Jobs of the future, have already surfaced in the United States of America. A lot of activities that the workforce carries out today are going to become automated in the times to come. Several new advancements in machine learning and artificial intelligence are the way forward for the workforce of the future.
Automation-enabled technologies such as robotics and artificial intelligence will increase productivity among the workforce. This, in turn, will boost the economy and also strengthen the way tasks are carried out on a day to day basis.
The United States saw one-third of new jobs created that never existed before, in the last 25 years. These jobs are in hardware manufacturing, app creation, IT systems, and IT management. Jobs of the future will incorporate a lot of digital technology and will also create new forms of entrepreneurial activity. Also, people working in small businesses and the self-employed will benefit from higher income opportunities in jobs of the future.
Here are some essential statistics on the future of the workforce:
According to the World Economic Forum, sixty-five percent of children who enter primary school today will get jobs that currently don’t exist.
The Bureau of Labor and Statistics stated that by 2020 there would be 1.4 million open computing jobs, but only 400,000 graduates in science will have the necessary skillset.
Accenture states that Artificial intelligence can double annual economic growth by 2035 and also bridge the nature of work between man and machine.
Adobe researched 4,000 office workers who believed technology makes them more prolific, improves work-life balance, and also helps connect with co-workers better.
Mckinsey believes that between the time frame of 2016 and 2030, the demand for social and emotional skills will expand in various industries in the United States by 26%.
Exciting Trends on How the Workforce Is Changing
Organizations will be more fluid and dynamic; companies will see a rise in project-based teams that are incredibly vibrant and could work from any location globally. Also, a lot of generation Z employees will be interested in acquiring multiple roles from one place of employment.
A lot of independent players such as Etsy, Uber, and Upwork are shaping the way gig economy functions.
With the advent of internet access and mobile technology, remote workers are prevalent even today. The future employee need not be in the same location as the job. This will make work extremely efficient & convenient for an employee to live anywhere in the world, rather than find a job and move to a city where the job is located.
Desire to work
For employees to be happy in their respective jobs, they will need something more than a paycheck to keep them happy. A lot of employees in the future will want the latest technologies and gadgets to help facilitate the work from home options and lots more. The future employee will also want personal development opportunities to help get the best out of them.
Upskilling is the only way forward for an employee to survive in this dynamic workforce. Employees will have to learn new skills and be extremely adaptable to any situation that comes their way. Technology will continuously update, and employees will need to change with the times.
What You Need to Do to Prepare for the Jobs of the Future
The jobs of the future will require individuals to work on personal attributes like emotional intelligence, social intelligence, passion, creativity, and imagination. Individuals need to act and get involved in lifelong learning, so they are ready to change at any given point of time.
Individuals need to invest in new skills. Employees need to have a diverse set of work experiences and take the initiative to shape their career paths.
On the other hand, employers need to think in a broader perspective about the process of recruiting new employees. Companies need to evaluate skills like problem-solving, emotional intelligence, critical thinking, and creativity.
The jobs of the future are going to be extremely dynamic. The future employee needs to be prepared for this change and be extremely versatile. It’s definitely going to be very exciting to see how future jobs will shape the current workforce. To sum up, upskilling and staying updated on the changing trends is the way forward.
Are you on the job hunt and not hearing back from the companies you applied to? Well, they could be numerous reasons as to why you do not hearing back from jobs you applied for. Not knowing where you stand in your job search can be pretty stressful for you. The uncertainty on whether you should keep applying for more jobs or wait for a response from previous interviews and positions you applied to is the real challenge.
If you’re in such a position where you lack clarity, its best to keep chugging along and apply to more companies out there, the more companies you apply to higher the chance of you getting hired and landing that dream job.
Here are some reasons we’ve listed out why organizations don’t get back to applicants :
The Company Size Matters
It’s always polite and the correct thing to do for companies to inform potential employees whether they are selected or not. Many large companies do have adequate software and resources, which makes it easier to notify applicants whether they are selected or not. On the other hand, smaller companies lack resources and reserves in place to inform candidates whether they are the right fit or not.
Your Resume is Not the Right Fit
You might be the right candidate for the job, but your resume does not show it. You should frame your resume to display the best skill set that you possess. It’s also not a bad idea to frame your resume based on the job description for every job you apply to. This increases your chances of getting an interview call and getting that dream job.
Your Resume Format is Incorrect
If you’ve sent out a resume that is not correctly formatted and includes typos and errors, there is a high chance you will not receive a call from the company. You must know your resume is your first chance to leave a good impression on your potential employer.
The Documentation Could be Incorrect
You may not have submitted the required documentation the company asked for. For e.g., it could be anything ranging from a cover letter, writing samples, or references. Applicants should know this if a potential employer asks for any documentation regarding a job prospect, you must submit the information. This improves your chances of getting a job.
Change in Hiring Plans
Companies can change hiring plans at any given point in time. The required position which a candidate applied for may not be needed anymore. Or budget concerns may have delayed the hiring process currently. The management may have changed, or an internal candidate may have been hired for the role.
Not hearing back jobs you applied for can be frustrating. What you need to do is be patient and keep applying to other companies. Another thing you can do is follow up by calling up the company or sending an email to know where you stand. If you are unemployed currently, fileunemployment.org provides job seekers with relevant information about UI benefits present in each state in America. Information on our site helps job seekers connect with your nearest unemployment office and also provides a list of phone numbers.
April 2018 marks the 107th month of the current economic expansion that had begun in June of 2009. This expansion surpassed what was previously regarded as the second longest economic expansion in US history from February 1961 to December 1969. With the assumption that this economic performance continues, the record low jobless rates in 14 states will become part of the second longest economic expansion in US history.
