Workforce Development News – May 10, 2021

By on May 10, 2021
New Challenges For Economy

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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Spring Letdown: Hiring Slows In April, Raising New Challenges For Economy

“U.S. employers added 266,000 jobs last month, far fewer than analysts had expected. The unemployment rate rose to 6.1%.”
https://www.npr.org/2021/05/07/994217612/spring-slump-employers-add-just-266-000-jobs-in-april

Many Small Businesses in the Services Sector Are Unlikely to Reopen

“About 3 percent of currently closed businesses are expected to reopen and only about 4 percent of the workers of the currently closed businesses will eventually be rehired.”
https://libertystreeteconomics.newyorkfed.org/2021/05/many-small-businesses-in-the-services-sector-are-unlikely-to-reopen.html

For Mothers in the Workplace, a Year (and Counting) Like No Other

“The COVID-19 pandemic has forced a reckoning between career ambitions and family aspirations for many women, and what companies can do to help them.”
https://www.mckinsey.com/featured-insights/diversity-and-inclusion/for-mothers-in-the-workplace-a-year-and-counting-like-no-other

STL2030 Jobs Plan

“The revised STL 2030 Jobs Plan provides a 10-year roadmap for boosting economic growth, increasing the number of quality, living-wage jobs, and reducing racial disparities in employment and wealth-generation to boost opportunities for all.”
https://www.greaterstlinc.com/jobsplan/

Improving Economic Conditions Reaching Low-to-Moderate Income Communities

“Overall economic conditions for LMI populations improved over last quarter and last year. Optimism for LMI economic conditions into next quarter was at record highs for the index.”
https://www.kansascityfed.org/surveys/low-and-moderate-income-economic-conditions/improving-economic-conditions-reaching-lmi-communities/

U.S. Job Market Evaluations Improved, Still Lag Pre-Pandemic

“43% say it is a good time to find a quality job, up from 27% in January. Current reading still trails final pre-pandemic measure of 68%. Nearly half as many workers as a year ago say job loss is likely.”
https://news.gallup.com/poll/349478/job-market-evaluations-improved-lag-pre-pandemic.aspx

Mothers Are Being Left Behind in the Economic Recovery from COVID-19

“The age of the children in the household contributes to differences in labor force participation rates.”
https://www.brookings.edu/blog/up-front/2021/05/06/mothers-are-being-left-behind-in-the-economic-recovery-from-covid-19/

As Vaccination Rates Improve, States with Large Leisure & Hospitality Sectors May Rebound Strongly

“Unlike most recessions, the goods-based economy bounced back quickly as consumers invested funds in new vehicles, home improvement projects, and an assortment of durable goods. But the services sector—and particularly leisure & hospitality—continues to struggle.”
https://www.chicagofed.org/publications/blogs/midwest-economy/2021/vaccination-rates-leisure-and-hospitality

April Employment Shrinks in Manufacturing as Overall Job Growth Slows

“The manufacturing sector lost 18,000 jobs in April after substantial growth in February and March.”
https://www.industryweek.com/talent/article/21163573/april-employment-shrinks-in-manufacturing-as-overall-job-growth-slows

Your Ultimate Guide to Answering the Most Common Interview Questions

“A list of more than 40 of the most commonly asked interview questions, along with advice for answering them all.”
https://www.themuse.com/advice/interview-questions-and-answers

5 Mistakes We Make When We’re Overwhelmed

“And how to avoid them.”
https://hbr.org/2021/04/5-mistakes-we-make-when-were-overwhelmed

Don’t Let Yesterday Take Up Too Much Of Today.” – Will Rogers

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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