Number of job openings hits record high in America
WASHINGTON, D.C. -- Good news if you are on the hunt. Job openings surged to a record high in July even as hiring fell, signaling a tighter labor market that's expected to soon push up wage growth. Employers advertised 5.8 million jobs, up from 5.3 million in June and the highest on records dating to 2000. Professional and business services added 122,000 openings; trade, transportation and utilities, 73,000; and leisure and hospitality, 69,000.
The number of hires slipped to 5 million from 5.2 million, according to the Job Openings and Labor Turnover Survey. As the unemployment rate falls to near-normal levels, many employers are struggling to find workers -- a dilemma some economists attribute to mismatches between the skills of unemployed workers and employers' needs. The jobless rate was 5.3% in July and dropped to 5.1% in August.
The number of people quitting jobs declined by 43,000 but remained at a solid 2.7 million. Quits typically indicate a healthy labor market in which workers feel confident enough to leave one job for another. And in a sign that leverage is shifting to employees, there were 1.4 unemployed workers for each job opening in July. Despite the tightening market, growth in average hourly earnings has remained modest, though it ticked up to 2.2% annually in August from 2% in June, perhaps signaling a coming acceleration. The Labor Department reported that employers added a solid 245,000 jobs in July, revising up its previous estimate by 30,000.
Work smarter and land a job over the competition
LOS ANGELES, CA -- These days, to land a job over the competition, you have to work smarter. The hard part is to get your resume read by the right people at the right time. Good jobs aren't on the market very long. To succeed your resume has to be available to the employer the moment they decide to fill a position.
One easy way to be found by employers who are looking to hire someone with your skills, is to post your resume on all the top job sites and niche job boards. This is a proven, documented method of successful job searching. While it may take a fair amount of time to find and fill out the forms of all these sites, you will definitely multiply your chances of landing a job.
If you want all the benefits without all the work, you can let a service like Resume Rabbit do it for you. You fill out one simple form and they'll instantly post your resume on up to 92 top job sites like Job.com, CareerBuilder, CareerCast, Dice & more. Then you'll be seen by over 1.5 million employers & recruiters daily. It takes ONLY 5 minutes and saves 60 hours of research and data entry. Instantly post your resume on all the top job sites to find a job faster.
Job seekers over 50 should be open to new possibilities
PITTSBURGH, PA -- For individuals over 50, diving back into the job market can be so daunting that many give up on their former careers entirely. "When the recession hit in 2007 and 2008, companies started limiting their costs and a lot of people in their 50s and 60s were laid off. And unless they have special skills that no one else in their industry has, it becomes more difficult to find another job," said Blake Nations, CEO of Over50jobboard.com.
The Bureau of Labor Statistics notes that in 2007, workers over 50 earned $605 per week, notably less than median earnings of $695 per week for all workers. Despite the pay gap, the bureau predicts workforce participation by those ages 55-64 will jump 36.5% between 2006 and 2016. The number of workers ages 65-74 is expected to spike by 80% during the same period.
Mr. Nations said finding a new job in one's profession after 50 is a steep uphill battle - but not impossible. Older job seekers in larger cities have a better shot than those in small towns. Those who network beyond email, who conduct research on the company, and those whose wardrobes include "conservative yet contemporary" clothing will also have a better chance of creating a good impression. Even with those tips, older job seekers need to be patient and open to new industries.
Google Alerts can help you land a job
MELBOURNE, FL -- When it comes to cracking the hidden job market (where openings aren't advertised), knowledge is king. That's why Google Alerts should be part of your job search tool kit. Set up Google Alerts to notify you of companies likely to hire you or that you are interested in. Examples of such companies would be those expanding into new territories or growing in revenue. Make a list of these companies and search for projects they might be working on that align with your background.
Specializing in the Oracle sector? Set up Google Alerts to notify you of growing IT companies in the Oracle sector (e.g. growing+IT+companies+Oracle). This way, you will receive notice on a weekly or biweekly basis presenting you with new opportunities. Connect with key decision makers within your list of companies on LinkedIn and follow them on Twitter. Cultivate relationships with them, as if you are building relationships for an organization.
Engage in comments and posts from your target industries on LinkedIn. Tweet interesting topics pertaining to your industry on Twitter. Yes, job searching is like a full-time job. Send your value proposition letter along with your new branding resume compelling them to contact you. Sometimes it is about quality targets instead of the number of companies to which you send your resume. It only takes that one offer to be on your way to your first day at your new executive position.
