Hiring Down 43 in March

first_img May 7, 2013 414 Views Hiring fell 4.3 percent in March, the same month in which payroll job growth plunged, the Bureau of Labor Statistics (BLS) reported Tuesday in its monthly “”Job Openings and Labor Turnover Survey (JOLTS)””:http://www.bls.gov/news.release/archives/jolts_05072013.pdf. [IMAGE]Job growth in March was initially reported at 88,000–the weakest in nine months–but later revised up to 138,000. While hirings dropped in March, separations increased 0.8 percent.According to the JOLTS report, the number of persons unemployed for each job opening fell to 3.05, the lowest level since October 2008, from 3.09 in February.The JOLTS report details the ins and out of the labor market. According to the report, the number of layoffs and discharges in March rose 7.7 percent to 1,693,000, the highest level since September, from 1,572,000 in February.At the same time, the number of “”quits,”” generally a sign of confidence in the ability to get another job, fell in March to 2,160,000, a drop of 5.5 percent from February.Still, the report showed a continual improvement in the labor market, with 51.8 million hires in the last 12 months, up from 50.6 million in the previous 12 months.[COLUMN_BREAK]The number of job openings at the end of March slipped to 3.84 million from 3.9 million in February. Job openings fell month-over-month in most major industry sectors, led by a drop of 37,000 in professional and business services. There were 2.0 jobseekers for every opening in that sector in March, up from 1.7 in February.Data from the report indicated there were 11.2 unemployed construction workers for every available job in March, up from 9.0 in February. By industry, the number of unemployed persons per job opening also increased in the manufacturing and information sectors. The number of unemployed persons per job opening declined in financial activities, education and health services, and leisure and hospitality. The drop in job openings in manufacturing is a consequence of the federal budget sequester, which caused a cutback in defense spending.The “”JOLTS”” report tracks flows within the labor sector, noting hirings and separations by month as well as the number of job openings at the end of a month. It is reported by BLS on a one month lag. In addition to totals, data are reported on major industry sectors.The number of unemployed persons per job opening has been declining steadily since peaking at 6.7 in July 2009, when the recession ├â┬ó├óÔÇÜ┬¼├àÔÇ£officially├â┬ó├óÔÇÜ┬¼├é┬Ø ended. The calculation is a function of the number of people unemployed, which fell to 11,742,000 in March–the lowest level since December 2008–and the number of job openings. Unemployment fell again in March to 11,659,000.The month-over-month increase in the number of layoffs and discharges was the second in a row and the third in the last five months. Year-over-year through March, layoffs and discharges were down 0.6 percent._Hear Mark Lieberman on P.O.T.U.S (Sirius 124) on Friday at 6:20 a.m. and again at 9:20 a.m. Eastern._ Share Agents & Brokers Attorneys & Title Companies Bureau of Labor Statistics Investors Jobs JOLTS Labor Department Lenders & Servicers Mark Lieberman Payrolls Service Providers Unemployment 2013-05-07 Mark Liebermancenter_img Hiring Down 4.3% in March in Data, Government, Origination, Secondary Market, Servicinglast_img read more

London UK — Global jewelry house Garrard introd

first_imgLondon, UK — Global jewelry house, Garrard, introduces Fire of London, the first collection by new Creative Director Stephen Webster. With his inaugural collection for the legendary British brand, Webster took inspiration from the Great Fire of London and the new beginning it represented for the city. Webster’s exquisite designs mark the designer’s debut as he fuses his creativity and passion for fine craftsmanship with Garrard’s deeply-rooted history.Fire of London features pendants, rings, earrings and cuffs made from 18kt white and yellow gold, white and black diamonds, red and black spinel, orange sapphires, garnets, and citrines crafted into beautiful flame-like designs. In an elaborate cocktail ring the black spinel center stone is set against black and white diamonds creating a stunning contrast while highlighting the rare, reflective nature of the gem. A white diamond and white gold flame cuff is timeless and elegant in its pave diamond design. Earrings are offered in a drop, stud or hoop style with a pave diamond flame design.Within the collection Webster has also created one-of-a-kind white gold and white diamond pieces including, long drop earrings that total 11-carats, a bracelet set with pear shaped and round Eternal Cut™ diamonds totalling 24-carats and a stunning necklace in a full flame design that is set with over 51-carats of marquise, pear and round Eternal Cut™ diamonds.Fire of London launches at Garrard boutiques worldwide this spring. The designs range in price from $3,300 to $500,000.www.garrard.comlast_img read more