Tag Archives: career

Sep 13 2014

U.S. Job Growth: Eight-Month Low, Labor Force Shrinks

U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs . . .”

This Reuters article describes current employment trends and the effect it has on both the economy and the actions of the Federal Reserve.  Specifically,

  • Nonfarm payrolls increased 142,000 in August after expanding by 212,000 in July.
  • The jobless rate fell one-tenth of a percentage point to 6.1 percent in August.
  • The lower jobless rate in August was the result of more people dropping out of the labor force and not because of an increase in working Americans.
  • The Federal Reserve Board and Fed Chair Janet Yellen will use the weakness in the unemployment numbers to keep interest rates at present levels in order to provide a stimulus for the economy.

Specific information about different industry sectors, labor force participation, the number of part-time employees, etc. is also provided in this article.

For more information go to http://www.reuters.com/article/2014/09/05/us-usa-economy-idUSKBN0H008E20140905

Teaching Suggestions

You may want to use the information in this blog post and the original article to

  • Reinforce how the nation’s economy can affect a person’s ability to obtain employment, develop a financial plan, and achieve both personal and financial goals.

Discussion Questions

  1. Assume you are unemployed and looking for a full-time position after graduating from college.  What knowledge, skills, and experience do you have that will make an employer want to hire you?
  2. What steps can you take to provide financial security if you think the economy is about to experience a recession?
May 17 2014

Developing Career Capital and Achieving Success

Most career planning experts believe that “career capital” is vital for success.  Career capital refers to differentiated skills that are both rare and valuable, and usually involve creativity, impact, control, or autonomy. A great job requires that you can offer something of value. Factors that contribute to building career capital include:

  •  an attitude of “what can I offer the world and my company?”
  • understanding what’s valuable in your career field by seeking varied expert opinions
  • continuing to expand your skill set
  • obtaining feedback to gain knowledge of your strengths and weaknesses
  • setting priorities on what will benefit your career
  • creating goals appropriate to your career stage

For additional information about developing career capital, go to

http://www.forbes.com/sites/laurashin/2013/05/22/7-steps-to-developing-career-capital-and-achieving-success/

Discussion Questions

  1. Why are some people more successful in their careers than others?
  2. What factors might be used to measure career success?
  3. How might a person better prepare for future career success?

Teaching Suggestions

  • Have students create a list of attitudes, behaviors, and skills that they believe are important for career success.
  • Ask students to explain actions they are currently taking to enhance their future career success.