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

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


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.

If you found this newsletter helpful please share the signup link with people who would enjoy receiving labor market & HR news in the future.

Please let us know what you liked, what you disliked and which topics you would love to see in the future.

Drop us a mail: hello@perengo.com

Have a great week,
Team Perengo


Leave a Reply