Job Market Monitor
United States
US / Vets program to be unveiled
First lady Michelle Obama on Monday will announce the launch of a credentialing program that the White House says will help members of the armed forces leaving military service earn the certification needed for many high-tech jobs in the private sector. Many departing service members have faced problems landing high-tech jobs in the private sector … Continue reading
Unemployment in America from a Child’s Perspective
The report Unemployment from a Child’s Perspective written by Julia Isaacs examines unemployment from a child’s perspective, reporting that 6.2 million children lived in families with unemployed parents in 2012. ( Adapted chosen excerpts by Job Market Monitor to follow) When a parent loses a job, the entire family is affected, including the children. Money is suddenly tighter, and what … Continue reading
US / The Skills Gap is good for technical college graduates
Tabetha Moore was a year away from earning her associate’s degree in human resources when a local manufacturing company gave her a full-time job in her field and agreed to pay for her last two semesters of school. The 21-year-old hasn’t yet negotiated the salary she’ll earn after obtaining her diploma from Fox Valley Technical … Continue reading
Community-wide Job Loss on Student Achievement : Research finds positive effects on student enrollment in courses that keep them on-track to attend college
‘Understanding the impact of job loss on student achievement has grown increasingly important given the widespread job loss that occurred during the Great Recession’ writes Andy Chiamopoulos in The Effects of Community-wide Job Loss on Student Achievement on dukespace.lib.duke.edu. (Adapted chosen excerpts by Job Market Monitor to follow) The author evaluates the impact of the county-level job loss within North Carolina on 9 classes … Continue reading
US / What about the 22 percent of young people who drop out of high school?
In the U.S., the percentage of high school graduates by state ranges from 62 percent (Nevada) to 88 percent (Iowa), with an overall average of 78 percent. What about the 22 percent of young people who drop out of high school? What are their prospects? From a historical perspective, this chart shows the economic impact … Continue reading
US Gender Gap / 11 of 15 top-paying jobs dominated by men
The balance of genders among top professions leans heavily toward men but women are making strides forward, U.S. employment firm CareerBuilder said. “While employers have made strides in equalizing compensation for both genders, historical gaps are still present in some organizations today,” Rosemary Haefner, vice president of Human Resources at CareerBuilder said in a statement. … Continue reading
US / More older Americans and retirees working seasonal and temp jobs
Many older Americans and retirees are now working temporary and seasonal jobs as well as project assignments. There is a big demand in this area as employers generally do not have to pay benefits and the costs of off boarding are minimal by comparison to having to let a full-time person go. Any time employers … Continue reading
US / Jobless claims fall
The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market despite signs of slower growth. Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 339,000 the Labor Department said on Thursday. The prior week’s number was … Continue reading
US / There is no shortage of STEM workers says the Economic Policy Institute
In a new EPI paper, Hal Salzman of Rutgers, Daniel Kuehn of American University and B. Lindsay Lowell of Georgetown University find little evidence to support expansion of high-skill guestworker programs as proposed in the immigration bill being debated in the Senate. Contrary to many industry claims, the study finds that U.S. colleges and universities … Continue reading
Low Interest Rates Didn’t Induce Job Growth finds Research by St-Louis FED
The Federal Reserve set the target range for the federal funds rate at 0 to 25 basis points in December 2008. It has remained there because the recovery in output and jobs has been so slow. The rate was set so low to stimulate aggregate demand and job growth (by lowering borrowing costs for consumers … Continue reading
US / Pension / John Bogle on defined benefit programs
Q: In terms of the evolution of America’s retirement health, we’ve moved from defined benefit programs, pensions, to defined contribution. … Describe what’s happening to our retirement health as these [different] instruments are introduced and the rush of people into mutual funds. … … In my new book, which is called The Clash of the … Continue reading
US / The Uneven Recovery: Only the Top 7% get A Rise in Wealth
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau … Continue reading
US / Corporate pension funding: the Gap jumped 17 percent to $295.2 billion
The funding shortfall bedeviling the 100 largest U.S. corporate pension funds rose for a second straight year in 2012, as a strong stock market and hefty plan contributions failed to offset damage done by persistently low interest rates, according to an analysis by Towers Watson released on Monday. The gap between what these corporations, all … Continue reading
China IT firm in U.S / 200 new jobs paying on average $100,000
The largest information technology consulting firm in China said Monday it will plant its new U.S headquarters in Charlotte, bringing 200 jobs with an average salary of $100,000. Pactera Technology International, a Beijing-based firm with 23,000 employees worldwide, will make its U.S. headquarters in SouthPark Towers at 6100 Fairview Road, not far from SouthPark Mall. … Continue reading
US / High School Dropouts are Biggest Entrepreneurs
Among America’s most celebrated entrepreneurs are college dropouts like Mark Zuckerberg, Bill Gates, Steve Jobs and Michael Dell. But as it turns out, the country’s most frequent business founders are dropouts of a different kind: They dropped out of high school. That’s according to the latest numbers from the Kauffman Index of Entrepreneurial Activity, as … Continue reading
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