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Outlook News a weekly update presented by ILostMyJob.com and CareerCenterToolBox.com
providing Information and Resources for your Job Transition here's Scot Combs.
The economy could be largely blamed for the 2.5 million executives pushed out
of the work force,
but why are still so many looking for work?
It's not just the recession, and it's not really about the age of the executive.
Times have changed.
Executives can no longer expect to be tapped by a high-end search firm for their next job.
It's their responsibility to craft and manage their online presence -
correctly positioning themselves to be found, validated, and interviewed by employers.
The president of executive search firm Devon James Associates, Colleen Aylward,
says Today's employers are not hiring 'Chiefs of Generally Everything' or executives who
'think it would be fun or the next great challenge,'
or people with 'transferable skills'.
Employers are hiring niche authorities, plug-and-play specialists -
those who have fixed the same problem many times in different ways.
Ms. Aylward has even written a book about it called, FROM BEDLAM TO BOARDROOM.
As we passed the official kick-off to summer getaways with Memorial Day weekend,
a recent study from CareerBuilder shows financial constraints and demanding work schedules have
some workers foregoing vacation plans this year.
24% of full-time workers reported they can't afford to take a vacation in 2011,
that's up from 21% last year.
Another 12% reported they can afford a vacation,
but don't have plans to take one this year.
ForeclosureDataOnline.com reports that Georgia, Colorado, New Jersey, Wyoming, Alabama and Alaska
showed increases in foreclosure listings from March to April.
Experts suggest that the slight rise in the preceding month has to do with the continuous
flow of foreclosures that have been stuck in limbo
while courts and lenders wade through the many filings
to ensure that all paperwork was correctly
and accurately completed.
Now, off to the numbers.
Regional and state unemployment rates were generally little changed or slightly lower
in April.
39 states recorded unemployment rate decreases,
3 states and the District of Columbia registered increases, and 8 states had no change.
The national jobless rate edged up by 0.2% between March and April to 9%,
which was 0.8% lower than a year earlier.
In the week ending May 14, the advance figure for seasonally adjusted initial unemployment claims
was 409,000,
a decrease of 29,000 from the previous week's figure of 438,000.
The 4-week moving average was 439,000, an increased of 1,250
from the previous week's average of 437,750.
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