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Reveille & Hyperbole
Employment Cost Index: December 2007
Total compensation costs for civilian workers increased 0.8 percent from September to December 2007, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This was the same increase as the June to September period. Both components of compensation rose about the same amount--wages and salaries rose 0.8 percent and benefits rose 0.9 percent. In the previous quarter, both wages and salaries and benefits increased 0.8 percent. The Employment Cost Index (ECI), a product of the National Compensation Survey, measures quarterly changes in compensation costs for civilian workers (nonfarm private industry and state and local government workers).

The Employment Situation: January 2008
Both nonfarm payroll employment (138.1 million) and the unemployment rate (4.9 percent) were essentially unchanged in January, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The small January movement in nonfarm payroll employment (-17,000) reflected declines in construction and manufacturing and job growth in health care. Average hourly earnings rose by 4 cents, or 0.2 percent, over the month.

TheLadders launches a sister company in the United Kingdom. TheLadders.co.uk "Exceptional Opportunity Awaits Exceptional Talent" for executives and other senior-level management.

AccountingEmployees.com is a recently launched job board from AccountAbilities, an established provider of financial personnel staffing services, professional marketing services, and management consulting services to CPA and other professional firms. The site will be a direct link to accounting jobs that are open throughout the United States, as well as the open positions that are available within its CPA Partner on Premise program.

Nowhire.com, provider of applicant tracking and hiring management systems, announced its Government Edition. The web-based system is designed to help companies meet the Internet compliance requirements of the Office of Federal Contract Compliance Programs (OFCCP).

HR Job mine, a provider of Internet-based On Demand Recruiting Solutions and Resume Mining Tools, has completed its technology integration with CareerBuilder.com, PeopleClues, and Select Pi.

Bullhorn, a leader in On Demand, front office staffing and recruiting software, releases "Get Over Yourself", an interview with Danny Cahill, industry recruiter and president of Hobson Associates, Cahill Consulting, and AccordingToDanny.com. The report reveals secrets of Cahill's strategic methodology to produce a firm full of top billers or performers and discloses their key characteristics. Download the free-with-registration report.

CollegeGrad.com releases its The Top 500 Entry Level Employers for 2008 list. Entry level employers are increasing their hiring by 11.8% in 2008, the largest projected increase in entry-level hiring CollegeGrad.com has seen since 2005: 60% anticipate hiring more college grads this year, 21% will hire the same number and 19% will be hiring fewer college grads. list is available online.

Survey Says
The Spherion Employee Confidence Index, a monthly gauge of overall worker confidence, dropped for the sixth consecutive month, falling 3.4 points to 48.6 in January. The Index declined to its lowest level since the survey started in July 2004 and is 11.5 points lower than the level recorded a year ago. The survey, conducted by Harris Interactive(R) on behalf of Spherion Corporation, reveals that just 16 percent of workers believe there are more jobs available and 9 percent of workers believe the economy is getting stronger, both declining three percentage points from December. Despite the drop in overall confidence, the majority of workers remain confident in their personal employment situation. The percentage of workers, who are confident in the future of their current employer, is virtually unchanged, declining just one percentage point to 63 percent in January, and 52 percent are confident in their ability to find a new job. In addition, 77 percent feel they are unlikely to lose their job in the next 12 months, a slight decrease of one percentage point from December.

Dice, career site for technology and engineering professionals, released the results of its 2007 Annual Salary Survey. The survey of more than 19,000 technology professionals found that average IT salaries in the U.S. increased 1.7 percent to $74,570 in 2007, with experienced technology managers seeing the largest increases. The complete survey results illustrate key technology industry trends and a slower overall growth in salaries versus last year.

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