Job Market Monitor
Archive for June 2012
Slice and dice unemployment
When you’ve looked for monthly unemployment data, you have probably noticed that you can pretty readily find those data sliced by race or gender. Sometimes you can find the data arranged by age group or by educational attainment. But each of those dimensions — race or ethnicity, gender, age, and educational attainment — operate at once to … Continue reading
Youth Unemployment – How to measure it ?
The limitations of the unemployment rate as a measure of labour market conditions among the youth population is acknowledged by Eurostat, who now publish both the ratio and the rate for the population aged 15-24. (Their recent figures for Ireland for 2011 are low and may not reflect the latest Census returns.) The distinction between … Continue reading
Mass Involontary Unemployment
There is some agreement among macroeconomists that the persistently high unemployment in the late 1970s and beyond was consistent with the economists concept of involuntary unemployment. Involuntary unemployment is a fundamental concept in macroeconomics and indicates that individuals are constrained by the systemic failure of the economy to provide enough jobs and have little power … Continue reading
Job Search Tolls: 50 Objectives statements to be customized and Google’s Online Free Resume Template
Many of the objective statements below are short, but that’s about all they have going for them. Most are too general. You can and should change your resume to fit every employer and job you apply for.
Might income inequality make structural adjustments more difficult?
The growing public debt in many nations has brought fiscal rebalancing to the top of policy agendas. This means raising taxes, or cutting expenditure. Recent US experience in the US and other nations suggest the presence of structural factors accounting for resistance to tax reforms.
Canada – Skilled Workers Immigration: brakes on
Federal Immigration Minister Jason Kenney says it’s time to hit the “reset button” and temporarily put the brakes on new applications under two programs popular with skilled workers wanting to come to Canada from abroad. Kenney told a business audience Thursday that the government is placing a six-month moratorium on the Federal Skilled Worker Program … Continue reading
Employers attitudes to older workers are changing along with their desire to remain in the workforce
When the Treasury published its first Intergenerational Report (IGR) in May 2002, it alerted governments to the looming problem of an ageing population. A smaller proportion of the population would be working to support a growing proportion in retirement and relying on government services, notably health care, and income support. It was a fiscal disaster … Continue reading
The American People are angry because they are living through the worst recession since the great depression
Madam President, the American people are angry. They are angry because they are living through the worst recession since the great depression. Unemployment is not 8.2%, real unemployment is closer to 15%. Young people who are graduating high school and graduating college, they’re going out into the world, they want to become independent, they want … Continue reading
Federal Reserve Bank of Philadelphia’s coincident indexes for states decreased in nine states
The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2012. In the past month, the indexes increased in 34 states, decreased in nine states, and remained stable in seven states, for a one-month diffusion index of 50. Over the past three months, the indexes increased in 47 … Continue reading
US – Corporate Profits decreased $6.4 billion in the first quarter, a very bad news for private sector non-farm employment
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) , in contrast to an increase of $16.8 billion in the fourth quarter. Current-production cash flow (net cash flow with inventory valuation adjustment) — the internal funds available to corporations for investment — decreased $123.9 billion in the first quarter, in contrast … Continue reading
