No surprises here, but
quite sad overall. '79-'81 Redux.
- The odds of landing a part-time job at department store operator Bealls Outlet Stores Inc. this holiday season are slimmer than getting into Harvard: It's one out of every 45.
- Don't think the chances are any better at 7-Eleven. One California store received more than 100 applicants in a week and a half for jobs that pay $8.50 per hour -- and the retailer doesn't even usually hire holiday workers.
- From department stores and convenience chains to call centers, managers who only a year ago had to scramble to fill holiday jobs are seeing a surge in the number of seasoned applicants -- many of them laid off in other sectors and desperate for a way to pay the bills.
- The flood of jobseekers comes even as the retail industry drastically cuts back on holiday hiring because of the drop-off in consumer spending, and the applicants -- who differ from the usual pool, teens or stay-at-home moms looking for extra spending money -- reflect the nation's fast-deteriorating job market.
- At UPS Inc., which is just starting to ramp up its holiday hiring, as much as 30 percent of the seasonal hires in the Northeast are coming from the ranks of the recently laid off, said spokeswoman Ronna Charles Branch. In the past, she said, applicants for holiday jobs at the world's biggest shipping carrier were largely students.
- Jean Telfort, a 41-year-old Army veteran, has applied for dozens of part-time jobs, including at Macy's and Nordstrom Inc., with no success. He needs money to help pay the rent and to pay down his $60,000 credit card bill, which includes his college tuition charges. (again I think foreign readers just have no idea the burden college costs have become in the United States - sets some people back a decade from graduation to pay these off - but that's ok - socialism is bad. Unless it's for our banks) "I am looking for anything to carry me over," said the Freeport, N.Y., who returned full-time to Hofstra University where he's pursuing a degree in public relations after he served 11 years in the Army.
- John Challenger, chief executive of Chicago-based outplacement firm Challenger, Gray & Christmas, noted that holiday hiring will fall significantly below last year's total, which was the lowest since 2003.
So who is applying nowadays for lower rung service/retail jobs?
- What's so striking, store executives say, is how desperate the applicants are. Rob Duncan, chief operating officer of Alpine Access, a "virtual" call center provider with 7,500 employees working from their homes across the country, estimated a 10 to 15 percent rise in applicants from a year ago. In the past, they were mostly stay-at-home moms looking for part-time work. Now the company, which handles customer service for stores like J. Crew as well as tech support, debt collection and financial services, is seeing more men and more midlevel managers looking for at least 35 hours of work.
- David Ortega, a training store manager at the 7-Eleven in Citrus Heights, Calif., that got more than 100 applications, noted that many applicants have management experience -- including those who even owned their own construction business. The store in a suburb of Sacramento, which has been hard hit by the housing slump, usually saw candidates who came straight out of high school, he said. (sounds exactly like Michigan & Ohio the past 3-4 years - looks like our virus is spreading)
Speaking of Ohio, in case you missed it DHL is cutting 9500 US jobs - and it seems the great majority (7000) are
in one town in Ohio: Wilmington. Just a devastating blow.
- When the owner of the big shipping company DHL U.S. Express announced on Monday that it planned to cut 9,500 jobs in the United States, the news hit this town the hardest. Wilmington is home to a sprawling distribution hub, and more than 7,000 jobs will disappear, devastating the local economy.
- “This is a catastrophic event for the entire region,” said David L. Raizk, the mayor of Wilmington, a city of about 12,000 just 40 miles north of Cincinnati.
- The move was a sharp reversal for Deutsche Post, the German company that owns DHL, which had said that it was planning to maintain its American operations by turning over its domesticair-cargo service to its rival United Parcel Service. The express package business has been suffering under the sharp economic downturn: express shipments in the United States carried by the top three companies fell in the third quarter for the first time since the 2001 recession.
4 comments:
again I think foreign readers just have no idea the burden college costs have become in the United States - sets some people back a decade from graduation to pay these off - but that's ok - socialism is bad.
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It's ironic, I am pretty close to Freeport and Hofstra. But college costs are a huge burden. Some would argue that the reason why college tuition is so high is because of all the cheap credit/money from the 1990s. I mean that is when tuitions started rising 5,6,7% annually to make them unaffordable now.
So as the cheap credit disappears perhaps colleges will go bust as they run out of funds (a lot of equity investments) and cannot ask for more tuition from broke students. So they may be forced to SCALE down to cut tuition. That is a free market solution. But I really do think tuitions rose so high not because of evil capitalism but because of low interest rates for so long. If no one was able to get a loan, these schools would not get away with charging much more than $15,000/year tuition. But since most people were able to borrow anything (use inflated home as collateral), then colleges can raise tuitions at will.
I expect college tuition to come down- give it 2-3 years.
And in NY, you should see people piling into the state schools, SUNY.
Some were traditionally so unselective, and now it is so hard to get in.
Another thing, is that I see our service sector collapsing, yet we keep pushing so many students to college (who shouldn't be going) to give them piece of paper to work a paper pushing service sector or worse- a government job that is non-productive.
I expect that to change as well.
I remember you brought this up- how DCFM is not worth it to go to college. When people start realizing this, tuitions will plunge too.
I agree with both your comments
And if we are moving to a more global mean wage across countries as companies go wherever labor is cheaper, the use of college degree will be even more worthless (talking 10, 15, 20 years out) at least at these prices.
Or maybe the middle class will be doing the reverse of what the upper class foreign folks do - that is send their kids overseas to college - if it's cheaper.
On almost any college campus there seems to be endless construction - so much money they have to tear down and rebuild buildings every 20 years. Instead of cutting tuition costs. Time to right size.
Exactly, my school has construction everywhere, I wonder what is the point quite often. It must be so expensive and I always think this is the stupidest time to be investing in expansion.
We need to embrace the high school graduates working in good-producing jobs.
I mean most of the people graduating now are idiots (believe me i know) regardless of what the piece of paper says so do we really want to give them a service job say on wall street....well bear and lehman would but I doubt goldman or competent firms would.
I pity other students who graduated with me in 2007, who pay their 30-40K/year for tuiton and to live at college...because many of them are pursuing b/s degrees where they will be given paper pushing jobs in service sector that is crumbling and won't exist for ever, so they basically accumulate near 100K or more in debt with no increase in future income ability and putting tremendous burden on parents
It is a shame. It goes back to your point which I 100% agree with, financial education in high school. screw home economics..
at least let guys learn finance and ladies do home economics or something, but for many students now the DCFM says you are an idiot for going to college unless you are pursuing a GOOD degree and or you are paying less than 20K/year.
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