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Outrunning a Recession

 

 Outrunning a Recession

A near-term recession is possible, but recent economic data suggest the economy is staying ahead of it. The latest is the September retail sales report released this morning by the Census Bureau, revealing a seasonally adjusted 1.1 percent increase in total sales during the month and a 0.5 percent gain in core sales, which excludes autos and gas. Motor vehicles led with a gain of 3.6 percent. Other strong performers included clothing & accessories (+1.3 percent), food services & drinking establishments (+1.2 percent) and furniture & home furnishings (+1.1 percent).

There are casualties in the retail space, too. Tim Van Noord, our intrepid research manager in Grubb & Ellis’ Boston office, confirmed that the Good Newstand (sic) is no longer in business. On his way back to the office, Tim said he passed shuttered Borders and Barnes & Noble stores as well. But in search of good news, Tim ventured to nearby Cambridge, where Google just expanded by 60,000 square feet and Microsoft has announced an expansion. Tim says people are “opting out of print media and using smart phones, iPads and other devices to get their news in digital form.”

Gap Inc.’s announcement that it will shutter a fifth of its namesake stores stands in contrast to the jump in clothing sales last month. Retail has long been one of the most competitive property sectors, and Gap’s problems are due mainly to overexpansion, merchandising missteps and aggressive competition.

Consumer spending, while not strong, has been enough to keep the economy afloat, which is important because it accounts for 70 percent of total GDP. The economy has been a factor in recent closings such as Borders and downsizings such as Gap, but the bigger factor has been aggressive competition from other retailers in the case of Gap and new technologies in the case of Borders.

Have a great weekend.

Best regards,
Bob

Robert Bach
SVP, Chief Economist
Grubb & Ellis
312.698.6754

 

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© 2011 Grubb & Ellis, all rights reserved.

 

Sam’s Club Midwest City Urgently Seeking to Add to Staff!

National Veterans Hiring Event Comes to Midwest City

“Hiring Our Heroes” – A Veterans Hiring Event

9:00 am – 3:30 pm – October 3, 2011

Sheraton Midwest City Hotel at the Reed Conference Center

5750 Will  Rogers Rd.

Midwest City, Oklahoma


This is the  Oklahoma edition of the veterans hiring event that the  British Royals,  William and Kate, appeared at during their California tour.


  • Veterans can register for the career fair online FOR FREE at http://hiringheroes.eventbrite.com/. Registration is required to enter the Career Fair.  You will receive a printable PDF admission ticket.  Please print the ticket and bring it with you to the career fair.

  • When you register, please provide complete, accurate and clear information.   This information will be forwarded to our “Featured Employers.”

  • Employers who wish to participate in the Hiring Our Heroes Veterans Hiring Event can enroll on line at http://hohemployer.eventbrite.com/. Or, you may download and complete our Employer Enrollment Form.  The Employer Enrollment Form also provides participation details. If you choose this option, please follow instructions on the form in order to complete your “Featured Employer” registration.

Many Good Jobs Available at May 13th Career Fair

If you know someone who needs a new career, please have them check out the career opportunities listed below! These are only some of the career opportunities available at our May 13th Career Fair at the Rose State College Student Center from 10 am – 3 pm.

  • Dell, Inc.
Enterprise Technical Support Senior Analyst High Complexity – Linux / Microsoft
Enterprise Technical Solutions Analyst
Enterprise Disk Storage Technical Support Specialist
Enterprise Technical Support Analyst – Proactive Maintenance
  • Pratt & Whitney
Line Inspectors
F117 Operations Manager
Eagle Supply Component Repair Engineer
F119 Master Production Scheduler
Process & Methods Engineer
Production Materials Controller
Master Scheduler
F135 Operations Manager
  • National Bureau of Collections
Telephone Warrant Collector
Telephone Debt Collector
  • Mid-America Christian University
Enrollment Counselors
Graduation Coaches
Adjunct Faculty
  • Oklahoma City Housing Authority
Maintenance
Clerical
Security
  • Braum’s
Store Manager
Assistant Store Manager
Bakery Personnel
Ice Cream Plant Personnel
CDL Delivery Drivers
Warehouse Associates
  • Central Oklahoma Workforce Investment Board
COWIB has 18,000 jobs open in our 4-county area.

This is only a partial list of the companies and opportunities available at the career fair.

Will you help us get the word out to Vets, dependents and other career seekers?

Career seekers should go to http://aftercareersregistration1.eventbrite.com/ to register. We ask for a lot of information. However, if the career seeker is unable to attend the career fair, this information will be forwarded to our Preferred Employers. These employers (at their discretion) may contact the job seeker if their education and experience match a job opening.

