest growth has noticeably weakened. In the week ended Aug. 14, new jobless claims breached the 500,000 barrier for the first time since November. They fell the following week to 473,000, but the four-week moving average remains at the highest level in nine months. Meanwhile, sales of existing homes in July fell 27% from the previous month, reaching their lowest level in 15 years, and durable goods orders disappointed.
“The recovery in the U.S. appears to have come to a complete halt,” says John Higgins of Capital Economics.
Among investors, fears of a second recession or “double dip” are rising as stimulus spending gradually tapers off. Some analysts such as David Rosenberg of Gluskin Sheff in Toronto say that the first downturn, which began in December 2007, never really ended. “This is a depression, and not just some garden-variety recession,” he wrote clients.
The administration has proposed some modest additional spending measures, such as a plan to aid small business that is stalled in Congress. With about one-third of the original stimulus money yet to be spent, and rising political angst over the public debt, there are no plans for a major new initiative. If the economy requires any additional impetus, it will likely come from the Federal Reserve, where Chairman Ben Bernanke has signaled a willingness to expand unconventional efforts to increase the money supply.
Small-scale efforts to support demand are warranted, Zandi says. But as the economy struggles to work off the excess debt clogging household and bank balance sheets, time may be the most important salve. “Policymakers should remain aggressive,” he said. “But I don’t think there’s any political appetite for a big stimulus plan.”Read Full Article
posted in: Blogging, EmployerNews, News
Monday, August 30, 2010
President Barack Obama said his economic advisers will examine “additional measures” to promote hiring and growth and urged Senate Republicans to drop their “blockade” of a measure to help small businesses.
Obama called for congressional passage of initiatives he’s already outlined, including extending tax cuts for middle-income Americans and a package of tax incentives and lending aid for small business. He didn’t specify what new steps the government may take beyond expanding clean energy projects and spending for infrastructure repair, which he and other members of the administration have talked about in the past.
“My economic team is hard at work in identifying additional measures that could make a difference in both promoting growth and hiring in the short term and increasing our economy’s competitiveness in the long term,” Obama said at the White House after a meeting with his advisers. He said there is no “silver bullet” that will undo the damage caused by the recession.
With control of Congress at stake in midterm elections two months away, the administration is confronting sluggish economic growth, continued high unemployment and a depressed housing market. With voter unease about the economy increasing, Obama has said there is no quick fix.
Small Business Help
He again urged Republicans in the Senate to stop blocking the administration’s small-business plan.
“The small-business owners and the communities that rely on them, they don’t have time for political games,” he said. “Holding this bill hostage is directly detrimental to our economic growth.”
Republicans are focusing on the economy in their campaigns, with much of their criticism directed at the $814 billion stimulus measure Obama pushed through Congress last year. House minority leader John Boehner of Ohio is among the Republicans who say the stimulus has failed and argue that Obama’s policies should be rolled back.
In the face of continued Republican opposition, Obama is keeping up pressure on lawmakers to approve the small businesses measure. The legislation, already passed by the House, would provide $12 billion in tax breaks, ease terms for loans guaranteed by the Small Business Administration and create a $30 billion fund to help community banks extend credit.
The Senate is scheduled to take a vote on the measure after it returns from its summer recess on Sept. 13.
Tax Cuts
Obama also wants Congress to extend the 2001 and 2003 tax cuts for families earning up to $250,000 a year, while letting them expire for those who earning more.
Obama met this morning with his economic team, including Treasury Secretary Timothy Geithner, Larry Summers, head of the National Economic Council, and his chief economist, Christina Romer, who is departing Sept. 3.
With Congress likely to be deadlocked over tax and spending measures before the election, Obama’s options may be limited.
To help stabilize a weak housing market, Housing Secretary Shaun Donovan said yesterday the administration plans to announce in the next few weeks plans for an emergency loan program for the unemployed to avert default, and a government mortgage refinancing effort to lower monthly mortgage payments to avoid foreclosures.
Fed Action
Federal Reserve Chairman Ben S. Bernanke said last week that the central bank has the tools to prevent the economy from slipping back into a recession, while stopping short of indicating an immediate need for more stimulus.
In a speech Aug. 27 to central bankers and economists at the Fed’s annual conference in Jackson Hole, Wyoming, Bernanke detailed choices that include renewed large-scale securities purchases.
Polls show the public is increasingly skeptical of Obama’s performance. Public approval for the president’s handling of the economy was at 41 percent in an Aug. 11-16 Associated Press-GfK survey, an all-time low and down from 50 percent in July.
