The US Labor Market Is In A Full-Blown Depression

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Joseph Stiglitz on “The Price of Inequality: How Today’s Divided Society Endangers Our Future”
democracynow.org – NERMEEN SHAIKH: We turn now to an issue that’s gained increasing prominence in the last year: increasing inequality in the United States and the divide between the richest 1 percent and the rest of…

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The states with the widest gap between rich and poor – Bottom Line
bottomline.msnbc.msn.com – Scene form New York City: A businessman walks by a homeless woman begging for money. New York tops the list of states where the wealth gap is greatest. While some income inequality is generally con…

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Certificates are misunderstood credentials that pay off — mostly for men
insidehighered.com – The certificate is the odd man out in the debate over college completion. But the rarely discussed and little-understood certificate is the fastest-growing form of college credential, and a key com…

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Layoffs coming at state labor department
www2.turnto10.com – The director of the Rhode Island Department of Labor and Training said Wednesday that the agency will lay off 60 to 70 people. Director Charles Fogarty said the cuts will be made in the Unemploymen…

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THQ’s San Diego Studio Hit By Layoffs Following The Loss Of The UFC License
ripten.com – As covered in a previous article we published regarding a pre-E3 2012 press conference from Electronic Arts (EA), one of the highlights of the presentation was their acquisition of the Ultimate Fig…

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Siemens Announces Layoffs – capradio.org
capradio.org – The company announced the layoffs to its workers saying there was too much staffing compared to the amount of current and expected business. The announcement came as a surprise to many, especially …

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Letters: Cross-border shopping and jobs
montrealgazette.com – Re: “Shopping in the U.S. is a threat to our jobs” (Gazette, June 5). Have a look where almost all goods are made. Next to none are made in Canada. Retailers have long abandoned Canadian manufactur…

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Weak jobs report seen fueling drive to force Obama on Keystone | Energy | News
business.financialpost.com – A sputtering U.S. job market is encouraging supporters seeking to force President Barack Obama to approve TransCanada Corp.’s Keystone XL oil pipeline before the November election. A report last we…

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Albertsons Announces Layoffs in All Stores – Rancho Santa Margarita, CA Patch
ranchosantamargarita.patch.com – Albertsons announced plans today to reduce its workforce by 2,200-2,500 positions, affecting all 247 California and Nevada stores, including several in Orange County. “A decision of this nature is …

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Sri Lanka Cricket to cut jobs
dailymirror.lk – Sports Minister Mahindananda Aluthgamage informed Parliament a short while ago that staff on contract basis at the Sri Lanka Cricket is to be cut by 60 percent soon. He said that the decision has b…

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Sterling will lay off 63 employees in Vancouver
columbian.com – Sterling Bank, which this year acquired Vancouver-based First Independent Bank, has filed notice that it will lay off 63 workers in Vancouver effective August 3. Spokane-based Sterling had anticipa…

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Video: More layoffs expected for RIM – The Globe and Mail
theglobeandmail.com – Subscribe now and get The Globe and Mail the way you want it. Enjoy the convenience of having The Globe and Mail delivered right to your door, your mobile phone and computer. From exclusive content…

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BIG Messenger: Get used to a life of layoffs
bigmessenger.net – Are technology companies sick? Hewlett-Packard certainly is. The venerable behemoth announced it will implement a restructuring that includes eliminating 27,000 jobs. HP tried to bring itself aroun…

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BigCityLib Strikes Back: More Layoffs, Dropped Editions Coming To Sun Media?
bigcitylib.blogspot.fr – News of the latest at Postmedia has prompted speculation among the folks at theDropping weekend editions has already been discussed among Sun Media management, though not yet implemented. Further…

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Americans Cling to Jobs as U.S. Workforce Dynamism Fades – Bloomberg
bloomberg.com – After 4 1/2 months of meetings, interviews and hand-holding, personnel recruiter William Rowe thought he had sealed the deal. The senior executive of a major corporation Rowe had been courting fina…

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Yellen argues for more Fed easing amid Europe risk
reuters.com – Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, p…