We do not exclude any career seeker from attending the career fair. However, we would especially request your assistance in getting the word out to displaced or transitioning veterans and military civilian personnel.

  • Forward this to anyone you know who may need a good or better career opportunity.
  • Place one of our career fair posters in your place of business. Contact the Chamber at 405.733.3801 for posters.
  • Tell your friends and neighbors about AfterCareers.

The following is a list of organizations presently committed to be available for career seekers:
Arvest Bank, Booz Allen Hamilton, Braum’s Ice Cream and Dairy Stores, Dell, Inc., DeVry University, First Command, HEBCO, Inc., L-3/MID, Love’s Travel Stops & Country Stores, Mid-America Christian University, National Bureau of Collections, Oklahoma City Housing Authority, Oklahoma City University, Orion International, Pratt & Whitney, State of Oklahoma Office of Personnel Management, Central Oklahoma Workforce Investment Board, OESC Veterans Center, Guthrie Job Corps Center, Rose State College, RSVP of Central Oklahoma, St. Gregory’s University,Tinker AFB Airman and Family Readiness Center.

Additional organizations may confirm their participation prior to May 13th.

Admission to the Career Fair is FREE!

Registration is Required!

CLICK HERE TO REGISTER FOR THE CAREER FAIR

See You at the AfterCareers Career Fair!

Dave Burnett, Director

Produced in collaboration with the Tinker Airmen and Family Readiness Center, the Workforce Oklahoma Veterans Center, the Central Oklahoma Workforce Investment Board and the Midwest City Chamber of Commerce Economic Development Department

Pratt and Whitney Recruits at May 13th Career Fair

Pratt and Whitney will be recruiting at the May 13th AfterCareers Career Fair in the Student Center at Rose State College May 13th from 10:00 a.m. – 3:00 p.m.

Pratt and Whitney has the following position vacancies:

Line Inspectors

F117 Operations Manager

Eagle Supply Component Repair Engineer

F119 Master Production Scheduler

Process & Methods Engineer

Production Materials Controller

Master Scheduler

F135 Operations Manager


Career Fair Registration is required for admission.

Register for the career fair online FOR FREE at: http://aftercareersregistration1.eventbrite.com/

Pratt and Whitney’s Career Site is www.prattcareers.com

Never Underestimate Rate of Change

By on April 4, 2011 at 1:09 pm in Business Trends,The Economy,Tinker,Tinker AFB

Never Underestimate Rate of Change: Senior leaders need to make sure they don’t underestimate how much change can occur in a decade, especially in the cyber domain, said Maj. Gen. Edward Bolton, Air Staff director of cyber and space operations, last week at AFA’s CyberFutures Conference. The biggest shift, he predicted, likely will be in the “exponential use” of smaller and more capable mobile devices. “Things that used to require you to be in working on the main frame . . . can now be done on the metro,” said Bolton. However, more reliance on such communications also means more vulnerabilities that others could exploit. The coming years also will bring a “dramatic increase” in the number of Internet users. Today, one-third of the world’s one billion Internet users live in Asia. China, he said, is developing its cyber specialists “the way Russia used to develop athletes.” Training begins at a very young age and becomes increasingly more competitive, he said.

Courtesy: Air Force Association Daily Report for April 4, 2011

GO TO airforce-magazine.com

Career Fair Scheduled Near Tinker AFB

CLICK HERE TO REGISTER for the next AfterCareers Career Fair to be held on Friday, May 13th 10:00 a.m. – 3:00 p.m. at the Rose State College Student Center.

Tinker Releases 2011/2012 Hiring Plan

By on January 18, 2011 at 11:53 am in Uncategorized

 

Tinker 2011/2012 Hiring Plan

Corporate Cash Reserves at 60 Year High!!!

By on December 14, 2010 at 8:25 am in Business Trends,Economic Recovery,Employment Trends

Cash and other liquid assets on the balance sheets of non-financial businesses totaled a record $1.93 trillion at the end of the third quarter. This equated to 7.4 percent of their total assets, the highest share since 1959. Companies are stockpiling cash as a buffer against a potential future disruption to the financial sector that might hinder their ability to borrow. A wait-and-see attitude regarding the strength of the economy also is playing a role. When businesses feel more confident in the stability of the financial system and the durability of the recovery, they will begin to deploy these resources to buy new equipment and expand their payrolls. As that occurs, tenant demand for commercial real estate likely would increase from the very modest levels seen thus far in the recovery.

Need more information? Contact:

Robert Bach
Senior Vice President, Chief Economist
312.698.6754

Source: Federal Reserve, Grubb & Ellis

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