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Filed Under: Mark Anderson

 

The January US Jobs Report reported some good news with the picture showing a real upswing in job creation since mid-2011 and a recovery back to those levels seen early last year:
  • much higher than expected 243,000 jobs created

  • unemployment dipped to 8.3%

  • 257,000 private sector jobs were created in the month (14,000 public sector jobs were eliminated in January)

  • revisions to November also showed an additional increase in jobs created by 60,000

But what does that mean to you?

 

Published on: Monday, January 09, 2012

Jobs Report Shines at Year’s End

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Last month, we reported the significant upswing in our exclusive Recruiter Confidence Index, a trajectory that began in October. For the last nine years, this index has been a leading indicator for the economy and for executive hiring, and Friday's job report reinforced how strongly this indicator has led.

Consistent with what recruiters pointed to in September, and in a big way in our December survey, the employment picture continues to brighten.

 

Published on: Wednesday, December 07, 2011

Jobs Report Shows Black Friday Brought Some Light

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Many economic releases last week supported the notion of continued growth for the US economy. The Purchasing Managers' Report (an indicator of a rebounding manufacturing sector) crossed into expansionary areas. The monthly jobs report showed the private sector added 140,000 new jobs and revisions from prior months continued to show strength.

But, the most important economic releases last week were the retail sales figures from Black Friday and the first holiday sales weekend. They indicated that the consumer was starting to spend — which for the economy has been the missing link for faster growth. Consumer spending makes up 70 percent of the US economy. Over the last three years, they have been deleveraging themselves. The Black Friday reports were the first sign that may be easing.

 

Published on: Tuesday, October 11, 2011

Jobs Report Says Growth is Slow and Steady

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The Labor Department reported last Friday that employers added 103,000 jobs in September. Hiring was stronger than expected and well above consensus and upper range estimates. With 34,000 jobs lost in federal and state governments, private sector hiring increased jobs by a solid +137,000.

With positive revisions to the previous July release (going from +85,000 to +127,000 jobs) and the August release (going from 0 to +57,000 jobs added), there was further good news and strength in the employment situation — though unemployment remained unchanged at 9.1%.

 

 
Friday's jobs report showed an uptick in job creation and the lower unemployment claim numbers released on Thursday were another indicator that the jobs market is not on a downward spiral. This trend may be lost with all the other economic news that surrounded these releases and were clearly disturbing the financial markets over the last week.

 

 
The June jobs report, released last Friday, was clearly disappointing in its aggregate picture. The total economy gained just 18,000 jobs in June, sharply missing most expectations and coming in even weaker than the 25,000 jobs added in May and significantly down from the three months prior, which had averaged over 200,000 jobs created monthly.

If there was any good news, it was that private sector businesses continued to add jobs in June (+57,000) — but again at levels slightly lower than May (+73,000) and significantly lower than the average in February through April. Currently, the private sector continues to show job growth, while the public sector is a clear drag to the overall economic numbers.

 

 
At only 54,000 jobs created, the US jobs report on Friday was disappointing. Private sector jobs increased 83,000 but were still below the average of the first four months of 2011. Economists were expecting approximately 170,000 jobs to be added in May and similar numbers for the private sector.

One month does not make a trend, but the lower number of jobs created certainly shows a loss of momentum. It does continue to reinforce the unevenness of the recovery and shows the economy's continued slow advance against earlier hopeful expectations for a fuller rebound.

 

Published on: Wednesday, May 11, 2011

Don’t Read this Headline

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In case you hadn't noticed, an economic recovery is underway. Albeit, it's slow, but business and hiring growth is occurring. For the 16th consecutive month, ExecuNet's Executive Job Creation Index posted gains, and again, recruiter confidence is high.


 

 
On Friday, the US government released its job report for April, and it was good news. They showed growth in overall job creation in the economy of 244,000 jobs and even stronger private sector job growth of 268,000 jobs. Unemployment increased slightly to 9 percent as more people came back to the job market with the continuing improvement in the jobs market.

It was Mother's Day yesterday, and in deference to this holiday you may have missed some news; here are seven things you might not have heard about that are important:

 

Published on: Monday, May 02, 2011

Back to Basics

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Recently, I attended a breakfast of the Greenwich Leadership Forum, an organization of professionals and business leaders who are striving to be ethical leaders, combining business excellence with wisdom and faith-based and ethical principles. The speaker was Anthony "The Mooch" Scaramucci, who gained recent fame as part of the bidding group for the New York Mets and for the famous Jon Stewart segment last September, which went over 5,000,000 views on YouTube, answering the question Anthony asked President Obama in a town hall meeting: "When will you [President Obama] stop treating Wall Street as a ‘piñata?'" Stewart answered the question: "...until the candy comes out."

