Expect Job Recovery to Be Gradual U-Shaped

Job Search Market Update: By most accounts the economic experts feel the job market is returning, but slowly. Fed's Kocherlakota says there will not be a V-shaped recovery due to the increases in public debt, restricted bank lending, and the financial situation in Europe.

Most experts agree that this recession is primarily driven by structural unemployment. There are a variety of jobs that most likely will not return. This is due in part to the labor market "correcting" itself for a period of over expansion, a shift toward leaner staffing, and organizations that have created operational efficiency changes. The combination of all of this has resulted in the reduction of costs, increased efficiencies and increased revenues for organizations. Comapanies are relucant to increase expenses by expanding their labor force, unless absolutlely necessary.

The decrease in home equity coupled with the decrease in investment accounts, still have the consumer cautious, though they seem to be slowly coming out of their shells. The companies will continue to slowly add jobs and hire as their confidence also returns.

Job Search Tips: Economists predict 3 industries that they do not expect the jobs to return to pre-recession levels, retail, manufacturing and advertising segments. (Moody Analytics predicts as Americans buy less cars and houses, 1 million jobs in auto, steel, furniture and other manufacturing industries will not return). My tip for this week is avoid spending the bulk of your time looking for a job in these segments.

Job Search Action Item: Register now for this Monday May 17, 2010, 9am-10am Tele Class, "Professional Salary Negotiations Tips". Register through our mailing list opt in box, RSVP May 17, 2010 section. 

Think about other industries that are aligned to your primary industry experience that you should consider contacting during your job search this coming week.

Job Search Mental Health Tip: Attempt a simple DIY project around the house, where you can visibly see the change of something you improved or fixed.

Have a great week! Good Luck!

Eleanor Anne Sweet

The Job Search Experts

www.TheJobSearchExperts.com

Sources for today's blog: "Millions of Jobs that were cut wont' likely return" by Chirstopher Rugaber (AP), I am suggesting for those interested in some of the previous economic recessions history to read, "Has Structural Change Contributed to a Jobless Recovery?" by Erica Grosben and Simon Peter, Fed Reserve Bank of NY, Volume 9, Number 9 August 2003.

Job Market Improving, Unemployed re-enter Job Search Mode

Job Search Market Update: April was the 4th month in a row that the economy added workers, 573,000 jobs added in the first 4 months of this year! There are still more than 15.3 million unemployed last month. In April 290,000 jobs were added; 231,000 of the jobs added were by private employers and 66,000 were temporary jobs for the 2010 Census by the federal government. Employment increased in the professional and business sectors, leisure and hospitality and the manufacturing industry. The Labor Department has issued numbers that tell us 45.9% of all the unemployed people have been without a job for 27 weeks (9 months) or more. This unfortunately is a record high since they started keeping their records.

Job Search Tip: Research and look into job opportunities in leisure, hospitality, manufacturing industries. Look into companies that have seasonal products, services or needs that will become strong in the summer months starting now through fall. There may even be some seasonal jobs that could be temporary now but lead to full time employment once you have the ability to show them what a great employee you are!

Job Search Action Item: Sign up for our next audio Tele Class, Monday May 10, 2010, 9am-10am, CST, 7am-8am PST, "Interview Question Strategies and Tips 101". On this web site go to "Join our Mailing List" and check Registration/RSVP Tele Class May 10th.  Take a field trip to Home Depot, Lowes, Menards, and other outdoor seasonal operations in your area. Look for product and companies you get excited about. Monday go to the library and research those companies in depth. Make a goal of mailing your cover letter and resume to them on Tuesday.

Job Search Mental Health Tip: Take time off from your job search campaign and spend Mother's Day with your mother and some special people in your life. I lost my mother, Margery on June 20, 2007. I think to a certain degree I took Mother's Day for granted. Now on Mother's Day I really miss her. Luckily for me I have a wonderful daughter and son. Hug your own mother for me. You will be surprised how much positive energy you can get from a hug from someone that loves you unconditionally!

