Job Market Monitor
United States
US / The number of American working was up by only 17,000
The headline ” Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent”, the U.S. Bureau of Labor Statistics reported today. But the number of those working (SA) was up by only 17,000, after last month 28,000. This is by far not enough for a dent in the … Continue reading
US / No occupation spared from higher unemployment
The figure below shows unemployment rates by occupation in 2007 and 2012. While some occupations have higher unemployment rates than others, there is a job shortage in all occupational categories relative to before the recession started. Legal occupations and food preparation and serving occupations are doing the best with respect to where they were before … Continue reading
Unprepared For College – Infographics
Although 80% of students graduating high school think they are ready for college once they have their diplomas, the reality does not reflect this confidence. If students base their visions of college on the pop culture representation in movies like Van Wilder or Old School, they are in for a shock when their first week … Continue reading
US / Vast majority of wage earners are working harder and more
“The U.S. economy over the past decade has worked primarily to the advantage of a small sliver of winners” writes Lawrence Mishel of the Economic Policy Institute. (Excepts to follow) Meanwhile, the vast majority of workers have not fared well—a trend that stretches back to the late 1970s. Contrary to some political rhetoric of late, this is … Continue reading
US / Youth vs Parents: We Will Be Better Off They Think
American youth have little doubt that they will have a better life than their parents. Almost all fifth- through 12th-graders are optimistic about the future, saying they are very likely (43%) or somewhat likely (52%) to have a better standard of living, better homes, and a better education than their parents. A combined 5% of … Continue reading
US / Education Matters: Community College
The “jobs gap”—or number of jobs needed to return to pre–Great Recession levels—stood at 11.3 million in late 2012, while 12.8 million Americans were unemployed. Carnevale, Smith, and Strohl (2010), however, estimated 46.8 million new jobs will need to be filled by 2018, of which 13.8 million will be new jobs and 33 million will … Continue reading
A lower minimum wage for trainees in Washington state ?
Washington state has the highest state minimum wage in the nation, but a new bill being considered by lawmakers would allow some employers to pay a lower “training wage” to new employees for a certain period of time. The measure heard before the Senate Commerce & Labor Committee on Wednesday would establish a special training … Continue reading
US / Council on Jobs and Competitiveness set to end
In the “something you didn’t know existed that is now going away” category: The president’s Council on Jobs and Competitiveness is set to end tomorrow. It came together two years ago, to generate ideas and policies for accelerated job creation. I asked economist Gary Burtless at the Brookings Institution what he thought about the president’s … Continue reading
US / In decline?
The American Century is dead. Long live the next American Century. The subtext of political debate these days is that the United States is in decline — a proposition often portrayed as self-evident. The economy lacks dynamism; unemployment near 8 percent remains at recession levels. The president and his Republican critics barely talk to each … Continue reading
US / Blockbuster to shed thousands of jobs
ideo rental business Blockbuster plans to close hundreds of stores in the coming weeks and expects to shed thousands of jobs, the company said Tuesday. Blockbuster, which was bought by Dish Network (DISH, Fortune 500) in 2010 after going bankrupt, plans to close about 300 stores and cut about 3,000 jobs, said Dish spokesman John … Continue reading
Everyone knows Starbucks, but who is Opportunity Finance Network
Small business remains the backbone of America, creating more than 65 percent of our new jobs in the past 15 years. Unfortunately, in communities across the country, job growth remains stagnant as small and community-based businesses — critical sources of employment — lack access to the capital they need to create and sustain jobs. Providing … Continue reading
Aluminium / Ormet : 237 still off jobs
Tom Byers is glad Ormet Corp. made it through 2012 without laying off nearly 1,000 employees, but he would like to see the 237 who are out of work return to their jobs. “We have about 600 on the job right now,” said Byers, president of United Steelworkers Local 5724 at the Ormet Hannibal Primary … Continue reading
Barack Obama’s Second Inaugural Address: Excerpts on Job (the word ‘unemployment’ does not appear)
No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people… … Continue reading
Minesota / Debate touches on pros and cons of raising state minimum wage
Some of the first bills introduced at the Minnesota Legislature this year would raise the state’s minimum wage, which has not increased since 2005. The federal standard of $7.25 an hour applies to people who work for large companies or companies that engage in interstate commerce. The state minimum wage for the smallest businesses is … Continue reading
Unemployment Rates / International Comparison using american concepts
The International Labor Comparisons by the BLS The International Labor Comparisons (ILC) program adjusts data to a common conceptual framework because direct comparisons of national statistics across countries can be misleading due to differing concepts and methods. ILC data are used to assess U.S. economic and labor market performance relative to that of other countries and to … Continue reading
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