In a survey by the National Association of Business Economists, a strong majority of all businesses – fully 58% – reported that they raised the wages they paid to employees in the third quarter, as reported by AXIOS. Nearly the same number say they will raise wages yet again in the coming months. While the news has some positive elements, especially for workers (like the smiling employees above), it definitely has some economists worried.
On Wednesday, the country’s largest payroll processor, ADP, announced that private-sector employers hired 27,000 people in May. This number was a dramatic reversal from their report on April hiring, which said employers added a remarkable 271,000 people. Many economists and market analysts expressed shock at the surprisingly low number.
See more on ADP’s May hiring numbers…[Read more…] about ADP Jobs Report is a Shocker, Seen as a Red Flag
Hon Hai Precision Industry Co., the Apple, Inc. primary supplier better know as Foxconn, has cut more than 50,000 jobs as the pain from the dramatic drop in iPhone sales is taking its toll on the company. Not only that, but the company has fallen short of hiring goals to which it previously committed to the State of Wisconsin – losing major tax credits for this year.
Worse yet, the outlook for the near future, doesn’t look to improve any time soon.
See more on Foxconn’s trouble…[Read more…] about Foxconn Cuts 50,000 Jobs as iPhone Pain Continues
<April 18, 2012> Do you and your friends laugh about the picture of you drunk with the lampshade on your head posted by a buddy on Facebook? Do you tweet rants about your former employer on Twitter? Does your Flickr account include pictures of scantily clad members of the opposite sex? It’s time to take a closer look at your online “social” image…especially if you’re in the market for a job…according to new research by CareerBuilder. [Read more…] about More Employers are Investigating Job Candidates by Scanning Their Social Media Posts
<February 22, 2012> You’d think in this tough economy with high unemployment, job seekers lucky enough to score that much-needed interview would be on their best behavior…wouldn’t you? Well, then the results of the latest CareerBuilder survey of hiring managers will probably make you, like it did me, shake your head in disbelief. [Read more…] about Hiring Managers Reveal Interview Mistakes, and Those That Were ‘Most Memorable’