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Reveille and Hyperbole: DirectEmployers Association, a non-profit consortium of over 200 leading U.S. employers which owns and operates JobCentral National Labor Exchange, has announced the release of a White Paper titled, "Meeting Federal Contractor Job Posting Requirements and the Need for an Employer-Funded National Labor Exchange."
The White Paper, written by William O. Warren, Executive Director of the Association, contains a discussion of the current law, federal contractor job posting requirements, the impact on employers meeting their legal requirements with the scheduled closing of America's Job Bank (AJB), and recommended solutions.
WorkGiant, a national, performance-based recruiting company and career portal network, announces a strategic partnership with the
America's Independent Truckers' Association, Inc. (AITA).
AITA, located in Clinton, MS, has relationships with over 40,000 independent truckers and 1,800 fleets.
Taleo (NASDAQ: TLEO) , the leading
provider of on demand talent management solutions,
announced that it has entered into an agreement to acquire the assets
of privately-held JobFlash, based in Fremont, California in an all-cash
transaction. Under the terms of the agreement, Taleo will acquire all
of JobFlash's intellectual property, technology, and customers.
Taleo will retain the majority of JobFlash's sales, services, and
development personnel. The asset purchase agreement was signed on
March 2, 2007 for a purchase price of approximately $3 million.
The transaction is expected to close in the first quarter and is not
expected to have a material impact on Taleo's operating results.
Visible Path, a company that helps business people manage social networks and build relationship capital, launched its new informational website on Clickability's cmPublish web content management platform, Clickability announced today. Unlike a typical marketing "brochureware" site, info.visiblepath.com aims to engage audiences in a dialogue that helps build overall industry knowledge in addition to providing specific product information.
ADP's February Employment Numbers: The First Release of a Hopefully Improved Report (Feb Report: +57,000)
After some significant "misses" last year when compared to Uncle Sam's Bureau of Labor Statistics (BLS) reports that come out two days later each month, ADP has retooled its National Employment Report. If how Biz Weak assesses the upgrade (appears to require paid subscription) is accurate, it could prove more valuable than what BLS releases but it will take at least a year, and probably two, before we'll know that:
A Makeover For A Key Jobs Report
An overhauled version of Automatic Data Processing Inc.'s (ADP) National Employment Report is due on Mar. 7. The changes should get monthly results a little closer to the Labor Dept.'s initial monthly payroll figure. But the report's more valuable contribution may be a better picture of the labor market in real time.
.. The ADP report now looks at nearly 400,000 businesses with payrolls totaling close to 23 million workers. That's larger than the initial pool used by the Labor Dept. Plus, the data are now being collected weekly, vs. monthly, and a more advanced seasonal adjustment is in place.
The two measures will still diverge from time to time. When that occurs, early evidence shows the ADP numbers come closer to the government's final annual employment revisions, released in early February, than the initial Labor Dept. jobs data. One reason is that the ADP report includes businesses not in the government's initial survey. That makes the report "particularly powerful if you are trying to understand what truly happened to employment, as it will eventually be reported by the [government]," says Macroeconomic Advisers Chairman Joel Prakken.
It will take time to convince the financial markets, but if the revised ADP report proves to be a reliable real-time estimate of true labor market conditions, it will end up being quite valuable.
The final revisions referred to in bold are no small matter. The one just completed a month ago (blogged on here) "found" 981,000 previously unreported jobs, about 750,000 of which were added between April 2005 and March 2006, with the rest coming between April and December of 2006. After BLS's February 2008 revision, there should be some pretty decent evidence as to whether ADP's methodology really is picking up on job activity every month that BLS is taking a year or two to detect. By February 2009, the jury should be completely in for the period ending December of 2007. I would expect that there will be a lot of ink consumed and bandwidth burned in the meantime attempting to compare BLS and ADP.
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UPDATE: ADP's reported employment increase for February is 57,000. This report, plus the claims to better accuracy described below, build a bit of drama into Friday's employment report from the government. Plus, there's an additional nugget ADP will apparently start providing a large employer/small employer breakdown:
Other new detail in The ADP National Employment Report shows that employment at small and medium size businesses employing less than 500 workers grew 86,000, while employment at larger businesses declined 29,000. Over the last six months, small and medium size businesses accounted for most of the growth in private nonfarm employment.
(BizzyBlog)
Deeper Release:
TopJobSites.com Announces the Updated Top Job Site Rankings in Each of Seven Job Categories.
Top job sites show a slight decrease in overall share of Internet users throughout the world.
A majority of job sites showed a slight downward trend relative to overall rankings of other Internet sites during the past month, according to recent Alexa rankings published by TopJobSites.com. 55.7% percent of job sites show a ranking decrease and 44.3% of job sites had a ranking increase. The TopJobSites.com Ranking Index was down 2.01% overall.
The only categories to show a net gain were College (with a 2.80% category gain and 55% of the sites showing a ranking gain) and International-English (with a 2.75% category gain and 65% of the sites showing a ranking gain).
The overall category leaders are: Monster.com for General Job Sites, CollegeGrad.com for College Job Sites, The Ladders for Executive Job Sites, Dice.com for Niche Job Sites, LatPro for Diversity Job Sites, naukri.com for International (English) Job Sites and ChinaHR.com for International (non-English) Job Sites.
Following are the Alexa rankings of the top three job sites in each of the seven categories:
The top ten sites have been updated for each category and are available along with direct links online at www.TopJobSites.com. Attached is the Alexa spreadsheet with all of the current rankings of more than 250 job sites.
About TopJobSites.comTopJobSites.com ranks the top job sites in seven different categories by their Alexa rankings. Alexa is a popular Web site ranking tool that is available for free to any user on the Internet to see the traffic ranking for more than five million of the top Web sites. TopJobSites.com does not have any financial or other interest in Alexa, which is owned by Amazon.com.
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