Job Market Monitor
Politics & Policies
UPDATE – Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
Turning the Unemployment Program into a Reemployment Program – Official Press Release by DOL Two months ago, the President signed the Middle Class Tax Relief and Job Creation Act of 2012. That legislation extended the vital payroll tax cut and federal unemployment insurance programs that have been so crucial for American families and to the continued … Continue reading
Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
The Obama administration is looking for states that will experiment with unemployment insurance programs by letting people test a job while still receiving benefits. The plan is a key feature of a payroll tax cut package that President Barack Obama negotiated with congressional Republicans in February. The Labor Department will open the application process Thursday … Continue reading
Minimum Wage | Options for a radical reform
Professor Alan Manning, Head of the Economics Department at the London School of Economics where he has taught since 1989, takes steps back from the current annual debate about the appropriate but small rise in the value of the minimum wage to ask a bolder question: are there more radical reforms of the minimum wage that … Continue reading
UK | Skilled Immigrants | A ‘challenge’ to grads jobseekers says Employment Minister Chris Grayling
Young British workers face a “huge challenge” from older and more experienced foreign rivals, Employment Minister Chris Grayling has warned. Chris Grayling said the “deep-rooted problem” meant prospective employees born in the UK were often at a disadvantage when applying for jobs. Business lobby groups have warned that young people were being failed by an … Continue reading
UK | Youth | Year Gap | 7,000 To Be Subsidised By Government
The government is set to hand out huge subsidies to 7,000 students and young people who want to take time out with a gap year within the next three years. The overseas volunteer gap years include work in water conservation, teaching and improving awareness about HIV. Charities involved in the placements include the British Red … Continue reading
Geithner | Romney words on women job losses are ‘ridiculous’
Top Obama administration aides pushed back Sunday against a charge by Republican presidential challenger Mitt Romney that women have suffered the brunt of the weak economy during the president’s tenure. Treasury Secretary Timothy F. Geithner called Romney’s claim that women have accounted for 92% of the jobs lost since Obama took office “ridiculous and very … Continue reading
Labour Market Regulations : Policy makers do not necessarily have a comprehensive approach
Mariya Aleksynska and Martin Schindler provide descriptive statistics showing that there exists substantial heterogeneity in labor market institutions across regions and income groupings, and that much of the sample variation is driven by institutional changes over time in low- and middle-income countries in Labor Market Regulations in Low-, Middle- and High-Income Countries: A New Panel Database published bu imf.org. (Adapted excerpts by … Continue reading
India | Textile sector loses 100,000 workers to NREGA in 5 years
The country’s biggest man-made fibre industry in the city, which contributes to about 40 per cent of the nation’s man-made fabric demand, is facing an acute shortage of workers. A huge chunk of skilled workers from states like Bihar, Uttar Pradesh, Orissa and Andhra Pradesh employed in the weaving and processing sectors have shifted to … Continue reading
U.S. | Job Stimulus Programs | Where are the promised Green Jobs ?
Three weeks ago, President Barack Obama stood in front of a sea of gleaming solar panels in Boulder City, Nevada, to celebrate his administration’s efforts to promote “green energy.” Stretching row upon row into the desert, the Copper Mountain Solar Project not far from Las Vegas provided an impressive backdrop for the president. Built on … Continue reading
Canada | Fed Budget | Veterans Affairs to cut 800 jobs
A memo sent to staff at Veterans Affairs says 800 jobs will be cut over the next three years as a result of the federal budget. But in the letter, obtained by The Canadian Press, the department’s deputy minister says relatively speaking, Veterans Affairs is fortunate. Suzanne Tinning writes the department expects to manage the … Continue reading
Bernanke | No evidence of any significant increase in structural unemployment
Bernanke : While I do not see much evidence of any significant increase in structural unemployment so far, I am concerned that structural unemployment could increase over time if the labor market heals too slowly–a phenomenon known as hysteresis. I do not interpret data suggesting an outward shift in the Beveridge curve as providing much evidence … Continue reading
On Just over 5 M lost during the Great Recession, women accounted for nearly 1.8 M
But more than 2.2 million jobs have been added under Obama, but the gain for women was just 284,000. “For far too long women have been left behind in Obama’s job market. Of the 740,000 jobs lost since Obama took office, 683,000 of them were held by women. That is truly unsustainable.” — Statement by Sharon … Continue reading
New Hampshire | Job Program | Giving a chance to try out jobs that were not considered
More than 12 million Americans are out of work, according to the U.S. Department of Labor. Looking for a job similar to the one that was lost can be a frustrating and futile exercise, but an employment program in the northeastern state of New Hampshire gives the unemployed a chance to try out jobs they … Continue reading
Obama | Income Inequality Hurts
So, does inequality hurt growth? Some economists have said “absolutely,” and others have said “absolutely not.” Here’s a serving of both view points. OBAMA IS RIGHT “Inequality is harmful for growth.” Inequality can lead to recessions. OBAMA IS WRONG “Little overall relation between income inequality and rates of growth and investment.” Marketization, not inequality, is … Continue reading
Canada | Skilled workers program changes will deter future immigrants
Canada’s decision to close the files of skilled workers who applied to immigrate before March 2008 will give the country a black eye and deter future immigrants with needed skills, according to a Vancouver immigration lawyer. The federal government plans to return applications and refund fees for nearly everyone who applied under the program before … Continue reading
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