Job Market Monitor
United States
Asians in the United States / Educational attainment and unemployment
A notable characteristic of the Nation’s Asians is their high rate of educational attainment. Fifty-two percent of those ages 25 and older had a bachelor’s degree or higher in the 2008–2010 period, considerably more than the average of 29 percent for non-Asians. In the 2008–2010 period, Asian Indians had the highest levels of educational attainment: … Continue reading
Tulsa / Verizon to add 500 jobs
Verizon will soon add a financial services hub to its Cherokee Industrial Park facility, a move that will add 500 jobs to the area. The announcement was made Friday morning, and scheduled to include an appearance by Gov. Mary Fallin. When complete, Verizon’s financial services hub will handle accounts payable, accounting and other financial activities. … Continue reading
US / Job Gap / President Elected Jobs Council without official meeting for a year
President Barack Obama’s Jobs Council hit a notable milestone on Thursday: one year without an official meeting. The 26-member panel is also set to expire at the end of the month, unless Obama extends its tenure. The group, formally known as the President’s Council on Jobs and Competitiveness, last convened on Jan. 17, 2012 for … Continue reading
California / Asian replacing Latinos as the primary source of immigrants
The face of new Californians – once predominantly Latino – is increasingly Asian American, census data show. A seismic shift in immigration has occurred in California over the last decade, with Asia replacing Latin America as the primary source of the state’s immigrants. “This is a pretty astounding change over a short period of time,” … Continue reading
US / Unemployment Benefits / New data are reassuring as jobless claims fall to 5-year low
Tow weeks ago, Two out of three employment-related reports were positive and only 28,000 persons were saying they have a job in the latest monthly labor market report. Last week claims data reflected those weaknesses, but new data are reassuring. SEASONALLY ADJUSTED DATA In the week ending January 12, the advance figure for seasonally adjusted initial claims was 335,000, a decrease … Continue reading
US Manufacturing Recovery / Unions are left behind
American factories are hiring again, but they’re not hiring union members. U.S. manufacturers have added a half-million new workers since the end of 2009, making the sector one of the few bright spots in an otherwise weak recovery. And yet there were 4 percent fewer union factory workers in 2012 than there were in 2010, … Continue reading
Lockheed / Another 150 workers at Fort Worth
An additional 150 workers at Lockheed Martin Aeronautics in west Fort Worth received pink slips today, more than doubling the number of layoffs since the first of the year. Employees at the plant have been told that their last day of work is expected to be Jan. 25, Lockheed spokesman Ken Ross confirmed in an … Continue reading
US / Business Roundtable proposes raising retirement age to 70
A business group of top executives on Wednesday proposed reforms to Social Security and Medicare that would raise the enrollment age for both programs to 70 but not raise Social Security taxes paid by upper-income Americans. The Business Roundtable, which represents more than 200 chief executives from some of the largest U.S. corporations, also urged … Continue reading
US / Pentagon / Civilian hiring freeze
The Pentagon is starting a civilian hiring freeze, effective immediately, Bloomberg News is reporting Wednesday. The move is related to the budget sequester that will take effect in March if Congress and the White House don’t act to turn off the sequester or replace its automatic spending cuts. While expected — Defense Secretary Leon Panetta … Continue reading
Walmart / Planning to hire more than 100,000: Why ?
Wal-Mart Stores (WMT +0.17%) isn’t planning to hire more than 100,000 veterans over the next five years out of the goodness of its heart, but that is not necessarily a bad thing. As Matthew Yglesias at Slate notes, “Wal-Mart is anticipating that demand conditions will warrant them adding a fair amount of staff over the … Continue reading
US / 47.5 million in Working Poors Families, could reach 50 millions soon
“While the U.S. economy has shown some signs of recovery—the U.S. unemployment rate has dipped below 8 percent from 10 percent three years ago—the economic outlook for many working families is bleak” write Brandon Roberts, Deborah Povich and Mark Mather New in LOW-INCOME WORKING FAMILIES: THE GROWING ECONOMIC GAP (Adapted choosen excerpts by Job Market Monitor to follow) Data from the U.S. … Continue reading
US / Unemployment Insurance: Extended benefits have added more than 125 percent over the past two years
“Unemployment insurance programs insure workers against the risk of lost income if they lose their job through no fault of their own. In the U.S., the program is run at the state level. Each state sets its benefit level and eligibility criteria, and finances these benefits through payroll taxes.2 ” write David L. Fuller, B. Ravikumar and … Continue reading
US / 23% of undergraduates with at least one parent who is an immigrant
While people earning STEM degrees has been on the uptick in the past two decades, a more recent Census report shows that most of the degrees in computer, math, statistics, and engineering disciplines are still going to foreign-born residents, primarily to those from China and India. Below are some interesting facts (many referring to the … Continue reading
US / Job Gap / Construction Still in The Red
Of the 8.8 million jobs lost in the U.S. economy, a whopping 2.2 million were in construction. Most of those jobs have yet to come back. Some construction firms expect to hire more workers in 2013, but don’t call it a comeback just yet. About 31% of construction companies plan to hire workers this year, … Continue reading
New Mexico / 7 000 apply for 200 retail jobs at Traget
In the last three days alone, thousands of people have applied for 200 new jobs at Target in Albuquerque, New Mexico, even though candidates only have 2.8 percent chance at getting a job. With long lines wrapping around the Marriott Upton building in Northeast Albuquerque, each candidate was competing with 7,000 others to get a … Continue reading
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