April 5 (Bloomberg) — Service industries expanded in March at the fastest pace since in more than three years, a sign the U.S. recovery is extending beyond manufacturing and starting to create jobs. The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, rose to 55.4, the highest level since May 2006, from 53 in the prior month. Today’s figure exceeded all forecasts in a Bloomberg News survey. Readings above 50 signal expansion. This is good news. Read the whole article here.
They say employment figures are a “lagging indicator” which is stock market speak for measurements that we look back on for perspective. That is, economic growth happens first, then employment picks up. This makes logical sense because obviously, companies don’t start hiring before new business picks up. But once new orders come rolling in for all manners of products and services, companies scramble to hire in order to accommodate the increasing demand. This is why it is so heartening to see the following chart showing the employment figures over the last two years. Follow me over the jump for analysis. Continue reading…
The following was posted by Congressman John B. Larson, Democrat from Connecticut after last night’s historic passage of health insurance reform. As soon as health care passes, the American people will see immediate benefits. The legislation will:
- Prohibit pre-existing condition exclusions for children in all new plans;
- Provide immediate access to insurance for uninsured Americans who are uninsured because of a pre-existing condition through a temporary high-risk pool;
- Prohibit dropping people from coverage when they get sick in all individual plans;
- Lower seniors’ prescription drug prices by beginning to close the donut hole;
- Offer tax credits to small businesses to purchase coverage;
- Eliminate lifetime limits and restrictive annual limits on benefits in all plans;
- Require plans to cover an enrollee’s dependent children until age 26;
- Require new plans to cover preventive services and immunizations without cost-sharing;
- Ensure consumers have access to an effective internal and external appeals process to appeal new insurance plan decisions;
- Require premium rebates to enrollees from insurers with high administrative expenditures and require public disclosure of the percent of premiums applied to overhead costs.
With unemployment high and so many candidates competing for so few positions, the strength of your resume is even more important than ever. I found this great breakdown of “don’ts” at Investopedia.com a great site for info on basic economic concepts and financial information. While we have done resume posts in the past, this list really gets into some of the mistakes folks have been making lately in their attempts to make their resume stand out against the sea of resumes that recruiters are swimming in.
The New York Times reported over the weekend on an imminent surge in new medical schools to open in the US this year. From that article:
“The proliferation of new schools is also a market response to a rare convergence of forces: a growing population; the aging of the health-conscious baby-boom generation; the impending retirement of, by some counts, as many as a third of current doctors; and the expectation that, the present political climate notwithstanding, changes in health care policy will eventually bring a tide of newly insured patients into the American health care system. If all the schools being proposed actually opened, they would amount to an 18 percent increase in the 131 medical schools across the country.”For some perspective on the significance of this development, follow me past the jump. Continue reading…
Developing time management skills, like any other worthwhile endeavor, requires planning and then lots of practice. But the benefits of mastering your own schedule can be felt in all areas of your life; personal and professional. The overall point of focusing on time management is to become more aware of how you use your time and break your days up between work, study, family, social activities and sleep. Follow me past the jump for some ideas on how to begin the process and practice of better time management. Continue reading…
Is it Monday again? Ugh. If you’re feeling a bit overwhelmed by school, work, life, etc. take a second out for a quick chuckle. Life cannot be so overwhelming when you consider that someone spent a considerable amount of time teaching this elephant to play basketball.
Ahh, a new year has begun and that means the new tax season is upon us. Like many, you may wait until the April 15th IRS deadline for filing. But this year, there are a range of new tax deductions and credits available to students, drivers, homeowners and home buyers. With so much of your money at stake, it may be a good year to start a little early on your taxes so you can spend some time investigating if you’re eligible for any of the new credits or deductions available to taxpayers this year. Did you buy a new car? Are you a full time student? Did you replace appliances, windows or other energy saving items in your home? Do you have children? If you answered yes to any of these questions, there is new information available that can help you make your return fatter. Click here for a good list of all the new credits and deductions.
Great news for health care job seekers: According to an article written in The New York Times, health care employment has increased during the recession, while employment as a whole has declined. The article highlights that regardless of how the current health care reform ends up, industry jobs will likely remain abundant due to the aging population and technological advances in medicine. To access the entire article, click here.