Job Market Monitor
Economy
Job Gap | Spain | Cost of hiring has risen 24% in recent years
Spain’s high unemployment rate of around 23% means many Spaniards, young people in particular, are leaving the country to find work elsewhere. One popular destination is Germany, where the jobless rate is under 7%. But starting afresh in a new country is challenging. Munich’s airport shuttle bus is dropping off newly arrived passengers in the … Continue reading
Unemployment Claims | Remain at 4-Year Low
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending February 25, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 2,000 from the previous week’s revised figure of 353,000. The 4-week moving average was 354,000, a decrease of 5,500 from the previous week’s revised average of 359,500. The advance seasonally … Continue reading
Eight states and the District of Columbia reported unemployment rates of 10.0 percent or more in 2011 | 2011 Unemployment rate by State – Annual Average
In 2011, 30 states posted statistically significant unemployment rate decreases, the largest of which was in Michigan (-2.4 percentage points). Four additional states experienced decreases greater than 1.0 percentage point: Ohio (-1.4 points), Utah (-1.3 points), Oregon (-1.2 points), and Indiana (-1.1 points). The remaining 20 states and the District of Columbia reported annual average unemployment rates for 2011 that … 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
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
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
Why China Will Have an Economic Crisis
The view in most of the world is that China is indestructible. Shrugging off the crises multiplying elsewhere, China seems to surge from strength to strength, its spectacular growth marching on no matter what headwinds may come. It appears inevitable that China will overtake a U.S. mired in debt and division to become the world’s … Continue reading
Colombia unemployment rate may reach double digits again – Colombia news | Colombia Reports
Colombia’s unemployment rate may rise to double digits again, said a former director of the National Administrative Department of Statistics (DANE) on Tuesday. The DANE will release its monthly report for January on Wednesday and the former director Cesar Caballero warned that the news is not likely to be good. Unemployment fell to the single … Continue reading
German unemployment lowest in 20 years
The positive development in the labour market continued at the beginning of 2012. As reported by the Federal Statistical Office (Destatis), the number of persons in employment living in Germany totalled 41.06 million in January 2012. This was the first time in any January that the number of persons in employment exceeded the 41 million … Continue reading
Study: Ohio shale boom to create more than 65,000 jobs by 2014 | The Columbus Dispatch
The burgeoning energy boom in eastern Ohio will create or support 65,680 jobs by 2014 while boosting the state’s economy, according to a study released this morning. The study by the Ohio Shale Coalition is at least the third to look at the potential development of the oil and natural gas Utica shale. Other recent … Continue reading
German Banks See Job Cuts Amid Pessimistic Outlook, Survey Shows – Businessweek
Almost 25 percent of German banks plan to cut jobs in the next sixth months as they remain more pessimistic about the financial industry’s outlook than many of their European peers, Ernst & Young reported, citing a survey. Only 12 percent of German lenders said they expect an increase in employment and 65 percent expect … Continue reading
Analysis: U.S. factory jobs rebound seen destined to fizzle – chicagotribune.com
U.S. manufacturers are hiring at the fastest pace in more than a decade to keep up with new orders but sweeping technological advances could cost thousands of factory workers their jobs in years to come. At a new factory in upstate New York, which is due to churn out its first computer chips this year, … Continue reading
PNC lowers plan for layoffs by 100 – NewsObserver.com
PNC Financial Services Group, which is on the verge of completing its acquisition of RBC Bank, has found new jobs for nearly 100 workers in Raleigh and Rocky Mount whose current positions are being eliminated. The bank is still working on finding new jobs for others who are facing layoffs, PNC spokesman Fred Solomon said … Continue reading
Layoffs hit Hebron fabrication site at Bull Arm – Nfld. & Labrador – CBC News
Some workers have been let go at the Bull Arm industrial yard in eastern Newfoundland, although the managing company says the layoffs are routine and will not affect the Hebron offshore oil project. Kiewit-Kvaerner Contractors let 10 people go on Thursday. Six were staff members, while four people had been seconded from other companies and … Continue reading
Wisconsin leads Midwest in layoffs, unemployment
Despite signs of recovery over the last year, Wisconsin is one of the leading states in layoffs and unemployment claims, according to the most recent federal statistics. Only five other states — California, New York, Pennsylvania, North Carolina and Florida — had more layoffs than Wisconsin during January of this year, according to the a … Continue reading
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