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The Holidays Not The Time To Break From Job Searching

It may be tempting for those out of work to put the job search on hold during the holidays, but now may be the perfect time to step up that search.

Companies don’t stop looking for employees and if those who don’t put their job search on hold are putting their foot in front of their competitors.’

Read more at cbsdenver.com

 

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Hiring Outlook Brightens As Jobless Claims Fall

A steady decline in the number of people applying for weekly unemployment benefits is the latest signal that the economy has strengthened and businesses may be poised to step up hiring.

Applications fell last week fell to a seasonally adjusted 381,000, the Labor Department said Thursday. That’s the lowest level since late February.

And a four-week average for applications, which smooths week-to-week fluctuations, fell for the ninth time in 11 weeks to an eight-month low.

Read more at cbsnews.com

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Americans Borrow More Heading Into The Holidays

Remember when everyone said that a financial crisis would cure Americans of their credit habit? WRONG! U.S. consumer credit in October was up for the second straight month, with both revolving (mostly credit cards) and non-revolving (student and auto loans) increasing.

The Federal Reserve said that total consumer credit increased $7.65 billion, or an annual rate of 3.75 percent; revolving credit was up $366.2 million, or an annual rate of 0.6 percent; and non-revolving credit gained $7.28 billion, an annual rate of 5.25 percent.

Read more at cbsnews.com

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Postal Service Cuts Mean Slower Mail In 2012

Unprecedented cuts by the cash-strapped U.S. Postal Service will slow first-class delivery next spring and, for the first time in 40 years, eliminate the chance for stamped letters to arrive the next day.
The estimated $3 billion in reductions, to be announced in broader detail later Monday, are part of a wide-ranging effort by the Postal Service to quickly trim costs and avert bankruptcy. They could slow everything from check payments to Netflix’s DVDs-by-mail, add costs to mail-order prescription drugs, and threaten the existence of newspapers and time-sensitive magazines delivered by postal carrier to far-flung suburban and rural communities.

Read more at cbsnews.com

 

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Jobless Numbers Lowest Since March 2009

 The U.S. unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

The Labor Department said Friday that the unemployment rate dropped sharply to 8.6 percent last month, down from 9 percent in October. The rate hasn’t been that low since March 2009, during the depths of the recession.

Read more at cbsnews.com

 

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