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There have been only two administrations that turned in a worse performance in private-sector job growth says NYTimes.com

The December jobs figures out today indicate that there were 725,000 more jobs in the private sector than at the end of 2008 — and 697,000 fewer government jobs. That works into a private-sector gain of 0.6 percent, and a government sector decline of 3.1 percent. In total, the number of people with jobs is … Continue reading

Where The Jobs Are: ZeroHedge on The Jobs Gerontocracy

Tyler Durden of ZeroHedge writes: A good jobs report? Sure, if one is 55 and over. In December the American jobs gerontocracy continued its relentless course … some 2.7 million jobs in the 16-55 year old category have been lost. The “offset”: 4 million jobs for Americans between 55 and 69. For all those young people … Continue reading

Update – US / An increase of only 28,000 persons saying they have a job: proportion at work declined

The last Employment Report for 2012 is fresh out. Comments will focus on the fact that Nonfarm payroll employment rose by 155,000 and the unemployment rate was unchanged at 7.8 percent. All that is true but… there is a big bad news. An important indicator coming from the household survey is the Employment-population ratio which , in short, … Continue reading

Stress at Work / The Top 10 Most Stressful and Least Stressful Jobs

The least stressful jobs  1. University Professor  Median salary: $62,050 2. Seamstress/Tailor Median salary: $25,850 3. Medical Records Technician Median salary: $32,350 4. Jeweler Median salary: $35,170 5. Medical Laboratory Technician Median salary: $46,680 6. Audiologist Median salary: $66,660 7. Dietitian Median salary: $53,250 8. Hair Stylist Median salary: $22,500 9. Librarian Median salary: $54,500 10. Drill Press Operator Median salary: $31,910 MOST STRESSFUL … Continue reading

Germany / Gender Gap / Women Fill Mini-jobs

Women in West Germany work more low-paid mini-jobs – positions exempt from taxes and national insurance contributions with a monthly wage cap of €450 – than any other group in the country, according to the Hans-Böckler economic and social research institute. In some areas in North Rhine-Westphalia, Rhineland Palatinate and Lower Saxony mini-jobs make up … Continue reading

US / Real Wages are 11% lower than they were in 1973

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India / Unemployment Insurance / Uttarakhand removes the cap of one person per family

The Uttarakhand government today decided to liberalise norms for the unemployment allowance scheme in the face of stinging criticism from the opposition. The scheme, which was launched with much fanfare on November 9 last year, had failed to find favour with the jobless mainly due to its stringent norms. The scheme had covered only 834 … Continue reading

UK / University / Applications down since 2 years

University applications from UK students are down for the second year running, official figures show. Ucas admissions data from mid-December show applications from English students at their lowest since 2009. The trebling of maximum tuition fees saw a drop in applications for autumn 2012 but university leaders hoped demand would recover in 2013. A Ucas … Continue reading

US / Unemployment Benefits / An increase of 10,000: two out of three employment-related reports were positive

SEASONALLY ADJUSTED DATA In the week ending December 29, the advance figure for seasonally adjusted initial claims was 372,000, an increase of 10,000 from the previous week’s revised figure of 362,000. The 4-week moving average was 360,000, an increase of 250 from the previous week’s revised average of 359,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent … Continue reading

US / Proportion of Population With Job Improves in December finds Gallup

The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, was 44.4% for the month of December, a slight improvement over 43.7% in November. The current P2P rate still does not match the levels of employment seen in July through October, which exceeded 45% and were the highest since Gallup began tracking P2P … Continue reading

The Fiscal Cliff Deal and the ‘Safety Net’

The deal doesn’t include any explicit cuts to the social insurance or safety net programs that are dear to Democrats’ hearts. But somehow the party of Franklin Roosevelt and Lyndon Johnson forgot that spending has to be paid for. The ability of the federal government to protect its citizens against the risks of old age … Continue reading

Spain / Unemployment fell by 41,023 seasonally adjusted but surged by 426,364 over a year

The number of people registered as unemployed in Spain fell by 1.2pc in December to 4.85m – the first decline since July 2012, the country’s labour ministry said. The was the best December performance since records began in 1996, with young people, women and first-time workers benefiting the most. When seasonally adjusted, Spain’s jobless numbers … Continue reading

Top 1% Earners / In What Field Do They Majored In ?

According to the Census Bureau’s 2010 American Community Survey, the majors that give you the best chance of reaching the 1 percent are pre-med, economics, biochemistry, zoology and, yes, biology, in that order. Below is a chart showing the majors most likely to get into the 1 percent (excluding majors held by fewer than 50,000 … Continue reading

Unemployment needs city-specific solutions

Centre for Cities launches Cities Outlook 2012 today, which shows how cities are fairing against the backdrop of a sluggish national economy. This year the report focuses on unemployment in our largest urban areas. For this reason both the government and the work programme providers must take a varied response to the UK’s unemployment problem. … Continue reading

Ireland / Special Cabinet meeting on jobs and job creation

Enda Kenny has promised to aggressively tackle unemployment this year and has ordered each of his ministers to come up with individual employment targets. The Taoiseach said a special Cabinet meeting on jobs and job creation will be held later this month where each minister will be expected to outline their own specific job creation … Continue reading

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