The U.S. economy grew at a 1.6 percent annual rate in the second quarter, less than previously estimated, the Commerce Department said Aug. 27. An unemployment report due Sept. 3 is forecast to show an increase in the jobless rate to 9.6 percent from 9.5 percent in July, according to a Bloomberg News survey of economists.
The economy is “in a pretty precarious position,” said Ellen Zentner, senior macro economist at Bank of Tokyo- Mitsubishi UFJ Ltd. in New York.
In response to Obama’s statement, Senate Republican Leader Mitch McConnell of Kentucky pointed to polls showing that most Americans think the country is on the wrong track and that administration economic policies have failed.
“Instead of growing jobs as promised, Washington Democrats have grown the size of the national debt, the federal government and the unemployment rate,” McConnell said in a statement. Read Full Article
posted in: Blogging, EmployerNews, News
Monday, August 30, 2010
In the market for a career that offers plenty of job growth? Think technology.
According to the U.S. Department of Labor’s predictions for the fastest-growing careers, technology¿in any number of forms¿is almost a sure bet.
Computer-related jobs are especially high on the Department’s list. “In the Information Technology sector, we have seen a significant growth in information security,” explains Edward Wilde, Director of Talent and Learning for Stinger Ghaffarian Technologies (SGT, Inc.) in Greenbelt, Maryland.. “Companies need to stay in front of the hackers and protect their data, so this will most likely continue to be a growth area.”
Among the IT jobs most in demand, according to the Department of Labor, are computer software engineers; computer support specialists; network and computer systems administrators; data communications analysts; desktop publishers; database administrators; computer systems analysts; medical records and health information technicians; computer and information systems managers; and computer and information scientists and researchers.
From a career outlook perspective, engineering also looks to have a rosy future. According to Wilde, there is a lot of growth in systems engineering, especially in the government contracting world. “Having people with the ability to understand how systems work and how they work together is becoming more and more important as the number of systems continue to grow,” Wilde says.
Another aspect of engineering¿biomedical engineering, which develops the instruments and devices that advance the practice of medicine¿is reported by the Department of Labor to enjoy a predicted 72 percent growth rate between now and 2018.
Another up-and-coming technology occupation that combines computers and
healthcare—another of the Department of Labor’s hot button fields for the coming decade—is nursing informatics. “Health care reform and advances in technology have propelled the need for trained informaticists in health care to new heights,” says Marisa L. Wilson, DNSc., MHSc., RN-BC, Assistant Professor, University of Maryland School of Nursing. The 2009 federal stimulus package, for instance, targets millions of dollars of funding for informatics development and deployment. The package includes a goal of an Electronic Health Record (EHR) for every United States resident by 2014 in order to increase efficiency, decrease costs and medical errors, improve communication across providers and care settings, and to facilitate healthcare research.
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“Combined with other healthcare reform efforts, these technology infusion activities have wide-scale transformational effects and have a huge impact on the Informatics workforce needs,” says Wilson. “Nursing Informaticians, with their combined healthcare and informatics skill sets, are now in demand more than ever before.”
According to Wilson, the University of Maryland School of Nursing’s Division of Nursing Informatics receives daily requests from hospitals, ambulatory centers, home health corporations, national research companies, and policy organizations for its Masters and Doctoral Informatics students even before graduation. “This is a wonderful field for those who want to combine their clinical expertise with workflow redesign and computer
technology in an ever changing environment,” she says.
Cybersecurity is yet another promising technology field. According to the Department of Labor, demand for computer security specialists will grow as businesses and government invest more heavily in cybersecurity, in order to protect vital computer networks and electronic infrastructures from attack.
To underscore the importance of this growing field, President Obama recently announced the hiring of a cybersecurity coordinator and emphasized that cybersecurity is one of our country’s most urgent national security priorities.Read Full Article
posted in: Blogging, EmployerNews, News
Wednesday, August 25, 2010
Graduates are increasing their chance of sales recruitment by focusing on sectors with skills shortages and gearing their applications towards them, it has been claimed.
Gerwyn Davies, public policy adviser at the Chartered Institute of Personnel and Development (CIPD), said that whereas previously many graduates acted as if their work was done, the emphasis will now be on lifelong learning and continually updating skills to broaden their range.
“We won’t see a vast improvement in the employment situation for a while, so school leavers and graduates would do well to take a look at where the skills shortages are, because they still exist in some of the key areas,” he noted.
Mr Davies’ comments follow the latest CIPD/KPMG labour market outlook survey, which noted that the improvement in the labour market in recent months has contributed to a “modest increase” in the proportion of employers reporting hard to fill vacancies.
