Word: white-collar
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...report on unemployed white-collar workers [BUSINESS, Oct. 14]: In today's competitive hiring market, candidates must build a marketing campaign to sell themselves. The burden is on job hunters to identify how they can solve business problems for prospective hiring organizations. These candidates have to learn the rule of "SW" when targeting prospective employers: some will, some won't, and someone's waiting to hire you. KATE SCHWARZ Fairfax...
...relocate for jobs, according to Chicago outplacement firm Challenger, Gray and Christmas--the lowest since the company began tracking that figure in 1986. "There's a need for security and comfort now," notes John Challenger, "[but that unwillingness] may contribute to longer unemployment for many." That helps explain why white-collar workers now make up a whopping 48% of those unemployed for 27 or more weeks, up from 39% just a year...
This is not happening just in New York. Across the country, laid-off white-collar workers find themselves reassessing the career goals that once defined them. Pedro Canahuati, 28, had dropped out of college and zoomed up through the ranks to become director of operations at an Internet data--center company headquartered in Denver. "I had been in the industry for about nine years and had quite a bit of experience," he says. "I always felt that it was the people who didn't have the experience and couldn't maintain their value in the company who would be laid...
...sure, white-collar workers out of a job often suffer less, financially speaking, than do those with less income and training. Educated workers tend to be married to others like themselves, who often also hold jobs that come with health insurance. Many have savings, equity in a home or well-off parents. Their experience and contacts help them in their search for another high-paying job. And they can often afford to get more education for a new career. "If all else fails," says David Wyss, chief economist with Standard & Poor's, "there's always law school...
...state, and even those who merit $1,720 a month--the maximum in such generous states as Pennsylvania--can find it a painful comedown from a salary five or 10 times that amount. Most states provide benefits for only 26 weeks, a period of unemployment that half of white-collar workers today exceed. Congress passed a law in March that temporarily extended the period by 13 weeks. The law expires on Dec. 31, but Congress looks likely to approve another extension. "White-collar workers whine," says Wyss. "Moreover, they vote...