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interbiznet presents The Bugler
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October 18, 2007
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Relationships Take Time VI
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Electronic Recruiting News.
Reveille and Hyperbole:
Futurehighs.co.uk (http://www.futurehighs.co.uk), a job board designed to make finding and posting jobs as pain free and productive as possible, is launching on November 1, 2007.
Monster announced the availability of RecruiterWorks, a bundled sourcing solution created to meet the exacting and varying needs of small- to mid-sized staffing firms. Monster is the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST).
Bureau of Labor and Statistics:
THE EMPLOYMENT SITUATION: SEPTEMBER 2007
Employment rose in September, and the unemployment rate was essentially
unchanged at 4.7 percent, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. Nonfarm payroll employment rose by 110,000 following
increases of 93,000 in July and 89,000 in August (as revised). In September,
health care, food services, and professional and technical services continued
to add jobs, while employment trended down in manufacturing and construction.
Average hourly earnings rose by 7 cents, or 0.4 percent.
Unemployment (Household Survey Data)
The number of unemployed persons (7.2 million) and the unemployment rate (4.7
percent) were essentially unchanged in September. A year earlier, the number of
unemployed persons was 6.9 million and the jobless rate was 4.6 percent. (See
table A-1.)
Over the month, the unemployment rates for adult men (4.2 percent), adult
women (4.0 percent), teenagers (16.0 percent), whites (4.2 percent), blacks
(8.1 percent), and Hispanics (5.7 percent) showed little or no change. The
unemployment rate for Asians was 3.2 percent, not seasonally adjusted. (See
tables A-1, A-2, and A-3.)
Total Employment and the Labor Force (Household Survey Data)
Both total employment (146.3 million) and the civilian labor force (153.5
million) rose in September. Nearly half of the over-the-month increase in the
labor force occurred among teenagers; this offset a labor force decline among
that group in August. The employment-population ratio (62.9 percent) and the
labor force participation rate (66.0 percent) were little changed over the
month. (See table A-1.)
You Should Know:
Industry Stocks to Watch:
Resolve Staffing, Inc. (OTCBB:RSFF)
Top 50:
Deloitte's Orange County Technology Fast 50 Ranking of Fastest Growing Companies
Ranking Company Name Five-Year Growth City Percentage 1 ISTA Pharmaceuticals, Inc. (1) 11,773 Irvine
2 FireSocket 4,529.4 San Clemente
3 Acacia Research Corporation 4,499.2 Newport Beach
4 RealtyTrac, Inc. 1,629.6 Irvine
5 eyeonics, inc. 1,506.4 Aliso Viejo
6 Nexiant 1,478.8 Irvine
7 Ceradyne, Inc. (1) 982.5 Costa Mesa
8 Netlist, Inc. (1) 982.2 Irvine
9 MegaPath, Inc. 908.7 Costa Mesa
10 Smith Micro Software, Inc. 663.8 Aliso Viejo
11 IntraLase Corp. 628.8 Irvine
12 HireRight, Inc. 572.3 Irvine
13 Masimo Corporation 477.7 Irvine
14 SenoRx, Inc. 382.6 Aliso Viejo
15 Multi-Fineline Electronix, Inc. 356.1 Anaheim
16 LogicalApps 326.3 Irvine
17 TTM Technologies, Inc. 315 Santa Ana
18 I-Flow Corporation 284 Lake Forest
19 Clarient, Inc. 263.1 Aliso Viejo
20 Accurate Background, Inc. 258.2 Lake Forest
21 Newport Corporation 253 Irvine
22 Broadcom Corporation (1) 238.7 Irvine
23 UCT-AnyDATA 235.8 Irvine
24 IDM Pharma Inc. 231.9 Irvine
25 Envision Financial Systems, Inc. 170.8 Irvine
26 Quality Systems, Inc. 168.5 Irvine
27 Epicor Software Corporation 167.7 Irvine
28 KOR Electronics 158.9 Cypress
29 BIOLASE Technology, Inc. 155.7 Irvine
30 Spectrum Pharmaceuticals, Inc. 139.3 Irvine
31 Irvine Sensors Corp. 132.3 Costa Mesa
32 ICU Medical, Inc. 129.6 San Clemente
33 Universal Electronics Inc. 127 Cypress
34 SRS Labs, Inc. 125.5 Santa Ana
35 Allergan, Inc. 111.2 Irvine
36 Western Digital Corporation 101.8 Lake Forest
37 QLogic Corporation 100 Aliso Viejo
38 STEC, Inc. 99.5 Santa Ana
39 Endologix, Inc. 98.3 Irvine
40 American Vanguard Corporation 92.5 Newport Beach
41 Ritz Interactive, Inc. 90.8 Irvine
42 Powerwave Technologies, Inc. 86.3 Santa Ana
43 Conexant Systems, Inc. 86.1 Newport Beach
44 Advanced Medical Optics, Inc. 85.4 Santa Ana
45 Liberty Information Management Solutions 83.8 Costa Mesa
46 SmartLabs, Inc. 75.8 Irvine
47 Microsemi Corporation 74.2 Irvine
48 Mindspeed Technologies, Inc. 69.8 Newport Beach
49 Pro-Dex, Inc. 62.1 Santa Ana
50 Emulex Corporation 58.1 Costa Mesa
Deep Release:
Monster Local Employment Index Reports Online Recruitment Activity Rose in 22 of 28 Top U.S. Metro Markets in September
September 2007 Monster Local Employment Index Highlights:
Majority of local markets tracked see modest pick-up in online job demand in September
Cincinnati, Detroit and Pittsburgh register the largest rate of increase in online job availability over the month
Number of online job opportunities dipped in just three markets: Houston, San Diego and San Francisco
Houston remains the Index's top growth market on a year-over-year basis, followed by Pittsburgh and St. Louis
Just three markets are showing lower online job availability than a year ago: Baltimore, San Diego and Tampa
Online job availability rose in 22 of the top 28 U.S. metro markets in September, reflecting a modest rise in online recruitment activity across a majority of major U.S. markets, according to the Monster Local Employment Index. The Index is based on a real-time review of millions of employer job opportunities culled from more than 1,500 different Web sites, including Monster(R).
