President Barack Obama’s Jobs Council hit a notable milestone on Thursday: one year without an official meeting. The 26-member panel is also set to expire at the end of the month, unless Obama extends its tenure.
The group, formally known as the President’s Council on Jobs and Competitiveness, last convened on Jan. 17, 2012 for a White House session where it presented formal recommendations to Obama. It was the panel’s fourth official meeting since it was created in early 2011.
A spokesman for Jobs Council chairman Jeffrey Immelt, who’s the CEO of General Electric, referred questions about the panel’s future to the White House.
A White House spokeswoman had no comment Thursday.
Looking at what they said, is it really a big lost ?
The President’s Council On Jobs And Competitiveness met on June 13 2011 to present an initial “progress report” to the President. It includes ‘tactical steps’ to ‘spur hiring in the short term in areas like construction, manufacturing, healthcare, and tourism’. The Jobs Council believes “that if implemented, these ‘fast action’ steps can support the creation of more than one million jobs within these sectors.”
Among the ideas presented to the President: “Train workers for jobs that are open today: There are more than 2 million open jobs in the U.S., in part because some employers have a tough time finding workers with advanced manufacturing skills. We need to move quickly over the next year to form partnerships among community colleges, vocational schools and others to provide the skills training workers need.” (official statement of the Council, Interim report no more available on the web site http://www.jobs-council.com)
Job Market Monitor: One of the main policies to reduce unemployment is an active labor market policy. The OECD publishes each year data on Government investments in labor market programs like training, wage subsidies and unemployment insurance.
The term active programs is used to differentiate those measures from income support programs which are called passive labor market programs, like unemployment benefits. The term passive is used to emphasize the fact that those measures do not act on employability or behaviour. They are nonetheless absolutely necessary. This is not the point.
Gemany and the Scandinavian countries are champions of active labor market policy. This is a well known fact. But, less known is the fact that the US are not. US investment in active labor market programs before the Great recession was below the OECD average, nearly 4 times lower: 0.13% of GDP vs 0.48%.
It is generally admitted by labor economists that this is not the way out of the structural unemployment trap.
The Job Councils reports did not change that.
Full Summary Report (click on the image)
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