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Australian Employers Add 38,900 Jobs as Currency Jumps – Businessweek
businessweek.com – Australian employers unexpectedly added workers in May, the third straight monthly increase, as the nation’s resource-driven economy spurs hiring. The local dollar headed for its longest streak of …

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Ernst & Young: Despite Tough Economic Times Entrepreneurs Are Creating Jobs and Growth
financialpost.com – While other businesses struggle to create jobs, entrepreneur led companies expanded their workforce by 16% in 2011. , a survey of 400 of the world’s leading entrepreneurs released today by Ernst & …

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Asean integration could see brain drain, economist warns
asianewsnet.net – He also said Asean had created an emergency credit line worth US$240 billion to shield member states from volatility in financial markets. A surveillance mechanism has also been set up to warn memb…

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No jobs boom – but not a bust either
theage.com.au – Although the unemployment rate rose to 5.1 per cent, nearly 40,000 jobs were added in May. BusinessDay’s Chris Zappone reports. Today’s jobs figures are positive news for the economy. While unemplo…

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Romney’s Bain Capital did not create 100,000 jobs – Outside the Box – MarketWatch
marketwatch.com – Intraday Data provided by SIX Telekurs and subject to terms of use. Historical and current end-of-day data provided by SIX Telekurs. Intraday data delayed per exchange requirements. Dow Jones Index…

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France eyes layoffs clampdown as unemployment climbs
reuters.com – Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, p…

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American’s managers face 4th round of layoffs
tulsaworld.com – Read all coverage of American Airlines, including bankruptcy issues. A fourth round of management layoffs became effective at bankrupt American Airlines on Wednesday, although company executives pr…

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What jobs has Apple created?
digitopoly.org – It turns out Apple has an answer to this question: 514,000 in the US. 304,000 of those are either jobs at Apple or at companies that supply them. Another 210,000 are iOS app economy jobs but let’s …

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Jobs taking the last bus out of Pittsburgh
grist.org – A lot of the jobs that people have are jobs facilitating other people doing their jobs. A brief spasm of unemployment, even if it’s intense, can be quickly reversed. But the longer the economy oper…

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UConn hiring plan includes 65 new faculty in fall – Norwich, CT – The Bulletin
norwichbulletin.com – The University of Connecticut is moving forward with a plan to hire 275 new faculty members and said Wednesday that 155 should be in place before the fall of 2013. UConn president Susan Herbst anno…

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Layoffs On Hold For Tamms | WSILTV
wsiltv.com – 0 Comments Email this article Tweet Digg Print this article By Sam Smith By Andy Shofstall TAMMS — The fate of Tamms prison is still up in the air, but worker layoffs are on hold for now. The Gene…

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With Youth Unemployment This High, Remind Me What’s So Bad About Vocational Education?
thenation.com – The Times’s Catharine Rampell has reported an important story about the bleak economic prospects for young people with just a high school degree. Only about a third of this group is employed full-t…

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Joseph Stiglitz: Romney’s Plan Will ‘Increase Likelihood Of A Recession’
huffingtonpost.com – With the presidential election just months away, one Nobel Prize-winning economist seems to have made up his mind. Left-leaning economist and Columbia professor Joseph Stiglitz told Bloomberg Monda…

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Miserable May jobs report suggests U.S. in recession red zone « The Enterprise Blog
blog.american.com – [THIS POST WILL UPDATE AT BOTTOM OF PAGE AS EVENTS UNFOLD …] The May jobs report was a complete and utter disaster for the economy and, perhaps, President Obama’s chances for reelection. Employer…

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‘Little Worry’ At Federal Reserve About Another Recession, ‘WSJ’ Says : The Two-Way : NPR
npr.org – Job seekers lined up at a jobs fair in Portland, Ore., earlier this year. Midway through a Wall Street Journal story today about whether the Federal Reserve will do something in coming weeks to giv…

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Stephen Harper Recession Plan Could Be Short On ammo, Say Analysts
huffingtonpost.ca – OTTAWA – Stephen Harper says Canadians can rest assured the government has a Plan B in place should another recession strike. But analysts warn a second slump now or in the near future may not look…

