All Articles Tagged "job market"
In the economically destructive aftermath of The Great Recession, women are picking up the pieces faster than men. The Buffalo News took a closer look at the August jobs report and found that women and men demonstrated an unemployment rate of 6.8 percent and 7.7 percent.
Construction and manufacturing, two male-dominated industry, have remained harmfully sluggish during the economic recovery. Industries in sales, health care, education, food and hotels, on the other hand, have been revitalizing at a healthier rate. Coincidentally, these are the industries most populated by women. “Since June 2009, one of the largest gains occurred in education and health services jobs, which added nearly 1.6 million jobs, second most of any industry. And women gained nearly 1.1 million of those jobs,” the paper says.
“It’s a segregated labor market, and men and women do work in different industries, and even in different areas within industries,” says Heidi Hartmann, an economist and president of the Institute for Women’s Policy Research.
At the peak of the economic downturn, only 67.97 million women had jobs. In August, there was a slight increase, with 68 million women were employed. Men, however, experienced a setback. In December of 2007, 78.3 million men were employed. This number dropped to 76.2 million last month.
Women haven’t only been making gains in low-wage industries. They have also been employed in “professional and business services, a grab-bag category that includes architects, engineers, information technology workers and temps,” Buffalo News adds. However, this is where the positive outlook for female employment ends. The percentage of women (and men) looking for employment has been dropping.
“[The] labor force participation rate for women was 57.3 last month, down from 59.4 percent in December 2007. For men, the participation rate has dropped to 69.5 percent, from 73.1 percent,” it added.
These furloughs aren’t helping the overall employment picture either.
There has been a jump in men and women falling back on retirement, enrolling in educational institutions, registering for Social Security payments, and simply giving up on the weak job market.
Looking for a job can be, at times, just as frustrating as preparing for the interview. One wrong move and your submission will make its way to the bottom of the pile or worse, the trash can. Hiring managers see their fair share of hot mess job applications. It’s our job to learn what those errors are and correct them in hopes landing the position.
Don’t do these things ever again.
“Thank you for your interest in the position. We’re sorry, but you are a bit overqualified.”
Okay so maybe it doesn’t really go down like this (hopefully not in those words) but nonetheless happens to many job seekers. No one likes hearing they have too much experience for a position, especially when bills are coming due. Yet, many professionals will seek positions that are a bit “lower in status” for various reasons that include lack of jobs at their current level or the flat out need to survive.
Should you find yourself in this number, here are some ways to land a job if you are overqualified.
Across America, temporary work has become a mainstay of the economy, leading to the proliferation of what researchers have begun to call “temp towns.” They are often dense Latino neighborhoods teeming with temp agencies. Or they are cities where it has become nearly impossible even for whites and African-Americans with vocational training to find factory and warehouse work without first being directed to a temp firm.
African Americans today are way more educated than they were 30 years ago. In 1979, only 10 percent of blacks had a bachelor’s degree or higher. In 2011, 25 percent of African Americans had a four-year college degree. But blacks are less likely to find a good job in 2013 than the year 1979, a study from the Center of Economic and Policy Research (CEPR) says.
Surprisingly, the number of black workers who possess a “good job”—at least $19 per hour with health benefits and a retirement plan—has declined, despite the increase in education, over the last 30 years.
Economists consistently push for African Americans to pursue degrees to solidify a comfortable spot on the social and financial ladder. Theoretically, the more educated Blacks become, the more attainable the jobs are. However, recent data from the CEPR proves this conjecture wrong. In 1979, when blacks were considerably less educated, 20.8 percent were employed. But in 2011, only 19.6 percent had jobs.
African-American males are more affected by the troubling statistics the CEPR released. Between 1979 and 2011, the number of black men who had good jobs dropped from 26.4 to 20.9 percent. Probably as a result of the evolving views of working women, the number of female workers rose from 14.5 percent in 1979 to 18.4 percent in 2011. However, black women are less likely to have a good job compared to black men in every dimension.
Young African-American workers are also feeling the sting of these tumbling numbers. The median age of black workers in 1979 was 33, but the median age for workers in 2011 was 37. Regardless of age and level of education, CEPR found that black workers were less likely to have a good job throughout all years compared to their white counterparts.
One report titled “Has Education Paid Off for Black Workers” blames the continuing discrimination against African Americans and blacks’ poor bargaining power as the problem behind the decline in employment for degree-holding Blacks.
The African-American unemployment rate increased from 13.2 percent to 13.5 percent in May.
A new report released on MckinseyOnSociety.com found that nearly half of graduates from four-year colleges land jobs that don’t require a Bachelor’s degree. A college graduate is hired for a job that he or she is overqualified for every five minutes, reports the Huffington Post.
Instead of scoring a job in their field, many college grads end up working in retail or at a restaurant. Graduates who are in STEM subjects (Science, Technology, Engineering, and Math), are more likely to be hired for jobs that require four-year degrees, the report found.
The study also discovered that half of the graduates were regretful and wished they’d chosen a different major or school. Respondents primarily chose “technical skills” as the area that they felt most unprepared in, the report says. Without these skills, college graduates felt like the transition from school to the “real world” was rocky, the survey says.
A recent report from the Congress’ Joint Economic Committee says that “for students graduating in the class of 2011 with college debt, their average student loan balance is equivalent to about 60 percent of their income,” adds HuffPo. If most jobs that are offered to recent graduates do not require a Bachelor’s degree, are the costs of higher education truly worth it?
Although the job market is rather weak for four-year college graduates, their chances of scoring a job is much higher than those with only a high school diploma. Job searchers over the age of 25 with a Bachelor’s degree have a jobless rate 3.8 percent. About 11.1 percent of those with solely a high school diploma find themselves jobless.
The study was conducted focused on 4,900 college graduates between 2009 and 2012
Unpaid college interns reluctantly agree to get coffee, make some copies, and essentially serve a company — for free — in hopes that their experience will make an impression on employers. Unfortunately, unpaid internships may just be a waste of time; studies show that there’s no significant difference between the jobs obtained by students with unpaid internships and those with no internships, reports The Atlantic.
A survey of more than 92,000 seniors over the course of three years by the National Association of Colleges and Employers (NACE) discovered that 63.1 percent of graduating seniors who had a paid internship received at least one job offer. But only 37 percent of college students who worked as unpaid interns were offered employment. This was a measly 1.8 percentage points higher than those without internships.
In a 2012 poll by Intern Bridge, results showed that 17 percent of unpaid interns did not receive a job offer while 36 percent of their paid counterparts did. However, it is important to note that this survey included sophomores and juniors, not just seniors like the recent NACE survey. Job offer rates might have been higher if it only included upperclassmen.
If we’re talking salary, the results are even more startling. Unpaid interns were actually offered less money than students without internships on their resumes.
There are some theories that point to why unpaid interns remain in the same tier as non-interns in the job market. One theory speculates that the students who are hired for paid internships are more intelligent than those who get unpaid internships. However, Intern Bridge’s data shows that the distribution of GPAs between the two groups are about the same. Another theory blames the fact that most unpaid internships breed from industries with a poor job market, such as magazine journalism. As a result, job searchers find no luck.
And if you haven’t heard, last week a U.S. District Judge ruled in favor of two unpaid interns who experienced labor maltreatment while working on the set of Black Swan. Time called it “the beginning of the end of unpaid internships.” One day unpaid interns may very well be a thing of the past.