Job Market Monitor
A Closer Look
Redundant / Am I now nothing ?
Redundant 1. No longer needed or useful – superfluous; 2. Able to be omitted without loss of meaning or function. I have now lived through 683 days of redundancy, each one against my embattled will. Like 26 million people across the EU, I long, desperately, to fall asleep with the contentment and exhaustion of a … Continue reading
US / Youth Unemployment among Young African American: 22.1 percent
U.S. employers added 155,000 jobs in December and the unemployment rate held steady at 7.8%. However, the jobs outlook for young people especially young black teens is bleak. According to Generation Opportunity, which charts unemployment for Millennials aged 18-29, the general jobless rate for teens is 11.5 percent and a shocking 22.1 percent for younger … Continue reading
US / Women’s unemployment higher than men’s for first time in more than six years
For the first time in more than six years, the unemployment rate for adult women (those over age 20), seasonally adjusted, has surpassed that for adult men. This reversal was first noted by Joan Entmacher, vice president for family economic security at the National Women’s Law Center. During the recession, men had borne the brunt … Continue reading
US / Millennial / 2013 Outlook Grim
The latest jobs report doesn’t hold much promise for millennials looking for work. The overall unemployment rate for 18 to 29-year olds in December was 11.5 percent, according to the national, non-partisan organization Generation Opportunity, which analyzes the data specifically for that age range. David Pasch, Generation Opportunity’s Director of Communications, told HuffPost Live Monday … Continue reading
Employability / Top 10 Skills and more
University of Kent, based on a number of surveys on the skills required by graduates undertaken by Microsoft, Target Jobs, the BBC, Prospects, NACE and AGR and other organisations, has produced a summary of the skills which were most often deemed important.has. Each element are clikable so you get more details on the skill. For … Continue reading
Income inequality: US vs the Roman Empire
Since too much inequality can foment revolt and instability, the CIA regularly updates statistics on income distribution for countries around the world, including the U.S. Between 1997 and 2007, inequality in the U.S. grew by almost 10 percent, making it more unequal than Russia, infamous for its powerful oligarchs. The U.S. is not faring well … Continue reading
US / Twice the time to get a job than before
During the recession that began in December 2007 and ended in June 2009, millions of employed individuals lost their jobs and the ranks of the unemployed nearly doubled. In the aftermath, the number of jobless who were unemployed for 27 weeks or more continued to rise for about a year until early 2010, when it began to level off. In 2007, … Continue reading
Laid offs lose nearly 2.8 years of income over the rest of their working lives
Even in relative good times, laid-off workers take a huge financial hit as a result of their involuntary job losses. In a recent study, scholars at the University of Chicago and Columbia University found that men ages 50 and under who were laid off when the nation’s unemployment rate stood below 6 percent could expect … Continue reading
Canada / Immigration / Good on adoption, less on integration
Canada is known internationally as the poster country for multiculturalism. We have the highest level of immigration per capita of any country, about 250,000 immigrants a year. Almost 20 per cent of our residents are foreign-born. In about 20 years, Statistics Canada predicts that about a quarter of our population will be foreign-born. While many … Continue reading
The academic arms race: to educate everyone at the level of the elite in the past
The good jobs that do exist increasingly require higher education: Since the recession started in the U.S. in 2007, the number of jobs needing a college degree has risen by 2.2 million, according to a recent Georgetown University study. The number of jobs for mere high-school graduates fell by 5.8 million. Just to stay even, … Continue reading
US / Women passed men in the number of jobs regained in the recovery
Institute for Women’s Policy Research (IWPR) analysis of the BLS payroll data over the entire course of the recession and recovery shows that in November women passed men in the number of jobs regained in the recovery as a share of jobs lost in the recession. As of November, women have regained 54 percent (1.5 million) … Continue reading
Workers with no benefit, less-educated struggling and the rich disconnected
“The U.S. economy is still a powerful engine, but workers aren’t seeing the benefits, less-educated men are struggling, and the rich have disconnected from everyone else” writes Jonathan Rauch. (Choosen excerpts by Job Market Monitor to follow) If the American economy were an automobile, you would say the transmission is failing. The engine works, but not all … Continue reading
Fiscal Cliff / UI Benefits will end for 3 M: A Brief Overview of the Legislative Procedures for Adjusting the Public Debt Limit
The Fiscal Cliff means that Unemployment Benefits will abruptly end for 2 million in dec., and nearly one million more in the first quarter of 2013. So the important question is that is the legislative procedures for adjusting the public debt limit ? Here is the summary of a Brief Overview by Congressional Research Service. *-* … Continue reading
Domestic workers / Low pay is a systemic problem, but not the only one
Domestic workers earn substandard pay, and enjoy little economic mobility or financial security. Formal employment contracts are rare in the domestic work industry, and where work agreements do exist, employers frequently violate them. Employers think of their homes as safe, yet domestic work can be hazardous. Domestic workers who encounter problems frequently feel too vulnerable … Continue reading
US / Unemployment Benefits / How Long Can You Collect ? (Infographics)
The following maps show the maximum duration of benefits in each state by year. .Choosen excerpts by Job Market Monitor from via How Long Can You Collect Unemployment Benefits? – Real Time Economics – WSJ.
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