Job Market Monitor
Politics
Ageing, Social Security, and the Intergenerational Debate – An Overview
The ageing society debate is at the forefront of calls to reduce government deficits. The debate is driven by the proposition that national governments will not be able to afford to maintain the spending necessary to support the growing demands for medical care and pension support as populations age. At some points, the argument goes, … Continue reading
Sandy / Cheers for jobs program
CHEERS: For a $15.6 million emergency federal grant program that will pay for unemployed New Jerseyans to do temporary work helping to clean up the shore in the wake of Superstorm Sandy. It’s an idea so logical that some government skeptics might scarcely believe it came from elected officials. Out-of-work South Jerseyans who want to … Continue reading
French minister says Peugeot should cut in Spain, not just France
France’s industry ministry is pressing the country’s leading carmaker to limit the impact of a domestic restructuring set to claim 8,000 jobs – by shifting part of the cuts burden to Spain. Arnaud Montebourg, industrial renewal minister, was expected to raise the issue in talks on Thursday with PSA Peugeot Citroen chief executive Philippe Varin … Continue reading
EU – A €2bn stimulus package for 13,000 jobs
Details of the programme were announced at Government Buildings by Taoiseach Enda Kenny, Tánaiste Eamon Gilmore, and Minister for Public Expenditure Brendan Howlin. The funding for the programme will come from loans from the European Investment Bank, the National Pensions Reserve Fund, domestic bank loans and other potential private investment sources. Mr Kenny confirmed that … Continue reading
Anti-austerity waving in Europe
From the anti-austerity firebrands of Greece’s imminent elections to the corruption crusaders in Prague, from the Pirates of Berlin to the populists who scored well in France’s presidential election, a new wave of anti-establishment parties are on the rise across Europe, posing a threat to the political elite. Their causes vary – some are from … Continue reading
UPDATE | The cry of an innocent | David Cameron is disappointed by his “remarkable achievement”
Cameron’s Remarkable Achievement – NYTimes.com When David Cameron became PM, and announced his austerity plans — buying completely into both the confidence fairy and the invisible bond vigilantes — many were the hosannas, from both sides of the Atlantic. Pundits here urged Obama to “do a Cameron”; Cameron and Osborne were the toast of Very … Continue reading
The cry of an innocent | David Cameron is disappointed by UK double-dip recession
Britain’s return to recession is “very, very disappointing”, Prime Minister David Cameron said today, but he insisted the Government will stick to its programme of austerity and deficit reduction. The Office for National Statistics today announced the 0.2% decline in gross domestic product (GDP) in the first quarter of the year which, after a fall … Continue reading
Top Republicans Say America ‘May Never Recover’ from President Obama
America’s top two Republican leaders fired blistering broadsides Tuesday at President Barack Obama, saying that the president had made the economy and the future worse and that the United States “may never recover.” House Speaker John Boehner (R-Ohio) laid down the starkest warning, telling Fox News, “America can’t live for four more years with Barack … Continue reading
Academic economists played a big role in causing the crisis says Joseph Stiglitz
Academic economists played a big role in causing the crisis. Their models were overly simplified, distorted, and left out the most important aspects. Those faulty models then encouraged policy-makers to believe that the markets would solve all the problems. Before the crisis, if I had been a narrow-minded economist, I would have been very pleased … 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
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
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