Job openings top expectations even as rate of hiring slows

Job openings rose 10% in July to a pandemic high even though the rate of hiring saw a sharp slump, according to a Labor Department report Wednesday.

The total for available positions hit 6.6 million for the month, above the 6 million expected from economists surveyed by FactSet. The estimate effectively would have been no change from the June total for the government’s Job Openings and Labor Turnover Survey, which runs a month behind the department’s nonfarm payrolls count.

The openings rate increased from 4.2% to 4.5%, just below the 4.6% level from a year ago.

While job openings surged, the actual hires tumbled from just shy of 7 million in June to 5.8 million in July, a decline of about 17%. The hiring rate as a share of the workforce fell from 5.1% to 4.1%. Though that was a considerable decline, it was just ahead of the 4% level

Read More

Continue Reading

5 Career Questions No One Talks About (But Everyone Thinks About)

With so many books and resources available about how to strive for success, you’d think most people would feel confident about their career journey, blissfully moving from one job to the next, feeling clear-headed and excited. Right?

That sounds ideal, but unfortunately, it isn’t the reality for most people.

No matter how many learning resources are out there, careers are very personal, and you’re bound to face plenty of times of uncertainty throughout the course of your professional life.

Often, when we’re questioning something, we don’t ask it out loud. We keep it locked inside our minds, reluctant to seek advice because we feel as if we should have it all figured out already. We remain silent because we think there must be something wrong with us. 

But here’s the thing: Many people struggle with

Read More

Continue Reading

Reaction to UK finance minister Sunak’s jobs support plan



a group of people standing in front of a store: FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester


© Reuters/Phil Noble
FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester

LONDON (Reuters) – British finance minister Rishi Sunak announced on Thursday a new jobs support scheme that would help firms employ people on shorter hours, but warned he could not save every business or job.

Following is some early reaction:

BRITISH CHAMBERS OF COMMERCE DIRECTOR GENERAL ADAM MARSHALL

“The new wage support scheme will help many companies hold on to valued employees after furlough ends, and the extension of business lending schemes and tax forbearance will lessen the immediate pressure on cash flow for many affected firms.”

FEDERATION OF SMALL BUSINESSES NATIONAL CHAIR MIKE CHERRY

“Today’s support package is the flipside of the coin to Tuesday’s COVID-19 business restrictions.

“It is a swift and significant intervention, extending emergency SME loans, creating new wage support for small employers and

Read More

Continue Reading

Economists and businesses react as U.K. Chancellor Sunak unveils emergency jobs program


Justin Tallis/Agence France-Presse/Getty Images

The U.K. Chancellor Rishi Sunak unveiled an emergency jobs program on Thursday as part of a wider ‘winter economy plan’ to stave off mass unemployment.

Loading...

Load Error

The program, replacing the job furlough one, will see the government support “viable jobs” by topping up the wages of workers on reduced hours in a bid to encourage businesses to retain staff.

It comes after Prime Minister Boris Johnson announced tighter COVID-19 restrictions, including 10 p.m. pub and restaurant curfews, which could last for six months amid rising daily infections.

“The resurgence of the virus, and the measures we need to take in response, pose a threat to our fragile economic recovery,” Sunak told lawmakers in Parliament.

“The government will directly support the wages of people in work, giving businesses who face depressed demand the option of keeping employees in a job on shorter hours, rather than

Read More

Continue Reading

Western Harbour Tunnel set to create 15,000 jobs



a group of people wearing costumes: MailOnline logo


© Provided by Daily Mail
MailOnline logo

Australian jobs have been decimated during the COVID-19 crisis, but a bonanza of work could soon be on the way for those with a trade, as infrastructure spending soars.

The NSW government is hoping to cut a 50/50 deal with Canberra to fund the construction of Sydney’s proposed Western Harbour Tunnel – a move which could create thousands of full-time jobs.  

