A pickup in hiring heading into the summer months could bode well for job creation in the second half of 2012, according to a survey by CareerBuilder.com.
The online career site’s annual Summer Job Forecast shows that 29 percent of employers plan to hire workers for the summer, an increase over last year’s 21 percent.
“This is good news for job seekers, as seasonal work can often lead to full-time opportunities,” said Brett Rasmussen, president of CareerBuilder North America, in a statement. “A majority of employers told us they consider a summer position an extended job interview.” In addition, the survey revealed that 71 percent of employers said they’ll be considering some summer hires for permanent positions.
Among the sectors that showed the strongest hiring trends were manufacturing (45 percent said they would be hiring for jobs in this sector); hospitality, 44 percent; retail, 34 percent; and finance, 31 percent.
Pay has increased as well. A majority of respondents – 64 percent – said they will pay summer employees $10 or more per hour; that’s up from 58 percent last year. And 20 percent will pay more than $16 per hour.
All of these are signs that the second half of the year could be stronger for job creation, says Rasmussen. “CareerBuilder’s job listings are up across industries and company sizes. This bodes well for a better hiring picture in the back half of the year,” he said. “While employers remain watchful of the U.S. economy, the debt situation in Europe and other factors, they’re focused on growing their businesses and need new talent in the door.”
How Greek economic woes could help US consumers
But, unlike normal times, it’s not because of actions taken by the Federal Reserve. This time, rates are dropping because of fears that Greece, which is still trying to form a government, will totally default on its loans.
So, as in the 2008 financial crisis, investors are looking for a safe haven in a storm. And, as in other times of trouble, they are moving into US Treasury securities, driving interest rates lower and lower.
For the US, there are ramifications for this flight to safety – most of them positive. Mortgage rates are now hitting record lows.
Another way to look at it is that lower mortgage rates give home buyers the opportunity to afford to purchase a home at a price of 15 to 20 percent more, without an increase in their monthly payment, compared to several years ago, says Mark Raskin, a senior loan office at PrimeLending, a PlainsCapital Company, in Dallas.
Consumers could also benefit from the lower rates by refinancing a current mortgage, he adds. For example, on a $200,000 loan that was taken out several years ago when interest rates were close to 6 percent, the savings could run as much as $200 to $250 a month.
“Obviously, it would be an even greater savings if it was someone who borrowed with a much higher rate,” he says.
Digital Discounts: Frugal cities see upswing in mobile couponing
(Virtual Strategy Magazine)
Coupons and discount cards are being featured everywhere thanks to the lagging economy — from TLC’s Extreme Couponing to the Celebrity Apprentice, coupons have gone mainstream.
SaveEveryday.com, the nation’s leading mobile couponing site, has found the best couponers in the nation with the top ten most frugal cities.
Rhodes continues, “It started with the group-buy sites, where couponing met social media. Now it’s evolved to a place where people are reluctant to pay full price for anything. With mobile couponing garnering interest from more brands, it makes sense that tech-savvy consumers are embracing it.”
The Inaugural Diversity Employment And Business Opportunity Trade Fair To be held at the Hyatt Regency McCormick Place in Chicago on July 24th
Major League Baseball and the Chicago White Sox will co-host the first-ever “MLB Diversity Business Summit,” which will provide attendees with unprecedented access to Human Resource and Procurement executives from MLB’s Central Office, all 30 MLB Clubs, MLB Network, MLB Advanced Media and Minor League Baseball Clubs. This inaugural event will be held at the Hyatt Regency McCormick Place in Chicago on Tuesday, July 24th. Event information and early registration are currently available at MLB.com/diversitysummit.
“Major League Baseball is pleased to co-host the MLB Diversity Business Summit, giving our game another opportunity to connect with a diverse pool of individuals and businesses,” said Baseball Commissioner Allan H. (Bud) Selig. “I thank the Chicago White Sox for their support and hospitality, and we hope that everyone involved will benefit from the direct interaction afforded by this inaugural event.”