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Newt Gingrich: Obama’s long job recession is unprecedented
humanevents.com – Compare the Obama employment numbers for May with Ronald Reagan in the same month of his first term or with Mitt Romney at the end of his four years as governor of Massachusetts and you will see wh…

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Stephen Kinsella: Why aren’t we talking about unemployment? – Analysis, Opinion – Independent.ie
independent.ie – Just look at today’s papers. There will be articles about bank bailouts for Spain and perhaps for Ireland, articles on household charges (remember those, they didn’t go away), articles on Ireland’s…

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Florida denies unemployment benefits to thousands, groups say – Tampa Bay Times
tampabay.com – TALLAHASSEE — With Florida’s unemployment rate at a three-year low of 8.7 percent, Gov. Rick Scott says his policies are helping drive the state’s economy on the “path to recovery.” But in a detail…

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High Schools Grads ‘Scarred’ By High Unemployment : NPR
npr.org – Columbia High School graduates walk to their commencement ceremony in Nampa, Idaho. A new Rutgers University study says nearly half of recent high school graduates are still looking for full-time w…

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French unemployment rate rises to 10 percent – seattlepi.com
seattlepi.com – PARIS (AP) — France’s official statistics agency says the country’s unemployment rate climbed to 10 percent in the first quarter — the highest level in more than 12 years. The Insee statistics inst…

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Unemployment data highlights growing educational divide – Life Inc.
lifeinc.today.msnbc.msn.com – If you want to get a job in this economy, it’s becoming increasingly clear that you better also be thinking about getting an education beyond just a high school degree. The government reported Frid…

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Australian unemployment up to 5.1% – Channel NewsAsia
channelnewsasia.com – SYDNEY: Australia’s unemployment rate rose to 5.1 per cent in May, data showed Thursday, despite the creation of 38,900 jobs. The Australian Bureau of Statistics (ABS) said the jobless rate inched …

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Behind the Numbers: Slow Job Growth is a Problem; Long-term Unemployment is a Crisis | Business
business.time.com – Any way you slice it, Friday’s jobs numbers were a huge disappointment. Forecasters were expecting 150,000 jobs added, and even that figure would have represented mediocre job growth. But the actua…

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Greece Warns of Going Broke as Tax Proceeds Dry Up – European Business News – CNBC
cnbc.com – As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money. Nikos Lekkas, a government official, said banks had hindered his efforts to collect ba…

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Discover the Inner Workings of a Psychologist Career
careerealism.com – 18 Interview Questions You Must Be Prepared to Answer · Download Your Copy » This is a true story as told to JustJobs Academy which houses career interviews and job search advice for professionals …

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Interview with Greek Writer Nikos Dimou on Crisis – SPIEGEL ONLINE
spiegel.de – Thirty-seven years ago, Nikos Dimou, who is now 76, wrote a book of aphorisms titled “The Misery of Being Greek,” which was published in 1975. In the book, he wrote that a Greek does “everything he…

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Greek March unemployment climbs to record 21.9%
athensnews.gr – OAED unemployment agency deals with a growing number of citizens Greece’s jobless rate scaled a new record high of 21.9 percent in March from a revised 21.4 percent in February as the debt crisis a…

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Will Greece and Spain’s youth jobs crisis spread to the UK? – Telegraph
telegraph.co.uk – The gap between supply and demand runs deep into crisis-hit eurozone countries, according to a recent report by the ILO. It is so severe, the ILO in part blames the skills gap for youth unemploymen…

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Siemens Rail Systems plans 44 job cuts at Sacramento light-rail facility – Sacramento Business Journal
bizjournals.com – Siemens Rail Systems on Tuesday said it is eliminating 44 positions at its Sacramento manufacturing plant. “This action is necessary to align staffing with the current business and project volume,”…

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Union asks Brazil’s Embraer to avoid layoffs
reuters.com – Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, p…

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WYMT – Home – Headlines
wkyt.com – Nearly 200 people are out of work at a Pike County coal company. Central Appalachian Mining (CAM) in Pikeville laid off 193 people yesterday. Officials with CAM’s parent company, Rhino Resource Par…

