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Cape & Islands Workforce Investment Board
Weekly Update 

Volume: 6 Issue: #36

May 1st 2009

Greetings!

Unemployment Insurance Weekly Claims Report Update

In the week ending April 25, the advance figure for seasonally adjusted initial claims was 631,000, a decrease of 14,000 from the previous week's revised figure of 645,000. The 4-week moving average was 637,250, a decrease of 10,750 from the previous week's revised average of 648,000.

Youth Council's  Successful Career for a Day! 

The second annual Cape & Islands Youth Council's Career for a Day event was held Thursday, April 23rd, 2009 and engaged middle school students from the Boys & Girls Club, YMCA, and Big Brothers/Big Sisters.  Three separate tour routes were arranged in advanced, two in the Mid-Cape and one on the Upper Cape, and throughout the day seventeen area businesses opened their doors to students.  Each business gave the students a tour of the company, and spoke to them about the role and education and training in their career, as well as about the range of careers available at their company. 
 
RHCI in Sandwich hosted the opening and closing activities that day, as well as giving tours of their facility.  The Box Lunch of Hyannis was generous enough to donate lunches to the students that day.  The other area businesses that participated were:

FedEx
Cape Codder Resort
Hyannis Fire Station
Yarmouth Police Station
Hyannis Toyota
Infor
Cape Air
Shepley Wood Products
YMCA
WXTK Radio
Massachusetts Military Reservation Installation
U.S. Corps of Engineers Traffic Control Center
Pairpoint Glass
Kingman Marina
Barnstable County Sherriff's Correctional Facility
National Marine Life Center

 

The Youth Council's Mentoring Committee, which planned the day, thanks everyone who participated and looks forward to coordinating the event again next year.

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The Benefits of Mentoring

In 2006, Sun Microsystems, a large technology company, conduct­ed a study of more than 1,000 of its employees to determine if its mentor program was helping to create quality workers who stayed at the company. The answer was a resounding yes. The study conclud­ed that "mentoring has a positive impact on mentors and mentees, producing employees that are more highly valued by the business." It found that employees who participated in the mentorship pro­gram were five times as likely to be promoted as those who did not participate in the program. Seventy-two percent of employees who participated in the mentoring program remained at the company for at least five years. Only 49 percent of employees who did not participate in the mentoring program stayed at the company for at least five years.
One unexpected finding from the study was that high-achieving workers received the least benefits from the mentor-ship program.  This surprised company executives since most mentorship programs are established to help identify and develop top workers.

QUICK LINKS


ciwib.org

Will You Have Enough Income In Retirement?


Learn how to:
> Assess your retirement income needs
> Potentially reduce or minimize market risk
> Obtain a stream of income in retirement for
you and a spouse

Hosted By: Robert M Thorne CRPC ®
Date: May 14th, 2009
Time: 3:00 PM - 6:00 PM
Location: Ardeo Grille 81 Kings Circuit, Yarmouth Port, MA

The event is FREE!!! Refreshments will be served!

 

Seating is limited. Please call to book your reservation today!

To RSVP, please call: (508) 362-1008 #1/Paula

Don't miss this important and informative seminar
that may change the way you think about your retirement!


Take charge of your retirement.
What you do now will affect the resources you have in retirement.
To help you get ready for retirement, please join us for a free retirement planning seminar.

Employment Declines/Growth By Industry

Some industries have been hit harder than others by the recent economic recession-a fact that job seekers should keep in mind during their job search.The US Department of Labor reports that the following industries reported the most significant levels of job losses or gains from July 2007 to July 2008.

The Bad News: Industries That Lost |obs

Construction
-482,000

Manufacturing
-394,000

Wholesale and Retail Trade
-223,000

Financial Activities
-116,000

Professional and Business Services
-69,000

Information
-48,000

Transportation and Utilities
-20,000

The Good News: Industries That Gained lobs

Education and Health Services
+552,000

Government
+361,000

Leisure and Hospitality
+ 186,000

Natural Resources and Mining
+53,000

Source: US Department of Labor

Upcoming Meetings
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  • Leadership Committee Meeting: Tuesday May 5th 12:00pm WIB office
  • YC WIA Committee Meeting: Monday May 11th 9:00am WIB Office
  • CAMP Meeting: Monday May 11th 3:00pm WIB Office
  • YC Executive Committee Meeting: Tuesday May 12th 9:00am WIB Office
  • Planning Evaluation Committee Meeting: Wednesday May 13th 1:30pm WIB Office
  • WIB Executive Committee Meeting: Wednesday May 20th 8:00am WIB Office
  • Youth Council Meeting: Thursday May 21st 12:00pm WIB Office
  • Board of Directors Meeting: Tuesday May 26th 8:00am WIB Office


   

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