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In the News
Skills Gap / Tech Startups Worry
More technology start-ups will be looking to hire than at any time in the last four years, says Silicon Valley Bank, but they worry they won’t be able to find the talent they need. Even as most leaders and founders of the firms surveyed by the bank for its annual Startup Outlook report say conditions … Continue reading
Parents / Stay-At-Home Dads and Breadwinner Moms
The next time you see a father out shopping with his kids, you might need to check your assumptions. “I’ll get the, ‘Oh, look, it’s a dad! That’s so sweet!’ “says Jonathan Heisey-Grove, a stay-at-home father of two young boys in Alexandria, Va., who is pretty sure the other person assumes he’s just giving Mom … Continue reading
US / Student Debt has generated nearly $120 billion to the Education Department over the last five fiscal years
The Obama administration is forecast to turn a record $51 billion profit this year from student loan borrowers, a sum greater than the earnings of the nation’s most profitable companies and roughly equal to the combined net income of the four largest U.S. banks by assets. Figures made public Tuesday by the Congressional Budget Office … Continue reading
US / Industrial production drops 0.5% in April
Industrial production slumped 0.5% in April, dragged lower by a big drop in utilities output but also by a drop in manufacturing, the Federal Reserve said Wednesday. Economists polled by MarketWatch expected a drop of 0.3%. In addition, March’s growth was downwardly revised to 0.3% from 0.4%, and February’s growth was downwardly revised to 0.9% … Continue reading
Eurozone in recession for 1.5 years as France double dips
Euro area GDP down by 0.2% and EU27 down by 0.1% and -1.0% and -0.7% respectively compared with the first quarter of 2012 GDP fell by 0.2% in the euro area1 (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, … Continue reading
Low-Wage / Wal-Mart vs. the Feds: Who’s the King?
The federal government is better at creating low-paying jobs than Wal-Mart and McDonald’s combined, according to a new report. A study released earlier this month from the public policy group Demos states that through various forms of government funding in the private sector, nearly two million people are making $12 an hour or less. The … Continue reading
Ireland / Under-45s more hit by recession finds ESRI
Those aged under 45 have been affected “dramatically” more by the property crash and recession than those 45 and over, according to a new research paper published yesterday by the Economic and Social Research Institute, a Dublin-based think tank. When comparing a range of indicators over the half-decade to 2009/2010, the report described the contrast … Continue reading
US / When will the Jobs Gap be filled ?
Below is an update of the graph showing job losses from the start of the employment recession, in percentage terms, with a projection assuming the current rate of payroll growth will continue. This suggests that employment will exceed the pre-recession peak around July 2014 (Private employment will reach a new high around March of 2014). … Continue reading
US / Job openings and unemployment are both worsening
When an economy is humming, there are lots of job openings and low unemployment. When the economy is malfunctioning, there are few openings and unemployment is high. The regular relationship between job openings and unemployment is called the Beveridge Curve. If the curve shifts outward it means that a given level of job openings is associated … Continue reading
UK / The 18-24’s Job Gap: 395,000 jobs finds TUC research
People aged 18-24 are far less likely to be in work today than before the recession and 395,000 more jobs are needed before youth unemployment rates return to their 2008 level, according to research by the Trade Union Congress (TUC). The research has been published ahead of the latest employment figures tomorrow, which are expected … Continue reading
India / 69% of the workforce looking to upgrade skills
A large chunk of the workforce in the emerging markets of Asia-Pacific is looking at skill enhancement and career development when compared to their global peers, says a recent study conducted by a global recruitment firm. As many as 69% of Indian employees are either actively seeking or considering further education or training, significantly higher … Continue reading
(Update3) Bangladesh Garment Factory Collapsed Building / death toll 1,127 and garment workers allowed to form trade unions
Nearly three weeks after a Bangladesh garment-factory building collapsed, the search for the dead ended Monday at the site of the worst disaster in the history of the global garment industry. The death toll: 1,127. The collapse of the Rana Plaza building focused worldwide attention on the hazardous conditions in Bangladesh’s low-cost garment industry and … Continue reading
US / The unemployment rate is understating the “true” amount of under-employment
The Fed/IMF/GS economists argue that the unemployment rate is now substantially understating the “true” amount of under-employment in the economy because the labour force participation rate has fallen as a direct consequence of the depth and longevity of the recession. They show that, while this effect does not apply during a normal recession, workers have … Continue reading
US / New Mothers are more than ever College Educated
Mothers with infant children1 in the U.S. today are more educated than they ever have been. In 2011, more than six-in-ten (66%) had at least some college education, while 34% had a high school diploma or less and just 14% lacked a high school diploma, according to a new Pew Research Center analysis of U.S. … Continue reading
Employment, Obamacare and Education
Even though the headline unemployment rate is falling, a large part of that drop is due to the precipitous plunge in the participation rate, as well as a rise in low-paying jobs. Curiously, it now seems a disproportionately high level of temporary jobs is no longer a precursor to economic recovery but is a new … Continue reading
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