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PERSPECTIVE: EI or the mines?
canadianminingjournal.com – Disclaimer Note: By submitting your comments you acknowledge that Canadian Mining Journal has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatso…

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Pilgrim’s Pride announces 105 more layoffs in Chattanooga
timesfreepress.com – The Chattanooga Pilgrim’s Pride deboning plant will lay off 105 more workers by Saturday for a total of 190 jobs cut in less than a month. Company officials expect this will be the last round of la…

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Gender Gap Expands As Men And Women Age, Data Shows
huffingtonpost.com – Women are paid less than men in their first jobs out of college — 5 percent less, according to the American Association of University Women — but new data from Payscale.com, a website that collec…

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QR National confirms 500+ jobs to go
news.com.au – QR National will slash more than 500 jobs from its workforce as part of a major restructuring and cost drive. The company, which was sold off by the State Government in 2010 as part of the controve…

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RIM layoffs could affect up to 6,000
montrealgazette.com – Research in Motion Ltd. is preparing for a major restructuring beginning in the next couple of weeks that will see it eliminate at least 2,000 jobs worldwide, the Globe and Mail reported on Saturda…

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University announces employee layoffs
kykernel.com – University of Kentucky President Eli Capilouto acknowledged reductions in the university workforce in a email distributed campus-wide at 5:30 p.m. Tuesday. Capilouto said the layoffs are to offset …

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Min wage policy may hinder employment – Latest – New Straits Times
nst.com.my – The government recently announced minimum wages of RM900 for Peninsular and RM800 for Sabah and Sarawak. The survey, participated by 1,520 human resource personnel, revealed that 44 per cent disa…

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Study: Vocational certificates can payoff more than a bachelor’s – USATODAY.com
usatoday.com – Good news for new high school graduates who don’t think college-level algebra or freshman English is their thing. A study released Wednesday finds that certificates awarded through short-term vocat…

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Lessons from Canada on skilled migration – The Drum Opinion (Australian Broadcasting Corporation)
abc.net.au – The avalanche of ignorance accompanying the coverage of the policy to import skilled foreign workers has been extraordinary, even for a media landscape as small-minded as Australia’s. While the Aus…

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United says more job cuts possible – Houston Chronicle
chron.com – Chicago-based United Airlines is leaving the door open for more job cuts in Houston related to its merger with Continental Airlines. United, now the world’s largest airline, said Tuesday it wouldn’…

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Goldman Cuts Jobs to Reduce Costs – Zacks.com
zacks.com – According to New York Times, The Goldman Sachs Group Inc. (GS – Analyst Report) is moving ahead with its cost cutting strategies. Last week, the bank sacked 50 employees, including some managing di…

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Germany to Lack 3 Million Skilled Workers by 2025, Bild Says – Bloomberg
bloomberg.com – Germany faces a shortage of 3 million skilled workers by 2025, the Bild-Zeitung reported today, citing experts it didn’t name. To help fill the gap, the government will seek to attract more qualifi…

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GM cuts confirm factory jobs gone for good | FP Comment
opinion.financialpost.com – In the 21st century, they’re giving way to service jobs at places like Telus By Jason Langrish GM will cut 2,000 jobs at its Oshawa plant, another hit for a beleaguered sector of the Canadian econo…

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Sky News: Leading index points to slow jobs growth
skynews.com.au – The federal government’s leading employment index is pointing to slower jobs growth in coming months. The federal Department of Education, Employment and Workplace Relations indicator of employment…

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Otago Wool Firm Announces Layoffs?
topnews.net.nz – The textile workers’ union stated that layoffs at a major North Otago wool facility are reflective of the difficulty makers are confronting crosswise the nation. Following discussion with FIRST Uni…

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Alvarion implementing layoffs and pay cuts – Globes
globes.co.il – Alvarion gave few details about these measures, simply saying, “The company will also reduce expenses including a global wage reduction for all employees, along with adjustments to headcount.” Alva…

