http://www.freep.com/article/20110721/BUSINESS01/107210463/Michigan-jobless-rate-inches-up-10-5-.
Mark Angott featured in Detroit Free Press
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ASG Analysis of the BLS Employment Situation Report
The full report can be seen here: http://www.bls.gov/news.release/empsit.htm.
The Labor Department has reported total private sector U.S. employment rose in June by 57,000 positions, while federal, state, and local governments trimmed a total of 39,000 jobs over the same period. The total U.S. unemployment rate rose to 9.2 percent from 9.1 percent in May. Job gains fell far short of expectations, including a 110,000 job gain projection by Bloomberg and a report from payroll provider, ADP, suggesting 157,000 private sector jobs were added in June. While both ADP and the general expectations have been known to be wrong, they also tend to suggest which way revisions to the numbers may go.
The management, professional and related occupation unemployment rate fell on a year-over-year basis from 4.9 to 4.7 percent. Employment among those with a 4-year-degree rose by 87,000 jobs in June, while the unemployment rate for that population fell from 4.5 to 4.4 percent.
As had occurred in May, almost no single sector of the employment market-save for government jobs-saw a monthly change of more than a few thousand jobs, and many sectors changed by only a few hundred. About 90 percent of the total private sector positions created in June occurred in the services providing sector, with leisure and hospitality jobs being responsible for the lion’s share of that growth.
While June’s numbers are disappointing, it also shouldn’t be forgotten that they are seasonally adjusted numbers. Any error in the model or a change in seasonally employment trends could substantially alter their accuracy. In fact, on a non-seasonally adjusted basis, total non-farm employment rose by 376,000 and total private sector employment rose by 840,000 positions as summer employment ramped up.
At the end of the day, the BLS Employment Situation Report is just a temperature check of the job market. It can say where we have been and where we are, but it doesn’t try to tell us where things are going or what is causing the movements. Large job gains in April did not beget large gains in May, just as poor gains in June do not necessarily forecast paltry growth in July. The trend does though remain one of growth, slow and steady, but growth. The companies that are emerging from the current period are among the leanest, most efficient organizations ever created.
TRW Automotive and ASG work together to fill Sr. Product Engineer-NVH role
ASG’s Engineering Practice has been working closely with TRW Automotive on a search for Sr. Product Engineer. We have successfully placed Tony Skouresin this position. Mr. Skouresin is highly regarded in his field and is excited to be part of the team at TRW.
Banking Practice works with Citizens Community Bancorp Inc.
J.T. Westendorf & Mark Angott of ASG’s Banking Practice announced the placement of Ms. Dana Little with Citizens Community Bancorp. Ms. Little accepted the role of Branch Manager and brings with her many years of experience and expertise in this specialized area of banking and management. Ms. Little will be located at their Rochester Hills, Michigan branch.
Engineering search successful for Akebono
Steve Wassman, Director, successfully filled a Sr. CAE Engineer position for Akebono. Mr. Danet Suryatama is a leading executive in the automotive field and his career will certainly progress for this leading world provider of brake and production designer. Mr. Suryatama will be located at Akebono Farmington Hills, Michigan facility.
First Place Bank adds Gary Kausmeyer to their Team
“Gary Kausmeyer has accepted the position as Chief Risk Officer at First Place Bank,” announced J.T Westendorf. Mr. Kausmeyer is excited to be joining the team at First Place Bank and he will be based in Warren, OH. Gary comes to First Place with a successful, strong risk and banking background.
Banking Practice successfully works with Lake Trust Credit Union
Beth Grossman, Director, accomplished a search for a Vice President of Human Resources for Lake Trust Credit Union. The growing, 65 year old credit union has over $1.5 billion in assets and is located throughout Michigan. Ms. Magda Moss was thrilled to have accepted the VP of HR position and looks forward to this exciting career opportunity.
Inside Small Business Loan Officer position filled at Michigan Business Connection
J.T. Westendorf, Search Consultant, and Mark Angott are pleased to announce that Ms. Brandy Telfer has accepted the role of Inside Small Business Loan Officer at Michigan Business Connection in Ann Arbor, MI. Ms. Telfer has a very successful career in the banking industry will certainly progress in her role at Michigan Business Connection.
ASG continues to make Mortgage Placements this month
Beth Grossman, Director, teamed up with Mark Angott and successfully placed Mary Morstadt at Standard Bank & Trust. Ms. Morstadt has accepted the Vice President CRA Manager, Secondary Mortgage role. She is excited to be joining the team Standard Bank & Trust and is located in Hickory Hills, IL.
Financial Services Practice successfully works with Guardian Industries
Charlie Tudor, Director of ASG’s Financial Services Practice, announced the placement of Scott Oslund with Guardian Industries located in Minneapolis, MN. He recently accepted the role of Sales Manager. Mr. Oslund possesses an extensive background in sales and is very excited to be starting his role at Guardian Industries.