Health information technology company Omnicell may add a dozen or more local employees through office consolidation moves. The California-based company, which in May announced plans to lease 25,000 square feet of office space on Donelson Pike, is closing operations in Bangalore, India, and Woodlands, Texas, according to an SEC filing. The company is offering 20 employees the opportunity to relocate to either its California or Nashville offices. It has given termination notices to another 24 workers and offered another 19 people jobs with a third-party that provides services to Omnicell. As of June 30 the company employed 755 people.
Jul 12, 2010 10:43 AM
Summer jobs are harder to come by this season. Employment for those aged 16 to 19 grew by just 497,000 in June, down 29 percent from the 698,000 teen jobs in June 2009. It's the lowest mid-summer job growth for this age group since 1951, according to outplacement consultancy Challenger, Gray & Christmas.
“This could end up being the worst teen summer job market in employment records going back to 1948,” said John A. Challenger, chief executive officer of global outplacement firm Challenger, Gray & Christmas, Inc. “With data now suggesting that consumers are pulling back on spending, it is unlikely that a late hiring surge will salvage the dismal summer job situation for the nation’s youngest workers."
Jul 7, 2010 1:47 PM
Study updates stats on Nashville's largest and fastest growing industry
Jul 7, 2010 12:44 PM
That's what Nobel Prize-winning economist Paul Krugman told Bloomberg the U.S. should do in order to avoid an economic backslide.
“We are looking at what could be a very long siege here,” Krugman said in an interview today in Princeton, New Jersey, with Carol Massar of Bloomberg Television’s “Street Smart.” “We really are at a stage where we should have a kitchen-sink strategy. We should be throwing everything we can get at this.”He predicts the economy will grow at a rate of 1 percent or a bit faster over the next six months, but that job growth will be slower than population growth, creating a labor market that looks worse rather than better. Check out the full story at this link. See Also: Do we need a second stimulus?
Jul 7, 2010 10:42 AM
Nashville Public Radio has a brief piece today on Nashville's handling of the economic recession. The interview with Nashville Area Chamber of Commerce Chief Researcher Garrett Harper, who suggests Music City's entrepreneurial spirit is one reason the local unemployment rate is better than the national average:
Harper says one reason for the job growth is a high number of entrepreneurs – an area where Nashville out-performs its peer cities
Jul 6, 2010 2:05 PM
Peter Cohan mused on income inequality in the U.S. in this 4th of July post, which points out how the recession has made a bad problem worse for the lowest-paid Americans.
We are still living in the aftermath of the debt crisis and the cost of that bust has also been distributed unequally. For one thing, unemployment is hurting the bottom swath of the population more than the top. While U.S. unemployment is now 9.5%, the bottom 40% of the labor force suffers from a 17% unemployment rate. In the top 30% of the labor pool, that rate is just 4%, according to Harvard Magazine. Meanwhile, Wall Street -- which includes a solid share of the top 1% -- paid itself near record bonuses -- up 17% in 2009 to $20.3 billion -- and is on a hiring binge.How do we restore balance? Cohan writes our best hope is "technology-led innovation that creates jobs for many more Americans."
Jul 6, 2010 9:40 AM
Nashville-based business process outsourcing firm Sitel said Tuesday it's adding 150 call center jobs in Albuquerque, N.M.
“We are seeing strong growth from our clients being serviced at our Albuquerque center,” said Diana Grandinetti, site director at Sitel. “We are pleased to be able to hire a significant number of new employees and in turn do our part to strengthen the economy in the greater Albuquerque area.”
May 25, 2010 11:04 AM
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- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS