Job Market Monitor
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American Manufacturing Decline | Worse Than the Great Depression
“The conventional wisdom that U.S. manufacturing job loss is simply a result of productivity-driven restructuring (akin to how U.S. agriculture lost jobs but is still healthy) is fundamentally flawed” writes Robert D. Atkinson, Luke A. Stewart, Scott M. Andes and Stephen J. Ezel in What the Experts Are Missing About American Manufacturing Decline . Source: http://www2.itif.org/2012-american-manufacturing-decline.pdf . Excerpts by JMM … Continue reading
U.S. | Only 56 percent of college students complete four-year degrees within six years
“The American system for preparing young people to lead productive and prosperous lives as adults is clearly badly broken” according to the Pathways to Prosperity study by the in 20 Harvard Graduate School of Education. Only 56 percent of college students complete four-year degrees within six years. Only 29 percent of those who start two-year degrees finish them within three … Continue reading
Cloud Computing | 14 Million New Jobs by 2015 and US$1.1 trillion a year in new business
Microsoft – A new Microsoft-funded IDC study shows businesses that move to the cloud are freeing up time and money to invest in innovation and job creation. Among the study’s findings: • Cloud computing will create nearly 14 million new jobs between 2011 and 2015. • By 2015, business revenues from IT innovation enabled by … Continue reading
African Americans and Latinos | Unemployment | No relief in 2012
Economic Policy Institute: Even though the U.S. recession officially ended in June 2009, the country’s unemployment rate remains devastatingly high. The situation is particularly dire for many African Americans and Latinos—and is not predicted to improve any time soon. Among the states with sufficient data for reliable estimates, African American unemployment rates exceeded 10 percent in … Continue reading
Permanent Layoffs in Canada | Only around 40% are “rare” events, particularly among older workers
A new study by Statistics Canada by Garnett Picot, Zhengxi Lin and Wendy Pyper uses a new longitudinal data source on the separations of workers to address three issues: First, has there in fact been an increase in the permanent layoff rate in Canada in the 1990s, as one might anticipate given concerns about rising job instability? … Continue reading
Germany | The roots of the German miracle – apprenticeship – is not the only factor
In a provocative paper, Hermann Gartner[i] and Christian Merkl[ii] attribute the so-called German miracle to its “wage moderation” that was the result of labour-market policies in the years preceding the global crisis – a point that is often ignored in the public debate. It could well be that apprenticeship is not the only factor. “While the US … Continue reading
UK | The Trouble With Apprenticeship – Do You Remember The Wolf Report ?
Apprenticeships face ‘identity crisis’, according to Forum of Private Business writes HR Magazine The Forum of Private Business yesterday warned a group of MPs that apprenticeships are facing an ‘identity crisis’, with business owners in certain sectors concerned that shorter schemes do not provide the same value as longer courses. The Forum’s senior policy adviser Alex … Continue reading
Strong Canadian dollar has pushed goods sector wages making Canada a non-costeffective location says a CIBC Report
“Remember 62 cents? Canada’s currency posted its all-time weakest monthly close against its American cousin exactly a decade ago, making a dramatic U-turn thereafter. Despite leveling off in recent years, the US¢/C$ exchange rate remains 60% stronger than it was a decade ago and is also more than 20% firmer than a trade-weighted basket of other major currencies” write Avery Shenfeld and … Continue reading
Bursting of the housing bubble has not generated any noticeable increase in structural unemployment
“Some economic observers argue “structural unemployment” has increased in the wake of the Great Recession” write John Schmitt and Kris Warner in Deconstructing Structural Unemployment published by the Center for Economic and Policy Research. Structural unemployment refers to unemployment that reflects supply constraints in the economy: workers whose skills or geographic location don’t match with employers’ desires. Structural unemployment differs from cyclical … Continue reading
A jobs-centered approach to African American community development: The crisis of African American unemployment requires federal intervention | Economic Policy Institute
Unemployment rates for African Americans have been far higher than those of whites for the past 50 years, even in good times. In fact, since 1960 the black unemployment rate has been about twice the white rate. Had blacks had the same unemployment rate as whites in 2010, an additional 1.3 million blacks would have been employed. Millions of African Americans live … Continue reading
Joblessness Leads to More Hungry and Homeless Families in U.S. Cities – U.S. Conference of Mayors
In the midst of a struggling economy and continuing high levels of unemployment, U.S. cities are feeling the pressure from increased numbers of hungry and homeless families according to a U.S. Conference of Mayors (USCM) report on the status of Hunger and Homelessness in 29 cities in America. Continue reading
US | Unemployment : 31.5 % among high school dropouts and 8.9 % for college graduates with Bachelor’s Degrees
Unemployment figures show the jobless rate for recent college graduates with Bachelor’s Degrees has been running at an unacceptable 8.9 percent. But, a new study from the Georgetown Center on Education and the Workforce finds that unemployment among job seekers with no better than a high school diploma is a catastrophic 22.9 percent – and an almost unthinkable … Continue reading
Job Search Differences Between Today and Yesterday | CAREEREALISM
Here they are: 1. Google Has Replaced the Resume 2. A Summary is Enough 3. Social Proof is a Must 4. Resumes and Cover Letters Are Not Read on Paper Anymore 5. Relationships First, Resume’s Second 6. Employers Only Care About What They Want 7. Don’t Mind the Gap 8. Nouns Are the New Currency … Continue reading
Digital Literacy | Cisco International Education Survey: World Education Leaders See Increasing Role for Technology to Transform Learning
“More than three-quarters of top education officials around the world believe technology can play a major role in how students learn and how teachers educate, according to a global survey commissioned by Cisco (NASDAQ: CSCO) and conducted by Clarus Research Group, a Washington, D.C.-based research firm. Telephone interviews were conducted with 500 education administrators and … Continue reading
Skills Gap | US : Toward a well-prepared workforce
High and lasting unemployment is the fate of several OECD countries. But at the same time, employers widely report difficulty finding qualified and skilled workers. That used to be called “structural unemployment”. More and more analysts call it the Skills Gap. It has been observed for a long time in countries, or part of them, … Continue reading
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