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Emerging market economies job market more robust
‘In the advanced economies, the first months of 2011 seemed to offer the beginnings of a self-sustaining recovery, a promise that turned out to be a false dawn’ write the Bank for international settlements. If both Advanced and Emerging Market Economies (AE and EME) job markets were hit by the Great Depression, the EME wre much more robust. This … Continue reading
The Unemployment Gap in Your Resume
The Gap. It is not just a store selling reasonably priced American apparel, but also a resume nuisance. Any recruiter will tell you that one of the first things they look for are any unexplained spaces in employment history. There are many reasons people need to take time off from employment, i.e. maternity/paternity leave, personal … Continue reading
Will the 15-hour week come as a consequence of unemployment ?
Machines were rapidly replacing human labour, holding out the prospect of vastly increased production at a fraction of the existing human effort. In fact, Keynes thought that by about now (the early twenty-first century) most people would have to work only 15 hours a week to produce all that they needed for subsistence and comfort. … Continue reading
Europe: Unemployment rate linked to rise in suicides
Soaring unemployment rates across Europe caused by economic policies are a ‘public health emergency’, doctors heard at a seminar on health inequalities. Former BMA president Professor Sir Michael Marmot, author of the Fair Society, Healthy Lives report, told an interactive symposium on social and health inequalities that for every 1 per cent rise in unemployment … Continue reading
The United States College Completion Imperative: How do you think a nation will get by in the 21st century ?
The United States used to lead the world in educational attainment. We now rank 16th. Our low college graduation rates are not keeping pace globally or meet workforce demands over the next decade-plus, and are creating serious economic problems today.
Reagan Added Public Sector Jobs During a Recession
This is a huge reason for the stubborn unemployment! President Obama doesn’t have the benefit of adding public workers to the payroll, like Reagan did. Lets start right at the top, the Federal level. Under Reagan, federal government employment increased by 100,000 from the middle of the 1982 recession until the 1984. via GOP Reality … Continue reading
United States has its own money, the dollar, while Spain operates on foreign money, the euro, why ?
Why can the U.S. government borrow at some of the lowest interest rates ever, while Spain can only borrow at exorbitant rates that threaten to drive it into bankruptcy? The difference isn’t their debt and deficits. In 2011, U.S. debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, … Continue reading
Wage subsides for young workers brought forward in UK
Wage subsidies for firms hiring out of work 18 to 24-year-olds are to be triggered early in 20 deprived areas. Deputy Prime Minister Nick Clegg has announced that payments will be paid when young people have been out of work for six months instead of nine. The initiative is part of the government’s £1bn Youth … Continue reading
Long-term unemployed will begin seeing their federal jobless benefits disappear in at least 24 states
Many long-term unemployed will begin seeing their federal jobless benefits disappear starting this week. This round affects the jobless in at least 24 states, while all Americans will be affected in the fall.
Would the key element of Reaganomics (the Laffer Curve) work today? Experts say NO
The Laffer Curve by Wikipedia In economics, the Laffer curve (sometimes referred to as the Laffer-Khaldun curve) is a hypothetical representation of the relationship between government revenue raised by taxation and all possible rates of taxation. It is used to illustrate the concept of taxable income elasticity – that taxable income will change in response to changes in the rate of taxation. The Laffer … Continue reading
The new Intergenerational Fairness Index shows that overall intergenerational unfairness has worsened in each successive year since 2000
On 26 June 2012, the Intergenerational Foundation marked the formal launch of the Intergenerational Fairness Index, representing the first attempt which has ever been made to systematically measure intergenerational unfairness across time by tracking a range of indicators.
Are People Really Working From Home ? 43 percent watch TV or a movie
A new survey by Citrix (CTXS), the Fort Lauderdale (Fla.) company that designs technology for employees to work remotely, shows that many people sneak in other activities while working from home. Based on a survey of 1,013 American office workers, conducted in June by Wakefield Research, 43 percent watch TV or a movie and 20 … Continue reading
How will Italy go out of euro purgatory ?
Antonio Fazio, the disgraced former governor of the Bank of Italy, warned half-jokingly in 1998 that the euro would not be paradise but a “purgatory” that would demand years of pain and sacrifice. Currently appealing a conviction for improperly trying to influence a bank takeover in 2005, Fazio is not much listened to these days, … Continue reading
HP – 9,000 jobs trimmed in U.S.
Hewlett-Packard plans to trim its workforce by about 9,000 in the U.S. as part of its long-term plan to reduce 27,000 jobs worldwide by fiscal 2014, a source familiar with the company’s plans said. HP in May said it was cutting about 8% of its workforce through a combination of layoffs and retirement offers in … Continue reading
Skilled Worker Shortage: Perhaps we don’t understand the problem well enough
We’ve been seeking solutions to manufacturing’s skilled worker shortage for so long, I have to conclude: Perhaps we don’t understand the problem well enough to either effectively communicate our needs to the potential workforce or to change our hiring practices… The question is: Do you think the general populace knows this fact or understands its … Continue reading
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