Consumer Confidence Rising, Durable Goods Order Rising, Labor Market Should Be Next
Job Search Market Update: The rise of both consumer confidence and durable goods orders are signs that the forces of the recovery are warming up. It is still unknown how long it will take for it to create a "hot" job market. Take note that at least signs are going in the right direction and "heating up". Currently consumer spending is 70% of the GDP, 90% would represent a healthy economy.
Durable goods orders are showing the best numbers in the 3 months and double the projections! The US economy has been growing since last summer. The country is emerging from the worst recession since the 1930's. Experts are predicting tomorrow that the new GDP number will be 3.4 %, up from the first 3 months of this year of 3.2%
Job Search Market: In finding a job continue to divide your job search in terms 1) job board and help wanted ads (5-10% find success) and 2) hidden job market (80% people find their job this way). As a rule, today people spend too much time answering the job boards that represent only a potential success rate of 10%, more effort should be shifted to cold calling and networking into the hidden job market.
Job Search Action Item: Join our mailing list today and register for your gift, "Secrets to Maintaining a Positive Outlook During Your Job Search", our audio Tele Class, NEW DAY OF THE WEEK FOR JUNE, Thursday, June 3, 2010. 9AM CST.
Job Search Mental Health Tip: Allow yourself to take this holiday week-end off to recharge for next week. working on finding a job.
Eleanor Anne Sweet
The Job Search Experts
www.TheJobSearchExperts.com
PS Have a wonderful, relaxing and safe holiday with your families this Memorial Day week-end.
Sources: MSNBC.com, Austin Business Journal, casualsonline.com
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