Job Market Monitor
Barack Obama
TransHub Ontario aims to add 5,000 jobs by 2015
A regional transportation advocacy group should target large manufacturers, trucking companies and warehouses in the GTA to sell them on moving west to get out of gridlock. That’s one of the recommendations of a new report laying out the action plan for the next three years of TransHub Ontario. The year-old group aims to capitalize … Continue reading
U.S. DOD | Possible layoffs of 24,000 enlisted personnel and 5,000 officers in Army
A Pentagon official signaled on Wednesday that the Army could lay off as many as 24,000 enlisted personnel and up to 5,000 officers within five years to meet a projected reduction in the force driven by budget cuts and the winding down of two wars. Pressed on the possibility of involuntary terminations, Thomas Lamont, an … Continue reading
Update | AS Social Security run out of money retirement at age 65 could be delayed
Social Security program to run out of money by 2035 | Economy | News | Financial Post The Social Security program will exhaust its trust fund in 2035 and have to start reducing benefits to senior citizens unless Congress intervenes, its trustees said. That is three years sooner than projected in 2011 for the retirement … Continue reading
Obama must offer bold plan to fix economy in 2nd term says Robert Reich
President Barack Obama’s electoral strategy can best be summed up as: “We’re on the right track, my economic policies are working, we still have a long way to go but stick with me and you’ll be fine.” That’s not good enough. This recovery is too anemic, and the chance of an economic stall far too … Continue reading
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
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
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
U.S. Treasury Notes | The U.S. Economy in Charts
Earlier this month, in testimony before Congress on the President’s Budget, Secretary Geithner provided an update on the nation’s economic and financial health. Today, we offer you a more in-depth look – in charts – at the data behind many of the key points he discussed and look forward to sharing similar briefings in the … Continue reading
Job Gap | Skill Gap | Matching the Jobless With 3.4 Million Jobs – NYTimes.com
EVER since the deep recession hit four years ago, many colleges have been rethinking their continuing education programs, straining to figure out how best to help the many unemployed Americans who have looked to them as a lifeline. With the unemployment rate still stubbornly high, this rethinking has led to a powerful trend in which … Continue reading
Where To Find a Blue-Collar or a Service Job in 2020 – Richard Florida – The Atlantic Cities
The United States is on track to generate 20 million jobs between 2010-2020, according to the latest projections from the Bureau of Labor Statistics. But job creation will vary widely by type of job and also by metro region. The nation is projected to generate 7 million new high-wage, high-skill jobs for professional, technical, and … Continue reading
Gov. Snyder, Mayor Bloomberg: Immigration debate should be about economics, not politics | Detroit Free Press | freep.com
In a presidential election in which both sides are debating economic growth and immigration separately, all parties should emphasize the relationship between them. The fact is the link between legal immigration and job creation couldn’t be stronger. Immigrants, especially those with advanced degrees, play a vital role in helping U.S. companies create jobs, as … Continue reading
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