Government

The U.S. Department of Labor's recent release on state employment and unemployment statistics for October 2024 highlights significant trends in the labor market. For employers, these trends provide critical insights into managing unemployment benefits and supporting workforce stability.‍

National Unemployment Overview
The national unemployment rate stands at 4.1%, a slight decrease that reflects a generally stable labor market. However, state-specific variations indicate differing challenges across the country.

State-Specific Unemployment Rates

The report identifies key state disparities:

• Highest Unemployment Rates:
  • Nevada: 5.6%
  • District of Columbia: 5.7%
  • California: 5.4%
  • New York: 5.3%
• Lowest Unemployment Rates:
  • South Dakota: 2.0%
  • Vermont: 2.2%
  • North Dakota: 2.3%
  • New Hampshire: 2.5%

States with low unemployment rates are experiencing faster workforce recovery, while states with higher rates are facing longer job-search durations and increased strain on unemployment systems.

Impact on Employers
States with higher unemployment rates may experience longer unemployment durations, leading to greater unemployment insurance (UI) obligations for employers. Meanwhile, states with lower rates often see shorter unemployment periods, potentially reducing these costs. Employers must proactively address these dynamics to manage financial and operational risks effectively.

Strategies for Employers

• Proactive Outplacement Services: Employers should invest in outplacement programs to help employees in transition find new roles quickly. These services not only reduce the duration of unemployment for affected individuals but also help manage UI claims and protect employer reputation.
• Evaluate Current Programs with Third-Party Administrators: Partner with your Unemployment Claims Third-Party Administrator (TPA) or outplacement provider to analyze how existing programs are supporting efforts to reduce unemployment duration. Ensure these programs are optimized to deliver measurable results in minimizing UI claims and expediting reemployment.
• Implement Strategic Workforce Planning: Engaging in strategic workforce planning allows employers to anticipate staffing needs and avoid unnecessary layoffs, thereby reducing potential unemployment claims.

By focusing on these actionable strategies, employers can navigate the complexities of varying unemployment rates while minimizing their financial and operational impact. Understanding labor market trends and leveraging supportive programs like outplacement services will position employers to build more resilient workforces and communities.

For more resources on how to reduce unemployment duration and support transitioning employees, please don't hesitate to reach out and schedule some time with us!

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Job seekers often slow down their job search during the holidays and assume employers are not hiring or interviewing. But, according to studies, over one-third of employers expect to add employees during the fourth quarter including over the holiday season.

Here are three reasons why ramping up your job search over the holidays will give you an advantage:

• You'll have less competition– While other job seekers are taking time off of their job hunt, you should increase your activity. It will demonstrate your commitment to your future employer, and make it easier on the hiring manager.
• Hiring managers are more available – Although holidays can be busy, hiring managers’ calendars are often unscheduled, allowing them time to attend holiday gatherings, clean out files and plan for the new year. Reach out by phone or preferably in person to follow up on your application or schedule an informational interview.
• You'll gain momentum for the New Year – While other candidates will just be trying to rekindle their job search, yours will remain strong and your relationships with employers will be primed for start of the year hiring decisions.

The NextJob Team

‍P.S. Consider seasonal work or volunteer opportunities during the holidays while you continue your job search. You’ll expand your network and gain new experience, knowledge and connections that may lead to a full-time opportunity.

‍Helping you land your next great job...faster.‍

Employers can subscribe to our Reemployment Industry Insights mailing list and job seekers can subscribe to our Job Search News & Tips mailing list.

At NextJob we are so thankful for the privilege of working alongside our customers and their employees, helping them back to work. Customers of NextJob, have also helped us with our charitable Job for Job program: for every job search package our customers purchase, we donate a matching gift of our proprietary online job search skills system to someone in need.To reach those in need, we partner with organizations serving people who are homeless, in poverty, disadvantaged, disabled veterans, victims of domestic violence or chronically underemployed. Our mission is to help our partner organizations give a hand up into employment for our neighbors in need.

This holiday season, we thought we’d share two stories from Emergency Care Help Organization, our NextJob partner in Central Florida. ECHO serves residents in crisis with food and clothing and offers access to life-stabilizing programs and resources including our Job for Job reemployment program.

ECHO Director Eleanor Saunders recounted one of the more inspirational stories.  “Mark was homeless.  He walked four miles to class each week.  We received a donated bike and gave it to Mark.  He was faithful.  After a few months, he landed a job in HVAC with a local company.  He has since passed his 90 day probation period with flying colors!”

Another ECHO job seeker offered her story as well:‍

“I first came to ECHO for GED classes. Then I got more information on how to help my family by me attending Job for Job classes, where I was able to build my resume, practice for interviews and most important they gave me a confidence that wa

s lost somewhere down the line of my life or maybe never really had.

I got to practice different things and started to look at myself in the future with a real JOB and capable of being able to do something in the long term, not just an immediate need to pay a bill right now.  I got the feeling of long term success and this was something I never experienced before…I did my interview and got hired with great benefits and most important, now I have the opportunity to help others and give someone else this boost that I much needed in my life.”

- Marlen, Job for Job Client

‍As we head into a season of giving, we’re thankful for the privilege of partnering with our customers to make a real difference in people's lives and wish you all a very happy holiday season!

John Courtney, President & CEO

P.S.As always, we welcome suggestions of nonprofits that could use our resources to make a difference in the lives of those they serve and we welcome support in spreading the word. Simply contact Dale at dalef@nextjob.com to share your suggestions.

Employers can subscribe to our Reemployment Industry Insights mailing list and job seekers can subscribe to our Job Search News & Tips mailing list.

Research on landing a job faster

‍Despite over five million open jobs, the average job seeker remains unemployed over six months and over one third of unemployment insurance claimants are still exhausting all of their benefits, without landing a job.

This is costly for employers and job seekers alike. The average claim against an employer’s unemployment account is over $5,000 and, for job seekers who are parents, a six-month or greater spell of unemployment nearly tripled the rate of poverty.

Read this month’s Reemployment Insight, “The Six Month Question” to learn more about the 5 factors you should ensure are included in your reemployment support model.

With 2.2 M people still stuck in long term unemployment and another 6 M hoping to get back into the labor force, we all tend to know someone who’s struggling to land a job.

Many of us, especially those of us in jobs that touch workforce topics, such as HR or unemployment, are expected to know something about landing a job; and we often do. But it’s often difficult to know exactly what we can do to help. Fortunately, with the right approach, job seekers can improve their chances of landing a job by nearly 600%.

Read this month’s Reemployment Insight, “Three Ways to Help a Friend Back to Work” to learn more about three of the most effective strategies used to help people land jobs.

Over half of college graduates are unemployed six months after graduation and 39% of Unemployment Insurance claimants are considered long-term unemployed having been out of work for more than six months.

Research shows that job seekers receiving the right kind of help can increase their chances of landing a job by six times. What is the right kind of help? Broadly, the right help—according to the research—is teaching a variety of job search skills, providing motivation and encouraging proactivity. In the outplacement world, this can be provided using the right combination of the latest technology and a job coach.

I use the word coach, because a good coach helps people strengthen and sharpen their skills, in this case, job search skills. They fill the job search tool box with important stuff: advice, instructions, motivation, inspiration and direction.

A job coach can be many things to many people, but a good job coach will play the following key roles as part of the team that will help a job seeker land their next job.

1. Mentor

A good job coach won’t just tell a job seeker how to do something. Instead, they explain why certain processes and actions in their profession are necessary and beneficial to the job seeker’s success. The coach will help identify and provide advice and direction on how best to target professional opportunities. They will also help develop strategies for improving performance in particular areas. This approach helps the job seeker understand not just how to do something, but why they need to do it.

2. Motivator

For a job seeker to be successful in their job search they need to be motivated about their work history, career direction, skills and ability to move forward. A good job coach will help them identify what they are doing well and assist them in capitalizing on their strengths. At the same time, the coach will point out their weaknesses, or areas in which they need improvement, and help them develop an approach to bettering themselves. The coach needs to build an honest, trusting relationship with each and every job seeker they serve in order to help each job seeker achieve their goals.

3. Goal-Setter

A good job coach helps chart the course of the job search through goal setting. They help set agendas, develop timetables, plan for the job search, and help the job seeker stay focused and on-track. In addition to meeting with the job seeker on a regular basis to assess progress, the coach will be available on an “as-needed” basis to help evaluate opportunities, plan for interviews and develop networking strategies.

