Tip:
Highlight text to annotate it
X
Welcome to the ILostMyJob.com video podcast providing information and resources
for your Job Transition.
First Outlook News with Scot Combs.
According to research from the Urban Institute, layoff rates are lower for older workers
than younger workers.
But those older workers who do lose their jobs take substantially longer to become re-employed
and are often forced to take deep pay cuts.
For men re-employed at age 62 or older, the new median wage fell 36% below the old.
By contrast, median wages fell only 4 percent for re-employed men aged 35 to 49
and 2 percent for those 25 to 34.
The challenges facing unemployed older workers highlight the need to acquire the tools to
compete in today's job market.
The Urban Institute suggests the US Department of Labor could provide more training and employment
services for those 50 and older.
Five cities where hiring is up and expected to continue rising according to Moody's Analytics
and Monster.com.
Portland is on an upswing thanks to Intel, Oregon's largest employer, which has announced
plans to build a new R&D facility and has invested $6 billion there.
Minneapolis has already recovered more than half of the jobs it lost in the recession.
Two driving forces are manufacturing and retail.
The unemployment rate in Houston doubled to 8.6 percent, still lower than the
national average. Yet oil and energy are keeping and creating jobs.
The growth in D.C. will be driven by the need for business services - office workers for the
many industries
that want headquarters close to the capitol.
And now that people are feeling more confident and willing to spend some money on vacations,
Orlando's job market is growing.
Now off to the numbers. The Bureau of Labor Statistics is reporting regional and state
unemployment rates were generally little changed in December.
20 states recorded unemployment rate increases, 15 states registered rate decreases, and
15 states had no rate change.
Thirty-one states posted unemployment rate decreases from a year earlier,
16 states reported increases,
and 3 states had no change. The national jobless rate fell by 0.4 percentage
points between November and December to 9.4 percent, that's half a percent lower
than in December 2009.
And, Median weekly earnings of the nation's 100.1 million full-time wage
and salary workers were $752 in the fourth quarter of 2010
(that's not seasonally adjusted.)
This was half a percent higher than a year earlier.
To get the most out of your ILostMyJob.com experience be sure to check out the
WHAT'S NEW SECTION; brimming with great ideas and useful information like TEN INTERVIEWING RULES.
thanks for watching.