For all of the latest sales industry news visit http://www.aaronwallis.co.uk. If you are looking to hire in your sales team Aaron Wallis offer the UK’s most inclusive sales recruitment service which includes skills testing, psychometrics and a 12 month rebate scheme as standard.Read Full Article
posted in: Blogging, EmployerNews, News
Wednesday, August 25, 2010
Amidst the worst economic downturn in decades, nearly 60 percent of recent graduates of the Connecticut State University System (CSUS) report that they have obtained either a new, higher level or higher paying job, and 90 percent of graduates report being employed, either full-time or part-time, after graduation.
In addition, among students who decide to pursue a graduate degree, the percentage doing so within the Connecticut State University System has increased for the third consecutive year. Two years ago, 53 percent of CSUS graduates seeking an advanced degree remained within the system, attending Central, Eastern, Southern or Western Connecticut State Universities. Last year that percentage climbed to 60 percent. The most recent survey - of graduates of the class of 2009 - saw the percentage increase again, to 71 percent.
Overall, one in four graduates report pursuing an advanced degree on a full-time or part-time basis (beginning within six months of obtaining their undergraduate degree), a figure that has remained relatively constant in recent years.
Officials note that as student satisfaction with the undergraduate education they receive at one of the four CSUS universities remains strong, an increasing percentage of those who choose to pursue a graduate degree are doing so at one of the CSUS institutions.
The survey found that 94 percent of recent graduates are satisfied – or very satisfied – with their university experience, and 93 percent would recommend the university they attended to a potential student. In addition, nearly nine in ten graduates are satisfied or very satisfied with their educational preparation for their current job.
“These statistics are great news for Connecticut. Students recognize that the universities are providing a great education and great value, and they are staying in our state either in the workforce or to pursue an advanced degree, enhancing our economic and civic vitality,” said CSUS Chancellor David G. Carter.
Carter noted that 93 percent of CSUS students are from Connecticut, and nearly nine in ten CSUS graduates (86 percent) stay in Connecticut, which is especially important at a time when many recent high school and college graduates have been leaving Connecticut.
The survey found that 56 percent report that since completing their degree, they have acquired a job that is either new, higher paying, or at a higher level. The percentage of those employed full-time, versus part-time, has declined slightly, from 71 to 64 percent.
CSUS is the state’s largest university system, with more than 36,500 students, including a record number of full-time graduate and undergraduate students, and 180,000 alumni. Central, Eastern, Southern and Western provide affordable, accessible, high-quality programs in more than 160 subject areas, with extensive opportunities for internships, community service and civic involvement.Read Full Article
posted in: Blogging, EmployerNews, News
Wednesday, August 25, 2010
President Obama’s much-maligned economic stimulus package added as many as 3.3 million jobs to the economy during the second quarter of this year, and may have prevented the nation from lapsing back into recession, according to a report released Tuesday by the non-partisan Congressional Budget Office.
In its latest quarterly assessment of the act, the CBO said the stimulus lowered the unemployment rate by between 0.7 and 1.8 percentage points during the quarter ending in June and increased the number of people employed by between 1.4 million and 3.3 million. The higher figure would come close to making good on Obama’s pledge that the act would save or create as many as 3.5 million jobs by the end of this year.
The CBO said the act also increased the nation’s gross domestic product by between 1.7 percent and 4.5 percent in the second quarter, indicating that the stimulus may have been the primary source of growth in the U.S. economy. The Commerce Department estimates that GDP grew 2.4 percent in the second quarter, a figure many economists expect to be revised lower in a report due out Friday.
The CBO cautioned that the the act’s effects are expected to “gradually diminish during the second half of 2010 and beyond,” leaving the private sector to pick up the slack in an economy that is already showing signs of deteriorating rapidly. On the bright side, the CBO revised the cost of the package downward: Originally estimated to cost $787 billion over 10 years, the stimulus was later estimated to cost $862 billion. But in the report released Tuesday, the CBO said it now expects the measure to cost only about $814 billion through 2019, with 70 percent of those costs incurred by the end of this year.
Polls show that the public is deeply skeptical about the stimulus and tends to believe that it increased the national deficit without improving the economy. Republicans hoping to seize control of Congress in the November midterm elections have been blasting the act as a failure. But the CBO, which is respected by both Republicans and Democrats, has long held a different view and Democrats hailed Tuesday’s report as further vindication of the president’s signal economic achievement.
