Chandler Hill Partners Blog - -
WASHINGTON — The recession gripping the United States for nearly two years is over, but economic growth may be held in check by high unemployment, a poll of business economists showed Monday.
"The Great Recession is over," according to the consensus macroeconomic outlook of a panel of 44 professional forecasters of the National Association of Business Economics (NABE).
"The survey found that the vast majority of business economists believe that the recession has ended but that the economic recovery is likely to be more moderate than those typically experienced following steep declines," NABE president-elect Lynn Reaser said.
More than 80 percent of economists surveyed believed that an expansion has begun, according to poll conducted during the September 2-24 period.
The study also found that the more-than-three-year downturn in the US housing market, epicenter of financial turmoil that slammed the brakes on growth, was very close to ending, with an upturn expected next year, said Reaser, chief economist at Point Loma Nazarene University.
According to the survey, the key areas of concern were the increasing federal debt and unemployment rates, "expected to remain very high through next year."
The unemployment rate was forecast to rise to 10 percent in the first quarter of next year and edge down to 9.5 percent by the end of 2010 while inflation is expected to remain contained throughout next year.
"The good news is that this deep and long recession appears to be over, and with improving credit markets, the US economy can return to solid growth next year without worry about rising inflation," the NABE said.
The stock market rebound was a point of "strong agreement" among panelists, with all the forecasters predicting a gain in 2010 on the back of an increase of 11 percent in corporate profits next year.
They saw the broad S&P 500 stock index climbing 7.5 percent next year.
The US dollar however will soften further this year and remain weak into 2010, the survey showed.
The economists felt that the weak dollar will not reduce the trade deficit further as the relatively stronger US economic rebound elevated import demand. In fact, the NABE panel expected a modest deterioration in the trade balance next year.
The panel upgraded the economic outlook for the next several quarters, compared with the previous survey, Reaser said.
Following a sharp 6.4 percent contraction in the first quarter of this year and another 0.7 percent drop in the second quarter, NABE forecasters expect real gross domestic product (GDP) to rise at an above trend 2.9 percent rate in the second half of 2009.
The NABE also said that lackluster household sector spending was expected to be a drag on the economy, restraining growth of consumer spending, a key driver of growth.
However, in contrast to views of some that the US saving rate was set to rise dramatically over the next few years, slightly more than half of the NABE panel believed that the rate will average between three and five percent through 2012.
The poll also found corporate profits to show "strong improvement," increasing 11 percent in 2010, characteristic of the early stages of an economic recovery.
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Monday, October 12, 2009
Friday, October 9, 2009
Chandler Hill Partners Blog - How much personal info should I post online?
Chandler Hill Partners Blog - -
First, decide how concerned you are with having your personal contact information on the Internet. How important is it for you to be able to "disconnect" your Internet resume when you are no longer looking for work? If resume confidentiality and Internet disconnecting are important to you, we recommend following these tips.
Choose the confidentiality feature when posting your resume online. Also make sure you do not have your personal information in the body of your resume. Replace this information with "Confidential Resume". One other suggestion is to get a separate email address to use for your job search activities. Make sure the email address doesn't contain identifying information like your last name. Then, once your job search is over, you can cancel the email address at anytime.
If controlling the distribution of your resume is important to you, using the confidentiality feature on job boards is key. This way when you have secured a new job your personal information will not be exposed online to other recruiters and hiring managers will not be able to reach you.
Abridged: Posting Online Blog
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'The Distinctive Leader in Executive Job Search and Corporate Outplacement'
First, decide how concerned you are with having your personal contact information on the Internet. How important is it for you to be able to "disconnect" your Internet resume when you are no longer looking for work? If resume confidentiality and Internet disconnecting are important to you, we recommend following these tips.
Choose the confidentiality feature when posting your resume online. Also make sure you do not have your personal information in the body of your resume. Replace this information with "Confidential Resume". One other suggestion is to get a separate email address to use for your job search activities. Make sure the email address doesn't contain identifying information like your last name. Then, once your job search is over, you can cancel the email address at anytime.
If controlling the distribution of your resume is important to you, using the confidentiality feature on job boards is key. This way when you have secured a new job your personal information will not be exposed online to other recruiters and hiring managers will not be able to reach you.
