Job Market Monitor
Economy
Three main reasons that this recovery isn’t generating enough jobs
There are three main reasons that this recovery isn’t generating enough jobs: 1. Overall economic growth has been subpar since this recovery started Six months after the last recession ended, the U.S. economy began growing at an annual rate of 3.8%, adjusted for inflation. And although it has slowed since then, real growth for the … Continue reading
The Real Life of Long-Term Unemployed (video)
In Philadelphia, Steve Nathan and Rita Calicat have not been able to find work, and struggle to cope after reaching the limit of 99 weeks of unemployment benefits Click on the image to watch on Time web site
US | Nonfarm payroll employment up by 115,000 and the unemployment rate at 8.1%
Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing… Source: via Employment Situation Summary. Why Did the Unemployment Rate Drop? The … Continue reading
The Euro Area Double Dip Recession
The latest reading of composite PMI for the 17-country region fell to 46.7 this month, even worse than an earlier flash reading of 47.4. Source: Read More @ The Euro Area Economy Is Deteriorating At A Disastrous Pace – Business Insider.
Florida | Loss of unemployment benefits coming
Think of it as an improving economy’s collateral damage. Some 44,000 people throughout Florida are scheduled to have their extended federal unemployment benefits cut off May 12, regardless of how long the payments were slated to continue. In Sarasota and Manatee counties, some 600 jobless workers are expected to be affected, state officials said, though … Continue reading
UK | High unemployment to do ‘permanent damage’
The UK unemployment rate will rise from its current 8.3% to almost 9% by the end of this year, doing “permanent damage to the UK’s productive capacity”, a think tank has said. The National Institute of Economic and Social Research (NIESR) said that the persistent weakness in the economy was “unprecedented”. It says growth in … Continue reading
Long-term unemployment : almost 30% of jobless in U.S.
Once unemployed, more Americans are staying that way than before the recession, with 29.5% of jobless Americans now out of work for more than a year. In the first quarter of the year, 3.9 million of the nearly 13.3 million unemployed workers in the country had been jobless for all or most of 2011. That’s … Continue reading
New Zealand | Unemployment rate up at 6.7pc
New Zealand’s unemployment rate unexpectedly rose to 6.7pc in the first quarter after the labour force swelled to a three-year high as more people started looking for work in what’s been a tight jobs market. The kiwi dollar fell after the data was released. The unemployment rate rose 0.3 percentage points to 6.7 per cent … Continue reading
Baker Center : Up to 430,000 solar jobs by 2020
Baker Center answers our question on solar energy : the spread of solar power technology into energy markets is following the same “less-than-smooth” path. Solar power is on track to become a major source of energy for the United States, and will likely need less federal incentive than other energy sources to get there, according to a study … Continue reading
Unemployment Insurance Weekly Claims Report : A good drop after two dissapointing weeks, but rises some concern
SEASONALLY ADJUSTED DATA In the week ending April 28, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
The geographical shift of the middle class will entail relocalization – World Economic Forum
The geographical shift of the middle class has implications for supply chains says The Future of Manufacturing, A World Economic Forum Report in collaboration with Deloitte Touche Tohmatsu Limited The rise of demand centres in Asia, along with the typical costs that accompany more developed nations, will likely increase localization of production. Increasingly expensive logistics are leading some companies, such as … Continue reading
India | 2,5 M jobs created in labour intensive sectors
Over 25 lakh jobs were created in the country between October 2008-December 2011 in selected labour intensive and export oriented sectors, like textiles, the Rajya Sabha was informed today. “According to the survey results, overall estimated employment in all selected sectors has experienced a net addition of 25.84 lakh from the first survey (October, 2008 … Continue reading
What is happening with the Green Jobs ? | Canada Experience Layoffs in Solar Energy
Citing a shortage of customers for its solar panel products, Siliken Canada has laid off 40 workers from its Windsor manufacturing plant. The move is only the latest blow to the region’s fledgling solar industry. Siliken general manager Paco Caudet said the situation is “no different than in any other manufacturing sector.” “When you have … Continue reading
ADP : Slowdown in U.S. Employment Growth
Recent hiring has slowed down, according to a report released Wednesday on private employment in April. Private-sector employment increased 119,000 on the month, led by the service-providing sector and small and medium businesses, according to payrolls-processor Automatic Data Processing Inc. The April gain is down from monthly employment increases of about 200,000 averaged over the … Continue reading
Nine Countries at or near full employment
Earlier this month, polling agency Gallup released its 2011 global unemployment statistics for 148 countries. Of the nations Gallup surveyed, nine had unemployment rates below 5%. The majority are in Asia, with the remainder in central or eastern Europe. 24/7 Wall St. reviewed these nine countries to determine the underlying causes of their extremely low … Continue reading
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