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Friday, May 4, 2007

New Job Market numbers out today

The Bureau of Labor Statistics published its latest report today and jobs were added, though not as many as last month, and unemployment is up. Jobs added last month were 88,000 and unemployment is now up to 4.5%. What matters more is that they have revised their previous estimates on new jobs/unemployment so the differences to today are actually more.

Summary: Our economy remains strong, jobs are still being created, just not at the blistering pace they were in the previous 3-6 months. Experts are all over the place but, most are optimistic that the US economy will remain strong and maybe slow a little in the summer.

What this means to you is... Now is the time to find a new job. Lots of volatility means people quitting and getting laid off while new jobs are still being added. All of this is good for you. It means that positions are opening up everywhere and you need to target everyone within reason.

Tip of the Day: Find a new company you never knew of around town and find out what they do. Look on the internet, Hoovers, your local chamber of commerce website or the yellow pages. Look for companies that will employ people like you in similar positions. Odds are that people will be moving around and having your resume in front of HR, even without a solid opening, will only help you!

Check out the BLS report here: http://www.bls.gov/news.release/empsit.nr0.htm

Till next time, Good Luck! Scott

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