Fourteen states have set new records for low unemployment rates in the previous year, which is nearly a decade after the recession that left a large populous of Americans unemployed. States that hit the new unemployment low are Hawaii (2.1%), Idaho (2.9%), Kentucky (4%), Maine (2.7%), Mississippi (4.5%). Oregon (4.1%) and Wisconsin (2.9%)
The State of California as well set a new record last month. The unemployment rate of the Golden State stands at 4.1% according to the unemployment situation a bi-monthly report published by the United States Bureau of Labor Statistics. That’s the lowest rate recorded since BLS began keeping track of state-level unemployment figures in 1976. It’s a third of the 12.3% unemployment rate California notched at the height of the recession in December 2010. Among the other states to reach an all-time low is Colorado at 2.6%, Alabama at 3.7%, Texas at 3.9%. All these states have attained an all-time low in comparison to the 8.3% they averaged during the recession period of December 2010.
In terms of the remainder of the 14 states with the low unemployment rate, Tennessee has fallen to the lowest unemployment rate it has ever measured, 3.3 percent, in January. Hawaii’s unemployment rate is the lowest in the nation. Idaho, Iowa, Maine, Nebraska, New Hampshire, North Dakota and Wisconsin all have unemployment rates lower than 3%.
It seems likely that the current economic and job growth continues well into next year. It also depends on a major trade war or other major economic/political risks that would derail the expansion. May of 2019 will be the 121st month of the current expansion and will break the previous record 120-month expansion from March 1991 to March 2001. In the meantime, the two important economic milestones outlined above of record jobless rates in more than one out of four US states. Along with surpassing the previous 106-month record for the second longest uninterrupted period of economic expansion in US history. The decline in unemployment rates is a reason for the public of the United States should rejoice!
An unemployed youth is one who does not have a job, but actively seeks for one based on their educational qualifications. The United Nations categorizes a person as unemployed on the basis of one who is qualified, willing and able to work, but does not find any job based on their specialization.
According to the United States Bureau of Labor Statistics, the unemployment rates among persons between 16-24 years stood at 9.9% in February 2017 and 8.8% in May, 2017. However, there was a gradual drop in youth unemployment that stood at 9% in February, 2018.
Causes For Youth Unemployment
1. Frictional Unemployment
Frictional unemployment happens when workers leave their jobs to find new ones. In most cases, it is a voluntary decision which can result in layoff or termination of the employee. Here, the word friction is referred to the time, effort and expense that a worker takes to find a new job. It is unavoidable because it is integral to a job search process.
Reasons for Frictional Unemployment
- Some unemployed persons have saved enough money and quit their job due to having enough financial resources to keep them afloat.
- When new workers enter the workforce
- When job-seekers re-enter the workforce. These are people who went through a period in their lives when they decided to stop looking for jobs. There could be multiple reasons for a person to quit a job. Some cases include raising children, getting married and taking care of the elderly.
Frictional unemployment can be reduced by bringing better information about jobs to the workers. In a booming economy, usually jobs are in a higher supply. Often employers have a hard time finding qualified candidates. In the expansion phase of the business cycle, workers feel more confident to quit their job in search of a better one.
2. Structural Unemployment
Structural unemployment is a form of unemployment that is generally caused by a mismatch between the skills that workers in the economy can offer and the skills demanded by employers. It usually occurs due to technological changes that make the job skills of workers outdated. Structural unemployment happens due to non-tailored education to fit individuals to the labor market. As a result young people find it hard to find jobs according to their specialization.
Reasons For Structural Unemployment
- Advancements in new technologies, may cause a decline in existing industries. This could be based on using robots and advanced technology that minimizes jobs
- Another reason for structural unemployment, is that it can be highly evident in a place where there are technically advanced jobs available, but the workers lack the skills to perform them
3. Cyclical Unemployment
Cyclical unemployment occurs only when workers lose their jobs because of down turns on the business cycle. It is generally considered to be the major cause of high unemployment. Unemployment gradually recovers from the recession and soon the unemployed have more chances of getting hired. Cyclical unemployment is temporary depending on the degree of recession or depression in a country. Review your unemployment eligibility with our Eligibility Calculator.
Reasons For Cyclical Unemployment
- Cyclical unemployment results from a large drop in demand. It usually starts when a consumer demand for goods and services drop, business revenues decline, etc. Once companies are affected by such problems, workers are given layoffs.
- Cyclical unemployment occurs when there is not enough demand for goods and services in the economy at large to provide jobs.
How To Curb Youth Unemployment In America?
Student Exposure On Industry Needs
Ensure that university students are exposed to industry needs and the current labor market. This will help them find careers that suit their interests while making the best use of their skills. Students who have this exposure will be able to explore several career options during college through internships, apprenticeship, job shadowing, and classroom-based community projects.
With the evolving nature of industries, the market labor requirements also changes. Universities must keep up to this changing trend by altering the academic curriculum and look at how it will cater to various industrial requirements.
Thus, the academic curriculum must be revised and focused towards the practicality of industrial standards. The immense reliance over classroom methodology and theory extincts students from a practical formula of knowing how to progress in an industry.
Post Secondary Partnerships By Colleges
Some universities and colleges in the US have started to provide students with real-world applications and work environments. One such example is Oregon University’s Sustainable Cities initiative.
Here, university students have to partner with business leaders and local government officials to create a business plan and solution to real problems in the line of sustainable cities, transportation, infrastructure and city planning. This initiative exposes students to a practical level of industrial requirements and makes them ready for the job without undergoing any industrial training.
Industry Skills And Programs For Students
Programs that are aimed to focus on industry standards, based on innovative practices to connect students to employers, before they get a job will drive them to a practical forefront.
A university or college that responds quickly to industry needs will not just attract individuals seeking for an employment, but will also attract companies looking for professional development opportunities for their employees.
For example, companies like Modern Technology Council and General Assembly collaborate and work with students after they have completed their formal education. This is an exercise to help them improve their skills needed to be ready to enter into the industry of their choice.
