Job Market Monitor
Politics & Policies
France – Hollande to host Miliband on youth unemployment
Labour leader Ed Miliband will become the first senior British politician to visit French president François Hollande at the Élysée Palace on Tuesday, when tackling youth unemployment will top the agenda. Hollande made his first presidential visit to the UK earlier this month, meeting David Cameron for talks following his election victory in May … Continue reading
Pennsylvania – Coal companies – Layoffs blame on Obama administration
Pointing their fingers in part at regulations the Obama administration has imposed on their industry, two coal companies announced layoffs Friday. Pennsylvania’s PBS Coals Inc. and the affiliated RoxCoal Inc. announced that they would idle some of their deep and surface mines, laying off 225 employees in the process. “Both the foreign and domestic coal markets … Continue reading
Bain Capital – Layoffs – A ‘Demoralizing’ Culture
When Dade Behring started cutting employees under Bain Capital’s management in the late ’90s, Cindy Hewitt was on the front lines. As a human resources manager for the Dade East plant in Miami, Hewitt had to decide which employees had needed skills and whose jobs were expendable. News of the latest layoffs trickled down to … Continue reading
Tom Allon – Candidate for Mayor of New York City – Declaring War on Unemployment
There is an enemy lurking in our midst and we need to squarely and definitively defeat it: joblessness. Our country’s ills are largely due to the ever-widening economic problems that are touching almost every family in America. If you or a family member are not unemployed or underemployed, you surely know someone close to you … Continue reading
President Obama on the Economy vs Golf
As of last week, the president had played 102 rounds of golf since taking office. According to White House reporter Keith Koffler, each golf outing takes about five hours. Using arithmetic — something apparently unfamiliar to Democrats, given their staunch refusal to pass a federal budget — Obama has spent about 510 hours golfing. This … Continue reading
Europe – Unemployment – A tragic past
Just like in the 1930s, when the Great Depression caused youth unemployment to hit the 50% levels in Germany, the current financial crisis is wreaking havoc on young people. Young people are always hardest hit due to their lack of work experience. This is now accentuated as the youngster from Athens competes directly against the … Continue reading
President Obama – More Americans have been put on disability than jobs were created
A conservative attorney points out that more Americans have been put on disability than jobs were created during President Obama’s tenure. Since June 2009, the economy has created 2.6 million jobs, while 3.1 million workers signed up for disability benefits. That includes the month of June 2012, when 85,000 workers joined the disability program and … Continue reading
EU – A €2bn stimulus package for 13,000 jobs
Details of the programme were announced at Government Buildings by Taoiseach Enda Kenny, Tánaiste Eamon Gilmore, and Minister for Public Expenditure Brendan Howlin. The funding for the programme will come from loans from the European Investment Bank, the National Pensions Reserve Fund, domestic bank loans and other potential private investment sources. Mr Kenny confirmed that … Continue reading
UK – A Campaign for a Public Inquiry into the Economic Crisis – International Business Times
Long before calling for public inquiries was made fashionable by the Labour party, one group of angry, politically cognisant members of the public decided that enough was enough with politicians, bankers, and the economy. The Campaign for an Independent Inquiry into the Economic Crisis in the UK, as it is not-so-pithily named, has struggled to … Continue reading
Obama Jobs Council – A Lot of Outsourcers
During the past two weeks, President Barack Obama’s campaign has blasted Republican challenger Mitt Romney as an “outsourcer,” focusing on his career with private equity firm Bain Capital. The Romney campaign hit back on Tuesday, claiming Obama’s stimulus package failed to protect American workers and helped create jobs overseas. If Romney really wanted a juicy … Continue reading
Neither Obama nor Romney Will Jump Start Jobs Growth
Last week’s weak unemployment report was bad news. But here’s an even more sobering piece of news. Even with jobs playing a central role in the campaign, neither Barack Obama nor Mitt Romney is going to turn things around anytime soon. Here’s the problem, in a nutshell: Obama has a plan for job creation but … Continue reading
France – Skill Gap – GE Can’t Find Workers
Clara Gaymard, the head of General Electric Co.’s French unit, has been looking in vain for workers for a factory that makes valves for the oil and nuclear industries in Conde-sur-Noireau in western France. “The plant has 360 employees, 100 of whom will retire in the next four to five years, and we can’t find … Continue reading
Chart – Public employment by President
Source: The Center of the Universe » Blog Archive » Public employment by President.
511,000 Americans Have Lost Unemployment Benefits
Expirations built into the unemployment insurance system when the program was extended at the start of this year will continue to bite this week, kicking 44,000 unemployed Americans off of benefits. This brings the total number of people who have lost benefits since the start of 2012 to 511,000. The federal government created the Emergency … Continue reading
Politics – Lower Unemployment Where Republican Governor Elected in 2010
While liberals remain aloof to our economic recession in Washington, every Republican governor elected in 2010 has reduced unemployment and spurred an economic recovery at a rate faster than the national average in their respective states. Tony Lee of Breitbart.com stated that “the average drop in the unemployment rate in these states was 1.35%, compared to … Continue reading
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