NSW Transport Minister And­rew Constance has hinted that Scott Morrison may look to announce the mega project in next month’s federal budget, the Daily Telegraph reported.



a person standing in front of a sign: Australian jobs have been decimated during the COVID-19 crisis, but for those with a trade, a bonanza of work could soon be on the way as infrastructure spending soars


© Provided by Daily Mail
Australian jobs have been decimated during the COVID-19 crisis, but for those with a trade, a bonanza of work could soon be on the way as infrastructure spending soars

‘It can generate 15,000 jobs which is critical to our economic future,’ NSW Transport Minister Andrew Constance said.  

‘I’m keen for the

Read More

Continue Reading

‘Buy one, get one free’ airline tickets? Ryanair hopes fliers say yes, as it warns hundreds of jobs at risk


paul faith/Agence France-Presse/Getty Images

Irish airline Ryanair on Thursday launched a “Buy One, Get One Free” offer on its flights for the first time in its history.

Loading...

Load Error

The offer applies to Value Fare bookings and allows travelers to take a friend or family member along on the same flight free.

But consumers will have to be quick. The offer, which expires at midnight on Sept. 24, applies on 1,600 routes across Ryanair (UK:RYA)‘s network and will be valid from Sept. 25. until Dec. 14. 2020.

For the first time in Ryanair (RYAAY) history, we have a “Buy One, Get One Free” offer landing. Anyone would be crazy to miss it,” said Alejandra Ruiz, Ryanair’s head of communications.

The move comes as Ryanair Chief Executive Michael O’Leary said Britain risks losing hundreds of thousands of travel and tourism jobs in the coming months, unless the government offers

Read More

Continue Reading

Irish digital firm confirms 100 new jobs as it reaps the benefits of remote working

AN IRISH digital firm confirmed 100 new jobs as it reaped the benefits of the boom in remote working because of the Covid-19 pandemic.

Taoiseach Michael Martin announced the jobs as he toured the Workvivo facility in Douglas, Cork.

The high end jobs come after a dramatic increase in user numbers for the digital platform firm.

Workvivo has experienced 200pc growth in user numbers with their customers now spanning 47 countries.

Some 40pc of its customer base has joined the platform since March.

Workvivo currently employs 35 staff but predicts its workforce will grow to 135 within the next three years as businesses adapt to a new future of communication and engagement with their employees.

The firm’s platform helps businesses to connect with staff across multiple sites and enables those businesses to engage these employees.

Workvivo’s customers in Ireland include Woodies, Trigon Hotels, Bus Éireann, Irish Rail and UCC.

Globally,

Read More

Continue Reading

New Grads Should Take (Almost) Any Job That Pays

(Bloomberg Opinion) — Today’s young adults are graduating into an uncertain job market, as the pandemic has shuttered entire industries, raised the U.S. unemployment rate to roughly 10% and left a big question mark over when we’ll work in offices with colleagues again.

Many of these grads were probably ready to seek “career jobs” — those that align with an area of expertise and offer security, growth and the almighty benefits package of health insurance, a retirement plan and paid vacation days. Most likely weren’t dreaming about piecing together an income from multiple jobs with no benefits and that don’t require a degree. But the current economic climate might make this reality more likely.

When I graduated nearly a decade ago, the Great Recession was technically over, but the job market wasn’t exactly booming. I had a hard time landing a “career job.” It didn’t help that I was seeking

Read More

Continue Reading

Amazon Warehouse In Bensalem Will Create Over 300 Jobs

BENSALEM, PA — A new Amazon fulfillment center in Bensalem has taken a big step closer to reality.



a large building: Photo of an Amazon fulfillment center located in North Randall, Ohio.


© Rick Uldricks/Patch
Photo of an Amazon fulfillment center located in North Randall, Ohio.

Bensalem Towship Council members last week voted unanimously to approve Amazon’s development plan for the warehouse and property.

Loading...

Load Error

An Amazon representative said the center will create about 315 jobs. About 100 Amazon employees will be working at the warehouse and another 215 are expected to be hired as delivery drivers and managers.

Over the summer, Amazon signed a lease agreement for a warehouse on 3750 State Rd., at Winks Lane, in Bensalem. The 235,240-square-foot warehouse would be a fulfillment center, which is where merchandise is stored and deliveries begin.

The company said it expects some operations at the warehouse to get started by the middle of October and to be fully up and running by mid-February

Read More

Continue Reading

Load More