This sports diversity employment and business opportunity trade fair will provide job seekers and entrepreneurs with a unique opportunity to network directly with club and sponsorship decision-makers for employment and business opportunities. The agenda for the event will include league-wide networking, exhibit floor access, special presenters, workshops and executive roundtable discussions. Deadline for early registration is June 1st.
“It is an honor to join with Major League Baseball and co-host the MLB Diversity Business Summit this summer in Chicago,” said White Sox chairman Jerry Reinsdorf. “Diversity is critical to success in business and in baseball. From purchasing the best products available to acquiring and developing the very best talent in the front office, the White Sox are committed to diversity throughout our business operations and throughout our ballpark.”
“The diversity of Major League Baseball is important to Commissioner Selig on-field as well as throughout our entire business,” said Wendy Lewis, Senior Vice President, Diversity & Strategic Alliances.
“The MLB Diversity Business Summit will connect a diverse and inclusive group of individuals with Human Resource, Procurement and other executives throughout the industry. We are looking forward to welcoming the many talented students, professionals and business owners who will participate in this groundbreaking event.”
In Florida, a man serving 12 years in prison for DUI manslaughter is suing his victims’ survivors for his pain, suffering, medical bills and “loss of capacity for enjoying life.”
In Illinois last year, siblings aged 20 and 23 sought more than $50,000 in damages from their mom for “bad mothering,” including setting a curfew for her then-teenage daughter, “haggling” over clothing prices, and failing to send college care packages.
Lawsuits like these are, unfortunately, more the rule than the exception, says Hillel L. Presser, a lawyer specializing in domestic and international asset protection planning and author of Financial Self-Defense (www.assetprotectionattorneys.com).
“Litigation is America’s fastest growing business, and why not? Plaintiffs have everything to gain and nothing but a few hours’ time to lose,” Presser says. “Even if a case seems utterly ridiculous, like the guy in prison suing his victims’ family, defendants are encouraged to settle just to avoid potentially astronomical legal fees.”
So where does a person begin? You’ll likely need the expertise of an asset protection planner, Presser says, but here are some steps you can take on your own.
• Take stock of your wealth. Inventory your assets – you probably own more than you think. Besides savings and retirement accounts, consider any money owed to you, anticipated inheritances and future assets. Property includes homes, vehicles, jewelry, and land. Don’t forget to consider intangible assets, those non-physical but valuable brands, trademarks, patents and intellectual property. Visit www.assetprotectionattorneys.com for an inventory worksheet.
• Put only assets that are exempt from seizure in your name. Federal and state laws protect some personal assets from lawsuits and creditors. Those assets typically include your primary residence; personal items such as furniture and clothing; pensions and retirement funds; and life insurance. State exemption laws vary; federal laws govern exemptions in bankruptcy.
• Protectively title non-exempt assets. Putting the title to valuable assets in the names of corporations, limited partnerships, domestic trusts and other entities offers some protection. You still get to use and enjoy the asset but legal ownership is with an entity that’s not subject to your personal creditors’ claims. Which entities best shield which assets depends on the asset, your state laws, taxation and your estate plan, to name a few considerations. You can also combine protective entities, for instance, giving ownership of your limited liability company to a limited partnership. It’s best to get professional advice when choosing the entity that will best protect an asset.
Whether you’re worth millions or a few hundred thousand, it’s important to not get caught with your assets showing, Presser says. The more you have exposed, the more enticing a target you become. And the less you have, the more catastrophic the outcome can be.
“If the average person with $200,000 is sued for $1 million, he’s wiped out,” Presser says. “It’s not so horrific for the person with $25 million who gets sued for $5 million.
About Hillel L. Presser
Hillel L. Presser’s firm, The Presser Law Firm, P.A., represents individuals and businesses in establishing comprehensive asset protection plans. He is a graduate of Syracuse University’s School of Management and Nova Southeastern University’s law school, and serves on Nova’s President’s Advisory Council. He also serves on the boards of several non-profit organizations for his professional athlete clients and is a former adjunct faculty member for law at Lynn University. Hillel has authored several books, including “Asset Protection Secrets” and has been featured in Forbes, Sports Illustrated, the Robb Report, the Houston Chronicle, and the Los Angeles Times, among other publications.