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Students come face to face with the jobs market | Education
guardian.co.uk – Every student reaches that anxious moment when their degree ends, and suddenly they have to face the real world. With one in three graduates in a lower skilled job, the appetite for gap years at an…

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Pfizer to cut 177 jobs in Cork – The Irish Times – Wed, Jun 06, 2012
irishtimes.com – Pharmaceutical company Pfizer has announced it will cut 177 jobs at two plants in Co Cork. The positions will be reduced during 2013 at the company’s two manufacturing sites in Little Island and Ri…

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Diageo to create 1,000 jobs in £1bn Scotch whiskey expansion to meet emerging market demand
thisismoney.co.uk – PUBLISHED: 09:12 GMT, 6 June 2012 | UPDATED: 09:12 GMT, 6 June 2012 Diageo is to invest £1billion in its Scotch whiskey production over the next five years to meet growing demand from the emerging …

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German workers lead EU ‘green jobs’ revolution
euractiv.com – According to the latest report from the International Labour Organisation (ILO), the drive for revamping Europe’s building stock has already had a profound impact on employment. The building renova…

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U.S. job creation weapon against China in Africa – The Daily Iowan
dailyiowan.com – U.S. job creation weapon against China in Africa BY GUEST COLUMN | JUNE 06, 2012 6:30 AM Every year, thousands of African students graduate from American universities. Some of them go back to Afric…

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US economy unlikely to slip back to recession |Americas
chinadaily.com.cn – WASHINGTON – The possibility of the US economy sliding back to recession is very small despite the fragile economic recovery, US billionaire investor Warren Buffett said on Tuesday. The US economy …

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What recession? IIT grad bags Rs 70 lakh job with Twitter
firstpost.com – Indian grads are Valley favorites. A good case in point is Swapnil Jain, an IIT Delhi graduate who bagged a job at micro-blogging site Twitter for Rs 70 lakh. Jain will join Twitter’s team at the c…

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Portugal Appears Poised for Second Bailout as Unemployment Spikes
foxbusiness.com – Surging unemployment is stretching Portugal’s austerity program to breaking point, and its international lenders are likely to respond by giving the country more time to hit its budget targets, lik…

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Romney Hits at Obama for High Hispanic Unemployment – TheStreet
thestreet.com – NEW YORK (TheStreet) — Mitt Romney highlighted Hispanic unemployment as it appeared the GOP nominee is attempting to narrow his unfavorable polling numbers. Romney’s campaign released a Web ad Tue…

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May Unemployment Rate 2012 & May Jobs Report Affects Latinos
latina.com – The Bureau of Labor and Statistics has released a new jobs report, which showcases that Latino unemployment rates increased from 10.3% to 11% in April. The economic recession has also hit the Afric…

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In Pittsburgh A Bad Economy Leads To Transit Cuts, and Transit Cuts Lead to Unemployment
mobile.slate.com – Put this down as another example of what hysteresis looks like. The process by which cyclical unemployment turns “structural” is not some mythical transformation. A lot of the jobs that people have…

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Is Lack of Worker Skills Responsible for High Unemployment? « unsettling economics
michaelperelman.wordpress.com – David Wessel had an interesting article about the effect of one area of corporate cutbacks — human relations. HR departments adjust by relying on electronic services to evaluate applications. The…

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Asian Americans and Unemployment » Sociological Images
thesocietypages.org – The Economic Policy Institute recently released a report looking at the impacts of the recession and its aftermath on the Asian American population. Due to the model minority stereotype, Asian Amer…

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Most state economies still recovering after recession – USATODAY.com
usatoday.com – The residents of only nine states have returned their economic output to the level that existed before the downturn struck at the end of 2007 — and most of those states are energy producers, accord…

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Susan Popoola: Why it’s time to take a strategic approach to skills (XpertHR – Employment Intelligence)
xperthr.co.uk – Could a strategic approach to talent management enable the UK to maintain its position in the global economy? In today’s guest blog post, Susan Popoola explores this topic – which is just one of th…

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Posted by Natisha | February 22, 2014, 8:14 pm