Inside Human Resources: job fairs
shutdown, ADP says Comments 6 A hotel manager, left, interviews with a job seeker during a job fair at a hotel in Louisville, Ky. WASHINGTON — Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday. The figure was below the 150,000 average monthly job growth in the sector over the previous year as the hiring in the service sector fell off in October, said Mark Zandi, chief economist at Moody’s Analytics, which assists ADP in the monthly report. “The government shutdown and debt limit brinkmanship hurt the already softening job market in October,” Zandi said. Firms that do government contracting were affected by the 16-day government shutdown and the fiscal impasse probably caused small companies to hold off on hiring, he said. QUIZ: How well do you understand the Fed stimulus? The 130,000 private-sector jobs added in October marked the smallest gain since April, ADP said. Economists had projected ADP’s numbers would show the private sector added 138,000 jobs last month. Combined with a significant downward revision of September’s figure to 145,000, the latest ADP data do not bode well for the government’s October job report, due next week, and add to the likelihood that the Federal Reserve will hold steady on its stimulus efforts, Zandi said. Fed policymakers are scheduled to issue a statement Wednesday at the conclusion of their two-day meeting. The weakening labor market and another looming fight early next year over federal government funding and the debt limit, make it unlikely the Fed will taper its $85-billion bond-buying program until March, Zandi said. “I don’t think the Federal Reserve board members would feel very comfortable until the job growth is closer to 200,000” a month, Zandi said. He added that the labor market, which softened over the summer because of this year’s tax increases and automatic federal spending cuts, was “a long way” from that level right now. Zandi estimates that the Labor Department will report next week the economy added just 100,000 net new jobs in October. The report’s release was delayed a week by the shutdown. ADP found the service sector added 107,000 jobs in October, down from 130,000 the previous month. Financial firms cut jobs by 5,000.
If youre a recruiter, youll meet hundreds, if not thousands of applicants at a job fair. Picture a sea of navy blue and black interview suits. (On second thought, dont.) Eyes back to you, oh ambitious job seeker: Why not appear at a job booth wearing a fuchsia tie or polka dot scarf? Put a professional exclamation mark on your appearance; it will go a long way. Make it easy for recruiters to remember you when theyre back at their desks.Chances are, other job seekers wont be sporting a memorable accessory. Dont overdo it though less is more. Pick one item and make it pop! 2. Do your homework. Of course you should have already researched employers thats a given. The last thing a recruiter wants to do talk repeatedly about information thats easily found online. Instead, go that extra mile by making the most of your fleeting face time make every second and every word count. Dig into the job description ahead of time and ask specific questions; have a meaningful conversation about the company and where its headed. What do they look for in an ideal candidate? What is the culture of the company? What is the employers hierarchy and structure? Who is the recruiter who will be filling this job? How long has it been open? Are they taking on new employees as a sign they are expanding, or is it simply a question of backfill? 3. While youre at it, talk the talk. Go ahead, dont be shy! Speak the lingo specific to your field. If youre an economist specializing in valuation, start dishing about tangible and intangible assets. This will show youre not only serious about your craft, youre immersed in it. Youre a pro, theres no doubt about it. (And if youre not, dont try to fake it because you may get follow up questions youre unprepared for.