The Industry: Players and Definitions
Read the Electronic Recruiting News by John Sumser for industry insight and analysis.
From the Bureau
Metropolitan Area Employment And Unemployment. In November, 259 metropolitan areas recorded lower unemployment rates than a year earlier, 63 areas had higher rates, and 9 areas had rates that were unchanged. Twenty-four metropolitan areas registered jobless rates below 3.0 percent, with 12 of these located in the South and 7 in the Midwest. Eight areas had unemployment rates of at least 10.0 percent. Six of these areas were located in California, and the other two were along the Mexican border in other States. The national unemployment rate in November was 5.2 percent, not seasonally adjusted.
Help-Wanted
The Conference Board Help-Wanted Advertising Index dipped 1point in November and now stands at 36. It was 38 last November. In the past 3 months, help-wanted advertising declined in six of the nine regions across the U.S. Largest declines occurred in the East North Central (-7.5%) and Mountain (-7.2%) regions. Help-wanted advertising increased in the Pacific (3.4%), East South Central (1.2%) and Middle Atlantic (0.8%) regions.
Check Out the Competition
JobDiscover.com, opening on January 5, will include an integrated interview/conference system (through Talking Communities.com). The company reports it will be the only job search engine that is 100-percent banner and ad free.
New Combinations
Workstream will acquire White Plains, New York, human resources software firm ProAct Technologies Corp. Financial terms of the deal were not released.
35 Years Later
National Public Radio talks with Richard Nelson Bolles, author of the job hunters' bible, What Color Is Your Parachute?. In his 70s, and in the 35th year of publishing the book, Bolles talks about what has changed, what hasn't, and about the job market over the years.
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