Abridged: Posting Online Blog
Follow Us on Twitter | Job Market News Blog | Become our Fan on FaceBook
'The Distinctive Leader in Executive Job Search and Corporate Outplacement'
Wednesday, October 7, 2009
Chandler Hill Partners Blog - The #1 enemy of a successful job search
Chandler Hill Partners Blog - -
There are many things that can disable your job search. Some are in your control and some are not. The enemy on my mind right now is a sneaky one. It works quietly in the background like a computer virus. Chewing up memory and productivity. It's called Procrastination. Procrastination is damaging the careers, health and savings accounts of millions of Americans. Here are some examples of where and when procrastination can cripple you if you do not act in a job search:
1. Creating a top notch resume and online brand
2. Building a detailed budget for expenses during your transition
3. Drafting and implementing a solid job search strategy
4. Calling and following up with influential networking contacts
5. Getting to important networking events
Now there are many reasons people don't do these things. Sometimes there is a lack of knowledge. Sometimes you forget that this job market is completely different and the old ways of searching don't work. Sometimes you simply put off doing important things. So, how do you battle this beast before it quietly takes your legs out from under you? Take action! Build a specific plan. And surround yourself with people who can help you through the aspects of job searching that you find most daunting.
Abridged: Spinstrategy
There are many things that can disable your job search. Some are in your control and some are not. The enemy on my mind right now is a sneaky one. It works quietly in the background like a computer virus. Chewing up memory and productivity. It's called Procrastination. Procrastination is damaging the careers, health and savings accounts of millions of Americans. Here are some examples of where and when procrastination can cripple you if you do not act in a job search:
1. Creating a top notch resume and online brand
2. Building a detailed budget for expenses during your transition
3. Drafting and implementing a solid job search strategy
4. Calling and following up with influential networking contacts
5. Getting to important networking events
Now there are many reasons people don't do these things. Sometimes there is a lack of knowledge. Sometimes you forget that this job market is completely different and the old ways of searching don't work. Sometimes you simply put off doing important things. So, how do you battle this beast before it quietly takes your legs out from under you? Take action! Build a specific plan. And surround yourself with people who can help you through the aspects of job searching that you find most daunting.
Abridged: Spinstrategy
Tuesday, October 6, 2009
Chandler Hill Partners Blog - Reinvent yourself by building up your strengths
Chandler Hill Partners Blog - -
Revitalizing your career in the middle of a job search involves two important steps: Step 1: Begin acquiring a new skill or refreshing one you already have. You might, for example, take a course in a second language at a local community college or attend a new certification program offered by your professional or trade association. You can choose almost any topic just as long as it will clearly and meaningfully enhance your ability to contribute on-the-job.
Step 2: Add the fact that you're back in school to your resume. Note it in the summary at the beginning of that document and, in its Education section, provide the name of the course you're taking, the institution or organization that's offering it, the formal outcome if there will be one and the term "On-going. Those two simple steps will instantaneously transform you into a new person. They'll enhance your skill set and also demonstrate your attributes to employers.
Most importantly, this course of action will set you apart from other candidates by demonstrating that you have two very special attributes: you understand that in today's rapidly evolving world of work, staying competent in your field is an ever-moving target AND you take personal responsibility for keeping yourself at the state-of-the-art. You recognize the responsibility and accept it.
Peter Weddle, Build Career Fitness
Revitalizing your career in the middle of a job search involves two important steps: Step 1: Begin acquiring a new skill or refreshing one you already have. You might, for example, take a course in a second language at a local community college or attend a new certification program offered by your professional or trade association. You can choose almost any topic just as long as it will clearly and meaningfully enhance your ability to contribute on-the-job.
Step 2: Add the fact that you're back in school to your resume. Note it in the summary at the beginning of that document and, in its Education section, provide the name of the course you're taking, the institution or organization that's offering it, the formal outcome if there will be one and the term "On-going. Those two simple steps will instantaneously transform you into a new person. They'll enhance your skill set and also demonstrate your attributes to employers.
Most importantly, this course of action will set you apart from other candidates by demonstrating that you have two very special attributes: you understand that in today's rapidly evolving world of work, staying competent in your field is an ever-moving target AND you take personal responsibility for keeping yourself at the state-of-the-art. You recognize the responsibility and accept it.
Peter Weddle, Build Career Fitness
Monday, October 5, 2009
Chandler Hill Partners Blog - How to empower your job search
Chandler Hill Partners Blog - -
Job hunting can seem like the most tedious and disheartening task you set out for yourself, especially in this market. It can get to the point where you get so frustrated that you want to give up or you figure, "What's the point?" The trick to job hunting in today's market is to be versatile. Don't follow the same stale standards that everyone's been doing for centuries. Branch out and try new tactics, and learn how to utilize all of your time looking for a job.
One key tip to empower your job search is to read trade magazines. You may be wondering, "What in the world is a trade magazine?" To newcomers, a trade magazine or journal is almost like a secret society where there are industry trends and updated information about what is currently going on in the market. From a learning standpoint, you can get a lot of insight and information about the constantly shifting industries in today's economy by reading them. Many of these trade magazines even post current job openings. Keep yourself in the game by being knowledgeable and also find out who's currently hiring.
Admittedly it takes effort on your part--but it pays off in your understanding about a particular area of the marketplace and who is doing what. Job seekers need to keep their skills current and continue to learn about the marketplace. One of the ways to track this information is by consistently reading trade magazines and journals.