"The September findings of the Monster Local Employment Index demonstrate a slight pick-up in online recruitment activity across a majority of the nation's largest metro areas," said Steve Pogorzelski, Executive Vice President, Global Sales and Customer Development at Monster Worldwide. "Online job availability remains up on the year in most markets, but is generally growing at a slower pace, suggesting loosening labor market conditions across the country."
Cincinnati, Detroit and Pittsburgh registered the strongest rate of increase in online job demand in September. Online opportunities in management; architecture and engineering; and computer and mathematical occupations surged in Cincinnati and Detroit last month. The healthcare industry also contributed, with the healthcare practitioners and technical category increasing more than any other category in Cincinnati last month, while in Detroit, the category is up 15 percent year-over-year. Over the quarter, online job availability for computer and mathematical occupations also increased in both cities. Meanwhile, online recruitment activity continued to soar in Pittsburgh, reflecting historically tight labor market conditions and high demand for technically skilled workers in both white-collar (IT, engineering) and blue-collar (installation, maintenance, and repair) occupations.
Online job availability also rose in Denver last month, continuing a three-month upward growth trend and bringing the Index for Denver to a near-record annual growth pace following a summertime slump. The increase in September was largely driven by higher local demand for education and skilled healthcare professionals. At the same time, Denver is also the top growth market for legal occupations over the year. Meanwhile, online demand for military specific occupations edged down further and is down 19 percent over the year, reflecting softer demand for state and local government jobs. Protective service occupations, another public sector-dominant category, also showed contraction in online opportunities, although no long-term downtrend has been established.
Online job demand in St. Louis edged up two percent during September, solidifying its rank as the fourth strongest Index market in terms of year-over-year growth for the sixth consecutive month. St. Louis is also the Index's top growth market year-over-year for office and administrative support occupations. The high volume of online job opportunities within the management; life, physical, and social sciences; and education, training, and library categories for St. Louis suggests considerable tightness in the area's labor market.
Following a sharp housing-driven slowdown in the first half of the year, online recruitment activity in Phoenix recovered over the summer months, and edged up further in September. As a result, Phoenix is once again an above-average Index market in terms of online job availability. Like many other Index markets, opportunities for workers in education and healthcare is driving online job availability in Phoenix, while IT and other service occupations are also in high demand. However, the stagnation seen over the past year reflects generally slow growth throughout the white- and blue-collar occupations, with perhaps a negative bias towards housing-related and government employment.
In all, 25 of the 28 Index markets are showing increased online job availability on a year-over year-basis. Results for the top 28 U.S. metro markets over the past 13 months are as follows: (See details by month and city)
In an effort to present a single, complete snapshot of U.S. national and local online recruitment trends, the results of the Monster Local Employment Index will be reported each month as part of the monthly findings of the national Monster Employment Index beginning on November 1, 2007. Monthly data table for each of the 28 markets will be made available for download at http://LocaleIndex.monsterworldwide.com on the same day the Monster Employment Index findings are published.
About the Monster Local Employment Index
Providing a broad, comprehensive monthly analysis of online job demand in the top 28 U.S. metro markets, the Monster Local Employment Index is an extension of the national Monster Employment Index, which is compiled each month by researchers at Monster Worldwide, Inc. (NASDAQ: MNST), parent company of the leading global online career and recruitment resource, Monster(R). Based on a real-time review of millions of employer job opportunities culled from more than 1,500 Web sites, including Monster(R), the Monster Local Employment Index presents a snapshot of employer online recruitment activity in the top 28 U.S. markets with the largest working populations.
The Index counts job postings as an indicator of employer demand for employees or, in other words, job availability. Job postings are online advertisements placed by an employer looking to fill one or more vacant, or recently created, job positions. All of the data and findings have been validated for accuracy through independent, monthly third party auditing conducted by Research America, Inc. of Newtown Square, Pennsylvania. Individual Index reports containing data for each of the 28 metro markets, as well as additional information on occupational demand in each area, are now available at http://LocaleIndex.monsterworldwide.com.
