Job Market Monitor
United States
Pennsylvania / Budget proposes pension reform, 400 layoffs plus the elimination of 500 other positions
Gov. Tom Corbett today asked his Republican-controlled Legislature for pension reform, transportation investments and a $90 million increase in basic education funding in his 2013-14 budget. The Republican governor’s $28.4 billion blueprint, if approved by lawmakers, is $679 million higher than the current year’s budget and includes no tax increase. It does, however, propose 400 … Continue reading
BLS / Page Views per month, on average: 45.8 millon in 2012
BLS / Unique Visitors Website per Month, on average: 4 million in 2012 Page Views per month, on average: 45.8 millions MOST FREQUENTLY REQUESTED DATA SERIES Unemployment Rate: LNS14000000 (156,234 downloads per month, on average) .
US / Unemployment / The Economic Nightmare is not over
The broadest measure of unemployment/underemployment, which is the “SGS Alternate Unemployment Rate” published by Shadow Government Statistics, remained at 23.0% in January, its highest level ever. This measure was at 17.6% when Bush 43 left office. Also last month, America moved another 186,000 jobs away from full employment, to a total of 15.0 million. This … Continue reading
US / Smart Deficit Reduction Matters
According to the Bureau of Labor Statistics, the economy added 157,000 jobs during the month of January and an average of 200,000 jobs in the prior three months. These new estimates of job gains now reflect the annual “benchmark” revision to the payroll survey, which showed that the level of employment in December last year … Continue reading
US / Immigrants and Jobs ?
There are a lot of competing studies (and pundits) out there, but the general takeaway from conservative and liberal economists is that immigration is good for Americans’ living standards over the long run. That’s because immigrants raise the wages of native-born workers (and also lower the cost of immigrant-dense services like child care and cleaning). … Continue reading
US College / Unemployment Rate for Bachelor’s-Degree: 3.7 Percent
I like to make this chart of unemployment rates by education attainment every few months. And it’s been a few months, so: Here’s what this graph does not say. It doesn’t say that college is guaranteed to get you a job, especially right out of school. It also doesn’t say that college drop-outs are destined … Continue reading
US Mexican immigrants / 64 percent have not pursued naturalization
Mexican immigrants living in the United States legally are slow to seek U.S. citizenship, results of a Pew study released Monday indicate. Of the 5.4 million legal Mexican immigrants, 64 percent have not pursued naturalization. The 36 percent who have is about half the rate of legal immigrants from all other countries combined, the Pew … Continue reading
US Workforce Development / Layoffs At State Unemployment Agencies
Businesses added 166,000 jobs in January, the U.S. Labor Department announced Friday, while the government eliminated 9,000. The twin trends have been a signature of the past three years of economic recovery. For some state workforce agency staffers, the overall improvement is bad news. With fewer people claiming unemployment insurance benefits, state unemployment agencies will … Continue reading
US / 14 Reasons for an Employment Policy
We Americans must be a remarkably patient people. It ‘s been four years since Wall Street ruined the economy, we’re nearly nine million jobs behind where we need to be, and for years our politicians have debated how much less – not how much more – they’ll do about it. We’ve patiently endured lectures about … Continue reading
West Virginia / Unemployment Insurance: Not a good employment policy
Every business faces ups and downs, and how a business reacts and adapts to a downturn plays a large part in its success. During tough economic times, businesses often face difficult decisions and can be forced to lay off valuable, trained employees in order to survive. Not only do businesses lose their skilled employees and … Continue reading
US / At 2012 pace, full employment won’t come until 2022
The jobs numbers have been crunched and re-crunched, and it turns out that the U.S. economy added an average of 181,000 jobs per month in 2012. That’s a faster rate than in 2011 or 2010. But it’s also relatively sluggish, given the deep, deep hole the economy is still in. If the United States keeps adding … Continue reading
US / Closing the Gap: German Skills Initiative hosted in Washington
On Tuesday, January 29th, the German Embassy in Washington, DC hosted “The German Skills Initiative” with many heads of both U.S. and German corporations in attendance. Alongside German Ambassador Peter Ammon, the speakers included U.S. Secretary of Commerce Dr. Rebecca Blank, German Deputy Chief Executive of International Economic Affairs Dr. Volker Treir, CEO of Siemens … Continue reading
US / Delaying retirement / From 42% in 2010 to 62% in 2012 among workers between the ages of 45 and 60
According to a new report released by The Conference Board, older workers intend to postpone their retirement now more than ever, despite a recovering U.S. economy. Using data from the August 2012 Consumer Confidence Survey, Trapped on the Worker Treadmill? documented a sharp increase in plans to delay retirement among workers between the ages of 45 … Continue reading
US / The 40 Million Immigrants, Including the 11 Million Unauthorized
The nation’s total immigrant population reached a record 40.4 million in 2011, according to an analysis of Census Bureau data by the Pew Hispanic Center, a project of the Pew Research Center. Over the last decade, the number of immigrants in the U.S. has steadily grown. Since 2007 alone, the number of immigrants living in … Continue reading
US / Job growth needs to be at 284,984 a month to get to 5 percent unemployment within two years
Getting the economy to 5 percent unemployment within two years — a return to the rate that prevailed when the recession began — would require job growth of closer to 284,984 a month. There are now 12.3 million workers looking for work who cannot find it. The tally of those who are underemployed — that … Continue reading
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