Even before the official start of the national recession, finding jobs in Detroit was more difficult than in other areas of the country. Since then, the suffering automobile industry has caused a sever decline in employment in the metro area. With fewer people able to afford new vehicles, manufactures simply haven’t been able to provide as many jobs. Because of this, any new Detroit jobs are big news to the city’s residents.
General Electric (GE) recently announced that it will be creating over 1,100 jobs in the metro area over the course of the next few years. The company will be building a new 100,000-square-foot Research and Development center where scientists and engineers will explore information technology, clean energy and aviation. By the time it is fully staffed, GE believes it will employee more than 1,100 new workers.
The new positions with GE are expected to pay somewhere around $100,000 a year. Those who hope to apply for these positions will be happy to know that the company is in the process of creating a website for applying. GE expects that the application portal will be up and running sometime during the first week of July.
Considering the city’s unemployment rate, these new jobs and the indirection positions created as a result stand to make at least a small difference in the metro area’s economy. According to the Bureau of Labor Statistics (BLS), 14.6 percent of Detroit residents were without work in April. This figure does not even include those who have exhausted their benefits or have become discouraged and stop looking for work altogether.
Over the course of the last 12 months, BLS data shows that Detroit has seen a 6.2 percent decline in total non-farm employment. The metro area’s manufacturing industry has experienced the largest loss, with employers in this sector cutting 17 percent of jobs in the last year. Other industries that have lost over 10 percent of their workforce in this time period included mining, logging and construction, which lost 13.9 percent of its jobs and information, where there was a 14.4 percent decline.
Currently Michigan is the state with the highest unemployment rate in the country. BLS data shows that the jobless rate climbed 1.2 percent from April’s 12.9 percent to 14.1 percent in May. This means that approximately 681,700 people in the state are receiving unemployment benefits. The state has seen a 7.2 percent decline in total non-farm employment over the course of the last year.
Tags: Detroit Jobs
LocalAdLink Brings Job Opportunities to Detroit
Beyond Commerce, Inc. (OTC.BB:BYOC) http://www.beyondcommerce.com, an E-commerce solutions, local advertising and niche social networking company is pleased to bring job opportunities in Detroit through its local business search directory and advertising network, LocalAdLink.
According to the U.S. Department of Labor’s Bureau of Labor Statistics, In May 2008, metropolitan Detroit’s unemployment rate was 8.3 percent; by May 2009, it rose to 14.9 percent.
LocalAdLink has already provided sales opportunities for over fifty thousand independent advertising representatives, who are selling ads to small businesses nationwide. Its innovative and competitively priced products are highly desirable especially amidst a recession.
“We find that small businesses that can no longer afford costly advertising campaigns, are very enthusiastic and pleased with our ad packages,” stated Senior Vice President and Chief Operating Officer of LocalAdLink, Ben Clark. “Where else can you push your business listing out to a diverse and sophisticated network, for under $200? We believe we will be able to help spur the Detroit economy with our valuable products, services, and business opportunities.”
LocalAdLink will be hosting a business overview and introduction in Detroit, Thursday, July 23, 2009, from 6:30 p.m. to 9:30 p.m. at the Ramada Plaza Hotel in Troy. Special guests will include Brian Underwood and David Moceri. For more details and/or to register to attend this event, please view the following link.
http://localadlinkdetroit.eventbrite.com/
Beyond Commerce, Inc. provides best in class products, services, and solutions by being the low cost provider in its market sector. i-SUPPLY, http://www.i-SUPPLY.com, offers easy to use, fully customizable E-commerce services and revenue solutions for any Web site, large or small, and hosts local ads, providing extensive reach for our proprietary advertising partner network platform. LocalAdLink, http://www.LocalAdLink.com, is a local business search directory and advertising network that brings local advertising to geo-targeted consumers. BOOMj, http://www.BOOMj.com, is the leading niche portal and social networking site for Baby Boomers and Generation Jones.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting Beyond Commerce, Inc. operations, markets, products and prices and other factors discussed in the Company’s various filings with the Securities and Exchange Commission.