Job Market Monitor
New York
Update – Hurricane Sandy Unemployment Benefits – Governor Cuomo Announces Federal Disaster Unemployment Assistance
Governor Cuomo Announces Federal Disaster Unemployment Assistance Now Available to New Yorkers Affected by Hurricane Sandy Governor Andrew M. Cuomo today announced that federal disaster unemployment assistance is now available to all New Yorkers who lost their jobs as a result of Hurricane Sandy. Disaster unemployment benefits are available to provide financial support to anyone … Continue reading
New-York – High School Drop-out Rates, Lack Of Job Skills High Among Young
The tenth Annual Education for All Global Monitoring Report shows that 12 percent of young people are dropping out of secondary schools in New York, and are left without vital foundation skills for work. This constitutes one fifth of young people aged 17-24 years being out of school and unemployed. These young people urgently need … Continue reading
Tom Allon – Candidate for Mayor of New York City – Declaring War on Unemployment
There is an enemy lurking in our midst and we need to squarely and definitively defeat it: joblessness. Our country’s ills are largely due to the ever-widening economic problems that are touching almost every family in America. If you or a family member are not unemployed or underemployed, you surely know someone close to you … Continue reading
Finance – Midlevel Jobs Going Out of Wall Street
New York’s biggest investment houses are shifting jobs out of the area and expanding in cheaper locales in the United States, threatening the vast middle tier of positions that form the backbone of employment on Wall Street. The shift comes even as banks consider deeper staff cuts here, which could undermine the state and city … Continue reading
Credit Suisse | To fire 126 employees in the New York area
Credit Suisse Group (CSGN.VX) plans, according to a notification the bank sent to New York State’s Department of Labor on Tuesday. The layoffs, which will extend through August 6, follow the elimination of jobs of 109 people in New York earlier this year. The filing did not disclose the level of seniority nor the business … Continue reading
PepsiCo layoffs will hit Westchester harder; 145 jobs will be cut | LoHud.com
Westchester County will bear more than its share of PepsiCo’s latest cost-savings measures. While the Purchase-based global food and beverage giant trims 2 percent of its employees around the nation, the local workforce — about 3,000 people in the county — will be cut by almost 5 percent, a company spokesman said. PepsiCo expects to … Continue reading
Former Lehman Worker Says Long-Term Unemployment Is ‘Demeaning’
At one time, it was easy for Pamela Vernocchi to get a job — she’s worked at several large financial firms on Wall Street — until she got laid-off in 2008. Since then Vernocchi has been on 30 job interviews and submitted around 4,000 resumes. She’s still unemployed. “Back in the day, I had to turn … Continue reading
Student Debt in U.S. Rises to $867 Billion, New York Fed Says – Bloomberg
Debt from educational loans in the U.S. rose to $867 billion last quarter, according to the Federal Reserve Bank of New York. The total increased from $865 billion three months earlier, according to a report released today. The figure comprised both federally backed loans, which are secured by the U.S. government, and private borrowing. While … Continue reading
Union reports layoffs at IBM | CharlotteObserver.com & The Charlotte Observer Newspaper
IBM is going through another layoff, according to a labor union trying to represent the company’s workers. The IBM Union Alliance in New York state, where IBM is based, began receiving calls and emails from IBM workers Monday morning. The layoffs are scattered across various sites and affect numerous divisions, said Lee Conrad, the union … 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
Toronto tops New York in risk of condo bubble | Mortgages | Personal Finance | Financial Post
A sliver of land wedged between Toronto’s elevated expressway and an off-ramp that pumps traffic into downtown may become the epicenter for a Canadian housing bubble. In four years, this site that’s now used as a parking lot and police impound near the shores of Lake Ontario will be home to Ten York, a 75-story … Continue reading
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