Tuesday, December 10, 2013

Five Trends that are beneath the Surface of the November Jobs Report

As the U.S. job market improves, it’s also evolving, with winners and losers. 
Warehouses and trucking companies are doing more holiday hiring than the stores they’re working for. 
Factory workers are getting more overtime, while pay is nearly flat for hotel and restaurant employees. Retirement-age Americans are staying on the job. 
And for people who’ve been out of work for more than six months, the outlook has gone from painful to desperate. 
Here’s a look at five trends that emerge from the November employment report released Friday:
Hiring typically gets a boost from the holiday season. But online shopping has changed the mix. Take a look at transportation and warehouse jobs: Those sectors added 30,500 jobs in November, the Labor Department said. That’s 50 percent more than the November 2012 increase. These are FedEx and UPS gigs— the seasonal workers who ship you the deluxe limited DVD edition of "Downton Abbey."
Amazon alone planned to hire 20,000 additional holiday workers this year, according to the personnel firm Challenger, Gray & Christmas. Last month, the shipping sector added more jobs than brick-and-mortar retailers did. Stores added 24,800, only half as many as in the previous year. 
Still, you might hold off on getting your commercial driver’s license. If Amazon CEO Jeff Bezos can deliver on his now-famous dream, many of those shipping jobs could eventually flow to Bezos’ armada of drones.
Find out the other 4 trends and read the rest of the story HERE.

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1 comment:

RomneyMan said...