Job Market Monitor
Labour Economics
UK | Almost 1 M persons out of work for more than a year by end of 2012 says IPPR
IPPR urges ‘job guarantee’ to tackle ‘hidden crisis’ of long-term unemployment Almost a million people will have been out of work for more than a year by the end of 2012, according to new analysis by the think tank IPPR. The think tank is today raising the alarm over the growing number of people who have … Continue reading
UK Labour Market | Surprisingly Positive Results
The employment rate for those aged from 16 to 64 was 70.4 per cent, up 0.1 on the quarter. There were 29.17 million people in employment aged 16 and over, up 53,000 on the quarter. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 on the quarter. There were 2.65 … Continue reading
Minimum Wage | Options for a radical reform
Professor Alan Manning, Head of the Economics Department at the London School of Economics where he has taught since 1989, takes steps back from the current annual debate about the appropriate but small rise in the value of the minimum wage to ask a bolder question: are there more radical reforms of the minimum wage that … Continue reading
U.S. CONGRESSIONAL BUDGET OFFICE | How To Respond to Persistently High Unemployment
The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. CBO projects that the unemployment rate will remain above 8 percent until 2014. The share of unemployed people who have been looking … Continue reading
Portsmouth | Manufacturers highlight lack of skilled workers
Shifting federal policies and a lack of skilled workers in the state labor market are among the largest impediments to hiring, representatives from the manufacturing industry said at a summit in Portsmouth on Wednesday. Representatives from Foss Manufacturing in Hampton, Laars Heating Systems Company in Rochester and firearms manufacturer SIG Sauer, which is currently … Continue reading
Is this grad generation doomed?
Opinions – Wellesley News: The inane act of two indebted students has ignited a lively debate concerning the global student loan crisis and the future of our generation in the employment market. Ross Harper and Ed Moyse, both 22 of the United Kingdom, decided to launch BuyMyFace.com in order to raise money to repay a combined … Continue reading
Teen Jobs Offer More Than Spare Cash, Expert Says : NPR
A quarter of U.S. teens between ages 16 and 19, who are looking for work, can’t find it. Michael Saltsman of Employment Policies Institute says teen unemployment isn’t just about buying pizza on Friday nights. The cash teens earn is often essential for supporting themselves and their families. Saltsman speaks with host Michel Martin. MICHEL … Continue reading
Canada – A Widening Skills Gap
A fault line is splintering Canada’s labour market into those who can’t find work and those who can’t find workers. There’s no shortage of people looking for work. Some 1.4 million Canadians are unemployed, the jobless rate is still above pre-recession levels and youth unemployment is nearly 14 per cent. Despite this, employers across the … Continue reading
Prime Aged American Men | From over 80 percent at work to less than 3 in 4
The percentage of Prime Aged American Men Without Disability (PAAM) who are employed is one of the best labor market indicator.
For Dummies | Skills and Personal Qualities that Employers Want
Popular skills that employers want A roundup of several surveys suggests skills that employers often admire. The following list is representative but not comprehensive: Effective communication: Employers seek candidates who can listen to instructions and act on those instructions with minimal guidance. They want employees who speak, write, and listen effectively, organize their thoughts logically, … Continue reading
Who Is the Most Unemployed?
As the recent recession and recovery have demonstrated, the storms and lulls in the labor market are rarely felt evenly among its participants. A variety of factors, including education and industry concentration, mean that some groups will remain vulnerable to job losses. However, as the economic recovery gains speed, the employment prospects for all workers should continue to improve. Continue reading
Skills Gap | Will It Chill a Warming Job Market?
According to the Society for Human Resource Management’s Jobs Outlook Survey for the second quarter of 2012, 58 percent of respondents have some level of confidence in the U.S. labor market and expect job growth for the April-to-June 2012 time frame. That’s up sharply from 34 percent of respondents in the fourth quarter of 2011. … Continue reading
Job Report | There is more work to be done says the White House | Bernanke is Right
The Employment Situation in March | The White House There is more work to be done, but today’s employment report provides further evidence that the economy is continuing to recover from the worst economic downturn since the Great Depression. It is critical that we continue to make smart investments that strengthen our economy and lay a … Continue reading
Employability : what does it mean ?
The Centre for Employment Studies Research – CESR’s Review present in its January issue (downloadable), Nick Wilton which deciphers for his reader the different meaning of employability. “The term ‘employability’ has gradually permeated the national consciousness, increasingly used across a variety of policy areas including higher education, social welfare and public finance. However, despite its … Continue reading
Who loses in the Great Recession? Those groups who lost in the recessions of the 1980s
“The labor market decline during Great Recession and its aftermath has been both deeper and longer than the early 1980s recession—indeed, the longest and deepest since the Great Depression” write Hilary Hoynes, Douglas L. Miller, and Jessamyn Schaller in Who Suffers During Recessions? published on econ.ucdavis.edu. (Adapted excerpts by Job Market Monitor follow) The labor market effects of the Great … Continue reading
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