Eleanor Anne Sweet

The Job Search Experts

www.TheJobSearchExperts.com

This week market update was in part from The New York Times, Christine Hauser

Consumer Confidence Increase to Help Job Outlook

Job Search Market Update: Consumers are becoming more optimistic this month, giving hopes that more jobs will become available.  More people may start to re-enter the labor force as the economy improves. This increase of people looking for jobs, will still keep the labor market fairly competitive on the job front. "Economists surveyed by Bloomberg earlier this month project the unemployment rate, at 9.7% in March, will end the year at 9.4%"

For the consumer product job seekers, note Whirlpool Corporation, the world's largest major appliance manufacturer, increased their forecast for the year based on the fact that their 1Q sales were 20% higher than the same time last year! A good sign guys.

Job Search Tip Update: Hiring is plentiful in the green-job market, specifically they are looking for sales, marketing and HR. If you land a salaried job, it will allow you to learn on the job and use your skills from other fields. Green-Job boards to check out are: GreenJobs.net, TreeHugger, GreenBiz.com, Green Collar Blog, GreenJobSearch.org  The top 5 cities for Green Jobs are NYC, San Francisco, Boston. Detroit and Portland Oregon. (See WSJ, 4.27.10, Green-Job Market by Mr. Finnigan)

Job Search Action Item: Join our mailing list before May 3 9AM CST to get your free gift, a free training session. On Monday May 3, 2010, 9AM-10AM CST we will be giving our members on our mailing list a free tele-training session "Job Search Strategies and Tips 101". We will send you an invitation with a private access code and phone number to attend via email. There will be live Q&A following the training session. Get your questions answered, time permitting. There will be a replay for 7 days for those that miss the session. We will email you the replay link. (Limit to 200 people) Any questions regarding the tele-training session, call us at 1-877-JOBS-007.

Job Search Mental Health Tip: Attend the "Job Search Strategies and Tips 101" on Monday May 3, 2010, 9AM CST. Get your engine recharged and don't feel like you are all alone!

Eleanor Anne Sweet

www.TheJobSearchExperts.com

The Experts in Job Search Solutions.

Recovery in manufacturing segment is solid.

Job Market Update: Some feel that the recession ended in June 2009, though some experts are holding off from confirming what some of said relative to this issue.  As the job seekers find work, the median wage will continue to fall. More Americans will be working, but at salaries lower than what they consider adequate. People are happy to find and have jobs right now. Two years from now there will be a lot of people leaving the jobs that they are currently unhappy in.

Job Search Tip Update: Job market is improving in the construction and roofing area where solar panels are involved. Also continue to research the growth of jobs involved with the "green sector". Business that have goods our services that will save energy or be involved in recycling.

Job Search Action Item: Check out some job web sites involved with "Green" jobs.A couple to look into www.greenjobsearch.org, www.thegreenjobbank.com, www.jobs.greenbiz.com, and www.jobs.cleanedge.com

Job Search Mental Health: Field trip time. Visit your local Home Depot, Lowes, Ace or True Value store. Check out the spring/summer seasonal items that are being purchased by the home owners for their seasonal projects. This would include lawn and garden, paint, caulk, walkway lighting, etc. Contact those companies to see if they are hiring. Lastly buy your self 5 bags of mulch and put some of that in your yard. Now go inside and research those companies you found at the store that have the seasonal  products selling now.

That is a wrap.

The Job Search Experts

www.TheJobSearchExperts.com

The Experts in Job Search Solutions. tm

Largest Job Gain in 3 years!

Happy post Easter Holiday!

Job Market Update: While we saw the largest job gain in 3 years, most of the economists do not expect the new hiring to increase quickly enough this year to rapidly reduce the unemployment rate. Patience is the key.

We saw additional jobs added with private employers (Most since May 2007), increases from manufacturers (3 months straight), increases from health care, leisure and hospitality segments.

Job Tip of the week: Go to your library and find a reference book that will give you 50 new companies with contact names, mailing address, phone, and fax. MAIL or FAX your resume to arrive Tuesday-Thursday. It will get notice more by being mailed, faxed and arriving on the suggested days.

Challenge/Action Item: Call 10 new people a day to follow up with or network on job lead ideas.

Job Search Mental Health Tip: Plant some pansy flowers somewhere outside with someone close to you.

Good luck with your job search progress this week!

The Job Search Experts Team

www.TheJobSearchExperts.com

The Experts in Job Search Solutions.tm