Tuesday Digestif (46/2015): Low Unemployment Rates only Tell Half the Truth

Tuesday Digestif: Weekly Perengo Newsletter on Labor Policy & HR Management

Hello,

today our 5th issue of the labor policy & HR management newsletter covers the following:

(1) why unemployment is a misleading economic indicator, (2) Fight-for-$15 strikes & job posting trends, and (3) how to strategically build a career.

Happy Tuesday 🙂


Cover Story

October 2015 has been a strong month for the U.S. economy:

  • 271,000 new jobs have been added
  • Hourly earnings went up 2.5% over the year
  • The unemployment rate went down to 5.0%
  • Labor force participation is at 62.4%

We wrote about the misleading nature of some indicators.

Tuesday Digestif: Low unemployment rates only tell half the truth
Tuesday Digestif: Low unemployment rates only tell half the truth

This Week’s Finest

2015 Top 10 Buzzwords in Tech Job Postings (url) – find out why ‘big data’ is soooo 2014 and why 2015 is the year of ‘AI’ and ‘Real-time data’.

Biggest Fight-for-$15 Strike yet (url) – Low wage workers in 300 cities across the U.S. have protested in support of the $15 pay floor for low wage workers.

Across the country 64 million Americans are working for less than $15 an hour.

The strike should raise awareness amongst presidential candidates that a significant amount of votes are up for grabs through the right labor policy strategy.


Worth Reading:

How to Manage Entrepreneurial Employees (url) – Jon Westenberg tells us his 4 point approach:

  1. Don’t give orders. Give outcomes.
  2. Participate in skill-building.
  3. Encourage entrepreneurship in your team.
  4. Communicate your support.

How to Plan Your Career Strategically (url) – Andy Johns has built growth teams at Facebook, Quora, WealthFront amongst others and is regarded as a prime expert in ‘consumer startup growth’.

He built his career around the idea that “career strategy is similar to how economies work”

His checklist:

  1. Focus on Strengths – unhappiness and failure happens when you are trying to be someone that you are not.
  2. Identify Skill Economies – try to see which skills are projected be in high demand in the coming years.
  3. Place Your Bets – lean in and build your knowledge/skill supply for the time when the market is in demand for such profiles.

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Drop us a mail: hello@perengo.com

Have a great week,
Team Perengo


 



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