Job Market Monitor
Employment
US Monetary Policy / Fed’s Bullard sees substantial progress in labor markets
There’s been “substantial progress” in the U.S. labor market, St. Louis Fed President James Bullard told CNBC on Monday. But inflation is low, he added—saying, “What’s the hurry” to taper the Federal Reserve’s massive bond-buying program. “The unemployment rate is down almost a full point from when we start this program in September 2012. We’ve … Continue reading
US / Construction adds 20,000 jobs and unemployment hits six-year low
Construction employment rose by 20,000 in September, and the industry’s unemployment rate fell to a six-year low of 8.5 percent, while construction spending increased for the fifth consecutive month in August, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the data does not address … Continue reading
US / ‘One-stop shop’ to attract foreign investment to generate jobs
The US launched a fresh effort Thursday to attract investment by foreign manufacturers and other businesses as the government seeks to pull down stubbornly high unemployment. President Barack Obama was to address 1,200 foreign and US business leaders in Washington as the White House tries to further lower barriers to foreign investment. White House officials … Continue reading
Europe / Euro area unemployment rate at 12.2%, 24.1% for youth
The number of people out of work in the euro zone rose slightly in September, according to official data published on Thursday, showing that signs of renewed economic growth have not yet filtered through to the labor market. (via Jobless Rate in Euro Zone Stays at Record – NYTimes.com.) The Official Release The euro area (EA17) … Continue reading
Germany / Unemployment at one-year low but …
In 2013, unemployment in Germany was never lower than in the month of October, and more Germans than ever in the past 23 years had a job. But latest figures also show that the German jobs boom is faltering. In October, some 2.8 million Germans were officially registered as unemployed – about 47,760 less than … Continue reading
US / Mid-sized firms add more than 1.25 million jobs in 2013 while large corporations cut more than 3 million jobs
Mid-sized firms are on track to add more than 1.25 million jobs in 2013, which would account for 7 out of every 10 new jobs created this year. In addition, the nearly 200,000 companies representing the U.S. middle market grew revenue at 5.5% over the past 12 months, more than double the rate of S&P … Continue reading
Embraer / To add 600 jobs in Florida
After opening an aircraft assembly facility in Jacksonville, Embraer is still growing its Florida presence. The state is working on a deal that could add 600 jobs at Melbourne International Airport. Gov. Rick Scott announced Tuesday that Embraer jet manufacturer has selected the Space Coast airport to build its Legacy 450 and Legacy 500 planes. … Continue reading
US / Private job gains lowest in six months reports ADP
Private-sector employment growth slowed in October, as firms adding the fewest jobs in six months and Washington’s partisan bickering over spending hit the labor market, payrolls processing firm Automatic Data Processing Inc. reported Wednesday. Private employers added 130,000 jobs this month — the fewest since April — down from 145,000 in September, according to ADP. … Continue reading
US Higher Ed / Hiring in English and foreign languages drop
After two years of slight growth, hiring for faculty positions and other full-time jobs in English and foreign languages was down year-over-year, according to a new report from the Modern Language Association Continue reading
US Skills Gap / The Labor Market Polarization
the decline in the share of workers in middle-skill jobs is due both to a decline in inflows into these jobs and because of a rise in outflows from these jobs research finds Continue reading
China / 10.66 million urban jobs added
China’s urban unemployment rate dipped last month with the Asian nation creating 10.66 million new jobs in cities during the first nine months of the year. Continue reading
Youth / 25 Jobs in One Career for Gen Y
At 2.6 years per job, over 50+ years in the workforce, plus several temp assignments and contracts means that Gen Y can expect to hold 20-25 jobs over the course of a career. Continue reading
US / 2.9 job seekers for every job opening, first time in nearly five years the ratio fell below 3.0
In a labor market with strong job opportunities, the ratio would be close to 1-to-1, as it was in December 2000 (when it was 1.1-to-1) Continue reading
Afghanistan / 82 percent of Afghans are illiterate
Most Afghans cannot find permanent work, and even temporary work is drying up as international aid money Continue reading
India’s Mobile Economy / 730,000 direct jobs and an additional two million jobs in sale and distributors
GSMA is the global association for mobile companies. It came out with an India specific report “Mobile Economy India 2013″ Continue reading
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