Job Market Monitor
Politics & Policies
France – Labor reform underway
France’s Socialist government may clinch a deal on labor reform by the end of this year but its cautious approach means the outcome may fall short of business leaders’ hopes for a “competitiveness shock” to revive the economy. President Francois Hollande wants a quick agreement that will help companies adjust more nimbly during economic downturns, … Continue reading
Obama vs Romney : Are the unemployed backing GOP ?
One of the most dominant theories of this year’s presidential election is that President Barack Obama’s re-election prospects have been undermined by high unemployment levels. Yet despite a dismal labor market, which saw a net increase of only 103,000 private-sector jobs for August, the president has been widening his lead over Mitt Romney in recent … Continue reading
Is the US job market weak? It’s all about how you slice the data.
Is the U.S. job market dismal as Republican presidential nominee Mitt Romney says? Or is it steadily improving as President Barack Obama contends? Not to dodge the question or anything, but both men are correct. It’s all about how you slice the data. Romney and his Republican allies like to point to the unemployment rate. … Continue reading
European Trade Union Confederation to European Commission – End collective austerity
On the eve of the European Commission’s major employment policy conference Jobs for Europe the European Trade Union Confederation (ETUC) appeals to European policy makers to face up to the failure of austerity and adopt an alternative approach. As politicians, EU and international officials, academics, experts and the social partners gather to discuss how to … Continue reading
Enbridge Gateway pipeline would cost jobs in Alberta says Union
Enbridge’s proposed Northern Gateway oil pipeline to Canada’s Pacific Coast could cost thousands of high-paying refining jobs in Alberta, a labour group warned in Edmonton on Tuesday as the company faced its first day of grilling at public hearings into the contentious project. Alberta Federation of Labour contends the $6-billion line, which would ship 525,000 … Continue reading
How many more private-sector jobs since Obama’s election?
The nation does have 4.5 million more private-sector jobs than it did in January 2010. But by then, Mr. Obama had already been in office for a year. Starting the jobs count in January 2009, the month Mr. Obama took office, shows that the nation now has only 332,000 more private-sector jobs now. Figuring out … Continue reading
John Maynard Keynes shows us a way out crisis
The work of John Maynard Keynes shows us that counter-cyclical fiscal policy and an easing of austerity may offer a way out of Eurozone crisis Debates between ‘Hayekian’ and ‘Keynesian’ perspectives constitute one of the main conceptual fault-lines of the Eurozone crisis. In the second of two EUROPP articles covering this debate, Simon Wren-Lewis looks at how … Continue reading
Paul Ryan – 12 million new jobs over the next four years
Entering the Republican National Convention to ebullient cheers, Rep. Paul Ryan, the Wisconsin congressman, hammered Obama for failing to create enough jobs, chastised the current administration for focusing on health care at the expense of the unemployed. “Right now, 23 million men and women are struggling to find work… Nearly one in six Americans is … Continue reading
Romney in Tampa – Factory workers prepare to confront over Bain layoffs
Illinois car-part plant employees head to Tampa to protest outsourcing of jobs to China by parent company Bain Capital To the four people sitting in church at a Tampa suburb, coming to the Republican national convention to protest Mitt Romney felt deeply personal, not just political. For all of them are workers at an Illinois … Continue reading
Obama’s Welfare-to-Work Plan and The Romney campaign
Does it make sense for states to try new approaches to help poor parents find jobs? The Obama Administration thought so. Temporary Assistance for Needy Families (TANF), which provides very little assistance to very poor families with children, has not been especially effective at placing single moms in jobs. Even in good times, nearly half … Continue reading
Voters Want Plans for U.S. Jobs
Americans see Jobs as Top Priority for US Next President according to Gallup’s Survey. Voters Want Plans for U.S. Jobs Bloomberg says. Tarsha Darden, a 34-year-old family doctor who lives in Virginia Beach, volunteered for President Barack Obama’s first presidential campaign. Now she doesn’t even know whether she’ll vote for him. “Normally I’m not a political person but I … Continue reading
Office of Management and Budget says high unemployment rates will last
The numbers that have the White House projecting an unemployment rate dipping below 8 percent before November still show the economy struggling to recover until well after the next presidential election, with rates not expected to stabilize to pre-recession levels until after the second term President Obama is hoping to win. Republicans quickly leapt on … Continue reading
House GOP Regulatory Reform Bill: new regulations are suspended until unemployment reaches 94 percent ?
The House Republican regulatory reform bill contains an embarrassing typo, mistaking “employment” for “unemployment.” The “Red Tape Reduction and Small Business Job Creation Act” calls for a moratorium on “significant regulatory action” as soon as the legislation is enacted. The argument by Republicans is that government regulations burden job creation and growth and should therefore … Continue reading
President Obama – We tried that and it didn’t work: Hum…
Speaking to supporters in Oakland, CA, President Obama declared that his economic policies are already proven successes. “We tried that and it didn’t work,” Obama said of Mitt Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy. “Just like we’ve tried their plan, we tried our plan … Continue reading
US – One in 10 employers would drop health benefits
About one in 10 employers plans to end workers’ health insurance as the new healthcare law takes effect, according to a new study. The finding could bolster opponents of the law, who argue that its changes to the healthcare system will force workers out of insurance plans they like. Supporters of the law say most … Continue reading
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