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Job Support Group Leader Newsletter
July 2007
Job market talking points
The recent BLS Report of 132,000 jobs added in June continues a great trend in job creation. It's been a good run so far, with 47 months of reports of job growth. To put job growth in perspective:
- Payroll count in March, 2001: 132 million
- Payroll count in June, 2007: 138 million
In March, 2001, the start of the recent slowdown, there were 132 million people on company payrolls. The economy has added about 9 million jobs over the time period, replacing the 3 million jobs lost and increasing overall employment to record levels. More people are at work today than at any time in US history.
This recovery is different....
In a recent article, Larry Kudlow, economist and TV commentator, stated that this recovery is different and historic. Ten or twenty years ago, the US was the engine of the world economy, pulling the world economies forward. If the US economy got a cold, the world economy got pneumonia since we were everyone's biggest customer!
Today, things are different. Brazil, India, China and Russia are establishing themselves as economic powers as well. India, for example, with a population of 1 billion, has progressed from a society with a wealthy elite and large scale poverty of fifty years ago to a country with 300 million people with middle class incomes and lifestyle. And it is the world's largest democracy. China's growth into a major economic power is well-known, but the emergence of the economies of Russia and Brazil are important as well since all five economies generate global growth. So the global economy has five engines pulling the "economic train" instead of just one.
For the first time in human history, several billions of people are living in economies that are functioning at mid to high level performance, providing greater access to jobs and education to build lives.
In Kudlow's view, this is the most extraordinary development of our time and may make this century the century of global prosperity as the quality of life for hundreds of millions of people improve. The challenge of this century is to assist non-performing economies, especially in areas of asia and Africa, to find solutions to their economic issues and become functioning economies.
Job search successes
Have a job search success story to share? Email your comments!
Special Announcement
What Color is Your Parachute? author Dick Bolles offers support and comments on Work Ministry in the 2008 edition of his upcoming book! Thanks for your support Mr. Bolles!
Connecting with employers
There are two kinds of Recruiters: those who read cover letters and those who do not. For the benefit of the Recruiters who actually read cover letters, encourage your job seekers to apply a few basic rules to their efforts. A cover letter should be written like a 15 second TV commercial, providing enough information to create an interest but no detail on the scale of a one minute resume commercial.
A good cover letter should be brief and have three parts:
- One or two lines about response to an ad or job post, expression of interest
- Three bullet points about core competencies that qualify the candidate, directly related to the specifications, six lines maximum
- A closing comment about strong interest and a "welcome the opportunity to meet," etc
That's it. A cover letter should provide a Recruiter with the rationale for spending more time to read the resume, which should reinforce the core competencies cited. Anything more in a cover letter will just duplicate what is reviewed on the resume. Help those Recruiters who read cover letters: coach your job seekers!
Alliance Partners
We support the following resources in service to job seekers:
- BPWUSA.org Business and Professional Women USA
- HACE: Hispanic Alliance for Career Enhancement
- Jobkabob.com: sell your skills, not your work history.
- Career Concepts USA: Job Fair resource
Have a success story or best ideas for job search to share? Send an email to leader@workministry.com.
Reminder:
Workministry.com has a growing list of job posts as well as continual improvement in resources for JSG Leaders and job seekers. Please make a
point of asking your group members to check the site, review the job posts and respond or send along to a friend, relative or former group
member.
Editor’s Note:
The Job Support Group Leader newsletter and message board are all about you. Our goal is to create a forum for
sharing information that helps you fulfill your mission. If you have feedback, ideas or suggestions for either the newsletter or the message
board, please send email to: leader@workministry.com.
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