Let’s be clear: there isn’t a lot of great news out there in the job market. If you look at some of the previous definitions of unemployment, the total is higher than the current 6.5%. October’s layoffs continued the 15-month-long decline in the Employment Trends Index and it is now down 11.8% from a year… Continue Reading
Tag Archives: United States
Book Review: The Integrity Dividend
Intellectually, we understand that having integrity is an important value to demonstrate to others. Then we fail in the follow-through to show integrity in the moment. We don’t keep our word on small commitments, or forget our commitment to do something, or don’t think that showing up makes a difference. It does. In “The Integrity… Continue Reading
Career Management Monday, October 06, 2008
As I am writing this, the DOW is down over 500 points from Friday. Asian markets were down and so was Europe. Europe was down because the Union could not come up with an overall agreement on how to bail out banks like what happened here in the US. Like we know what we’re doing!… Continue Reading
Credit Freeze is the Bailout Problem to Solve
It looks like the Senate will be voting on a package soon. Just as a follow-up to my recent posts about the credit crisis, I don’t think most people understand that this isn’t about saving Wall Street. Instead, it is getting enough dollars in the system to free up lending to Main Street. How bad… Continue Reading
Career advice in the face of a meltdown
In predictions, there is this statement when it comes to financials: give them a number or give them a date, but never give a number and date together. I’m not going to guess a stock market number, but since this is a career management site, I think it is important to give you my predictions… Continue Reading
Bailout Plan voted down by House
The US House of Representatives just voted down the bailout plan offered by the Bush administration. The reaction of the US stock market was to drive the Dow down over 650 points, recovering to now down about 500 points. This puts the stock market back to the levels of the year George W. Bush entered… Continue Reading
Career Management Monday, September 29, 2008
This morning I was going to predict that after the Washington Mutual implosion that Wachovia would be next since they are in negotiations to be purchased by Citigroup. Since I’m on the Pacific Time Zone, I woke up this morning to see that Wachovia’s bank operations (not their brokerage and wealth divisions) were already purchased… Continue Reading
US Layoffs hit five-year high
More bad news from the job market. The UPI is reporting that US layoffs have reached a five year high: Job cuts in the United States reached a five-year high in October, a private research group said Wednesday. Downsizing has eliminated 875,974 jobs for the year, 14 percent higher than the total announced job cuts… Continue Reading