Job Market Monitor
Michel Cournoyer
Extended UI Benefits Ending In Washington and Oregon
Thousands of long-term unemployed workers in the northwest will soon lose unemployment checks. It’ll happen this weekend in Oregon; two weeks later in Washington State but likely not for several more months in Idaho. The federal government won’t pay for extended benefits anymore because the jobless rates have improved. Washington and Oregon’s employment departments announced that … Continue reading
UPDATE – Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
Turning the Unemployment Program into a Reemployment Program – Official Press Release by DOL Two months ago, the President signed the Middle Class Tax Relief and Job Creation Act of 2012. That legislation extended the vital payroll tax cut and federal unemployment insurance programs that have been so crucial for American families and to the continued … Continue reading
UK | Record numbers forced into part-time working
The number of unemployed men fell by 43,000 to reach 1.51 million but the number of unemployed women increased by 8,000 to reach 1.14 million, the highest figure since the three months to November 1987. Despite the fall in unemployment,the Jobseeker’s allowance (JSA) claimant count rose by 3,600 in March – the highest total since … Continue reading
Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
The Obama administration is looking for states that will experiment with unemployment insurance programs by letting people test a job while still receiving benefits. The plan is a key feature of a payroll tax cut package that President Barack Obama negotiated with congressional Republicans in February. The Labor Department will open the application process Thursday … Continue reading
Unemployment Insurance Weekly Claims Report : Disappointingly Stable
SEASONALLY ADJUSTED DATA In the week ending April 14, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 2,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 374,750, an increase of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Some Law Students are graduating with more than $150,000 in debt
Among 195 ranked law schools surveyed annually by U.S. News, 191 reported the average indebtedness of graduating students in 2011, the most recent figures available. Overall, law students graduated with an average of $100,433 in debt, though at some of the schools with the most heavily debt-laden students, graduates faced an average debt of more … Continue reading
Arab world | Unemployment ‘at least 16 pct’ after uprisings
Unemployment in the Arab World will be at least 16 per cent in the wake of last year’s uprisings, according to a top official in the Arab Labor Organization (ALO). Mohamed Sherif Dawood was speaking at the opening session of a two-day conference on labour issues that started in Cairo on Wednesday, titled ‘Employment for … Continue reading
DC Employees Unemployment Scam Leads to Layoffs
Washington, D.C., Mayor Vincent C. Gray’s administration has fired 61 public employees for collecting unemployment benefits while working for the city, the Washington Post reports. “The city’s Department of Employment Services [DOES], which oversees the jobless-compensation program, said in February that dozens of current and former city workers had received the fraudulent payments,” the Post … Continue reading
The psychological dynamics of job-seeking | Ability to focus on goal resides within individuals
With a number of economic indicators providing hopeful news, a new study that probes the psychological dynamics of job-seeking offers an additional reason for encouragement for the unemployed. The new research in the current issue of The Academy of Management Journal provides a rare look at the ebb and flow of emotions among 177 jobless people over the … Continue reading
Canada | A national strategy aimed at finding jobs for unemployed centrally managed
An under-reported aspect of the federal budget is the Harper government’s plan to modify unemployment programs in order to better match workers with employers struggling with labour shortages. The strategy will increase retraining for unemployed Canadians, while making it more difficult for employers to hire workers from aboard when unemployed Canadians are available. Those facts … Continue reading
Cleveland | Layoffs of 508 Teachers
The Cleveland School Board unanimously passed a good portion of the CEO’s budget recommendations at Tuesday night’s meeting – including laying off 508 teachers. The rest of the plan the was not voted on. They will vote on the remaining parts on May 4th. During the meeting Eric Gordon, CEO of the Cleveland Metropolitan School District (CMSD), … Continue reading
Paying Fees Plus Taxes for an Interview
Ambulance company boss John Banbury isn’t happy with the GMB union. “I wish they contacted Norvic before they ran inaccurate information,” he told us. Banbury was referring to the union’s condemnation of Norvic’s £40 plus VAT fee that prospective employees pay to attend a job interview. The GMB was particularly angry because Norvic, a private … Continue reading
Job Trends – Despite Sluggish Growth, Labor Markets in Developing Countries Continue Their Gradual Recovery
In a sample of developing countries, growth in the fourth quarter of 2011 slowed amidst considerable economic uncertainty. Figure 1 shows median growth rates of output, employment, wages, and the median unemployment rate for 11 countries with complete series on all four indicators. Median growth in gross domestic product (GDP) weakened slightly over the fourth … Continue reading
U. S. Multinational Companies | Employment abroad increased 1.5 percent, to 11.0 million workers.
Worldwide employment by U.S. multinational companies (MNCs) increased 0.5 percent in 2010, to 34.0 million workers, with increases in both the United States and abroad. Employment in the United States by U.S. parent companies increased 0.1 percent, to 23.0 million workers, which contrasted with a 0.6 percent decrease in total private-industry employment in the United … Continue reading
Intellectual Property-Intensive Industries Account for 40 Million Jobs to US Economy
The U.S. Commerce Department has released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP). “This first of its kind report shows … Continue reading
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