Job Market Monitor
A Closer Look
Long Beach school board approves layoffs of 300 – Sacramento News – Local and Breaking Sacramento News | Sacramento Bee
The Long Beach school board has approved the layoffs of more than 300 employees, including the entire teaching staff of the Head Start preschool program, as part of proposed budget cuts. The Press-Telegram ( http://bit.ly/ypTARZ) says the school district is proposing the cuts in anticipation of a more than $189 million budget deficit by 2014. … Continue reading
Is English or Mandarin the language of the future? – BBC News
English has been the dominant global language for a century, but is it the language of the future? If Mandarin Chinese is to challenge English globally, then it first has to conquer its own backyard, South East Asia. The assumption that Mandarin will grow with China’s economic rise may be flawed. Consider Japan which, after … Continue reading
China’s Slowdown – EconoMonitor
Yesterday I was on China Radio International (CRI) talking about the latest figures and trends for the Chinese economy: the drop in real estate, record bank profits, weak trade and PMI data, and persistent inflation. The overarching question was whether the perceived slowdown in China’s economy is real, and how worried we should be about … Continue reading
Just How Important Is Manufacturing? – Willy C. Shih – HBS Faculty – Harvard Business Review
Having a strong domestic manufacturing base is vital to the United States maintaining its world leadership in innovation. That is because advanced manufacturing provides an important institutional foundation for learning and developing process skills and capabilities that are increasingly intertwined with core R&D in some of the industries most important to the country’s economic future. … Continue reading
If Cameron wants to bring down unemployment, he could stop sacking workers – Kevin Maguire – Mirror Online
Upwards of 200,000 Britons didn’t suddenly decide they don’t want to work when David Cameron got his loafers under the Cabinet table. And hoards more young people didn’t wake up and think employment, education or training weren’t for them. The dole queues stretch 2.67 million back because the ConDem Coalition just isn’t working. The Chancellor, … Continue reading
To Claim Unemployment Benefit, You May First Have To Do A Drug Test | Economy Watch
In a deal to extend the payroll tax cut and unemployment benefits, Congress has passed a law that would soon allow states to conduct drug-tests before handing out payments. While the Republicans initially wanted to extend the drug-tests to all unemployment benefit applicants, the new law would only allow the tests to be conducted on … Continue reading
GOP looks to ban federal regulations until unemployment falls to 6 percent – The Hill’s Floor Action
House Republicans have put forward a bill that would prevent federal agencies from issuing any new significant regulation until the national unemployment rate drops to 6 percent. Under the bill, H.R. 4078, federal agencies could not finalize regulations that cost the economy $100 million or more, or have other significant effects on job creation, until … Continue reading
Factcheck: Does frequent youth unemployment negatively affect your wages later in life? | Full Fact
Today the Department for Education claimed that, by the age of 42, a young person who experiences frequent unemployment can expect to earn 12-15 per cent less than average. Is this right? “By the age of 42, someone who had frequent periods of unemployment in their teens is likely to earn 12-15 per cent less … Continue reading
Data Suggest Euro Zone May Slide Back Into Recession – EU Business News – CNBC
The euro zone’s service sector shrank unexpectedly this month, reviving fears that the economy risks sinking into recession, a business survey showed on Wednesday. Markit’s Eurozone Services Purchasing Managers’ Index (PMI) fell to 49.4 from January’s 50.4, missing even the lowest forecast in a Reuters poll of 44 economists whose predictions centred on a rise … Continue reading
Conservative spending cuts could tip Canada into recession, federal union economists say
The Conservative government could tip Canada into a recession if it reduces federal spending by up to $8 billion, says an analysis by the union representing government economists and social scientists. Claude Poirier, president of the Canadian Association of Professional Employees, said that if the Conservatives press ahead with spending reductions of $8 billion by … Continue reading
Everyone Is Freaking Out Over A New Survey That Shows Unemployment Surging Again
As The Bonddad Blog pointed out last week, this Gallup data isn’t seasonally adjusted (in fact it says that in the chart right up there). Since it’s not seasonally adjusted, you have to look at it year over year, and guess what. And guess what, a year ago Gallup was at 10% and BLS was at … Continue reading
Sears Announces Layoffs In Illinois After The State Gave It Millions In Subsidies | ThinkProgress
Just a few months ago, Illinois gave retail giant Sears $275 million to keep its corporate headquarters in the state, after Sears threatened to move elsewhere (including, potentially, Ohio). To show its appreciation for receiving millions in taxpayer funds, as Greg Leroy pointed out at the Clawback blog, Sears announced last week that it will … Continue reading
Why America Needs Skilled Workers from India and China – NRI Matters
President Obama, after sending the annual budgetary proposal (for the fiscal year 2013) to the Congress, said that he does not want US companies to look for skilled and educated workers from India and China in field of engineering, technology and science. Well, Mr. President, this is not going to happen any time soon. Let … Continue reading
Layoffs Announced At Ballistics Lab – West Virginia Headline News and Talk Radio
Layoffs are coming at the Allegany Ballistics Laboratory at Alliant Tech Systems in Mineral County. ATK Missile Products Communications Director Rod Gibbons says they expect to make the cuts at the end of March because the company’s fiscal year begins in April. “At this point we don’t have a number yet. We have asked employees … Continue reading
LamTech to create 30 jobs – Martinsville Bulletin
The improving economy, the skills of Henry County-area workers and the assistance of governments and the Martinsville-Henry County Economic Development Corp. were the key factors in Laminate Technologies’ decision to open a plant in Henry County that will create 30 jobs. In addition, “the people have been overwhelming … like family,” said Fred Zoeller, co-founder, … Continue reading
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