 

Published on: Friday, April 15, 2011

Breaking Away to Innovate

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I recently went to a reception announcing the release of Breaking Away, a new book on "how great leaders create innovation that drives sustainable growth — and why others fail." There are many books on innovation, but this one is a keeper. It was written by the Jane Stevenson, Chairman, Board and CEO Services at Korn/Ferry International and Bilal Kaafarani, who has been a "serial" innovator at P&G, Kraft, Pepsi and Coca-Cola.

Stevenson's and Kaafarani's main purpose is to clarify what innovation is and how companies can consistently succeed in making the breakthroughs in innovation that lead to transformational change, revolutionizing an industry, a market or a company itself — the payoff being activating profitable and sustainable growth.

 

Published on: Thursday, April 07, 2011

The Door is Opening for Executive Hiring

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The "job market gained momentum" is the way the media is portraying the positive increase in jobs in March. They were at 216,000 jobs added in March, up from 192,000 in February. The government also reported that unemployment decreased from 8.9 percent to 8.8 percent — its lowest level in two years. These numbers were slightly above market expectations of 195,000 jobs added and unemployment holding steady at 8.9 percent.

The good news is that private sector employment increased even more, adding 236,000 jobs last month. They also raised their estimate of the number of jobs added in February by about 30,000 jobs, from 212,000 to 240,000.

 

Published on: Tuesday, March 22, 2011

Japan and the Global Economy

Posted By: Mark Anderson
Filed Under: mark anderson, economy, tsunami, earthquake, natural disaster, japan
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The aftermath of the Japanese earthquake and tsunami is a tragedy, and the global economic implications at this point are not clear. The ever-increasing human and economic toll on the Japanese people is overwhelming. Our hearts go out to a nation which is dealing with conditions that are almost unfathomable. Homes have been destroyed, communities swept away, loved ones lost, jobs no longer there. This is a disaster of the highest order, and now, despite a cloud of uncertainty around the nuclear plant, attention moves from rescue to recovery and rebuilding.

 

 
President Obama's declaration in his State of the Union address: "This is our generation's Sputnik moment," sent me rushing to Wikipedia, where I learned it was his call to action for innovation. Just as NASA mobilized resources and energy to intensify efforts and be first in the race to space, he said so should Americans take on the challenge to out-innovate the rest of the world.

In this short video interview with ExecuNet's President and Chief Economist Mark Anderson, he explains how our "Sputnik moments" can be tied to individual BHAGS, and three ways to innovate in this job market.

 

 
Since 2010 didn't produce an exuberant recovery, many are already pinning high hopes that the economy and job market will strengthen in 2011, and while it's still early, there are positive signals. Executive recruiters are at their highest registered confidence level since the second quarter of 2008 and fewer companies are expected to eliminate jobs, which bodes well for at least the first half of this year.

On ExecuNet TV, ExecuNet President and Chief Economist Mark Anderson revealed the story behind the stats, where to find opportunities, and how to maximize success in this new business climate. Find out what he says are the things you can do right now to start your career off right in the new year.

 

Published on: Wednesday, October 27, 2010

Will You Be the Next Cliff Lee?

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So far, October baseball has been filled with excitement and controversy, from Roy Halladay's no-hitter to several blown calls by the umpires. This time of year always seems to bring out the best in ball players. The defense is crisper, the fundamentals are executed more consistently, and the intensity is far greater than the regular season.

Regardless of who ultimately wins the 2010 World Series, many of the players participating in this year's playoffs have another goal in mind — free agency, which begins almost immediately after the last ball has been caught. This post-season's prime free agent to be is Cliff Lee of the Texas Rangers, who has a great opportunity to impress his potential employers on the strength of his performance over the coming days and weeks.

 

 
The Bureau of Labor Statistics announced the September job numbers and though the total non-farm employment (-95K) disappointed many, unemployment remained steady as a percentage (9.6 %) and there was private sector employment growth (+64K) with some revisions upward for prior months.

The environment remains "wait and see" until the election or beyond in many respects as companies stay on the side lines with plenty of cash and strong balance sheets and income statements to make a move. It remains all about business confidence.

 

 
Despite the media noise about the broader job market, there continues to be an undercurrent of executive recruiting activity that most people will never read about.

Consider the latest ExecuNet data that reveals 92 percent of executive recruiters believe there is a hidden job market, and the majority of them don't routinely advertise their new and ongoing search assignments on their website or a job board. On ExecuNet TV, ExecuNet President and Chief Economist Mark Anderson breaks the hidden job market down into three components and suggests some tactics for uncovering those opportunities.

 

 
Executive-level hiring forecast by US recruiters remained positive for the seventh consecutive month, with companies expected to add more management jobs than they plan to eliminate in the next six months, according to ExecuNet's July Executive Job Creation Index.

