Michel Cournoyer

Unemployment Claims | Remain at 4-Year Low

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending February 25, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 2,000 from the previous week’s revised figure of 353,000. The 4-week moving average was 354,000, a decrease of 5,500 from the previous week’s revised average of 359,500. The advance seasonally … Continue reading →

U.S. | Less Than 6 out of 10 in employment, much worse than that of any of the other four recent recessions

The employment-population ratio is another useful measure for evaluating labor market conditions, as it provides a somewhat different perspective than the unemployment rate. The labor force—the denominator used in the calculation of the unemployment rate—may expand or contract in response to changes in the pace of economic activity. In contrast, the civilian noninstitutional population, the … Continue reading →

Eight states and the District of Columbia reported unemployment rates of 10.0 percent or more in 2011 | 2011 Unemployment rate by State – Annual Average

In 2011, 30 states posted statistically significant unemployment rate decreases, the largest of which was in Michigan (-2.4 percentage points). Four additional states experienced decreases greater than 1.0 percentage point: Ohio (-1.4 points), Utah (-1.3 points), Oregon (-1.2 points), and Indiana (-1.1 points). The remaining 20 states and the District of Columbia reported annual average unemployment rates for 2011 that … Continue reading →

Europe | Unemployment rises to record 10.7% in Euro Zone and above 20% for Youth and in Spain

Europe’s leaders travel to Brussels on Thursday, hoping to chart the continent’s way back to growth as figures show unemployment in the 17-country eurozone has spiked to its highest level since the euro was established in 1999. While the two-day summit is for once taking place amid relative calm on financial markets, Europe’s population is … Continue reading →

UK | Unpaid work experience | Boots leaves scheme for long-term unemployed

Boots says it is withdrawing from the government’s scheme to help the long-term unemployed find work. It comes on the same day that ministers had to drop sanctions from a separate scheme that offers work experience to younger jobseekers. Boots said that it would no longer be offering any new placements on the work programme, … Continue reading →

Youth Tough labor market | Economic Policy Institute

As we approach graduation season, it’s important to note the uphill battle young job seekers continue to face in today’s labor market. The unemployment rate for workers under the age of 25 has improved to 16.0 percent since its peak of 19.6 percent in the spring of 2010, but, excluding the Great Recession and its … Continue reading →

FED | Slow progress ahead on jobs | Reuters

Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery. Bernanke told Congress that unless growth accelerated, the unacceptably high U.S. unemployment rate would not keep dropping. But he stopped short of signaling further Fed bond … Continue reading →

U.S. Treasury Notes | The U.S. Economy in Charts

Earlier this month, in testimony before Congress on the President’s Budget, Secretary Geithner provided an update on the nation’s economic and financial health. Today, we offer you a more in-depth look – in charts – at the data behind many of the key points he discussed and look forward to sharing similar briefings in the … Continue reading →

Job Gap | Skill Gap | Matching the Jobless With 3.4 Million Jobs – NYTimes.com

EVER since the deep recession hit four years ago, many colleges have been rethinking their continuing education programs, straining to figure out how best to help the many unemployed Americans who have looked to them as a lifeline. With the unemployment rate still stubbornly high, this rethinking has led to a powerful trend in which … Continue reading →

Originally posted on RobyScar – Steel Industry, Industrial Automation & Smart Factories:
I segni distintivi di un imprenditore – Riconoscere lo spirito imprenditoriale Per avviare un’attività aziendale, e condurla al successo, occorre essere animati da un entusiasmo che non tutti posseggono. Come scoprire se si è dotati delle attitudini che servono per avviare un’azienda? Non…

Canada | Federal Budget | Job cuts will be modest: Baird | Toronto Sun

Cuts to the public service will occur “overwhelmingly” by attrition — and not by deep cuts, Foreign Affairs Minister and Ottawa West-Nepean MP John Baird told the Sun on Tuesday. Trying to send a calming message to skittish civil servants, Baird said federal budget cuts will be “like nothing” that took place in the 1990s. … Continue reading →

Does 275 webOS layoffs mark the end of HP tablets? | Techi.com

When Meg Whitman declared late last year that WebOS tablets would be made again in 2013, the concept was met with hope by developers… The releases occurred today, but it wasn’t what most expected. Rather than simply software people, many of the 275 employees released worked on the hardware… via Does 275 webOS layoffs mark … Continue reading →

PepsiCo layoffs will hit Westchester harder; 145 jobs will be cut | LoHud.com

Westchester County will bear more than its share of PepsiCo’s latest cost-savings measures. While the Purchase-based global food and beverage giant trims 2 percent of its employees around the nation, the local workforce — about 3,000 people in the county — will be cut by almost 5 percent, a company spokesman said. PepsiCo expects to … Continue reading →