Job Market Monitor
Politics & Policies
US | Wealthy | Would a tax hike cost 700,000 jobs ?
Rep. Pete Sessions, however, went further, and actually claimed hundreds of thousands of people would lose their jobs if Obama’s proposed tax increase went into effect. What’s the math behind his claim? The Facts According to an aide, Sessions obtained his figure from a study prepared last year by two economists at Ernst & Young for … Continue reading
India – New HRD Minister – What to expect
Different people expect different things to happen after the change of guard at the human resources development ministry in New Delhi. For AK Gosain, professor of civil engineering, IIT Delhi, the HRD ministry under the leadership of Pallam Raju “has a pronounced focus on linking jobs to education. This will essentially translate to two things … Continue reading
Long-term unemployment has received insufficient attention during this presidential campaign – Becker and Posner
The most disturbing aspect of the high unemployment rate during the past 4 years has been, namely, the large number of the unemployed who have been out of work for at least 6 months. Last month 5 million men and women had been unemployed for at least 6 months, and they comprise about 40% of … Continue reading
A Progressive case against Obama
despite the heated tone of Obama defenses, not one person disputed the underlying factual basis of my argument: 1) Under Barack Obama, economic inequality in terms of income growth has skyrocketed to historically high levels. After I published my piece, Ian Welsh buttressed these claims, pointing me to this St. Louis Federal Reserve chart of the … Continue reading
Youth unemployment – The Telegraph and the Henry Jackson launching a competition with £10,000 prize
The level of unemployment now confronting those starting their working lives – as well as the deep headache it is giving policymakers – has prompted The Telegraph to partner with the Henry Jackson Initiative (HJI), an economic and public policy think tank. Today, we are together launching an essay competition complete with a £10,000 prize … Continue reading
Inequality – Focus sould be on restoring America’s place in public education
Income inequality has been rising in the US for almost four decades. President Obama plans to increase taxes on those with high incomes while Governor Romney is against such “class warfare”. John Van Reenen argues that a better focus would be on restoring America’s place as a world leader in public education and thereby tackling … Continue reading
US – Breaking out of a decade of income stagnation
The nation’s biggest challenge is in shadow: breaking out of a decade of income stagnation that has afflicted the middle class and the poor and exacerbated inequality. Many of the bedrock assumptions of American culture — about work, progress, fairness and optimism — are being shaken as successive generations worry about the prospect of declining … Continue reading
Presidential Election – Obama and Romney have scarcely mentioned the long-term unemployment problem
In the economy-focused presidential campaign, the two candidates and their teams have scarcely mentioned what economists describe as not just one of the labor market’s most pressing problems, but the entire country’s: long-term unemployment. Nearly five million Americans out of work for more than six months are left to wonder what kind of help might … Continue reading
UK – Job programme – Almost 1 in 2 employer is unaware
More than a year after the introduction of the government’s ambitious Work Programme, the CIPD warns today that it needs to build on the scheme’s early progress by increasing awareness and understanding of the scheme amongst employers. In a survey of more than 1,000 employers, drawn from all three main sectors of the economy, the … Continue reading
Sri Lanka – A National Human Resources and Employment Policy
Sri Lanka Tuesday launched the National Human Resources and Employment Policy (NHREP), a policy document that aims to assure equal opportunity employment for all its citizens. Senior Minister of Human Resources presented the first copy of the policy document to the President Mahinda Rajapaksa at the Temple Trees today (30) with the participation of Country … Continue reading
GM, Chrysler – Romney he’s wrong about Chinese jobs claim
“Barack Obama says he saved the auto industry. But for who? Ohio or China?” says the narrator in a radio spot running now in Ohio. “Under President Obama, GM cut 15,000 Americanjobs, but they are planning to double the number of cars built in China, … . GM, Chrysler tell Romney he’s wrong about Chinese … Continue reading
Obama – Layoff Bomb ?
In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights? The Bureau of Labor Statistics reported last Tuesday that employers issued … Continue reading
China – The end of one-child policy ?
A Chinese government think-tank is urging the country’s leaders to start phasing out its one-child policy immediately and allow two children for every family by 2015, a daring proposal to do away with the unpopular policy. Some demographers see the timeline put forward by the China Development Research Foundation as a bold move by the … Continue reading
France – Industry Bleeds Jobs
Renault SA (RNO) says if President Francois Hollande wants more cars built in France, he needs to tackle the country’s high labor costs and rigid work rules. France’s second-largest carmaker, which is based near Paris and 15 percent owned by the government, built fewer than a quarter of the 2.83 million cars that rolled off … Continue reading
US Presidential Election – Does unemployment matter ?
The economy may have become the single most important issue in modern-day politics. Since the day President Clinton uttered the words, “It’s the economy stupid,” the economy seems to have taken center stage as it pertains to election results. Moreover, for a variety of reasons, I’ve found an interesting dynamic emerging in recent years. Because … Continue reading
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