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Archive for April, 2017

Lower cuts for Vegas jobs?

Saturday, April 8th, 2017

A new report is out from Challenger, Gray & Christmas about job cuts and takes a look at numerous job cuts around the nation, including Vegas jobs.

Job cuts announced by US-based employers rose 17 percent from the February total of 36,957 to 43,310 in March, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

March announcements are 2 percent lower than the same month last year, when employers announced plans to eliminate 44,207 jobs from their ranks. Last month’s total is the third consecutive month of lower job cuts than the corresponding month a year earlier.

So far this year, employers have announced 126,201 job cuts. Last quarter’s total was 38 percent higher than the 91,303 cuts announced in the fourth quarter of 2016, and 30 percent lower than the same period last year when 180,920 cuts were announced.

“Cuts in the energy sector, which started en masse in mid-2014, were still occurring in the first quarter of 2016. The energy industry is no longer bleeding jobs, which is partly why job cut announcements have trended down,” said John A. Challenger, chief executive officer of global outplacement and executive coaching consultancy Challenger, Gray & Christmas, Inc.

Through the first quarter of the year, the energy sector has announced 7,880 job cuts, 84 percent lower than the 48,901 cuts announced in the first quarter of last year. Since January 2014, the energy sector has announced 224,265 cuts, with 107,714 occurring in 2016.

Retail leads all sectors this year with 38,464 announced cuts, 4,084 of which occurred last month. While retailers have cut over 53,000 jobs in the last seven months, the industry has announced over 121,000 new jobs so far this year.

“Retail is typically an industry in flux, but we’ve seen long established companies close stores and cut workers. The industry, though, is creating openings just as quickly as they are cutting,” said Challenger.

First quarter retail cuts are 19 percent higher than the 31,832 cuts announced in the same period last year.

Telecommunications companies follow retailers with 9,782 job cuts through March, 184 percent more than the 3,439 job cuts announced through Q1 2016.

Is AT&T hiring vets for Vegas jobs?

Saturday, April 8th, 2017

AT&T is making a large effort to recruit veterans and may even be hiring for Vegas jobs.

AT&T has hired over 13,000 veterans since 2013. And AT&T is bolstering military recruiting and retention plans with a goal to hire a total of 20,000 veterans by 2020.

About 65% of AT&T veteran new hires go into technician roles.

“Veterans have a unique combination of self-discipline, teamwork and skills they developed through military service,” said Rick Wilson, director-diversity & inclusion, AT&T. “These allow for a successful transition to a career with AT&T, where many of those values are part of our culture. We’ve made great strides in veteran recruiting. Now we’re growing efforts to retain the veterans hired.”

The AT&T Veterans employee resource group (ERG) this spring is launching a pilot program to support the transition of new hires into AT&T.

The program aims to familiarize vets with AT&T culture – and its similarities and differences from the military culture. Pilot topics will range from chain-of-command to awards and recognition.

The AT&T Veterans ERG, which is more than 30 years old, serves over 10,000 veterans and their families.

This group creates an instant community for vets joining the company by involving them in outreach and philanthropy.

Members have opportunities to interact with senior AT&T leaders and connect across business units.

Employment numbers and Vegas jobs

Sunday, April 2nd, 2017

The new employment numbers show that Nevada’s unemployment has fell, which will affect Vegas jobs.

Nevada’s seasonally adjusted unemployment rate fell to 4.9 percent in February, the first time it has been below 5 percent since November 2007. The jobless rate ticked down one-tenth of a percentage point from January, from 5 percent.

“This is a watershed moment in our state’s recovery efforts,” said Governor Brian Sandoval. “Job levels are at an all-time high. The number of employers is greater than ever before. Our private sector growth is the fourth-highest in the nation with small businesses fueling our revival by contributing nearly 100,000 of the 213,000 new jobs since late-2010. We knew Nevadans could battle through the most difficult of times, but today’s announcement exceeds even my own optimistic goals. This is a great day for the entire state of Nevada.”

February represents the 72nd consecutive month of year-over-year declines in the unemployment rate, down 1.2 percentage points, relative to February of last year, said Bill Anderson, chief economist for Nevada’s Research and Analysis Bureau of the Department of Employment, Training and Rehabilitation.

Additionally, February saw a seasonally-adjusted increase of 3,100 jobs, relative to January.

The construction sector continued to lead the state in terms of percentage growth, year-to-date, up 7.4 percent relative to the first two months of last year.

This equates to an additional 5,400 construction jobs in the state. Leisure and hospitality employment experienced the largest nominal growth this month, adding 8,700 jobs to payrolls year-to-date, for a growth rate of 2.6 percent.

“With the upward movement in employment this month, we are not surprised to see the unemployment rate fall below 5 percent,” Anderson said. “Overall trends in employment have been encouraging during the last several years. The Silver State has witnessed several positive indicators of economic growth. The number of employers in the state is at a record high, while initial and continued unemployment insurance claims have both been trending down and are currently at post-recession lows. This suggests fewer layoffs and a tighter labor market.