Print This Post January 7, 2016 1,166 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Strong job growth in October and November was one of the main economic factors that led the Federal Reserve to raise rates in December. And according to ADP’s December 2015 National Employment Report, that job growth is not showing any signs of slowing down heading into 2016.ADP’s report, which is produced in collaboration with Moody’s Analytics and is derived from actual ADP payroll data, showed private sector job gains of 257,000 from November to December.“Strong job growth shows no signs of abating,” said Mark Zandi, chief economist of Moody’s Analytics, “The only industry shedding jobs is energy. If this pace of job growth is sustained, which seems likely, the economy will be back to full employment by mid-year. This is a significant achievement, given that the last time the economy was at full employment was nearly a decade ago.”December’s job gains were the largest total for any one month in 2015, said Ahu Yildirmaz, VP and head of the ADP Research Institute, who noted that “Overall, the average monthly employment growth was just under 200,000 for the year in contrast to almost 240,000 jobs per month in 2014. Weakness in the energy and manufacturing sectors was mostly responsible for the drop off.”The news of December’s private sector job gains bodes well for the overall economy, which made major strides in 2015—as indicated by the Fed’s action to close out the year. Fannie Mae reported on Thursday that consumer sentiment rose significantly to end 2015, with chief economist Doug Duncan stating that “Consumers ended the year on an improved note with regard to their income, job security, and overall economic outlook.”Duncan also noted that “Brightening economic prospects, if sustained, should stimulate demand for homeownership” provided upward pressure on rents and a low housing supply do not hamper affordability.Click here to view ADP’s complete December 2015 National Employment Report. Related Articles Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Previous: CFPB Seeks Public Comment on Home Mortgage Disclosure Act Data Points Next: DS News Webcast: Friday 1/8/2016 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Private Sector Job Market Shows No Signs of Slowing Tagged with: ADP Employment Housing Market Jobs Report The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Share Save ADP Employment Housing Market Jobs Report 2016-01-07 Brian Honea Private Sector Job Market Shows No Signs of Slowing Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago
Lizzie Mundell Perkins, a second year English student at St. Johns, sells tickets at the University church on High Street. She told Cherwell,“I used to work as a waitress and did one ten hour shift a week – it definitely affected my work and made me tired and stressed but I managed to find a job at the University Church. I do one or two shorter shifts but they are very flexible… Obviously it still takes up time but I need the money. My parents are unable to support me financially and the student loan only leaves me with £150 per term after accommodation.“I am managing fine with my academic studies, however, and my I think that the stigma that the university hold against part-time work is completely misplaced. I do sport and music to a university level and still manage to study with a job as well. Working is a great way to get outside of the Oxford bubble and I am proud to support myself financially.” A number of students are more entrepreneurial, and choose to establish their own businesses. Jamie Ohlmeyer Parker, a third year Classicist at New college, runs a business renting out white tie to students. “I was spending maybe 10-20 hours a week on it last term but there aren’t any balls this term… I treated it as a hobby more than as work… In my view it’s actually pretty easy to earn money while at Oxford if you’re creative about it. As an Oxford undergrad you can charge a minimum of £15-20 per hour for tutoring work for almost any degree and that work might be seasonal (i.e. only before exams) but it’s well paid and if you sweat your assets in the Easter and Christmas holidays I don’t see why you would need to work during term time.”Sophie Lucas, a second year History and Politics student at Univ said, “I want to go into policy research which means doing unpaid internships in the vacations. I’d like to be able to do more paid work but it’s hard to manage with career stuff and academic work and a lot of places want students to commit for longer periods of time than is possible.” A survey conducted by Cherwell has shown that the proportion of students that undertake paid work during term time is significantly lower than the national average. A report conducted by the NUS and Endsleigh Insurance showed that 57% students nationwide have a part-time job alongside their studies, with 90% of these students working as many as 20 hours a week.Comparatively, only 20% of Oxford students surveyed worked during term time and the majority of those completed less than five hours paid work per week on average. Most colleges forbid students from completing paid work outside of the college; however those colleges that have opportunities for paid employment rarely offer more than ten jobs to the whole student body which can consist of 400 people, making competition for work fierce.The proportion of Oxford students who work during the vacation, however, is almost identical to the national average at 56%. Many of those surveyed said that working in the vacations had a negative impact upon their academic performance. An anonymous Exeter student said, “I do English so doing the primary reading in the holidays is pretty key to managing the essays during term. Having to work often means I don’t get this all done as at the end of a 9-5 day I’m pretty knackered and can’t concentrate properly.”A student at Keble also commented, “College don’t make it clear enough what kind of financial support is available for those who need it, meaning that many of us choose to work excessively during the vacations, compromising our academic success.”Official estimations from Oxford University put the cost of living in Oxford for sixth months of the year (the average time undergraduates spend living in the city when accounting for vacations) at between £5,670 and £8,000. This means that students who are not eligible to receive grants or loans above the minimum amount offered by student finance face a shortfall of between £2,000 and £4,350 per annum. A student working on the minimum wage for 18-21 year olds would have to work over 850 hours each year on top of their degree to fill this deficit. This would mean working full time for 22 weeks of the year, giving students one week to devote to studying in each vacation.
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Recent years have seen much discussion regarding millennials’ entry into the workforce, spending and financial maturation. But as the oldest millennials approach 40, Gen Z banking is zooming into focus for the financial services industry.Generation Z (also nicknamed Zoomers or iGenn) is the demographic cohort born between 1997 and 2012 and represents roughly 40% of American consumers. To speak generally, this diverse generation is mobile and has an entrepreneurial spirit. As such, many are also financially minded.So, just as they’re expected to make up to 30% of the labor force by 2030, they’re also anticipated to drive trends in the financial services industry. Here are some notable pointers to consider when taking your institution from point A to Generation Z. continue reading »