Archive for February, 2015

Retirement from Jacksonville jobs delayed

Friday, February 20th, 2015

According to a new survey from Careerbuilder, more and more seniors are considering delaying retirement from Jacksonville jobs.

The number of workers age 60 or older currently delaying retirement reached a post-recession low of 53 percent. This number is down from 58 percent last year and 66 percent in 2010.

75 percent of workers age 60 or older currently delaying retirement cite the recession as a cause. Twelve percent don’t think they will ever be able to retire – up slightly from 11 percent last year – and nearly half (49 percent) feel retirement is at least 5 years out.

Fifty-four percent of senior workers (age 60+) say they’ll work after retiring from their current career – up from 45 percent last year. Of this group, 81 percent say they’ll most likely work part-time, while 19 percent plan to continue working full-time. Customer service, retail and consulting are the three most common jobs these workers plan to pursue.

Meanwhile, one in six workers age 60 or older say they are taking this time in their life to pursue a dream job or passion project.

Seniors out of work or planning to work post-retirement, the job search may be getting easier. Fifty-four percent of private sector employers hired mature workers (age 50+) in 2014 – up six points from last year’s 48 percent – and 57 percent plan to do so in 2015.

A vast majority of senior workers not planning to work post-retirement intend to focus on relaxation (70 percent) and spending time with family and friends (57 percent). Other plans include:
•Traveling – 48 percent
•Taking up a hobby/spending more time on a hobby – 44 percent
•Volunteering – 36 percent
•Exercise – 36 percent
•Renovating home – 8 percent
•Mentoring – 5 percent
•Going back to school – 3 percent

Construction jobs in Jacksonville grow

Sunday, February 8th, 2015

According to the latest report from ADP National Employment, construction jobs in Jacksonville, among other locations, are growing.

Goods-producing employment rose by 31,000 jobs in January, down from 47,000 jobs gained in December. The construction industry added 18,000 jobs, down from last month’s gain of 26,000. Meanwhile, manufacturing added 14,000 jobs in January, below December’s 23,000.

Service-providing employment rose by 183,000 jobs in January, down from 207,000 in December. The ADP National Employment Report indicates that professional/business services contributed 42,000 jobs in January, a large drop-off from December’s 72,000.

Expansion in trade/transportation/utilities grew by 54,000, a sharp increase from December’s 40,000. The 11,000 new jobs added in financial activities is down from last month’s 14,000, but still well above the average of the past twelve months.

Overall, private sector employment increased by 213,000 jobs from December to January.

Payrolls for businesses with 49 or fewer employees increased by 78,000 jobs in January, down from 115,000 in December. Employment among companies with 50-499 employees was the only segment showing an increase in January.

These businesses added 95,000 jobs, up from December’s increase of 78,000. Employment at large companies – those with 500 or more employees – decreased from 61,000 the previous month to 40,000 jobs added in January.

Companies with 500-999 employees added 14,000 jobs, down from December’s 23,000. Companies with over 1,000 employees added 26,000 jobs, down from December’s 39,000.

Are falling oil prices hurting those with Jacksonville energy jobs?

Friday, February 6th, 2015

It appears that some of those who have Jacksonville energy jobs, among other locations, may be hurt by the falling oil prices, according to a survey from global outplacement consultancy Challenger, Gray & Christmas, Inc.

U.S.-based employers announced plans to shed 53,041 jobs from their payrolls to start 2015; with 40 percent of those directly related to oil prices.

Of the 53,041 job cuts announced in January, 21,322 were directly attributed to the recent and sharp decline in oil prices. Most of these cuts occurred in the energy industry, where employers announced a total of 20,193 layoffs (19,722 of which were directly attributed to oil prices). The January total is 42 percent higher than the 14,262 job cuts announced by the energy industry in all of 2014.

“We may see oil-related job cuts extend well beyond those industries directly involved with exploration and extraction. The economies throughout the northern United States that have been thriving as a result of the oil boom could experience a steep decline in employment across all sectors, including retail, construction, food service and entertainment,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

“On the flip side, there are a number of industries throughout the country that will benefit from falling energy prices. Delta already reported significant savings tied to lower fuel costs. The airline is also seeing more travelers as lower ticket prices are spurring purchases from travelers, who have more money in their wallets. Trucking companies, plastics manufacturers and paint makers are also seeing bottom lines improve,” said Challenger.

“Despite the recent surge in job cuts, the net result of falling oil prices could ultimately prove to be positive for the economy, as a whole. Not only will many industries see cost savings, but consumers will have more money for discretionary spending on things like dining out, travel, and entertainment. Lower prices at the pump has also been linked to higher sales of SUVs and other less fuel-efficient vehicles,” he added.