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The FED / A highly accommodative stance of monetary policy will remain appropriate for a considerable time (video)
The Committee also reaffirmed its expectation that the current exceptionally low target range for the federal funds rate of 0 to 1/4 percent will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored Continue reading
Long-Term Unemployment in US / A new team of five researchers at MIT
If there is a way out of America’s crisis of long-term unemployment, it\’s possible nobody has a better chance of finding it than a new team of five researchers based at the Massachusetts Institute of Technology. Their project, the Institute for Career Transitions, will take a data-driven approach to figuring out the best way to … Continue reading
Europe Central Bank / Interest rates to stay low to help growth and job
Interest rates will stay low to support economies and jobs, European Central Bank Governing Council member Ewald Nowotny told a newspaper, dismissing complaints that low rates were hurting savers. “Given the economic situation, the level of interest rates will remain low because it is in the overall economic interests to have this support for growth … Continue reading
Gender Job Gap in US / Women not part of manufacturing turnaround
Since February 2010, the U.S. manufacturing industry, which appeared to be in a terminal decline for more than 30 years, has added more than 554,000 jobs to the workforce, according to the Joint Economic Committee of the U.S. Congress. However, in that same time frame, men have gained 565,000 jobs in the sector and women lost … Continue reading
US / 40% of the self-employed are not saving regularly for retirement, and 28% are not saving at all survey finds
Many of us have dreams of leaving the 9-to-5 grind and working for ourselves. And since the 2008 financial crisis, many have done it — even if some didn’t really have a choice. But many of these budding entrepreneurs, and even the people who have owned their businesses for years, are part of a growing … Continue reading
UK / Unemployment rate slips to four-and-a-half year low of 7.4%
Britain’s unemployment rate has slipped to a four-and-a-half year low of 7.4%, edging closer to the “threshold” at which the Bank of England has said it will consider raising interest rates. The Office for National Statistics (ONS) said on Wednesday that unemployment in the three months to October was 2.39 million, or 7.4% of the … Continue reading
Washington / The 2013 Best Places to Work present a disturbing picture of federal employees says report
The 2013 Best Places to Work data present a disturbing picture of federal employees throughout the government who are increasingly dissatisfied with their jobs and workplaces Continue reading
Getting to Work in US / Mainly driving alone – A Chart
Here is a very, very long graph from Census data on how 140 million Americans get to work every year Continue reading
US / The youth unemployment crisis
Decades of economic data on youth joblessness shows that: 1) lack of work early in an individual’s career leads to lower future wages; and 2) entering the job market during a recession scales up individual challenges to entire generations. The data is as solid as it is disturbing Continue reading
France / On edge of return to recession
A survey of French manufacturers found that output contracted and businesses shed jobs in November in response to the fastest slowdown in new orders since April, accentuating the single currency bloc’s sluggish recovery Continue reading
US / Labor Force Participation Rate has declined to levels not seen in about 35 years or so, to about 63%
Said differently, the percent of people that are classified as actually being in the labor force, (either working or actively seeking work), has sunk to a level not seen since the late 1970s Continue reading
Netherlands / Unskilled worst hit by unemployment
The rise in unemployment between 2008 and 2012 has hit the low-skilled much harder than people with college or university degrees, the national statistics office CBS said on Monday. In 2012, 8.8% of people with no or little further education were without work, up from 5.3% in 2008. But just 4.1% of people with a … Continue reading
General Motors (GM) / To cut jobs in south korea
Automaker General Motors Co. (GM: Quote) plans to cut jobs at its South Korean operations in the first quarter of next year ahead of the withdrawal of its Chevrolet brand in Europe, media reported Tuesday. GM Korea reportedly will implement a voluntary retirement scheme for about 6,000 office workers by the end of March, event … Continue reading
General Motors (GM) in US / $1.3 bln in investment will create or retain about 1,000 jobs
GM said the investment at the plants in Michigan, Ohio and Indiana will create or retain about 1,000 jobs combined, but did not say how many will be new jobs Continue reading
Barbados / To cut 3,000 public sector job
On Friday [Dec 13] Barbados Finance Minister Chris Sinckler announced cost-saving measures that could result in approximately 3,000 public sector employees on the island losing their jobs. Speaking in the Barbados Parliament, Mr Sinckler said they propose that the process be spread over the period January to March 2014, starting with the first 2,000 job … Continue reading
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