Job Market Monitor
Unemployment
100 Million Working Age Americans Not Working
The unemployment crisis in America is much worse than you are being told. Did you know that there are 100 million working age Americans that do not get up in the morning and go to work? No wonder why it seems like there are so many people that do not have jobs! According to the … Continue reading
Three main reasons that this recovery isn’t generating enough jobs
There are three main reasons that this recovery isn’t generating enough jobs: 1. Overall economic growth has been subpar since this recovery started Six months after the last recession ended, the U.S. economy began growing at an annual rate of 3.8%, adjusted for inflation. And although it has slowed since then, real growth for the … Continue reading
The Real Life of Long-Term Unemployed (video)
In Philadelphia, Steve Nathan and Rita Calicat have not been able to find work, and struggle to cope after reaching the limit of 99 weeks of unemployment benefits Click on the image to watch on Time web site
The extension of unemployment benefits may also have been a mistake write Becker-Posner
I don’t think there’s much else the government could have done to arrest the depression. Attempts at fundamental economic reform should not be made during a depression, because they create uncertainty, which increases the incentive of businesses and consumers alike to hoard rather than spend; hence the Administration’s health-care reform was mistimed. The extension of … Continue reading
Long-Term Unemployment is not a short term problem
“While I do not see much evidence of any significant increase in structural unemployment so far, I am concerned that structural unemployment could increase over time if the labor market heals too slowly–a phenomenon known as hysteresis” said Bernanke at the Money Marketeers of New York University, New York, New York, on April 11, 2012.
US | Nonfarm payroll employment up by 115,000 and the unemployment rate at 8.1%
Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing… Source: via Employment Situation Summary. Why Did the Unemployment Rate Drop? The … Continue reading
What is the best way to measure youth unemployment ?
Youth unemployment eases, but youth unemployment crisis continues The UK’s youth unemployment crisis is ongoing. So how different does the youth unemployment picture look when the alternative measure of youth unemployment is used? The latest unemployment data release marks the first anniversary of ONS publishing its alternative measure of youth unemployment, which excludes people in … Continue reading
Florida | Loss of unemployment benefits coming
Think of it as an improving economy’s collateral damage. Some 44,000 people throughout Florida are scheduled to have their extended federal unemployment benefits cut off May 12, regardless of how long the payments were slated to continue. In Sarasota and Manatee counties, some 600 jobless workers are expected to be affected, state officials said, though … Continue reading
UK | High unemployment to do ‘permanent damage’
The UK unemployment rate will rise from its current 8.3% to almost 9% by the end of this year, doing “permanent damage to the UK’s productive capacity”, a think tank has said. The National Institute of Economic and Social Research (NIESR) said that the persistent weakness in the economy was “unprecedented”. It says growth in … Continue reading
The 86 million uncounted unemployed – May. 3, 2012
There are far more jobless people in the United States than you might think. While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth. As a result, the labor … Continue reading
New definition of Unemployment Rate | Supernatural Rate = Actual Rate – Natural rate
The Natural Rate Hypothesis has been around us for … since Freidman presidential adress (1968?). Economists know that the definition lies on shaky grounds.
The number of Disabled Americans Workers receiving SSDI jumped 22%
The number of workers receiving SSDI jumped 22 percent to 8.7 million in April from 7.1 million in December 2007, Social Security data show. That helps explain as much as one quarter of the decline in the U.S. labor-force participation rate during the period, according to economists at JPMorgan Chase & Co. and Morgan Stanley. … Continue reading
Job Search | Ageism exists
Ageism does exist, as many types of discriminations do when hiring. What you need to do, however, is strategically plan how you are going to present yourself in an interview. Right now there is a declining work force. Thousands and thousands of people are retiring, taking with them years of institutional knowledge. This knowledge is … Continue reading
Gallup | U.S. Unemployment Rate Up in April
U.S. unemployment, as measured by Gallup without seasonal adjustment, showed a modest decline to 8.3% in April from 8.4% in March. However, applying the government’s historical April adjustment to Gallup’s unadjusted number yields a seasonally adjusted April estimate of 8.6%, up from 8.1% in March… Read More @ Gallup Seasonally Adjusted U.S. Unemployment Rate Up in … Continue reading
Long-term unemployment : almost 30% of jobless in U.S.
Once unemployed, more Americans are staying that way than before the recession, with 29.5% of jobless Americans now out of work for more than a year. In the first quarter of the year, 3.9 million of the nearly 13.3 million unemployed workers in the country had been jobless for all or most of 2011. That’s … Continue reading
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