Job Market Monitor
recovery
US – Job Growth During the Recovery
“Congress in recent years passed a number of bills intended in part to jump-start a recovery in the labor market from the recession that began in December 2007” writes Linda Levine in Job Growth During the Recovery (Adapted excerpts by JMM to follow). What was the labor market’s response to these measures ? How well the … Continue reading
US – Is the recovery really here now? Yes indeed.
It seems real this time. 1. The unemployment rate is down: In U.S., Unadjusted Unemployment at 7.3% in Mid-October U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup’s … Continue reading
U.S. Job Recovery – Faster for Men than Women
Even as women have moved up the economic ladder and outpaced men in earnings growth over the last decade, they are lagging behind in a crucial area — getting new jobs. Since the recession ended in June 2009, men have landed 80% of the 2.6 million net jobs created, including 61% in the last year. … Continue reading
Nine states have regained all jobs lost to recession – The Business Journals
Nine states and the District of Columbia have recovered all of the jobs they lost during the recession. The other 41 states are still working on their comebacks. On Numbers analyzed state-by-state employment data from the U.S. Bureau of Labor Statistics for May 2007 and the same month this year. The economic downturn officially … Continue reading
US – A Very Bad Recovery – Worse Ever ?
The stats are daunting. The unemployment rate has been above 8 percent for 41 consecutive months, yet as cited above, that number only reflects those people participating in the labor force. The labor force participation rate was 63.8 percent last month, one of the lowest percentages on record. If not for that convenient anomaly, unemployment would be … Continue reading
Job Market Recovery – Great Recession vs Great Depression
( By Bill McBride) – The causes of the Great Recession were similar to the Great Depression – as opposed to most post war recessions that were caused by Fed tightening to slow inflation – and I’m frequently asked if we could compare the percent job losses during the two periods. Unfortunately there is very little data … Continue reading
A Recovery is not another recovery
The point that all recoveries are the same — whether preceded by a financial crisis or not — is argued in a recent Federal Reserve working paper by Greg Howard, Robert Martin and Beth Anne Wilson. It was also discussed in a recent article in the Wall Street Journal. It is mystifying that they can … Continue reading
The Economic Recovery is Floundering
In the lead-up to the G20 summit in Los Cabos, the Brookings-FT Tiger index shows that this stop-and-go global recovery has stalled once again. The engines of world growth are running out of steam while the trailing wagons are going off the rails. Emerging market economies are facing sharp slowdowns in growth while many advanced … Continue reading
It will take until 2020 to close the Job Gap
U.S. jobs growth may have picked up earlier this year, offering the millions of unemployed hope that better days are ahead. But once again, the government’s monthly unemployment report comes with disappointing news. In April, the nation’s employers created 115,000 positions, after adding 154,000 in March, the Labor Department reported Friday. This was less than … Continue reading
Job Trends – Despite Sluggish Growth, Labor Markets in Developing Countries Continue Their Gradual Recovery
In a sample of developing countries, growth in the fourth quarter of 2011 slowed amidst considerable economic uncertainty. Figure 1 shows median growth rates of output, employment, wages, and the median unemployment rate for 11 countries with complete series on all four indicators. Median growth in gross domestic product (GDP) weakened slightly over the fourth … Continue reading
Middle class is getting left behind U.S. jobs recovery
Americans at the top and bottom of the income scale are benefiting most from the jobs recovery while those in the middle are getting left behind. Employees making above-average wages, like doctors and energy-industry workers, and those at the other extreme, including home-health aides and restaurant staff, have seen outsized gains in hiring since the … Continue reading
Layoffs by governments at local level hardly help job recovery and investment in education is falling by the way
Layoffs at the local level, by local administrations, we could say, by local government, are so numerous that we could post them on a separated blog. This hardly helps job recovery. Moreover, investment in education is falling by the way. Krugman thinks it is bad politics and we agree. …If it weren’t for this destructive … Continue reading
Signs of UK recovery may be exaggerated | Business | The Guardian
The GDP data revealed a worrying 5.6% decline in business investment in the last quarter of 2011 Let’s hope the euphoria that greeted last week’s economic data lasts longer than the cheers England’s footballers can expect this summer when the European championships get underway. There is nothing more traditional than football supporters putting hope ahead … Continue reading
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