Training For Workforce Demands By Colleges
Companies tie up with colleges and universities to provide recruiting requirements and in due course of time, the university trains students on basis of industry curriculum. This type of an academic progress will help update and revise educational syllabus to suit it to industrial standards.
History Behind Youth Unemployment In US
The United States government began tracking unemployment officially in the 1950s, but estimates before the 1950s was assessed. The Great Depression of the the early 1930s had an employment rate of 23.6% which is considered the highest till date. The country’s lowest rate was 1.2% in 1944 during World War II, where the economy was over driven. The lowest rate of unemployment seen in the United States post World War II was 2.9% in 1953.
In total, the United States has witnessed 11 recessions since 1948 (Postwar period). During the 1980s, the unemployment rate reached a peak of 10.8% and then fell to 5.3% at the end of President Ronald Reagan’s second term. In 1992, it again rose to 7.5% under George H.W. Bush.
The Great Recession pushed it above 10% and stayed above 8% until September, 2012. Some economists state that, the proposal of the American Jobs Act by President Barack Obama, if enacted, would have brought the rate of unemployment below 7%.
Solve Your Unemployment Woes with File Unemployment
Since the job market has been steady, look at boom-towns and other options to help define you grow your career. If you are still unemployed and willing to work then you should use the Benefits Calculator. Read about the the base period and the qualifying wages and the duration of receiving benefits and the amount of weekly benefits based on your state. We’re all ears to listen to your queries on American unemployment and you can share your suggestions in the comment section.
Artificial Intelligence is set to change the landscape of the job market by cutting jobs, adding Artificial Intelligence (AI) related jobs and ensuring that the workforce continues to reskill themselves. After all, AI was developed based on the theory and the development of computers that are able to perform tasks that require human intelligence. This could be visual perception, decision making, speech recognition, and translation. This term was coined in 1956 and has now become popular based on advanced algorithms, data volumes, and significant improvement in storage and computing power.
During the 1950s, AI revolved around symbolic methods and problem-solving. In the 1960s, the US Department of Defense started training computers to mimic basic human reasoning. It was the Defense Advanced Research Projects Agency that did street mapping projects in the 1970s. In fact, DARPA had intelligent personal assistants in 2003 way before Cortana, Alexa, and Siri. This resulted in automation and formal reasoning that computers possess today. This includes smart search systems and decision support systems that will complement and augment human abilities. AI technologies have now been able to help specific benefits in all industries like healthcare, retail, and sports.
Trends in Artificial Intelligence
AI is the new technological frontier, countries, and companies are working hard to gain control of this emerging technology. Alphabet has invested $30 billion and Baidu set aside $20 billion to develop AI technologies. Goldman Sachs suggests that self-driving vehicles will make 25,000 truckers lose their jobs every month. Similarly, large warehouses can now operate with just a dozen people and this is set to affect nearly 1 million packers and pickers in the US.
Companies like Amazon Robotics are using a combination of advanced robotics and a combination of artificial intelligence to help big-box retailers with logistics solutions. DARPA, the organization behind the internet and GPS navigation is currently working with Boston Dynamics to create robots for disaster relief and also worked on the Atlas robot.
Earlier, publishers would spend hours and even days to create content for their website and social media. Wibbitz allows publishers to create videos in minutes and the Associated Press uses a tool called Wordsmith to create news stories based on earnings data. In 2018, you can expect more media professionals and companies to use natural-language and video-generated technologies.
In 2017 alone, there were over 20 million Amazon smart speakers sold and this is without counting the number of Google Home and Apple Airpod devices. By this, you can imagine the number of Americans that can control their homes by interacting with technology by using voice commands. By the end of 2018, consumers should be able to interact with smart assistants that will be integrated with smartphones, televisions, and computers. This is great news for data scientists that will see a growth of over 2.7 million jobs by 2020. These AI jobs would be required to enhance AI machine-learning requires probability to determine the proper decision and answer for a given problem. The platforms require more data to make better predictions. With the growth of the company, it will make it more cumbersome to analyze data and hence there is a need to hire data scientists to handle large data sets to aid these AI platforms.
Robotic Automation and AI
Today robotic automation has grown to be a disruptive force. Even now two-thirds of Americans feel that robots would perform most work done by humans in the next 50 years. In addition, nearly 80% feel that their current jobs will most probably exist in their current form within the same timeframe. The recently concluded World Economic Forum suggests that automation including AI would result in the loss of close to 5 million jobs globally by 2020. Similarly, the International Labor Organization states that nearly 137 million workers in countries like Philippines, Thailand, Cambodia, and Vietnam which accounts for 56% of the total workforce of the countries would be displaced by robots. These workers are mainly from the garment manufacturing industry.
But on the contrary, Genpact CEO NV Tyagarajan feels that there would be a sizable number of jobs that this technology would create. From data suggested by the Robotics Industries Association, it reveals that robots are likely to become the workforce of tomorrow. Within the first half of 2016, North American robotics technology vendors sold 14,583 worth over $817 million to companies across the world. More than 265,000 robots would be deployed at factories across the country and placing the US in third place when it comes to robotics deployments after China and Japan.
Robotic automation requires servicing and programming with the help of high-skill jobs for technicians, programmers, and others. This will create a new set of high-skilled jobs but for every job created by robotic automation, several thousand jobs would be eliminated and this would be disruptive to any workforce.
You should know that by the end of 2018, one-third of robotic deployments would be smarter, more efficient and would be able to collaborate with other robots. This would allow them to work safely alongside humans. In early 2019, there would be a Chief Robotics Officer for 30% or more of the world’s leading companies. Several governments around the world will have drafted or implemented specific legislation surrounding robots and safety, security and privacy. When the year 2020 approaches, average salaries in the robotics sector will increase by 60% and nearly a third of the available jobs in robotics will remain vacant due to a shortage of skilled workers in this sector.
