Posts Tagged ‘business’
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Colorado’s Small Business Would Benefit From Stronger U.S. Economic Growth
Denver, CO (PRWEB) November 10, 2011
The Vectra Bank Colorado Small Business Index for Colorado measured 114.3 in October 2011, down from a revised 114.8 in September 2011
Colorados unemployment rate was estimated at 8.3% in the latest month, down from the prior months 8.5% rate. Total employment grew by 23,100 jobs during the past 12 months
Improving U.S. economic performance in 2011s third quarter, should it continue, would provide a stronger foundation for growth within Colorados small business sector. Any improvement in what has been to date meager U.S. economic growth would pay dividends for Colorado’s small business sector, says Jeff Thredgold, corporate economist for Vectra Bank Colorado.
The U.S. economy saw a gain of 80,000 net new jobs during October, slightly below expectations. However, estimated job gains of the two prior months were revised higher by 102,000 jobs. The U.S. unemployment rate declined to 9.0%, versus 9.1% in the three prior months
U.S. ECONOMIC GROWTH IMPROVES
According to the U.S. Commerce Department, American economic growth improved during 2011s July-September quarter, especially when compared to the anemic economic performance during the years first half. Slightly softer economic growth seems on tap in coming quarters, however, plenty of obstacles will be faced along the way, says Thredgold.
U.S. GDP, the most inclusive measure of economic activity taking place on U.S. soil, grew at a 2.5% real (after inflation) annual rate during the third quarter, matching the consensus view of forecasting economists. The 2.5% growth pace greatly exceeded the 1.3% real annual growth pace of the second quarter and the pathetic 0.4% growth pace during the January-March 2011 quarter.
Even as economic growth has improved, it still lags the 3.0%-4.0% real annual growth pace needed to bring the nations unemployment rate down from the 9.0% average of the past three years. Slow to moderate growth is the consensus, and recent data has dampened the worst-case views of those economic forecasters calling for an imminent return to recession.
The American consumer spent money more aggressively during the third quarter, with personal consumption rising at a 2.4% rate. Such growth rose at a lesser 0.7% pace in the prior quarter. American businesses also stepped up their spending pace during the third quarter, with investment in equipment and software rising at a 17.4% annual rate, the strongest pace in a year.
The American economy finally exceeded the real pre-recession peak of total economic output during 2007s final quarter. It took 15 quarters to offset the 5.1% decline in output during the Great Recession. This was three times the average number of quarters needed to reach the prior peak in other post-WWII recessions.
The level of U.S. economic performance is a component of the Colorado Small Business Index, as are the performances of the global and Intermountain economies. Stronger performance of any of the three pushes the Index higher.
The Vectra Bank Colorado Small Business Index for Colorado measured 114.3 in October 2011, down from a revised 114.8 in September 2011. The Index measures business conditions from the viewpoint of the Colorado small business owner or manager.
A lower Index number is associated with less favorable business conditions for Colorados small businesses. The Index uses 100.0 for calendar year 1997 as its base year. The Index also includes revisions to various historical and new forecast components as they become available.
IN COLORADO
The Colorado unemployment ratethe most heavily weighted component of the Vectra Bank Colorado Small Business Index for Coloradowas estimated at 8.3% in the most recent month, down from the 8.5% rate of the prior month. The 8.3% rate compares to the 8.8% rate 12 months ago. A lower Colorado jobless rate is a negative contributor to the Index as it suggests decreased access to labor for small businesses. Other associated factors typically tied to a lower unemployment rate, such as greater job creation, greater income gains and higher retail sales, pull the Index higher.
The states unemployment rate averaged 8.9% during 2010, 8.3% during 2009, 4.8% in 2008, 3.7% in 2007, and 4.3% in 2006. Colorados jobless rate averaged 4.6% between 1990 and 2005.
The last 12 months saw an estimated increase in Colorado employment of 23,100 jobs. This increase compares to a revised gain of 20,900 jobs in the prior year-over-year period. Colorado lost 25,500 jobs in 2010, lost 104,700 jobs in 2009, added 19,000 jobs in 2008, added 52,200 jobs in 2007, and added 53,100 jobs in 2006.
These job totals compare to gains averaging 46,500 net new jobs annually between 1990 and 2005. More recently, job gains leading to greater income creation and stronger retail spending, have a positive impact upon Colorados small businesses.
NATIONAL EMPLOYMENT
The U.S. Department of Labor reported a gain of 80,000 net new jobs in October 2011, weaker than the 100,000 net gain expected. However, estimated job gains of the two prior months were revised higher by 102,000 jobs.