Abridged: HUB Pages
Job hunting can seem like the most tedious and disheartening task you set out for yourself, especially in this market. It can get to the point where you get so frustrated that you want to give up or you figure, "What's the point?" The trick to job hunting in today's market is to be versatile. Don't follow the same stale standards that everyone's been doing for centuries. Branch out and try new tactics, and learn how to utilize all of your time looking for a job.
One key tip to empower your job search is to read trade magazines. You may be wondering, "What in the world is a trade magazine?" To newcomers, a trade magazine or journal is almost like a secret society where there are industry trends and updated information about what is currently going on in the market. From a learning standpoint, you can get a lot of insight and information about the constantly shifting industries in today's economy by reading them. Many of these trade magazines even post current job openings. Keep yourself in the game by being knowledgeable and also find out who's currently hiring.
Admittedly it takes effort on your part--but it pays off in your understanding about a particular area of the marketplace and who is doing what. Job seekers need to keep their skills current and continue to learn about the marketplace. One of the ways to track this information is by consistently reading trade magazines and journals.
Abridged: HUB Pages
Wednesday, September 9, 2009
Chandler Hill Partners Blog - How the web has changed job searching
The Internet has changed a lot of things over the past decade or two--including how we search for jobs. Sure, the basics are the same: Find an opening and apply for it. But the Web has permanently altered the employment process. And with more than 1.2 million info tech jobs lost this year, according to the U.S. Bureau of Labor Statistics, a lot of people are going to be using every tool they can get to find their next job.
While networking is and has traditionally been the best way to find a new job, other effective tools are networking sites like LinkedIn, Facebook and Twitter. Here's how the Web is changing how we look for jobs. Social networking sites are exploding in popularity, as people look to connect with pretty much everyone they know. Facebook claims it has more than 250 million users; Twitter's traffic has grown tenfold in the past year; and LinkedIn is perhaps the most useful of the bunch for job hunting because of its employment and recommendation focused profiles.
Employment-focused Web sites and job search engine sites have been popular as well. At the same time, it's estimated that privately held craigslist will generate more than $100 million in revenue this year. Other job search sites, like Monster.com and CareerBuilder are also seeing huge increases in traffic. The Internet is definitely making a huge impact on how we search for jobs. Those who rely on only one tool will take longer to find a position.
Abridged: Business Week
While networking is and has traditionally been the best way to find a new job, other effective tools are networking sites like LinkedIn, Facebook and Twitter. Here's how the Web is changing how we look for jobs. Social networking sites are exploding in popularity, as people look to connect with pretty much everyone they know. Facebook claims it has more than 250 million users; Twitter's traffic has grown tenfold in the past year; and LinkedIn is perhaps the most useful of the bunch for job hunting because of its employment and recommendation focused profiles.
Employment-focused Web sites and job search engine sites have been popular as well. At the same time, it's estimated that privately held craigslist will generate more than $100 million in revenue this year. Other job search sites, like Monster.com and CareerBuilder are also seeing huge increases in traffic. The Internet is definitely making a huge impact on how we search for jobs. Those who rely on only one tool will take longer to find a position.
Abridged: Business Week
Chandler Hill Partners Blog - Resume tip: Give employers what they want
I've seen it yet again - a functional resume that goes to great lengths to "hide" work chronology and the current job title of the applicant. Of course, this resume isn't producing any interviews, and the job hunter is desperately seeking a critique to identify the problem!
Employers in today's market are savvy, seasoned, and perhaps even a bit weary. They've probably seen it all by now, including resumes that don't give up credible, easy-to-find information in a way that makes sense. So, give them what they crave! Your resume will make an ethical, professional case for you, but only if you "come clean." By this, I mean showing your full work history with descriptions of what you did.
Now, if you have past experience that qualifies you for a new job, but you don't want the employer to miss it, add a Career Achievements section on the first page that shows this information. However, DON'T peel your work chronology off in order to do this! Work history is an important part of your background. Even if your experience seems unrelated. You'll be able to make a connection to the skills needed for the job you are targeting right now.
Abridged: Examiner
Employers in today's market are savvy, seasoned, and perhaps even a bit weary. They've probably seen it all by now, including resumes that don't give up credible, easy-to-find information in a way that makes sense. So, give them what they crave! Your resume will make an ethical, professional case for you, but only if you "come clean." By this, I mean showing your full work history with descriptions of what you did.
Now, if you have past experience that qualifies you for a new job, but you don't want the employer to miss it, add a Career Achievements section on the first page that shows this information. However, DON'T peel your work chronology off in order to do this! Work history is an important part of your background. Even if your experience seems unrelated. You'll be able to make a connection to the skills needed for the job you are targeting right now.
Abridged: Examiner
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