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 🙂
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.
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.
How to Manage Entrepreneurial Employees (url) – Jon Westenberg tells us his 4 point approach:
- Don’t give orders. Give outcomes.
- Participate in skill-building.
- Encourage entrepreneurship in your team.
- 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”
- Focus on Strengths – unhappiness and failure happens when you are trying to be someone that you are not.
- Identify Skill Economies – try to see which skills are projected be in high demand in the coming years.
- 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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Have a great week,