Free critique with an experienced resume writer!
NEW YORK, NY -- Did you know that the average job opening has 250 applicants competing for it? What's worse is 70% of those applicants will be eliminated from the candidate pool by an applicant tracking system. That means that only 30% of applicants make it to the desk of hiring managers. But, wait. It gets even worse!
Hiring managers use the 30 second test to eliminate 80% of the remaining candidates. That means, that on your first pass in front of the eyes of a hiring manager, you have less than 30 seconds to impress them. Career professionals like to call this the "applicant black hole." What many people don't realize is that they aren't even getting their resume into the hands of hiring managers for reading! What can you do to avoid the black hole?
Well, for starters, you need to realize that it isn't your skill-set or your accomplishments that are ruling you out, it's your resume! A self-written resume has a 6% chance of being read. A professionally written resume has a 60% chance of being read and generates 2-3x as many interviews as a self-written resume. The Career News has arranged a special deal with TopResume and is offering free resume evaluations. Their resume experts will read your resume and give you actionable tips that will instantly make your resume more professional. Get your free-resume critique from an experienced resume writer.
5 Ways to crack the hidden job market
NEW YORK CITY, NY -- 1) Change the way you network: Make networking a habit, not something you do only when you need a job. Forward articles that may be helpful to your network and pass on job leads. Share about the kinds of positions you're looking for, and the employers or fields that interest you. Then follow up.
2) Join a professional networking group: Network with your fellow job seekers. Join nationwide or regional job search support groups. To find a local job search support organization, check your local paper or the library for a list of upcoming meetings. 3) Contact employers directly: Figure out who the hiring manager is and be bold. Email or call to introduce yourself and explain how your background and experience would be useful there. Use LinkedIn to get introduced to the decision maker by one of your connections. It's always best if you get referred to them.
4) Sign up for Google News Alerts: This way, you'll be among the first to know when one, say, leases additional office space, signs a big partnership deal or receives a new round of funding. These are all signs the firm or nonprofit might be hiring soon. 5) Attend a Trade Show: Trade shows and conventions are ideal places to mine the hidden job market, make new contacts, learn about unposted openings, help you get interviews and provide access to influencers with hiring power.
Get help finding a recruiter in your industry
LOS ANGELES, CA -- When looking for a job, you may want to consider networking with a recruiter. Recruiters, otherwise known as head hunters or search consultants, are hired by companies to find candidates for them, and often know about unadvertised jobs in the hidden job market.
It's important to note, that recruiters do not charge the job seeker. The company pays a fee, typically when a candidate is hired. When contacting a recruiter send a resume and cover letter just as though you were applying for a job. If a recruiter calls you, always call back - even if you are not currently job hunting. You never know when circumstances might change and you might need job search assistance.
If you don't know of any good recruiters and/or want to instantly have your resume sent to 1000's of recruiters that specialize in people with your skills, we have a suggestion for you! One service, Resume Mailman, can email your resume to 1000's of targeted recruiters. Resume Mailman asks you to fill out some general information and input your resume. Then, your information is delivered to recruiters who specialize in finding jobs for people with your skills, in your area! To network with recruiters in your industry, give Resume Mailman a try today.
Tips for keeping your job search going
LEXINGTON, KY -- Here are a few suggestions to address long-term unemployment. Address the resume gap and account for all your time during your unemployment. Volunteer, attend a class or start a small business. Be creative in your daily routine. Whatever you do, get active and stay involved.
Get aggressive. Don't take a break while between jobs. You have to position yourself to bounce back quickly. Take time to be sad and/or angry, but understand that your full-time job is to find a new job. Get focused and stay dedicated to the goal of getting employed. Network. This is the most critical strategy and it must be used immediately. Start networking with family, friends, high school or college alumni; former colleagues, and referrals via LinkedIn and other social media outlets.
Anticipate the important question and be prepared to answer this question: Why have you been unemployed so long? Don't get defensive, but rather be prepared to discuss your volunteer work or projects that you've been working on since being out of work. Consider job relocation. Depending on your location and how long you have conducted the job search, it might be time to consider expanding your job hunt into other markets. Take time to evaluate what it would take for you to relocate. This can be a difficult decision, but your delay can affect you financially and emotionally.
Career Tools Highlighted in This Issue:
- Post Your Resume On All Top Job Sites
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- TopResume: Get A Free Resume Critique Today
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- Work With A Recruiter In Your Industry
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