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This Week's ERN
Author:

interbiznet presents the Bugler
January 8, 2001


CTO
Review Sumser's seven main responsibilities of the Chief Talent Officer in today's Electronic Recruiting News.

From the Bureau
In November, 217 metropolitan areas recorded unemployment rates below the U.S. average (3.8 percent, not seasonally adjusted), while 108 areas registered higher rates. Forty-one metropolitan areas had jobless rates below 2.0 percent, with 13 of these located in the Midwest, 13 in the South, and 12 in New England. Seven of the eight areas with rates above 10.0 percent were in the West.

Employment rose modestly in December, and the unemployment rate was unchanged at 4.0 percent. Total nonfarm payroll employment increased by 105,000, as gains in government and other service-producing industries more than offset large declines in manufacturing and help supply services. Over the last 3 months of Year 2000, total payroll employment gains averaged 77,000, compared with an average monthly gain of 187,000 during the first 9 months of the year. Average hourly earnings increased by 5 cents in December.

The Labor Department reports that in the week ending December 30, the advance figure for seasonally adjusted initial claims was 375,000, an increase of 16,000 from the previous week's revised figure of 359,000. The 4-week moving average was 352,250, an increase of 5,250 from the previous week's revised average of 347,000.

Check Out the Competition
ChoiceCareers.com is a job board offers its users the opportunity to ask questions of its staff in real-time.

MBAfuturestep.com is a career management solution designed to reach prospective and current MBA students and MBA alumni. The new service is a joint venture between not-for-profit education organization The Graduate Management Admission Council and recruiting site Futurestep.

New Combinations
EfrontMedia, a content portal company, has purchased WorkLife.com, a producer of career channels for websites. Financial terms of the deal were not disclosed.

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