Workforce Development News – December 7, 2020

By on December 7, 2020
Current Economic Conditions

A weekly collection of articles on workforce development, employment and training, business performance improvement, leadership, higher education, and the economy.

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The Workforce Solutions Group of St. Louis Community College leverages education for growth in the knowledge economy by offering programs and services designed to advance people, businesses and communities. We are located at the Corporate College, a state of the art facility solely dedicated to corporate education and professional development.
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4 Warning Signs in the November Jobs Report: ‘This Feels Like the Calm Before the Storm’

“Economists are worried by slowing job growth, a shrinking labor force, rising long-term unemployment and elevated joblessness among Black workers.”
https://www.cnbc.com/2020/12/04/november-jobs-report-shows-4-concerning-trends.html

‘Extraordinary Acceleration’: Takeaways From The Pandemic Last Week

“Deaths from COVID-19 have jumped nearly 40% in the past two weeks, and hospitals around the country are straining under their patient load.”
https://www.npr.org/sections/health-shots/2020/12/05/943009477/extraordinary-acceleration-takeaways-from-the-pandemic-this-week

There Are Too Many Ways to Lose Unemployment Compensation

“Approximately 13.8 million unemployed workers, including the long-term unemployed, will lose sustaining unemployment compensation on December 26 or are in danger of losing compensation in the following weeks.”
https://www.brookings.edu/blog/up-front/2020/12/03/there-are-too-many-ways-to-lose-unemployment-compensation/

Intent to Get a COVID Vaccine Rises to 60% as Confidence in Research and Development Process Increases

“Still about two-in-ten ‘pretty certain’ they won’t get vaccine – even when there’s more information.”
https://www.pewresearch.org/science/2020/12/03/intent-to-get-a-covid-19-vaccine-rises-to-60-as-confidence-in-research-and-development-process-increases/

Summary of Commentary on Current Economic Conditions by Federal Reserve District

“Economic activity has continued to increase slightly since the previous report; however, conditions deteriorated toward the end of the reporting period. The pace of activity continues to remain highly variable across sectors. The overall outlook for business conditions over the next 12 months has improved but remains slightly pessimistic.”
https://research.stlouisfed.org/publications/regional/beige-book/2020/12/02/eighth-district-beige-book/
Full Beige Book: https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20201202.pdf

Labor Report First Look

“The tables and charts in the First Look offer a quick look at current and historical data along with data constructed from the summary.”
https://www.frbatlanta.org/chcs/labor-report-first-look.aspx

The Pandemic Is Widening a Corporate Productivity Gap

“What sets top companies apart?”
https://hbr.org/2020/12/the-pandemic-is-widening-a-corporate-productivity-gap

Has Wealth Inequality in America Changed over Time? Here Are Key Statistics

“How much difference does a college degree make? As a group, highly educated families continue to have much more wealth than less educated families.”
https://www.stlouisfed.org/open-vault/2020/december/has-wealth-inequality-changed-over-time-key-statistics

The Exponential Rise in COVID Hospitalizations

“More people in the US are hospitalized with the coronavirus than at any other time this year.”
https://www.vox.com/2020/11/12/21560902/covid-19-risk-hospitalizations-chart-texas-illinois

Stop Asking for Feedback

“Start asking for advice instead.”
https://hbr.org/2020/11/stop-asking-for-feedback

The Qualities of a Good Employee

“Showcasing your positive qualities, traits, and characteristics proves that you are a good employee and deserve that job offer, promotion, or raise.”
https://www.glassdoor.com/blog/guide/qualities-of-a-good-employee/

Do what you can, with what you have, where you are.” — Theodore Roosevelt

About Richard Schumacher

Richard Schumacher is the technology manager for the Workforce Solutions Group of St. Louis Community College. He connects, designs, and applies technology to meet business user needs with eLearning, training, web content, instructional design, IT system, and performance improvement solutions. Richard has held various Microsoft Certifications since 1993. Learn more about Richard by following him: LinkedIn - Twitter - Articles - Email

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