The Inside Job


December 2008


President Bush Shows Managerial Skill

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White House spokeswoman Dana Perino offered a spirited endorsement and portrait of working for President Bush in an E-mail to Byron York at National Review. Certainly, it's important to consider the source (as she's unlikely to give anything but a positive report), but it's an interesting look at ...

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What Laid-Off Life Looks Like

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These days, the media is doing its storytelling job by detailing the lives of the recently laid-off and the challenge of finding a job--and the getting by in the meantime.

Seven portraits in New York magazine show the variety of obstacles that accompany a layoff.

  • An IT director says it's harder for ...
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    Indeed.com Wins Best Job Search Site

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    Indeed.com took top honors among job search sites in a holiday poll over at Lifehacker. The straightforward search site ranked no. 1--Monster, Careerbuilder, LinkedIn, HotJobs and Craigslist rounded out the top six.

    Lifehacker says of the site: "Indeed isn't a full-service job search site where you ...

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    Save Jobs With Your Checkbook

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    About a month ago, Suze Orman was on MSNBC's Morning Joe pleading with Americans to stop their spending and save, save, save. Time magazine's Joe Klein, also a guest on the show, looked a bit aghast. He responded that if all Americans do just what Orman suggests, the economy will be in freefall. Of ...

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    How to Job Hunt During the Holidays

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    A common piece of job-searching wisdom insists on consistency and commitment: Treat your job search as if it were a job.

    Translation: Out with the sweatpants and House reruns; in with the alarm clock and regular hygiene.

    The misery of unemployment can often dull one's past enthusiasm for early ...

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    Gov. Blagojevich Not Going to Quit His Job

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    A tough-talking, Rudyard Kipling-referencing Illinois Governor Rod Blagojevich said today he is sticking with his job. At a brief, no-questions press conference in Chicago, the Governor said he was not going to quit, despite accusations he tried to sell President-elect Barack Obama's Senate seat. 

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    Detroit Bailout: What it Means for Workers

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    The White House has a $17.4 billion plan for bailing out Detroit automakers. Here are some of the plan's conditions and "targets" on pay and perks:

    • Firms must accept limits on executive compensation and eliminate perks such as corporate jets.
    • Eliminate the jobs bank.
    • Work rules that are ...

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    5 Ways to Fix Your Job Search

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    No job search is perfect. If you're sending out résumés and making calls, you're sure to make mistakes. It's useful to keep in mind, however, that your peers are also making mistakes. The beauty of a job search is that you press forward on a hundred fronts, you knock on a hundred ...

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    employment

    3 Points on Jobless Claims

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    The number of new claims for unemployment benefits dropped a bit last week from the previous week's 26-year high. The Labor Department reported this morning there were 554,000 claims filed in the week that ended December 13--down 21,000 from the previous week's revised 575,000 claims.

    Three points:

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      Zhang Yimou: Inspiration to Late Bloomers

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      Zhang Yimou, the force behind this year's spectacular Olympics opening ceremonies in Beijing, is one of four runners-up for Time magazine's Person of the Year.

      The Chinese movie director's ceremonies were watched by a third of the world's population, according to the article's writer, Steven ...

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      Best Careers Get Graded

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      U.S. News launched its Best Careers for 2009 last week. It's a great resource for college students trying to pick majors and find careers with promising outlooks. It's also a great resource for the rest of us. Some of the 30 careers require undergraduate degrees or post-graduate degrees, but ...

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      Eliot Spitzer: Columnist Prefers His Old Job

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      While many unemployed workers will miss the company holiday party this year, former New York Governor Eliot Spitzer found gainful employment just in time to celebrate in the corporate way.

      Spitzer, a newly minted freelance columnist for Slate (his first post is here), was in downtown Manhattan ...

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      Yankee Payroll: Defying Recession?

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      A friend's Facebook status update this weekend: "Wondering if the Yankees know there's a recession going on."

      The baseball team agreed to a five-year, $82.5 million contract with free-agent pitcher A.J. Burnett--after agreeing to pay free-agent pitcher CC Sabathia $161 million over seven ...

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      UAW: Wouldn't Help If We Worked For Free

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      It's already December 12 and the end of the year is close at hand. Still, United Auto Workers president Ron Gettelfinger says if union autoworkers agreed to work for free through December--it wouldn't help the cash-bleeding automakers "limp into January."

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      Bank of America to Make Big Payroll Cuts

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      Bank of America made this announcement today:

      Bank of America Corporation is working on a plan to eliminate a significant number of positions over the next three years reflecting the pending merger with Merrill Lynch & Co., Inc. and the weak economic environment, which is affecting the level of ...

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      Teach Your Boss to Twitter

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      If you're an avid Twitter user and you think the application holds promise for your company, but you're not quite sure how--or you're not sure how to sell your boss on the idea--Guy Kawasaki offers a 10-point explanation of how to use Twitter as a marketing tool, or "twool," if you're feeling ...

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      Call in Gay Day

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      Today is "Day Without a Gay," a swiftly organized daylong event for gay people nationwide to protest California's Proposition 8 and other anti-gay legislation by calling in "gay" to work and, instead, spending the day volunteering.

      It's seems like tough timing to hold a workplace boycott three ...

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      Happy Coworkers Won't Make You Happy

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      A new study that suggests happiness in social networks (friends and neighbors) is contagious has gotten a good deal of press. You can read the study here. The researchers found that "clusters of happiness result from the spread of happiness and not just a tendency for people to associate with ...

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      GRE Shocker: Applications Down

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      The number of applications to take the Graduate Record Examination, the GRE, is expected to drop in 2008--defying the flight-to-grad-school trend seen in previous slowdowns. This is, in fact, "the first time ever that the GRE has seen a fall in test-taking during an economic downturn," according to

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      Dow, 3M Make Cuts

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      More companies are making aggressive payroll cuts: Dow Chemical is cutting 5,000 full-time jobs and 3M says it cut 1,800 jobs, in the U.S. and elsewhere, in the fourth quarter.

      Glad tidings for the rest of us--Gawker takes a look at the holiday season media layoffs and offers this advice: "Unless ...

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      Bush: Concerned About Auto Workers

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      The news that the country had shed more than a half-million jobs last month is lending urgency to some political leaders' calls for aid to automakers. Researchers have estimated that failure of two or all three of the Big Three automakers would result in job losses between 2.5 million and 3 ...

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      Why Wages Rose Faster Than Expected

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      November's dismal jobs report shows that average hourly earnings increased by 7 cents, or 0.4 percent. (In the past year, average hourly earnings have risen by 3.7 percent.)

      Here's one explanation, from David Greenlaw and Ted Wieseman, of Morgan Stanley Research:

      "The average hourly earnings gauge ...

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      Very Ugly Jobs Report: Employers Slash 533,000

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      The unemployment rate hit 6.7 percent in November as employers slashed their payrolls much more deeply than economists had expected, the Labor Department reported this morning.

      These were the largest cuts in 34 years, although it's worth noting that the workforce has grown considerably since then ...

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      Job Vacancy Ads Online Fall to 4.4 Million

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      The number of job vacancies advertised online dropped by 70,200 to 4,369,200 in November, the Conference Board reports. Advertised vacancies have declined by 264,000 this fall (starting in September).

      Healthcare, office/administrative support, and the farming/fishing/forestry industry were the only ...

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      ADP: 250,000 Jobs Lost in November

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      More bad jobs numbers (no surprise): The private sector slashed 250,000 jobs from payrolls in November, according to today's ADP employment report. The report, based on payroll data, comes two days ahead of the government's official employment numbers for November. ADP reported companies cut ...

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