The field of robotics favors Trump as he pledged to bring back manufacturing to the US. But on the downside, it would not help in bringing back jobs for lower-skilled workers. Corporations can mitigate against increasing labor costs in the US without compromising on profit margins to automate low-skilled jobs. This means that this can bring back manufacturing back to the US or create new jobs but not both together.
AI and Employment
Since millions of jobs would be at risk and the worldwide employment crisis looms at large, the only logical thing to do is to enhance the education of tomorrow. This means that people would have to learn about AI and the robotic workforce. In some markets that have unstable employment, developed nations look to science, technology, engineering, and math or STEM graduates to stay competitive.
2017 is the year of the hype cycle for emerging technologies as AI will automate 1.8 million people out of work by 2020. While job losses generate the most interest among the headlines, losses only tell a part of the story. But once you review the possibilities of AI, you will come to know that it will create 2.3 million jobs by 2020 with a net gain of 500,000 jobs.
In time, you would question how many companies would successfully deploy AI and not replace the human workforce. This means that in time, it would help humans be faster and more productive. The notion of technology being a killer of jobs has plagued the job market for several years. Automation has made it cheaper to produce fabric and led to more customers. This, in turn, drove demand and the product. Since the job changed, during the industrial revolution, there has been no shortage of work for semi-skilled labor. While 21 percent viewed AI as something to excited about, 17 percent felt it would be disrupting and enabling, while 9 percent felt AI would displace most jobs in 10 years.
There are a number of positions that are developing around AI. This includes data scientists, AI trainers, capabilities related to modeling, computational intelligence, mathematics, machine learning, linguistics, neuroscience, and psychology. AI will take on more work that we currently handle, constantly learn and adapt to new skills which will be the same for every worker to maintain their job. The challenge now is how is AI related to the change in the scope of human jobs in the light of AI’s automation and autonomy. Though the potential effect of AI on jobs includes job losses, it would also require a number of AI-related skills. You should also know that AI cannot completely replace human judgment. AI is today, just a manifestation of an ongoing workplace evolution. Since the industrial revolution, there are many innovations that are associated with the transition period of temporary job loss. This is then followed by recovery and the business transformation. In a similar manner, AI would likely follow suit. Moving forward workers and leaders looking at AI as a robot would steal jobs and hence should start looking at intelligence augmentation (IA). To mitigate this issue of having a lack of well-trained professionals, businesses should look inward and enforce reskilling and on-the-job training. In time, staff trained in AI would be able to focus on critical activities which in turn would boost productivity.
The Employment situation is a monthly report provided by the US Bureau of Labour statistics. The report mainly consists of data which involves the unemployment rates in the country. This unemployment rate research takes into account all factors such as unemployment in the terms of ethnicity, race, gender, age and industry. The report also examines the improvement/decline in wage among companies. While the report does provide the data, here are the important highlights simplified to make it easier to understand for the common reader.
Current Unemployment Rates
The employment situation in the United States remains unchanged for the fourth consecutive month at 4.1 %. In terms of the number of people, that too remains relatively unchanged with 6.7 million people unemployed.
When it comes to the major working groups, the black community had a rise in unemployment to about 7.7% while unemployment among the whites decreased to 3.5%. The jobless rates remained similar to that of last month with adult men (3.9%), adult women (3.6%), teenagers (13.9%), Asians (3.0%) and Hispanics (5.0%).
In terms of long-term unemployed i.e people who haven’t been employed for 27 weeks or longer. it was changed to 1.4 million and accounts for 21.5% of the overall unemployed.
However, persons employed on a part-time basis for economical purposes remained at 5 million, which was the same in January 2018. These individuals would prefer to work in full-time jobs but were given only the options to work part time or full time with major cutbacks to hours.
200,000 jobs were created in the month of January for Non-Farm employment. Employment continued to rise in food services and drinking places, healthcare, construction, and manufacturing.
Construction had increased their tally of jobs by 36,000 jobs in January. Most of this boost in jobs comes from Specialty trade contractors (+26,000) while employment in the residential building construction rose by 5000. Over the year, the construction sector has set about the creation of 226,000 jobs.
Employment in the food services and drinking places sector rose by 31,000 in the month of January. Over the past twelve months, the industry managed to provide 255,000 jobs.
The Healthcare industry continued to rise in terms of job creation in the month of January with 21000 jobs. 13,000 of which were jobs created in hospitals. Healthcare added in an average of 24,000 jobs this past month.
Employment in the manufacturing sector continues to be on an upswing with +15,000 jobs. The durable goods industry has also been on the rise with an increment of 18000 jobs. Manufacturing overall has brought in 186,000 jobs over the past 12 months.
Employment in other major industries, including mining, wholesale trade, retail trade, transportation and warehousing, information, financial activities, professional and business services, and government, changed little over the month.
Increase in Wage Rates
Industries in the US brought in 200,000 jobs which were more than the 180,000 jobs that were predicted. An example of this is the rise in hourly wages by 2.9% yearly in comparison to January of last year. In terms of monthly raises, it has increased by a good 0.3%. This means that the promised growth and recovery from the recession periods are finally starting to show in American wage pockets.
Many employers believe that since most of their competitors are providing equivalent wages, employees are leaving their jobs in order to gain more convenience. This has to lead to employers in the US to not only increase hourly wage rates but to improve the quality of the job. Employers intend to curb their attrition by giving employees more valued work and training in multiple skill sets.
According to the NY Times, it’s to be believed that unemployed people with a criminal background will not find it extremely difficult to gain employment. This acceptance of unemployed persons with criminal history mostly pertains to fast food restaurant chains, megastores, etc., where the skill requirement is very low.
While the unemployment rate remains at 4.1% for the past four months, it isn’t a bad phase. This is because the current unemployment rate is at an all-time low. The last time unemployment rates were low was over a decade ago in 2007. Since then, Unemployment rates have climbed dangerously and then slowly trickled down to the rate it currently is.
