Job Market Monitor
Economy
Is America Overworked?
It’s midnight on a Wednesday and I’m sitting at my keyboard after a 10-hour day trying to finish an article on whether Americans work too much. This is a prank, right? Sadly, it’s more like a typical day for most freelance writers, and we’re becoming part of the norm. With an increasingly competitive job market, … Continue reading
President Obama proposed a job creation tax credit in his budget, but it is bad policy | Business | TIME.com
A tax credit? For small businesses? To create jobs? And raise wages? Wow! What a great idea! What’s not to like? Quite a bit, in fact. In his fiscal 2013 budget proposal, President Obama has suggested a temporary 10% tax credit designed to spur job creation and wage growth among small businesses. It’s a fine … Continue reading
Irish and British head for Australian jobs, but where are the Greeks?
RISING unemployment in Europe has driven an influx of Irish and British skilled migrants to labour-strapped pockets of the Australian economy in recent months, government figures show. But skilled migration from Greece, where unemployment topped 20 per cent in November, remains low as Australian recruiters target already strong labour streams from the British Isles. The … Continue reading
Republican House Bill Would Strip US Fed’s Jobs Mandate – Business News – CNBC
Seeking to make good on past threats in Congress to rein in the Federal Reserve’s powers, a prominent Republican lawmaker said on Thursday he will introduce legislation to focus the U.S. central bank on a single mandate to fight inflation and protect the dollar’s value. Representative Kevin Brady, vice chairman of the Joint Economic Committee, … Continue reading
Most jobs are not lost, they merely end up elsewhere
The structure of the economy – as represented by the relative sizes of the various industry sectors – is always changing. Normally the rate of change is so slow we don’t notice it. At present, however, the pace of change is much quicker than usual. These pressures are coming from outside Australia. Many are the … Continue reading
Adani Group to invest $ 6 b by 2015
The Adani Group on Thursday announced plans to invest $ 6 billion by 2015 to develop its three core clusters of resources, logistics and energy. The investment will be funded by a mix of internal accruals, equity and debt. It will largely go to its new Australian coal mining operation. The group is the largest … Continue reading
Chase bank is adding 350 jobs | The Columbus Dispatch
Chase, the region’s largest private employer, said yesterday that it will add at least 350 jobs in the Polaris area over the next five years. That continues a hiring binge that has seen Chase add 2,500 jobs over the past year in Columbus, bringing the local Chase work-force total to 19,000… via Chase bank is … Continue reading
White House – Obama did not stop Keystone Pipeline – Job Mouse
At the White House Daily Press Briefing Tuesday Carney said “The President didn’t turn down the Keystone Pipeline.” He said “There was a process in place with long precedent, run out of the State Department because of the issue of a pipeline crossing an international boundary, that required an amount of time for proper review … Continue reading
Michigan jobless rate drops, but not because more jobs exist – Feb. 24, 2012
After leading the nation in unemployment for four years, Michigan has finally dropped out of the Top 10. State unemployment slid to 9.3% in December, only a touch higher than the national rate, and a sharp decline from the 14.1% rate that Michigan hit in the fall of 2009. And last year was the first … Continue reading
Manufacturing | Skills Gap | No evidence that this is a common problem
There is a growing chorus of sophisticated types telling the country that we could have millions more jobs in manufacturing, if only we had qualified workers. This claim has the interesting feature that it places responsibility for the lack of jobs on workers, not on the people who get paid to manage the economy (e.g. … Continue reading
Q&A: ECB President Mario Draghi – The Euro Crisis – WSJ
Mario Draghi, president of the European Central Bank, spoke with Brian Blackstone, Matthew Karnitschnig and Robert Thomson of The Wall Street Journal on Feb. 22 about the importance of austerity in Europe, the Greek bailout deal and the ECB’s recent decision to exempt its Greek bond portfolio from losses. WSJ: What inning are we in … Continue reading
The China Syndrome: Local Labor Market Effects of Import Competition in the United States
“The value of annual U.S. goods imports from China has increased by a staggering 1,156% from 1991 to 2007.” write David H. Autor, David Dorn and Gordon H. Hanson in The China Syndrome: Local Labor Market Effects of Import Competition in the United States on mit.edu. The rapid increase in U.S. exposure to trade with China and other developing economies suggests … Continue reading
Canada | Older workers age 60-plus represent 8 per cent of the workforce, but account for 30 per cent of new job gains – thestar.com
The face of the Canadian worker is changing. Gone are the days of hitting the magic retirement age, and heading off to travel and enjoy life. More Canadians are working past 60, some well into their 70s, often because they can’t afford to retire. And getting squeezed in some cases, are other job-seekers, including new … Continue reading
Labour reform in Spain: Spanish practices | The Economist
SPAIN’S new government is learning to be wary of microphones. Mariano Rajoy, the prime minister, was caught by one claiming his labour reform would provoke strikes. Luis de Guindos, the economy minister, was overheard calling it extremely aggressive. When the reform was unveiled in a decree of February 10th, expectations were of a radical simplification … Continue reading
Europe’s banks bleed from Greek debt crisis | Reuters
The scars of Greece’s debt crisis were laid bare in heavy losses from a string of European banks on Thursday, and bosses warned the region’s precarious finances would continue to threaten economic growth and earnings. From France to Germany, Britain to Belgium, four of the region’s biggest banks lined up to reveal they lost more … Continue reading
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