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.”