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| November 10, 2008 | ||||||||||||||||||||||||||||||||||||
Attracting Geezers? Right off the bat, the notion of attracting Geezers sounds questionable. On the other hand, attracting experienced, well trained talent that has been around a while does sound pretty good. (Read more) Reveille & Hyperbole Productivity and Costs (Preliminary) for Third Quarter 2008.The Bureau of Labor Statistics of the U.S. Department of Labor reported preliminary productivity data--as measured by output per hour of all persons--for the third quarter of 2008. The preliminary seasonally-adjusted annual rates of productivity growth in the third quarter were: 1.3 percent in the business sector and 1.1 percent in the nonfarm business sector. In both sectors, productivity gains were smaller than in the first two quarters of 2008, and were the result of hours at work falling faster than output. In manufacturing, productivity changes in the third quarter were: -1.0 percent in manufacturing, 3.3 percent in durable goods manufacturing, and -7.3 percent in nondurable goods manufacturing. Employment Situation for October 2008. Nonfarm payroll employment fell by 240,000 in October, and the unemployment rate rose from 6.1 to 6.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. October's drop in payroll employment followed declines of 127,000 in August and 284,000 in September, as revised. Employment has fallen by 1.2 million in the first 10 months of 2008; over half of the decrease has occurred in the past 3 months. In October, job losses continued in manufacturing, construction, and several service-providing industries. Health care and mining continued to add jobs. New London, Connecticut-based JobTarget wins Tech Top 40 award for the Fastest Growing New Media/Internet/Telecom company in Connecticut, with revenue growth of 633 percent over the past 4 years. The winners of the Tech Top 40, sponsored by accounting firm UHY LLP, were announced at a recent Connecticut Technology Council event. Job cuts are in the works at Kenexa. The HR and talent management services firm that it plans to cut 12% of its global work force to reduce costs. Scottsdale, Arizona-based Information Technology Toolbox, an online board designed for IT professionals, is changing its name to Toolbox.com and adding a human resources component. Brokerhunter.com launches BHTV, designed to be a source for employment-related information in video format focusing on employers and jobs in Financial Services, including banking, insurance and securities sectors of Financial Services; including financial advisors, Registered Investment Advisors (RIA's), private/personal bankers, insurance advisors, insurance agents, life and health agents, property and casualty insurance agents and other back office and support personnel. Welcome to geezer hell: the workplace. From the Grand Junction Sentinel. November LINE (Leading Indicators of National Employment) finds that employment expectations in the U.S. manufacturing and service sectors hit a 4-year low in November, highlighting a deteriorating economic environment. The Society for Human Resources Management (SHRM) employment expectations index for the manufacturing sector declined 39 points in November compared to the same period last year, while the services index slipped 32.6 points, painting yet another grim picture of the shrinking labor market. According to the survey, 27.2 percent of respondents in the manufacturing sector expected hiring to increase, while 24.7 percent predicted a decrease. In the services sector, 28.6 percent of respondents were optimistic about hirings, while 18.7 percent expected a decline. That resulted into a net increase of 9.9 percent, down from a net of 42.5 percent in November last year. The survey also found that for the first time in 4 years the manufacturing sector had little difficulty in recruiting high-level personnel, further evidence of how weak the labor market has become. New-hire compensation growth slowed down sharply in both sectors, suggesting that the majority of companies are keeping wage and benefits packages flat for new employees, according to the survey. Permalink . -. Today's In depth News . -. Send To a Friend . -. Feedback News Contact Send your Company News to Polly Tasker for inclusion in The Bugler. Community Based Contribution In a new feature, interbiznet is going to follow local community based organizations every month. We feel these times ask us to connect and network locally across markets and mission statements. (Read more.) Donate $25.00 today!
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