The U.S. unemployment rate declined to 9.0% in October, versus the 9.1% rate of the three prior months. The current 9.0% jobless rate compares to the 9.7% rate of one year ago, the 10.1% rate of October 2009, and the 6.6% rate during October 2008.
Goods producing employment fell by 10,000 jobs in October, with a loss in construction (down 20,000 jobs) larger than the rise in manufacturing (up 5,000 jobs) and mining & logging employment (up 5,000 jobs). Private-sector service providing employment rose by 114,000 jobs in October, led by gains in professional & business services (up 32,000 jobs) and education & health services (up 28,000 jobs). Overall government employment fell by another 24,000 jobs during the month.
The U.S. economy suffered a net decline of 3.6 million jobs during 2008, the worst year since 1945. The net loss of 5.1 million jobs during 2009 easily surpassed the 2008 total. The American economy added 940,000 net new jobs during 2010, or 78,000 per month. Gains-to-date during 2011 have totaled 1,256,000 jobs, or 126,000 per month.
Roughly 130,000 net new jobs need to be added monthly just to meet the needs of a rising population, and just to keep the unemployment rate stable. Consistently stronger gains are necessary to lead the unemployment rate lower.
The November 2011 Vectra Bank Small Business Index for Colorado will be released on December 8, 2011.
With more than $ 2 billion in assets, Vectra Bank Colorado is a proactive, customer-focused organization dedicated to real relationship banking. Part of the Zions Bancorporation(NASDAQ:ZION) family of banks, Vectra serves Colorados small, middle-market and corporate business clients with approximately 40 locations throughout Colorado, and one in Farmington, N.M. The banks website address is http://www.vectrabank.com.
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Approximately 50000 jobs were created during the four-week period starting Dec. 24, according to the Intuit (INTU) Payroll Small Business Employment Index. Hiring in December was adjusted slightly upward, to 60000 jobs from 55000.
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Job spotlight: Iris Boyd, retail manager at Verizon Wireless store in …
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Business Buzz: La. 1st time jobless claims decrease – Shreveport Times
January 29th, 2012 | 
Author:
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Business Buzz: La. 1st time jobless claims decrease
Shreveport Times BATON ROUGE — First-time claims for unemployment insurance in Louisiana for the week ending Jan. 21 decreased from the previous week's total. The state labor department figures released Friday show the initial claims decreased to 3343 from the … |
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Stock Market Pullback Likely This Week
The Market Oracle On the downtick: pending/new homes sales, durable goods, leading indicators, the M1 multiplier, and weekly jobless claims rose. On the uptick: FHFA housing prices, consumer sentiment, the monetary base, the WLEI and the GDP. |
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Tops Business Forms Products – Comprehensive Applications For Employment, 25/PK, 11″x17″ – Sold as 1 PK – Pre-employment questionnaire offers the most comprehensive form available, requesting detailed information to aid the best selection of personnel. Conforms to ADA laws. Form asks questions on employment history, references, education, personal information, physical record and check off for special questions. Offers a space for interviewer’s remarks. Page one asks for background information.
Tops Business Forms Products – Comprehensive Applications For Employment, 25/PK, 11″x17″ – Sold as 1 PK – Pre-employment questionnaire offers the most comprehensive form available, requesting detailed information to aid the best selection of personnel. Conforms to ADA laws. Form asks questions on employment history, references, education, personal information, physical record and check off for special questions. Offers a space for interviewer’s remarks. Page one asks for background information.
- Sold as 1 PK
- Manufacturer: Tops Business Forms
- Total percentage of recycled content: 0
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- Country of origin: US
Tops Business Forms Products – Comprehensive Applications For Employment, 25/PK, 11″x17″ – Sold as 1 PK
Pre-employment questionnaire offers the most comprehensive form available, requesting detailed information to aid the best selection of personnel. Conforms to ADA laws. Form asks questions on employment history, references, education, personal information, physical record and check off for special questions. Offers a space for interviewer’s remarks. Page one asks for background inform
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What bachelor degree offers holder best chances for employment, and preparation for going into own business?
Question by Pol: What bachelor degree offers holder best chances for employment, and preparation for going into own business?
We are trying to identify the best bachelor degree for our son to pursue in college starting 2011. Such degree should make him acceptable to most number of jobs available after graduation, and to prepare him possibly for self-employment or for going into own business in the future, and not remain an employee forever. Please advise. Thanks.
Best answer:
Answer by Cala
You don’t need a degree to know to operate your own business some day. But if in terms of employment, it really depends where you are at and what type of economy is working in the region where you live or intend to go. A business degree is always good. But even if you want to do something in the sciences like medicine, you can still operate your own clinic some day as a doctor and you won’t be like an employee. The scope is so wide.