“This new analysis from the nonpartisan Congressional Budget Office is further confirmation of what we’ve been hearing from leading economists, the nation’s governors and families across the country: the Recovery Act is working to rescue the economy from eight years of failed economic policy and rebuild it even stronger than before,” Vice President Biden said in a statement.Read Full Article
posted in: Blogging, EmployerNews, News
Monday, August 23, 2010
New York leads a list of cities in the US that are poised to offer the maximum number of new jobs in the country after the global recession, an astounding figure of 600,000.
Unemployment in New York now stands below the national average, and the city will soon offer a total of 578,897 jobs in industries as Wall Street, healthcare and entertainment, economics experts have said.
Los Angeles follows New York and is expected to add 405,392 new jobs, while Chicago has the third-best future with an additional 344,740 projected jobs.
Economist Richard Florida of the consulting firm Creative Class Group said this has happened because New York “isn’t a one-industry town”.
“New York has a very diverse set of occupations. It’s not like the steel industry in Pittsburgh or the auto industry in Detroit,” he was quoted as saying by the New York Post.
Florida is so optimistic about New York’s future that he has predicted it will lead the nation in job creation over the next eight years.
The burst of employment in New York will be led by highly skilled professionals with college degrees in business, science and engineering, he said.
A review by the Federal Bureau of Labour Statistics covering 22 cities and over 822 job categories predicted the job openings.
Jobs in Wall Street and the entertainment industry are expected “to explode”, Florida said, adding that the financial services industry and the healthcare industry have “weathered the recession better than most”.
There will be a slew of job openings in the entertainment industry, from ballet dancers to agents to stage designers and graphic artists, he said, adding “New York is a mecca for that”.Read Full Article
posted in: Blogging, EmployerNews, News
Monday, August 23, 2010
Nevada will need registered nurses. According to the Nevada of Employment, Training and Rehabilitation Department, nearly 5,500 new nurses will be needed statewide by 2016.
This amounts to growth in the registered nurse occupation of 37 percent through 2016, with an average annual growth rate of 3.2 percent.
This employment projection casts a glimmer of light on a state in the unenviable position of having the highest unemployment rate in the nation at 14.2 percent.
The University of Southern Nevada and St. Rose Dominican Hospitals have partnered to help shape Nevada’s workforce by preparing qualified registered nurses to meet the state’s future health care demand. As a result, career seekers and career changers who have a bachelor’s degree can become a registered nurse in 14 months through a new accelerated bachelor’s degree in nursing. The accelerated degree combines online courses and on-site labs taught by USN faculty with clinical rotations at St. Rose locations and other clinical sites in Southern Nevada.
“Nevada’s nursing shortage has decreased somewhat during the economic downturn,” said Dr. Mable Smith, dean of and professor at the USN College of Nursing. “As the economy improves, we will see the nursing shortage become critical. To help address this community issue, the university has joined forces with St. Rose Dominican Hospitals to address the region’s future need for nurses. We expect that people who enter into nurse education programs now will find a different employment environment at the end of their degree program as the economy rebounds. ”
To showcase the program, USN and St. Rose are holding a “Come Explore Nursing” education fair on Aug. 31 from 8-11 a.m. and at 4-7 p.m. at St. Rose Dominican Hospitals — San Martin Campus conference center, Rooms A and B, 8280 W. Warm Springs Road. To register for the free event or for more information, visit comeexplorenursing.com or call 877-885-8399.
The event will allow attendees to learn about the nursing profession, speak with St. Rose nurses from various units, learn about being a nurse at St. Rose and speak with St. Rose recruiters to learn about the hospital’s culture.
Attendees can also learn about USN nurse education programs, including the new 14-month nursing program that starts classes in October and is specially designed for adults who have a bachelor’s degree and want a new career or to change careers. USN instructors will be available to answer questions about the curriculum.
Experts agree that, as the economy improves, the demand for nurses will increase. Nurses who delayed retirement during the recession will retire. Part-time nurses who went full time because of an unemployed or underemployed spouse will resume their part-time schedules, and patients will seek treatment for elective procedures they postponed to save out-of-pocket expenses. In addition, health care reform and an aging Baby Boomer generation will create increased demand for nurses for an already stressed national health care system that will be short 1 million nurses by 2020.
Rod A. Davis, president and CEO of St. Rose Dominican Hospitals added, “Our three hospitals are well-known for providing quality, compassionate health care for the community and our nurses are one of the main reasons we are able to provide that high level of care. We are looking forward to working with the USN College of Nursing to provide this much needed educational resource to our community.”Read Full Article
posted in: Blogging, EmployerNews, News
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