According to the New York Times, the new tax reform legislation pitched by Congress and signed by U.S President Donald Trump has encouraged employers and companies to increase wages of their employees and also provide them with bonuses. It is believed that not much can be predicted over the long-term consequences of the recent US tax reforms but for the moment, the employees have everything to gain.
When it comes to employment or more specifically finding a job, there are many aspects of your life that you’d need to polish up.This is to ensure that all your positive traits and skills are highlighted by your potential employer. You may have the perfect tie and suit for the interview, a perfectly presented resume, certificates and awards to boost your chances, but one aspect many forget to clean up is social media.
A nationwide survey by careerbuilder.com revealed that 39% of employers comb through their candidates’ social media profiles before selecting them. This means that 2 out of 5 of your potential employers determine your employability based out of your social media profiles. Out of 10 employers in a company, 3 of them are solely hired to screen through the social media profiles of their potential candidates.
Now based on this survey many points arise on what one should or shouldn’t do when it comes to having a presentable social media profile. So here are a few things you’re probably doing that is costing you that dream job!
Deleting Your Social Media Profiles
You might think that this is the quickest and easiest fix when it comes to cleaning up your act online. It Isn’t. In fact, this does more harm than good. 50% of employers do not consider candidates who simply are ghosts online. They feel that the candidate is untrustworthy if he’s so scared to be seen in the public eye.
Some organizations do even have access to your supposedly deleted social media profiles, so there’s pretty much nowhere to hide. Also deleting your profile days before applying for a job is perceived as a suspicious activity. Employers have experts who are equipped to still gather information about you even with your profile deleted
Having a social media profile basically is key for employers to get a glimpse of your personality. A persona could be the key to nailing a job or losing a job as well.
This is a no-brainer, but using a lot of profanity and cuss words depict poorly when it comes to your employer. The employer gauges the kind of language as a depiction of your temperament and in some cases your maturity. A candidate who uses a lot of cuss words on social media is usually considered as someone as aggressive, which is not appropriate for a workplace.
Alongside the use of bad language, employers keep a close eye on your grammar. Grammatical errors in your Facebook posts or tweets play a huge role when it comes to employment. This is because you can always have someone make a polished and refined resume and have the most beautifully structured cover letter. Won’t you see that level of flowery language on your facebook post, do you?
Your social media posts depict your level of literacy and give an insight of how well you can articulate and communicate. So poor grammar is an absolute no when it comes to keeping your social media profiles clean.
Watch Your Content
Potential employers also keep a keen eye on the type of content you post. Provocative, Inappropriate images and text will certainly send you to the bad books of your potential employer. This is because hiring you would make you an employee as well as a representative of the company to the outside world. Posting negative and controversial content on social media brings the company in a negative light, this is why most employers don’t entertain candidates with such content on their profiles and feed.
Pictures Featuring Drug and Alcohol Abuse
While employers don’t encourage their employees to drink or use drugs, they certainly will not tolerate such vices in a potential candidate. So any imagery, videos or posts related to your drunken revelry or experiments with drugs would be an instant rejection from your potential employer. As you would expect, posting pictures or videos indulging in such vices depicts in your personality and that is something which employers do not expect out their employees.
Announcement of Political Allegiance/Political Posts
Most organizations do not have any political bias or allegiance to any political party. Hence employers also look out for posts which are extremely supportive or negative towards political parties. This is because hiring a candidate who tends to propagate a certain political party would lead to the candidate unintentionally presenting the company he works for to have a political bias.
This should come as a no-brainer to you. Sexual Harassment, Sexist comments, racism, and racial slurs are now shunned upon and are regarded as condemnable offenses. Naturally, employers and hiring organizations would not like to employ a candidate who indulges in spreading hate through racial slurs or makes demeaning statements to women.
Companies also do not hire candidates with sexist and racist ideologies because of how they might behave with their colleagues at the workplace. Sexual harassment cases and arguments over race has cost many companies their reputation and a lot of money in lawsuits and damage control. The same applies to candidates who tend to demean and belittle people belonging to a different religion than theirs.
Talking Ill of Your Past Employer
No one likes it when someone airs dirty laundry. The same goes for your future employer. Your future employers don’t take too kindly if they find posts of a candidate ranting negatively about their previous employer. This makes the candidate look disloyal as well as unreliable. It also presents the candidate as selfish and someone who is unwilling to align with a company’s goals.
It’s apparent that each employee at a company has a unique experience with his employer, and this experience does not represent how a company treats all its employees. So when an ex-employee begins to negatively rant about his/her past workplace, future employers see someone who would try to tarnish their reputation if they were to be hired and fired.
Divulging Company Secrets
Another issue which future employers have with candidates is when they divulge company secrets on to the public. Every company has its own rules, guidelines, and policies. Divulging them in a public space leaves a company vulnerable as well embarrassed in front of other corporate companies. This also tells the employer that the candidate is unreliable with sensitive information and cannot be trusted.
Faking Online Presence
Even when you have cleaned up your act online, and got the job! It doesn’t end there. More than half of the country’s companies (51%) still use social media to research on their current employees. So just because you’ve got the job, doesn’t mean you’re out of the woods and can go back to posting the content you used to post before you got your job. Employers still do check on their employees via social media to fare how they are doing. There have been many cases where activities on social media have led managers to fire their employees because of the content that has been posted.
But one should remember. Employers aren’t looking online at their candidate’s profiles only to find dirt and not offer them a job. Employers also tend to look for qualities and posts that show off the candidate’s skills and its relevance to the job at hand. So while you can cut down on the fluff on your social media profiles, you could practice pushing good organic content and writing posts and comments that compliment your skillset.