About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ:
MNST), parent company of Monster(R), the premier global online employment solution for more than a decade, strives to bring people together to advance their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 Index and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit
Monster
. More information about Monster Worldwide is available at www.monsterworldwide.com.
Expert Advice:
As First Baby Boomers Apply for Retirement Benefits, Lifelong Learning Guru, Retirement Expert and Author Nancy Merz Nordstrom Offers Tips for Optimal Later Living
Nancy Merz Nordstrom, M. Ed., the Author of Learning Later, Living Greater: The Secret for Making the Most of Your After-50 Years (Sentient Publications: ISBN: 1-59181-047-7) says that Baby Boomers should consider three components to make their retirement the very best time of their lives: continued learning, educational travel, and meaningful community service. These three ingredients can provide vital brain stimulation, adventure, and social interaction. A sense of well-being and the spirit of giving back will enable retirees to fully embrace their later years while still enjoying an active exploration of the world around them. The result is a healthy, redefined retirement ripe with possibilities, excitement, and a renewed sense of purpose.
This week, the first of 80 million Baby Boomers will embark on a brand new adventure: collecting retirement benefits. While most of the world is watching to see the impact this milestone will have on the financial markets, many others are wondering what the Baby Boomer generation will do with the concept of retirement. "The Baby Boomers represent a period in America characterized by a bold sense of revolution," says Nordstrom. "They were the pioneers of change in so many ways. Frankly, I don't think they'll stand for the outdated concept of an inactive, sedate retirement that has been the norm for so long."
Not only is the image of a retiree wiling away the hours on a rocker outdated, there's compelling evidence that it's unhealthy as well. Research during the 1990s showed convincingly that a stimulated, actively learning brain may help stave off debilitating diseases like Alzheimers, and others. As a result, many people in their "after-50" years are turning to later-life learning - that is, challenging, non-credit, academic college courses on every topic imaginable, educational travel, and meaningful community service - to keep themselves and their brains firmly in "learning mode."
"The courses are amazing," says Jonah Davis, a lifelong learner in New York. "We have fantastic discussions and debates that really help the material come alive. Taking these courses is probably one of the smartest things I've ever done. And it's actually good for my health!"
Educational travel offers participants a combination of lectures, field trips to back up those lectures, and free time. It's a way for travelers to learn about the history, culture and politics of an area. According to Nordstrom, "These intrepid voyagers are not soaking up the sun on a beach or heading toward the eighteenth hole. They are out and about, learning up close and personal. They're exposed to the history and culture of many places and times, giving them a truly unique perspective on their own place in history."
Another compelling benefit of educational travel is the fact that educational travel programs employ the best professors, instructors and experts at any given location.
"What a joy it is to learn about the many nuances of an area from a local expert," says Nordstrom. "In Austria, I learned all about Innsbruck during World War II from a professor who was actually there. It was the perfect way to learn." Whatever the topic, whatever the area, educational travel programs seek out and find the best people to bring the culture, history and politics of an area to life.
Meaningful community service is the final component of Nordstrom's retirement redefinition hat trick. "Baby Boomers find that they have a lot more time to get actively involved in issues that mean a lot to them," says Nordstrom. "They're used to operating at the grassroots level and then ramping that up to affect real and sustained change. Just imagine the benefit to society of having the wisdom of almost 80 million people at its disposal. It's incredible!"
Whether through social activism or mentoring or volunteer outreach programs, Baby Boomers are embracing the need to give back to society on a truly grand scale. "We noticed the park down the street was old and run down," says Catherine Crosby of Philadelphia. "Now that I'm retired, I had the time to do something about it, so I did. I organized a weekend party to fix the place up. Now the kids have a safe place to play and it's wonderful to hear them laughing again."
Jack Swanson enlisted the aid of two friends to start a literacy tutoring program near Tucson, Arizona. "I grew up reading anything I could get my hands on. It always broke my heart knowing there were people who couldn't escape into the pages of a good book. I wanted to change that, even on a small scale. Now, others are getting involved as well. This kind of change, it's amazing. And heartwarming."
"Baby Boomers who realize that their retirement needn't be the same as their parents are those who are really going to enjoy this period of their lives," says Nordstrom. "Lifelong learning is the fountain of youth for many of them. Taking courses keeps their brains engaged and stimulated. Educational travel broadens the mind and stretches the imagination. And meaningful community service allows them to give of themselves and the wisdom and experience they've gained from a lifetime of affecting change for the better. These three components will help keep anyone feeling young and vibrant. They're retired, yes. But they're not ready to go quietly into the good night."
For more information on lifelong learning, please consult "Learning Later, Living Greater: The Secret for Making the Most of Your After-50" Years by Nancy Merz Nordstrom, M. Ed. (published by Sentient Publications, ISBN: 1-59181-047-7).
Nancy Merz Nordstrom (Email: learninglater @ comcast.net) is a frequent consultant to news organizations and outlets eager to discuss the redefinition of retirement for the Baby Boomer generation. She blogs at numerous websites and is one of lifelong learning's preeminent experts. Her website is located at http://www.learninglater.com
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