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NPD Report: High Unemployment Affects Aftermarket Front-of-Store and Hard Parts Sales Differently

In addition to the not-too-surprising finding that markets above and well above the national unemployment rate had lower overall sales than other markets, NPD found hard parts sales in these markets fared significantly better than front-of-store categories.

Herman Trend Alert: A Look at Job Satisfaction, Unemployment and Job Growth

The Conference Board research group recently reported job satisfaction has fallen to a record low of 45 percent, the lowest level ever recorded in 22 years of surveys.

Herman Trend Alert: The Real Story Behind the U.S. Unemployment Rate

The latest jump in the United States unemployment statistics has finally prompted us to speak out about what is really happening in the U.S. labor marketplace and what effects these changes will have on our trading partners around the globe. Last Friday, the U.S. Bureau of Labor Statistics (BLS) announced that the unemployment rate is the highest since October 2004. This 10 percent boost was the biggest percentage point gain in 33 years.

Herman Trend Alert: Higher Education and Employment in 2017

The year is 2017. Virtual worlds engage students early. Employers have established major installations in Second Life and other virtual worlds where the students can work for the employer any hour of the day or night at the organization’s office or hospital. The students love the reality of the game and the employers enjoy being able to “teach” the students their cultures — effortlessly.

Herman Trend Alert: Teen Unemployment — A Future Problem for Employers

Between 2004 and 2007, teen unemployment in the United States has hit record levels. These historic highs present a significant challenge for forward-thinking employers. We suspect that this problem is global in scope. This joblessness among teens is a real problem for employers affected by the tightening labor market. Ken Smith, president and CEO of Jobs for America’s Graduates, an Alexandria, VA-based non-profit that helps more than 40,000 youths each year transition from school to work, knows this problem well.

Goodyear Set to Offer Employment Buyouts, Plans to Discontinue Tire Production at Quebec Plant

Bloomberg reported that Goodyear plans to offer buyouts of as much as $40,000 in a move to trim some 400 hourly jobs at four USW-represented plants. The early retirement program was approved as part of Goodyear’s new master contract with the USW. In addition, the tiremaker announced it would discontinue tire production at its Valleyfield, Quebec, plant. The USW-represented plant will be transitioned to a materials-mixing-only plant by the end of the second quarter of 2007.

Automotive Collision Repair Industry to Offer Employment, Housing and Aid to Families Affected by Hurricane Katrina

The National Auto Body Council (NABC) and Collision Industry Foundation (CIF) are spearheading an effort by national, state and local collision repair associations and organizations to help individual families employed within the automotive collision repair industry displaced by Hurricane Katrina.

Herman Trend Alert: Employment Picking Up

As we completed the election campaigns in the United States, the economy showed signs of improvement. Those indicators, combined with relief that the campaigns would be over and corporate expansion could resume, stimulated job growth. Our forecasts are becoming reality.

ASE Education Foundation Names New Assistant Vice President

In her new role, Virginia Oden will collaborate with the foundation’s field managers, industry partners, and other outside stakeholders.

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Advance Foundation Gives $1.75M to Aid Military Veterans

More than 100 supplier partners of Advance Auto Parts contributed to the funding for the donation.

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