When it comes to combing through social media accounts of potential candidates, they aim to look for skills, habits, and behavior that seem appropriate for the type of job requirement and whether it aligns with the workplace. They also look for unique skills that make the candidate more marketable when it comes to getting a job. So it is rather best to explore new skills as they only serve as added perks when looking for a job of your choice.
So when it comes to nailing that job and working towards the American dream, it doesn’t stop with just a perfect cover letter and resume and a fine dress code. Your online persona requires a professional revamp as well. Hopefully, you realized the mistakes you were making above and rectified them and are now ready to be the eager boy scout like an employee that your future boss expects you to be! Now fine tune that social media persona and go get em, tiger!
When it comes to the unemployment rate in America, it is based on the percentage of the total unemployed labor force throughout the country. This helps in reviewing the country’s economy through the years. With this, we understand that unemployment rises during recessions and falls on the rebound. You should know that unemployment declined during the 5 US wars and mainly during World War II. But quickly after the wars ended, there was a spike in recession. During the Great Depression, America faced its highest rate of US unemployment at 24.9 percent in 1933. While in 1931 to 1940, unemployment was more than 14 percent and remained in single digits till 1982 when it rose to 10.8 percent. It was during the Great Recession of 2009 that the annual unemployment rate reached 9.9 percent in 2009.
You should know that the lowest unemployment rate was 1.2 percent in 1944. But, you should know that unemployment can get lower based on economic policies and the outcome of companies gaining a foothold in new countries. This means that for a healthy economy, there should be a natural rate of unemployment that should follow.
This is usually because people move before they settle down in their new job. Otherwise, they get retained for a better job or stay unemployed and look out for work and wait for the right job. Even when the unemployment rate is 4 percent, it can be tough for companies to expand since they would have a hard time recruiting new good workers.
Unlike previous years, unemployment is now at a 44 year low at just 4.1% with several proactive measures brought in to ensure a higher minimum wage and employment opportunities for all.
Since unemployment cycles coincide with business cycles, job employment solely depends on whether there are enough good candidates to fill these vacancies. You should know that slow growth hampers employment and in fact causes high unemployment. With the decline in the gross domestic product, businesses will have to lay off workers. This will make jobless workers spend less. Now with lower consumer spending, there is a significant reduction in business revenue in this time period. This forces several companies to make more payroll cuts to reduce their costs and the downward cycle on workers is simply devastating.
Remember that unemployment rate is used as a lagging indicator. What this means is that it continues to worsen even as economic growth improves. Companies are hesitant about hiring workers back only when there are sustainable growth and a stable upward trend. That means that when the unemployment rate reaches 6 percent, the government will have to step in. Based on the turn of events the Federal Reserve uses expansionary monetary policy and will lower the federal funds rate. When the unemployment continues, Congress will step in to use its fiscal policy. It can create jobs for public work projects. It can also stimulate demand by providing extended unemployment benefits. The main way to ensure a healthy economic growth rate is by ensuring that there is a steady increase by 2-3% to create 150,000 jobs.
Just so you know! There are only two ways to get a country back on track.
Countries either choice the usual route of a monetary policy which is a quick fix where money is pumped in to drive growth. Otherwise, the more difficult fiscal policy is used to stimulate the economy with tax spends.
Monetary policy is usually the first solution for a quick and effective method. A lower interest rate will make it easier for families to borrow and solve their needs. This includes items like homes, cars, and electronics. It will stimulate enough demand to put the economy back on track. With a lower interest rate, your business can borrow at a lesser rate. This allows them the capital to hire more workers to meet the growing demand.
If all measures under this stimulus fail then it will mean that the government needs to make rate cuts and feed the economy with increased taxes to boost businesses. This helps businesses make more money from people that buy into their products once they have the disposable income to make their purchases.
A second method is by using the Fiscal policy. This is done by increasing or cutting taxes to stimulate the economy. With an expansionary fiscal policy, there will be a slower time for it to come into effect. Both Congress and the President have to agree on the next steps that follow. This can be more effective when it is executed. This will give the government some teeth to turn things around. The main thing is to gain the confidence of the people by convincing them of a better future. Cutting taxes works in the same manner as reducing interest rates. Both help businesses and consumers to spend more. This increase in demand will provide businesses with more money to invest and hire more workers. Government spending usually takes the form of creating jobs. When the government hires employees, they can do so directly or with contracts through companies to provide services. This provides customers with cash to buy more essential products.
In order to best judge the situation across the length and breadth of the US, you should weigh the unemployment rate against GDP growth and inflation. You will find a table below representing unemployment since 1929 when the stock market crashed. This table compares the unemployment rate, GDP growth, and inflation.
U.S. Unemployment Rate Over The Last 89 Years
|Year||Unemployment Rate ||GDP Growth||Inflation |
US Inflation Rate
When it comes to the inflation rate, it is the percentage change in prices from one year to the next. These changes result in a business cycle. The first phase is the expansion where growth is positive and the country can see a 2% inflation. When the economy expands beyond 3 percent, it will create an asset bubble. The second phase is the peak when the expansion ends and contraction begins. Well in the third phase, you will find a contraction which results in a recession. Inflation usually falls below 2.0 percent and then deflation looms. The fourth phase is called the trough and this is the month when the contraction ends and the expansion begins. You should know that inflation responds to monetary policy that is enacted by the Federal Reserve. The Federal Reserve will focus its attention on the core inflation rate and will exclude things like volatile gas and food prices. The Fed sets a target inflation rate of two percent. If the core rate rises much above that, the Fed will execute a contracting monetary policy which increases interest rates and shuts down demand and thereby lowers prices.
US Records 10 Years with 3 percent growth
For a record 10 straight years, the United States has had 3 percent growth in Gross Domestic Product based on data by the Bureau of Economic Analysis. In 85 years since the BEA’s existence, the annual change in real GDP there was only one ten-year stretch between 2006 to 2015. This is because real annual growth in GDP peaked in 2006 at 2.7 percent. After which it has never been this high again. The last recession ended in June 2009. In 6 calendar years from 2010 to 2015, real annual GDP growth has never exceeded the 2.5 percent it reached in 2010. The longest consecutive stretch of years in which the US saw real growth by 3 percent or better was a seven-year period between 1983 to 1989. The second longest period was a growth of 3 percent between 1939 to 1944 during World War II. In the last two years, annual growth has been stagnant at 2.44 percent. In the fourth quarter from 2016 to 2018, it is projected to grow only by 2.7, 2.5 and 2.4 percent.
This primarily means that a steady growth rate of 3 percent is good for the economy. But, unless there is higher growth the economy will tend to stagnate and the number of jobs that are open for new faces will not grow significantly and this will create a problem if the number of new openings does not increase year-on-year, the unemployment rate does not fall further. If it depends solely on government policy through correction to make America continue its growth trajectory which does not rely solely on government jobs and contracts.
Long term unemployment is a perennial policy concern for several reasons. First, it tends to have detrimental effects on the individuals involved. Workers’ human capital (whether actual or perceived by employers) may deteriorate during a spell of unemployment, and the time devoted to job search typically declines. Both factors imply that the chances of getting employed may increase thereby reducing the time period used up for job search.
More generally, long-term unemployment adversely affects people’s mental and physical well being and it is one of the most significant causes of poverty for their households. Second, insofar as the long-term unemployed become gradually detached from the labor market, they play a reduced role in the competition for jobs. This means that unemployment is less effective in curbing wage pressure, potentially leading to even further increases in unemployment and its persistence (Machin and Manning, 1999). These and related considerations have motivated a wide variety of policies to address the problem of long-term unemployment.
Policy interventions combine elements of ‘stick’ and ‘carrot’. They involve job search requirements and sanctions to promote sufficient search effort; or direct assistance to the unemployed, including help with their job search process and training provision. In addition, governments may provide wage subsidies to firms that hire the long-term unemployed. A number of social experiments in the United States provide evidence on the effects of job search assistance and stricter search requirements. The combination of these two policies often leads to a reduction in the time spent on unemployment benefits. At the same time, this does not necessarily mean that everyone coming off benefits is being employed in a new job (Card et al, 2010).
The US evidence on the effects of training programmes for welfare recipients and employment subsidies is, at best, mixed. The overarching conclusion is that these programmes – at least in the short term – are often ineffective at improving the re-employment chances of the unemployed and in several cases would not pass a cost-benefit test.
Statistical Reflection of the Long Term Unemployment Issue in the US
In January 2017, the Bureau of Labor Statistics released the December 2016 jobs report. The new numbers demonstrated a positive sign towards a reduction of unemployment, with employers reporting net job growth of 2, 30, 000 for the month.
However, one disturbing aspect of the report should be the relatively high rate of long-term unemployment. While the percentage of jobless workers unemployed 27 weeks and longer has been trending downward in recent years, it is still exceptionally high by historical standards and has shown no signs of improvement in the last 6 months.
Even more disturbing is the relatively high rate of “extreme” long-term unemployment, the condition of being unemployed one year or longer. The figure below shows extreme long-term unemployment as a percentage of total unemployment from May 1977 to present. Currently, as per the Bureau of Labor Statistics reports, there are over 2.1 million Americans who have been out of work over the past 18 months.
It is noteworthy that in both 2015 and 2016, the average duration of unemployment was 16.3 weeks; as of last month, i.e. December 2016 the average unemployment spell was around 40 percent longer at 27.6 weeks. And because most of the long-term unemployed are no longer eligible for unemployment insurance, they have to get by without any public support.
Collective Approach to Seeking a Solution for Long Term Unemployment
In May 2013, a Joint Economic Committee was constituted by the US Congress to come up with solutions to tackle the menace of long term unemployment and also suggest remedies through collective participation of employers and employees. The Committee came up with a list of guidelines which are still in the process of being implemented right from the grass-root level to the national level.
The guidelines were meant to provide employment to long-term unemployed people aged between 25-60 (which includes people seeking temporary positions even after retirement from the full time job) including returning war veterans who are not allowed to take up any positions in government offices as well as the armed forces, after retirement. Some of the major points in the guidelines were:
- Providing incentives for private-sector employers to hire veterans and the young, including extending or expanding tax credits.
- Streamlining the process of obtaining certifications and occupational licenses.
- Furthering higher education opportunities for young early-career and mid-career professionals.
- Building upon existing programs to ensure that both young persons and returning veterans can obtain the training required for jobs in growing industries.
- Ensuring that returning veterans have the assistance they need in transitioning from active duty to the civilian workplace.
It remains to be seen now whether the above guidelines are implemented effectively over the next 5-6 years to do away with the issue of long term unemployment.
Finding Solutions to Long Term Unemployment at an Individual Level
Some of the major steps that have been taken across the world to tackle long term unemployment effectively may also be used in the USA by the Department of Labor as well as the central think-tank to tackle this issue. Some of those remedial measures are:
Counselling the long term unemployed aged between 25-45 by orienting them to change the professional avenue they may have been involved in, earlier. For example, orientation to switch over from a job that involves physical labor to one that involves more of skilled mental labor.
The Department of Labor and the Departments of Training and Skill Development need to organize long term training programmes at economical rates to help the unemployed population develop hard and soft skills for different types of jobs. This will increase options at the time of job search at an individual level.
Education at all levels including the undergraduate and postgraduate levels should ensure inclusion of practical training programmes best suited for a particular profession through long term engagements such as research projects, internships etc.
Individual psychiatric counseling should be provided through both the public and private health care system to keep the unemployed population motivated for long periods and to guard against the cons of long term job search and its effects on a person’s mental and physical health.
