Job Market Monitor
Unemployment
Last Shuttle – Struggling a year after layoffs
A year after NASA ended the three-decade-long U.S. space shuttle program, thousands of formerly well-paid engineers and other workers around the Kennedy Space Center are still struggling to find jobs to replace the careers that flourished when shuttles blasted off from the Florida “Space Coast.” Some have headed to South Carolina to build airplanes in … Continue reading
Cayman Islands – Unemployment Rate at 9.8%
Despite good news from the country’s experts that the local economy is improving, the government’s latest annual economic report shows that unemployment continues to climb, with over 1,700 Caymanians registered as unemployed – some 9.8% of the local workforce. via Cayman Islands News.
Netherlands – Sharp rise in ethnic minority youth unemployment
The unemployment rate among youngsters with an ethnic minority background rose between 22% and 29% over the first three months of this year, compared with 10% for the native Dutch, according to new research by the Forum institute. Of youths with a Moroccan background, up to 39% may now be without a job, Forum, which … Continue reading
Job Club – Because You Only Need One Job
Between networking, researching companies and spending hours searching and applying for jobs online, joblessness is a full-time job. And in that sense, those at the Lisle Township Job Club are fully employed. Its weekly networking meetings, held in the Community Career Center in Naperville, offer a window into the stubborn scourge of unemployment. I’ve come … Continue reading
First-time Calif. unemployment claims drop 9.5% – Handling Hard Times : The Orange County Register
California employers may be slow in adding jobs, but layoffs have declined substantially based on first-time claims for unemployment.Average weekly initial unemployment claims in the state rose to 61,851 in June from the 56,704 in May, according to the U.S. Labor Department. But for the first six months of the year, average weekly first-time filings were … Continue reading
Australia – Workforce gives up and drops out
AUSTRALIANS are dropping out of the workforce at unprecedented rates. Since the end of 2010, Bureau of Statistics figures show, two-thirds of the growth in the adult population has been among people who are neither employed nor unemployed, just sitting on the sidelines. New jobs figures yesterday show that in the past 18 months, the … Continue reading
Why Black Unemployment is high – Few Links To Corporate America
On Saturday, a panel discussing the persistently high unemployment among African-Americans and women on MSNBC’s Melissa Harris-Perry linked that problem to the shrinking public sector. One of host Melissa Harris-Perry‘s guests said that the black middle class was born out of the expansion of public sector employment and that African-Americans simply do not have links … Continue reading
Nigeria – Unemployment: Youth Corps
The atmosphere was vibrating with shouts and sounds of victory even as the young men and women were exuding excitement.This was the situation at the National Youth Service Corps NYSC orientation camp, Kubwa during the passing out parade of the 2011 Batch B Corps members. Master Kingsley Ugot not real name, a Youth Corps member … Continue reading
Youth Unemployment – Skills Gap – Germany will indeed help Spain
Germany says it will help Spain to launch German-style apprenticeships for its young people, half of whom are unemployed because of the debt crisis. Spain’s Education Minister, Jose Ignacio Wert, signed an agreement with his German counterpart in Stuttgart on Thursday, to give more Spaniards on-the-job training with German firms. Spain’s youth unemployment has soared … Continue reading
UK – A Campaign for a Public Inquiry into the Economic Crisis – International Business Times
Long before calling for public inquiries was made fashionable by the Labour party, one group of angry, politically cognisant members of the public decided that enough was enough with politicians, bankers, and the economy. The Campaign for an Independent Inquiry into the Economic Crisis in the UK, as it is not-so-pithily named, has struggled to … Continue reading
US – Unemployment Claims : A very welcomed four-year low
(Excerpts from the Press Release) In the week ending July 7, the advance figure for seasonally adjusted initial claims was 350,000, a decrease of 26,000 from the previous week’s revised figure of 376,000. The 4-week moving average was 376,500, a decrease of 9,750 from the previous week’s revised average of 386,250. The advance seasonally adjusted insured unemployment rate was … Continue reading
Autoworkers – 55% forced to ask family and friends for financial help three years after layoffs
Three years after losing their jobs, laid off autoworkers continue to struggle financially and personally, a new CAW report says. The second round of findings in the CAW’s three-year study of laid-off auto workers, found that 55 per cent of the 260 workers surveyed, have been forced to ask family and friends for financial help … Continue reading
Youth Unemployment – Young Invincibles Calls for Action
Fresh off a win to keep student-loan interest rates down, a youth-advocacy group would like to channel that energy into improving the job market. Young Invincibles released a sobering employment report Tuesday showing 16.5 percent of Americans ages 16 to 24 are without work. Unemployment is 30.2 percent for young African-Americans and 20.5 percent for … Continue reading
Road Map to More Jobs
How different would conditions be today economically and politically if unemployment were 7 percent instead of its current 8.2 percent? For one thing, some two million unemployed workers would have jobs, and the rate of economic growth would be comfortably above 2 percent, instead of below that pace. This scenario could have been possible if … Continue reading
Unemployment is high not because businesses are shedding jobs but because no one is hiring
New Yorker has a terrific one-page summary by James Surowiecki of why so many job vacancies are left unfilled “for want of any sufficiently qualified candidates” while so many people (especially young people with university degrees) are unable to find work. It’s behind a pay wall, so here’s a synopsis: Unemployment is high not because … Continue reading
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