4. Confidence Builder

A good job coach will recognize and celebrate positive strides and remind the job seeker of the progress they’re making. They will help identify and highlight a job seeker’s strengths in a way that builds confidence.

Everyone has had a great coach in their past. It may have been a parent at home, a sports coach in school, a manager at a summer job who pushed them a bit or a mentor who took them under their wing. These were all coaches in their lives.

A good job coach can help each job seeker learn a critical life skill – job search.

For a limited time, job seekers can visit us at https://nextjobcom.webflow.io/nextjob-scholarships-recent-grads for free access to our jobseekers toolkit where they can create their own job search plan.

Our unemployment insurance system was born in 1935 and, in some respects, little has changed. In particular, the work search requirement in most states has remained largely the same – contact a couple of employers each week and let the state know about it, proactively, or in many states, only if asked. But this approach has two major problems.

First, states rely mostly on claimants policing themselves, kind of like asking drivers to self-report when they break the speed limit. The national overpayment rate to those not complying with work search requirements is 4.5% of annual claims, costing employers over $1.5 billion for the year ending June 30, 2014. For context, that’s more than 15 times the cost of one of the Department of Labor’s more effective job search programs (the Reemployment Eligibility Assessment program).

Worse, the federal measure tends to understate what may really be happening. Evidence suggests 4.5% is a gross understatement and that one third or more of claimants are not willing to comply with work search requirements.

The second problem is that the required level of job search activity is low and can take just one hour to complete – that’s less than 1/4th the time the average person watches TV each day (4 hours). This is a low level of encouragement for someone who is unemployed and suddenly has a lot of time on their hands and needs work. Because the average UI claimant’s benefits are about half of their prior pay level, every week of added unemployment is costly in many ways.

Fortunately, there’s a better way – states can now use 100% verifiable work search activities that are equally or more valuable than contacting a couple of employers each week. For example, some states are requiring claimants to take online job search training because claimants rate their training at a C-/D+. States could require other similar online activities, such as inventorying their skills, building a resume and posting it, using online networking, etc.

How can employers help? UI agencies are sensitive to their Work Search Integrity rates. To see your state’s overpayment rates, click here. Then ask your state agency staff about the rate and whether they’ve considered moving to fully verifiable job search activities? Some would suggest they are about 1.5 billion reasons to do so.‍

Click here for more on this topic including a by the numbers look at the “Odds of Getting Caught”.

For a limited time, job seekers can visit us at https://nextjobcom.webflow.io/nextjob-scholarships-recent-grads for free access to our jobseekers toolkit where they can create their own job search plan.

There’s a lot of talk these days about skill gaps – a need for software programmers, engineers, etc. but not enough trained to fill the jobs US employers have open. Less is said about another skill gap – job search skills – the skill it takes for a software programmer to find the right employer, present themselves well and land the job in which they will thrive.

In a study of job seekers in two states, we’ve found that job seekers rate their job search readiness at a C-/D+. This is disturbing. In the average American’s working years, we’ll spend the bulk of our waking hours working in our jobs. But to land those jobs, we spend less time learning job search than we spend learning our smart phones.

I’ve been asking why and how this could be. How could we be so undereducated and unprepared to affect our career outcomes - the number one source of our income and financial well-being over the course of our lives. Ask any recent high school or college grad you know, for example, and the odds are you’ll hear them say – “No, I never really learned much about landing a job.”

Certainly since evolution of public education in the 1800s job search has become vastly more complicated.

Are our schools giving enough support and focus on what their career counselors are teaching - a life skill on par with personal finance?

So where do we learn job search? Where did you learn it? Chances are that you didn’t learn it well. For example, you may have landed your first job or and about half of your jobs, through someone you know. You may have essentially fallen into the job. After all, about half of all jobs are filled through networking. The chances are also great that you have not practiced job search even if you’ve learned it at some point. Americans change jobs, on average, every 3.5 years, which gives us little opportunity to stay sharp.

In the high school biology classes many states mandate, many of us learned how to dissect a frog, which was not only cool, but now part of the great movement in STEM. Perhaps a few weeks of learning the science of job search and dissecting its various parts would be a worthwhile addition for all of our students planning to look for a job?

For a limited time, job seekers can visit us at https://nextjobcom.webflow.io/nextjob-scholarships-recent-grads for free access to our jobseekers toolkit where they can create their own job search plan.