Every state should prepare a list of their unemployed population and make special efforts to place the right people in the right jobs by dividing the existing population and creating a talent pool for various kinds of organizations. This will ensure people with the right kind of educational background (in case of freshers) and the right kind of work experience (in case of those with work experience) walking into the right organizations best suited to the needs of both the employers and the potential employees.
The Department of Labor should reach out and tie up with recruitment consultant agencies to notify the unemployed about vacancies in government jobs more often. Currently, the agencies only notify about vacancies mostly in the private sector which limits the options for the unemployed.
Identity theft and identity fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain. Unlike fingerprints, which are unique and cannot be given to someone else for their use, personal data especially Social Security number, bank account or credit card number, telephone calling card number, and other valuable identifying data can be used, if they fall into the wrong hands.
In the United States and Canada, for example, many people have reported that unauthorized persons have taken funds out of their bank or financial accounts, or, in the worst cases, taken over their identities altogether, incurring huge debts and committing crimes while using the victim’s names.
In many cases, a victim’s losses may include not only out-of-pocket financial losses but substantial additional financial costs associated with trying to restore his reputation in the community and correcting the erroneous information for which the criminal is responsible.
Rise and impact of identity theft on businesses and individuals
According to the reports of the US Department of Justice released in 2010, an average of 193 federal cases of cyber crimes was prosecuted by the Department of Justice. The US Sentencing Commission is in the process of bringing out its annual report of 2016 which will reflect the number of victims of Cyber Crimes between 2015 and 2016.
Americans have been victims and suffered harm as a result of the theft of their identity in the last twelve months. Furthermore, the agency also released a commission report detailing its identity theft program since its inception. The survey found that within a period of one year, 2.28 million consumers discovered that new accounts had been opened and other fraudulent activities such as renting an apartment or home, obtaining medical care or employment, had been committed in their name.
In those cases, the victims were categorized as follows: 2.28% Existing Credit Card Account Fraud, 1.15% Existing Non-Credit Cards Accounts Fraud, and 0.83% new accounts and other Fraud, with a mean fraud loss of $ 5,803 per victim. Existing Credit Card Accounts fraud is the least costly classification, while New Accounts and other Frauds with a mean loss of $ 12,646 is the most serious category. Existing Non-Credit Card Accounts fraud, which includes existing credit and saving accounts, is the mid-range classification with a mean loss of $ 9.912.
Nature of Information under threat in identity theft cases
In the cyberspace, identity thieves are looking for sensitive personal information, and there are many pieces of information that could be utilized. Some of the most common are:
- Social Security Numbers (SSN): This number was created to keep an accurate record of earnings and pay retirement benefits on those earnings.
- Date of Birth (DOB): Date of birth, in conjunction with other pieces of information, can be used in many ways to compromise a person’s identity.
- Current and Previous Addresses and Phone Numbers: Both can be used in cybercrime and identity theft to enable an offender to assume the identity of the victim or to obtain more information thereabout.
- Current and Previous Employment Information: Such information can be used to jeopardize the victim’s identity.
- Financial Account Information: This includes checking and savings accounts, credit cards, debit cards, and financial planning information. Such information is a rich source for an identity thief to commit financial cybercrimes.
- Mother’s Maiden Name: In many instances, the maiden name of the victim’s mother may be used as the password for financial accounts and is easily available through public record information.
- Other Personal Information: This includes passwords, passcodes, email addresses as well as photos. Such information could be utilized to obtain access to other sensitive information or to facilitate total or partial identity theft.
Tackling the Menace of Identity Theft: Technological Perspectives
Anyone who is concerned with the possibility of identity theft should adopt techniques designed to stop these kinds of crimes before they happen. A great deal of information about identity theft prevention is available from trustworthy sources, such as state attorneys general offices, the United States Department of Justice, and local consumer protection agencies.
Among the most effective strategies to avoid becoming a victim include conducting regularly scheduled credit report reviews, using online passwords that are unique and difficult to guess, shredding financial documents before throwing them away, and sending and receiving mail using a secure mailbox.
Taking the recommended precautions is no guarantee against identity theft, however. One of the best ways for people to minimize the loss in the event they are victimized is to learn to recognize the signs that a crime has occurred. Unfamiliar entries on credit reports are a strong indication of identity theft. Other signs include bills arriving in the mail addressed to someone else, a sudden increase in pre-approved credit offers, and unexpected telephone calls from debt collectors. It is important to quickly follow up on such occurrences to determine their cause. Those who suspect an identity crime is being committed should immediately report the incident to the appropriate credit agencies and law enforcement officials.
Prevention and Regulation of Identity Theft: Legal Perspectives
Identity theft is generally tackled and regulated in the US through the Identity Theft and Assumption Deterrence Act, 1988. It has been able to achieve four main objectives:
- It made identity theft a separate crime against the individual whose identity was stolen and credit destroyed. Previously, victims had been defined solely by financial loss and often the emphasis was on banks and other financial institutions, rather than on individuals.
- It established the Federal Trade Commission (FTC) as the Federal Government’s one central point of contact for reporting instances of identity theft by creating the Identity Theft Data Clearing House.
- It increased criminal penalties for identity theft and fraud. Specifically, the crime now carries a maximum penalty of 15 years imprisonment and substantial fines.
- It closed legal loopholes, which previously had made it a crime to produce or possess false identity documents but not to steal another person’s personal information.
Identity theft, therefore, remains a big threat for individuals and businesses in the 21st century which can be prevented effectively by taking the precautionary measures mentioned above. However, the perspective of law enforcement to prevent identity theft still remains a grey area as the US Department of Justice has struggled in the last 15 years to adopt counter-measures to tackle this issue. All measures adopted so far have been reactive rather than proactive. Thus, it remains to be seen what measures are adopted in the next 20 years to deal with this menace both from the technological and legal perspectives.