December 7, 2014 |
The nation's businesses added a whopping 321,000 jobs in November, demonstrating strength in the job market. But Kenny Dubin, who runs a recruiting company in Bala Cynwyd, didn't need Friday's report from the U.S. Labor Department to evaluate the economy. "October and November were the two best direct-hire months in the history of my company," said Dubin, chief executive of the Dubin Group, founded in 1998. Not only did the nation's payrolls add 321,000 jobs in November, beating expectations, but the Labor Department revised data from earlier months, adding 44,000 jobs to the numbers reported in September and October.
November 23, 2014 |
I spent the first six months of the year hearing real estate agents complain there just wasn't enough for sale to satisfy prospective buyers. The supply shortage - that is, a shortage of houses that buyers wanted, houses that were up to date and properly priced - lasted well past the spring selling season ending June 30. And it was widespread. For "Town by Town" in the Sunday Business section, I visited 26 municipalities and neighborhoods in eight counties, and of the 75 real estate agents and builders I interviewed, all but two started the conversations lamenting a shortage of listings.
October 30, 2014 |
It has been a rough two years for Scott Smith of National Park since he lost his job in manufacturing. However, he remained optimistic Tuesday alongside the other hopeful candidates who filled the Collingswood Grand Ballroom at the Camden County Job Fair. "I'm looking for anything," said Smith, 55. "Two years is a long time. " While the attendees looking for a job represented a wide spread of age and education levels, the potential employers were no less diverse. More than 100 companies, from newspapers to Pepsi-Cola, were looking for candidates to hire.
September 17, 2014 |
DENISE THOMPSON used to think she had the most stable job in the world - working on an overnight shift at a large Mellon Bank office in Center City, processing checks. It was what she did five nights a week for 17 years. Then one evening in March 2009, the company told her and her co-workers it was laying off her entire shift, due to both the Great Recession and changes in check-processing technology. About 5 1/2 years later, Thompson - now 49, living in West Philadelphia - never found another job. At first, she said, she wasn't looking too hard for new work because she lives mortgage-free in a home that she'd inherited from her mom. But soon, the everyday bills began to pile up. When she finally hit the job market in earnest, she learned that her experience in check-processing didn't match well with the few openings that were out there - and the longer she went without a job on her resume, the fewer responses she got. "I thought for sure that my skills could transfer," Thompson said, although she now thinks her lack of customer-service experience has held her back.
August 5, 2014 |
The unemployment rate ticked upward 0.1 percentage point to 6.2 percent last week, and July marked the first time since 1997 that the United States has booked six consecutive 200,000-plus months of payroll growth. In other words, "we're in the midst of the best labor market conditions in more than a decade and a half," Janney Montgomery Scott's Guy LeBas, chief fixed income strategist, noted Friday. Better job markets could mean rising interest rates, and in that environment, floating-rate bond funds are a decent place to invest, says Bradford Bernstein, senior vice president of wealth management in UBS's Philadelphia office.
August 3, 2014 |
U.S. payrolls grew by 209,000 jobs in July - less than expected, but still enough to begin to erase the jobs deficit created by the recession, the U.S. Labor Department reported Friday. Even the rising unemployment rate, which ticked up by a tenth of a point to 6.2 percent, is an indicator of growth. That's because, to count as unemployed, a jobless person must actively be seeking work. As employment prospects improve, some people who had been sitting on the sidelines may reenter the labor market and start sending out resumés, but may not immediately find work.
May 4, 2014 |
While she's been at college, senior Stefanie Lechner, 23, has been watching the economy. "It doesn't frighten me," she said Friday, less than two weeks away from graduation from Temple University. Maybe it's because of Friday's champagne-popping report from the U.S. Labor Department - an unemployment rate of 6.3 percent in April, the lowest since September 2008, when it was 6.1 percent, and a not-shabby payroll expansion of 288,000 jobs. That being said, Lechner, graduating with a degree in therapeutic recreation, will soon begin an unpaid internship - a career step she believes will lead to full-time employment in the same organization by year's end. "It's a great opportunity," she said.
March 16, 2014 |
Campus Philly was created in 2000 amid hand-wringing over the Philadelphia region's bumper crop of college graduates leaving the area, diplomas packed in their suitcases. Then, the organization's job was to sell the city to students in the hope that they would stay. With the city's popularity growing among young people, that sale has been made, said Deborah Diamond, the organization's president. Now, she said, the 392,491 students enrolled in 101 area colleges are asking, "How can I stay here?
March 13, 2014
ATTORNEY General Corbett accepted $600,000 from Jerry Sandusky's Second Mile Foundation as he was running for governor, during which time he let Jerry himself run free. Gov. Corbett later awarded Second Mile a $3 million grant. Gov. Corbett accepted lavish gifts from people who later landed lucrative state contracts. He attends gala birthday soirees in his honor hosted by gas companies. Gov. Corbett boasts that he reduced unemployment. He does not mention that the labor force was reduced as 74,000 Pennsylvanians exited the job market in 2013.
January 23, 2014 |
Villanova University Law School said Tuesday that it would double the number of full scholarships available to members of the incoming 2014 class, to as many as 50. The scholarships would cover the full three years of law school, said dean John Y. Gotanda. Law schools nationwide have been under pressure to recruit new students as applications have fallen in the face of declining job opportunities for newly minted lawyers, and many have cut their enrollments in recognition of that trend.