"As job creation continues at a slow and steady pace, the real story is in the amount of quiet hiring going on," noted ExecuNet President and Chief Economist Mark Anderson. "The hidden job market is growing. Half of the hiring reflected in the survey is to replace or upgrade existing roles to fit new corporate growth strategies and talent needs."

 

 
Last week, Liam Denning wrote a very cogent article for the Wall Street Journal "Heard on the Street" column that explained year-on-year comparisons, as the usual measure of progress, are not as relevant today as in the past — particularly when the year in comparison was a real "downer."

"Up 16 percent in housing prices from last year" does not tell the story when prices have flat-lined since May 2009.

 

Published on: Friday, July 23, 2010

Happy Landings

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Every two weeks at ExecuNet, we have a company-wide staff meeting to review what's going on. Besides the bonding it creates among team members, it is a good opportunity to hear member feedback and get the viewpoints from these executives on their marketplace experiences.

Recently, an ExecuNet member wrote in to our Member Services group with what he learned in his job search. He said he started with a belief that it wouldn't take longer than 90 days (at most) to make a change. After all, he was an "A-Player" and never had to look for a job before.

 

Published on: Thursday, July 08, 2010

Slow but Steady

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Listening to the media's analysis of the job reports last Friday, where 125,000 jobs were lost in the economy, reminded me of the old story about the pessimist and the optimist and the glass filled only to the mid-point. Is it "half-empty" as the pessimist would call it or "half-full" as the optimist would?

Pessimists read into the employment numbers, as one Wall Street Journal headline did, that the number just passed "the crash test" — meaning that the numbers were barely encouraging except for those looking for a "double dip" in the economy.

Optimists saw "steady but slow" growth in private sector employment over the past six to nine months, and the wow for them was how much better things were than last year, even as recently as last fall.

 

Published on: Wednesday, June 30, 2010

The G-20s Can’t Go it Alone and Neither Can You

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In Toronto, the G-20 summit just ended with the developing countries challenged to stimulate their economies while controlling government expenditures, focus on creating jobs and preserving a sustainable future.

With many cross currents, an executive job search, or managing one's career, parallels those challenges the G-20 faces in terms of complexity and uncertainty.

Business is changing rapidly, and monitoring market trends and managing a career or a job change in this uncertain environment requires a plan, constant feedback and interim course corrections to continue to move forward toward achieving your goals. You can't be an ostrich today and hope all the bad news will pass you by while you remain unscathed. Nor, can you sit and wait for the perfect job to appear on some job board.

 

 
We talk with executive and corporate recruiters every day, and they tell us the market is improving. We see it in our increased privately posted job listings and also in the increased number of searches that are done through our network using the profiles our members create for themselves. These searches are often for positions that will never be posted.

 

Published on: Monday, June 14, 2010

Some Underpinnings for a Positive Market Tone

Posted By: Mark Anderson
Filed Under: leadership, mark anderson, the economy, innovation, strategy, expert insight
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We saw a great deal in the media about the threat of a "double dip" in our economy.

Bernanke's remarks before Congress this week, expecting 3 percent growth for the rest of this year into 2011, shows we continue to be in a slow growth environment with lots of "noise" but probably not a "double dip."

Anecdotal evidence we received this week also suggests a positive outlook. A team of ExecuNetters covered the HSM's World Innovation Forum that was held in NYC this week. They reported that the world actually was alive and well and returning to basics. With over 900 attendees, the attendance was at an all-time high — more than doubling the prior year. The vibrancy of the discussions and this increased attendance really speak volumes about how business has refocused on innovation and growth — after a hiatus.

 

Published on: Friday, June 11, 2010

Don’t Lose Your Perspective with Last Week’s Employment Numbers…

Posted By: Mark Anderson
Filed Under: mark anderson, the economy
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The release of the US employment numbers last Friday (6/4) disappointed the stock market and media pundits but should not be seen as totally disappointing in terms of long-term trends.

Executive jobs are being created (over 30 percent of companies we survey say they are adding jobs). And, if you average the US job creation over the past several months, it continues to tell a positive story for the economy and employment market — though this remains slow and steady growth.

Our own surveys say recruiters are expecting an 18 percent increase in assignments in the next 12 months.

 

Published on: Monday, June 07, 2010

Good News for Executives and Recruiters: Executive Job Market Rapidly Improving

Posted By: Mark Anderson
Filed Under: mark anderson, the economy
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Companies are hiring now and executive job creation is increasing:
ExecuNet's 3-month Recruiter Confidence Index increased to 49 percent in May (a 20 percent increase since February and is now at the highest level since June, 2008). This tells us that search firms are now getting searches in earnest and companies are consistently starting to hire. Jobs in our network are up over 70 percent from last summer.

 

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