Good luck and hope you make the right choice.
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CAMEO Reports: All Eyes on Very Small Business – Congress Considers 11 Micro-related Bills and World Economic Forum in Davos Discusses Self-employment as Job Creation
San Francisco, CA (PRWEB) January 26, 2012
After researching bills in Congress, CAMEO – California Association for Micro Enterprise Opportunity has found 11 micro-related bills in Congress that will be considered for this session that will help very small businesses. In the same week as Congress goes back to work, economic leaders meet in Davos, Switzerland and one of their four main topics is new models of job creation that includes helping the unemployed become self-employed.
Never before has so much attention been on micro-business in Congress and the streets of Davos, said Claudia Viek, C.E.O. of CAMEO. To have leaders abroad and close to home taking action and discussing ways to foster micro-business, confirms what Ive known for 25 years that micro-businesses create jobs and economic growth.
The founder of the World Economic Forum, Professor Klaus Schwab, writes, The key to mitigating a catastrophic situation is to provide young people with the capability to create their own jobs: to move from the pure concept of unemployment to the concept of micro-entrepreneurship. This will require fundamental changes in educational systems, nurturing a societal spirit of entrepreneurial risk-taking,
Bills that are being considered in U.S. Congress encourage self-employment, provide tax credits for investment, offer access to capital for very small businesses and organizations that provide entrepreneurship training programs. More specifically, the bills would:
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New Recruiting Software Helps Small Business Manage “Resu-Mess”
Lancaster, Pa (PRWEB) January 26, 2012
Todays job market is tough, not just for prospective employees, but for employers as well. Recent studies show that it takes 100 or more applicants to find one qualified candidate. Finding the time to sift through all of the paperwork and emails is one luxury (and skill) few small businesses have these days.
“In response to our clients frustration over this “resu-mess,” says Ira Wolfe, President of Success Performance Solutions, “we are very excited to introduce Prevue APS Pro.”
Prevue APS Pro is a modern, affordable and easy-to-use applicant processing system. It allows small businesses to screen employees faster and hire smarter. This innovative software includes a company career site for applicants to upload resumes, complete applications, submit other job-related information, and more. More importantly, businesses have the ability to qualify candidates using customized job and skill specific questions to weed out the mismatches and duds with a minimum of time and effort.
“Without an APS,” Perfect Labor Storm 2.0 author Wolfe asserts, “small companies tend to avoid using multiple social networking sites like Craigslist, Facebook,and LinkedIn and limit advertising on traditional job boards to curtail the influx of resumes. This is a no-win strategy especially when recruiting skilled workers. Prevue APS Pro allows even the smallest business, who often don’t even have a full time human resources person on staff, to cast the widest recruitment net possible. Companies can also post jobs on nearly a dozen job boards for free and still view all the applicants through one centralized dashboard.
Prevue APS Pro also eliminates wasted time spent on chasing and interviewing unqualified candidates, reducing the cost to hire (estimated to be nearly $ 3,500 per employee according to Bersin & Associates) and improving the quality of hire significantly. It is easily accessible from any computer, available to job applicants and employers 24/7. There is no software to purchase or install.
Prevue APS Pro has been used to recruit all types of positions including Sales professionals, C-level executives, administrative assistants, accountants, customer services representatives, managers, and more. As an added benefit, Prevue APS Pro includes the option to screen candidates with Prevue pre-employment assessments.
Reseller and business partner programs are also available for recruiters, staffing agencies, and human resource consultants.
For more information or to schedule a demo, contact Ira S. Wolfe at Success Performance Solutions or click here.
About Success Performance Solutions
Success Performance Solutions has been helping small and medium size businesses hire and manage competent employees with confidence for over 15 years. They believe that no business is too small to hire and retain the best employees. To accomplish this mission, It offers and supports state-of-the-art online applicant processing software, pre-employment assessments, and performance review systems.
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System Recovery 2011 Small Business Server Edition – Media – CD – Win – Multi
System Recovery 2011 Small Business Server Edition – Media – CD – Win – Multi
Symantec System Recovery 2011 Small Business Server Edition delivers fast and reliable system recovery to help you minimize downtime and meet recovery time objectives with con
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The Better Business Bureau (BBB) has been receiving numerous complaints and inquiries from consumers across the country about fraudulent job offers for positions as “mystery” or “secret shoppers.” Consumers report receiving a letter, generally by …
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I along with President Obama believe that we all deserve a fair chance, access to jobs, good education, fair taxes and an opportunity to achieve the American dream, but every American does not have access to these kinds of opportunities.
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