Job Market Monitor
Politics & Policies
FED / Lockhart / Aggressive Easing Needed For Jobs
Federal Reserve Bank of Atlanta President Dennis Lockhart said forceful central bank policies will remain needed to spur job growth even if Congress averts sudden tax increases and spending cuts at the end of the year. “I expect that continued aggressive use of balance sheet monetary tools will be appropriate and justified by economic conditions … Continue reading
Canada / 11,000 public service jobs cut since last budget
The Conservative government has wiped nearly 11,000 jobs off the federal payroll, mostly by attrition, and is on target to cut the remaining 8,200 over three years, according to Treasury Board President Tony Clement.Clement said the government is more than half-way to its target to eliminate 19,200 public service jobs. Of the jobs cut, 7,500 … Continue reading
Employment In Europe / Some perspectives
Over the past decades, there used to be that almost axiomatic, empirically derived law in economics that the natural unemployment *** rate in the US was bound to be lower than in most other western countries (notably European ones). I concentrate mainly on the EU in this answer since the other European countries are mostly … Continue reading
End of UI extensions / Labor market would lose 400,000 jobs in 2013
Federally funded extended unemployment insurance (UI) benefits are set to expire at the end of this year. These benefits serve two very useful public purposes. Most obviously, they provide a lifeline to the long-term unemployed and their families during the deepest and longest economic downturn since the 1930s.1 Less understood but equally crucial, the UI … Continue reading
Jobs for America / A Rooseveltian Second Term Agenda
As part of our series “A Rooseveltian Second Term Agenda,” a reminder that creating more good jobs must be the president’s top priority. The presidential victory of Barack Obama was an important vindication for the uses of government. The small-government ideologues were defeated, but now the nation must go farther and recognize government is indeed a … Continue reading
Sierra Leone / Strategies to promote employment
The current world-wide recession has focused the spotlight, once again, on the need to redouble our efforts to find new and creative ways of boosting employment in Sierra Leone, one of the countries hardest hit by the economic downturn. Party manifestoes have been published ahead of the presidential and parliamentary elections on Saturday November 17. … Continue reading
Europe / Austerity and Layoffs Lead To Workers Strikes
With rampant unemployment spreading misery in southern Europe and companies shutting factories across the continent, workers around the European Union sought to unite in a string of strikes and demonstrations on Wednesday. Most European governments have in recent years had to cut spending, pensions and benefits and raise taxes aggressively to bring public debt under … Continue reading
US / FED / Yellen Says Fed Should Tie Rate Inflation and Employment
Federal Reserve Vice Chairman Janet Yellen backed a proposal to link the Fed’s zero interest-rate policy to progress toward meeting its goals for inflation and employment rather than to a calendar date. “The Committee might eliminate the calendar date entirely and replace it with guidance on the economic conditions that would need to prevail before … Continue reading
‘Obamacare Layoffs’ / Overblown ?
“Obama Reelection Triggers Massive Layoffs Across America.” “Job loss an early consequence of election.” “Obama keeps job; others lose theirs.” “The Obamacare Layoffs Begin…” “Top US Companies Plan Layoffs Because of Obamacare.” These are some of the headlines coming out of media sources like the Washington Times, the National Review, and Fox News since President … Continue reading
US | Unemployment Insurance | House Democrats push for extension
House Democrats are beginning their push for an extension of expanded federal unemployment benefits before more than 2.1 million workers lose them at year’s end. Ways and Means panel ranking member Sandy Levin (D-Mich.) and Rep. Lloyd Doggett (D-Texas) released a committee report on Monday arguing for quick action to extend benefits before they expire … Continue reading
Talent War | Canada needs to get competitive says Harper
Stephen Harper believes a global demographic shift is under way, one that will force developed nations such as Canada into a furious competition for talented immigrants in the years ahead. In some of his most expansive comments on the topic, the Prime Minister outlined the rationale behind his government’s fundamental overhaul of the country’s system … Continue reading
EU | Invest for a job-rich recovery in Europe says László Andor European Commissioner responsible for Employment
The macro-economic situation in Europe continues to be extremely challenging. A number of Member States are in a double-dip recession and labour markets are in a crisis not seen in the EU for at least two decades. What is more, the outlook is not getting better. The European Commission’s Autumn forecast, presented on Wednesday, projects … Continue reading
LGBT Leaders | What Obama Must Do Next
Barack Obama’s win of a second term was achieved not in spite of his support of the LGBT community but in part because of it. The question now is what President Obama should do next in his second term to move the civil rights of people in our community “forward.” I asked 10 of America’s … Continue reading
Obama’s second term | 3 priorities: Jobs, jobs, jobs
It’s still about jobs. What will determine the core success of President Barack Obama’s second term is progress – or the lack thereof – in reducing long-term unemployment. We know this from exit polls, which ranked the economy as the top issue (selected by about 60 percent of voters) and, more important, from common sense. … Continue reading
Chinese miners in B.C. | Review of foreign worker program
Controversial plans to hire 201 Chinese workers at a proposed mine in northern British Columbia have prompted Ottawa to announce a review of its entire foreign worker program, with the government suggesting the case has revealed deeper problems with a system designed to fill short-term labour shortages. Human Resources Minister Diane Finley issued a statement … Continue reading
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