Reveille & Hyperbole
Metropolitan Area Employment and Unemployment (Monthly) for October 2008. Unemployment rates were higher in October than a year earlier in 361 of the 369 metropolitan areas and lower in 8 areas, according to the Bureau of Labor Statistics of the U.S. Department of Labor. Thirteen areas recorded jobless rates of at least 10.0 percent, while 11 areas registered rates below 3.0 percent. The national unemployment rate in October was 6.1 percent, not seasonally adjusted, up from 4.4 percent a year earlier.
The National Football League (NFL) and Monster, global online career and recruitment resource, have entered into a multi-year unique marketing and sponsorship alliance. Monster will become the official career services sponsor of the NFL and will work jointly to create a customized, year-long promotion slated to kick off at Super Bowl XLIII. The relationship will also mark Monster's return to the Super Bowl for the first time since 2004.
MySplake.com is designed to intelligently match job seekers with positions that match their skill set, personality, and experience. Its system utilizes a unique job matching technology that sorts through various key areas of a candidate's profile and compares it to the required areas in the job posting. The intelligent job matching system then weights the match based on accuracy and relevance using a secret matching system.
HR.com and HR & Benefits Essential have entered into an agreement that will allow HR.com premier members free access to HR & Benefits Essentials' award-winning human resources and benefits library.
Human resources company Adecco has completed its public offer for Dutch staffing firm DNC. Adecco now controls 99.8 percent of the company. No further details were disclosed.
Tis (Always) The Season
Even though employees at the Peer Bearing Co. no longer work for the Spungen family that recently sold the Waukegan-based ball bearings maker, they still received a turkey each this Thanksgiving in keeping with tradition.
But even better was the gift that came in mid-September, when the Spungens threw a party to celebrate the company's acquisition by a Swedish company.
They gave away $6.6 million in year-end bonuses to Peer's 230 employees, decided by a formula based on each worker's years of service.
"My grandfather was always charitable," said Danny Spungen, grandson of Peer founder Nathan Spungen. He said Laurence and Florence Spungen and their four children decided on a bonus formula a year before the acquisition closed.
He said the decision was "a gamble that we would come out OK as well."
Family members signed two thank-you cards to each employee, one in Spanish and one in English, expressing gratitude for "the loyalty and hard work of our employees over the years." Read the full story.
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