Job Market Monitor
United States
US / 75 and older still working has skyrocketed by 76.7%
The number of workers who are 75 and older has skyrocketed by 76.7% in the past two decades, according to research by the AARP Public Policy Institute. “We are living longer, healthier lives,” says Kerry Hannon, author of Great Jobs for Everyone 50+. “And the types of work that people do is not as labor … Continue reading
Fed’s Rosengren: unemployment is well above a longer-run sustainable rate
Aggressive policy easing will remain necessary for the simple reason that levels of both U.S. unemployment and inflation are not where the Federal Reserve wants them to be, a top U.S. central bank official said on Tuesday. In a textbook argument that appeared to push back at some of his more hawkish peers, Boston Fed … Continue reading
US Job Market : Overall, an improvement
The chart below tells a familiar, but not too happy, story. Only one of the variables in the collection of employer behavior, employee and employer confidence, and labor resource utilization categories has recovered even half the gap from its prerecession benchmark. The labor resource utilization variables look particularly bad, with one variable—marginally attached workers—actually getting … Continue reading
Great Recession Fifth Anniversary: The case of Older Workers
December 2012 marked the fifth year since the official onset of the Great Recession in December 2007 and more than three years since its official end in June 2009. What does the picture look like for Americans aged 55 and older today? More older people are in the labor force, either working or looking for … Continue reading
US / Solar Energy / Hemlock Semiconductor Laying off 400
Hemlock Semiconductor Group said on Monday it will lay off about 400 workers in Tennessee and Michigan due to a global glut of polysilicon and the threat of tariffs on its products sold in China. Hemlock is a major producer of polysilicon, the raw material used in most photovoltaic solar panels. It is a joint … Continue reading
US / Middle-Class Employment Problems: Central challenge of Obama’s second term
On election night in Chicago two months ago, President Barack Obama triumphantly pledged to fight for a middle class he’d appealed to relentlessly — and successfully — on the 2012 campaign trail. “I believe we can build on the progress we’ve made and continue to fight for new jobs and new opportunity and new security … Continue reading
US / Nursing: Where’s the shortage?
I graduated from San Jose State University in May and got my registered nurse license in July. I have applied for jobs all over California and also other states such as Texas, Nevada, Oklahoma, and Virginia. I also applied with travel agencies but had no luck. I am currently working as a caregiver for a … Continue reading
Low literacy skills disproportionally hurt women
Appropriate literacy levels are crucial for both men and women seeking education and employment opportunities, but low literacy skills disproportionally hurt women’s chances of earning a sustaining wage. IWPR analysis of National Assessment of Adult Literacy (NAAL) data reveals that men earn more than women regardless of literacy level. Women with low literacy skills report … Continue reading
US / The App Economy: from 0 to roughly 466,000 jobs in less than 5 years
“How can the U.S. dig itself out of the current job drought?” asks Michael Mandel in WHERE THE JOBS ARE: The APP Economy (Choosen excerpts by Job Market Monitor to follow) Government policy can temporarily boost employment. The ultimate answer, though, is innovation: The creation of new goods and services that spur the growth of new industries … Continue reading
From Factories to Cubicles (Infographics)
Source: BACK TO THE FUTURE IS THERE A SECOND ACT FOR U.S. MANUFACTURING?
US / College Degrees Matter
How Much Protection Does a College Degree Afford? Past research from Pew’s Economic Mobility Project has shown the power of a college education to both promote upward mobility and prevent downward mobility. In the wake of the Great Recession, however, many have questioned whether the advantageous market situation of college graduates has suffered under the pressure … Continue reading
US / Job Gap / A four million shortfall in employment
According to the last jobs report for 2012, the United States labor market continues to recover at a steady but modest pace despite a global slowdown, Hurricane Sandy and anxieties about future fiscal policy. Private payrolls increased by two million in 2012, and the unemployment rate fell by 0.7 percentage point to 7.8 percent. Over … Continue reading
US / Unemployment Benefits / An increase to 371,000 reflecting weak reports
Lats week, 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. Latest claims data reflect those weaknesses. SEASONALLY ADJUSTED DATA In the week ending January 5, the advance figure for seasonally adjusted initial claims was 371,000, an increase of 4,000 from the previous … Continue reading
Unemployment Insurance / The bang-for-the-buck among the highest
By the time Congress got around to passing an extension of emergency jobless benefits last week, Clyde Lance no longer needed them. On Dec. 17, his 52nd birthday, Lance started a full-time job helping train technicians for the International Society of Automation in Research Triangle Park, North Carolina, ending a three-year search for a permanent … Continue reading
US / Gunmaker Subsidized to Lure Jobs
Governments in nine states have awarded at least $49 million in subsidies in the past five years to gun and ammunition makers whose products are under scrutiny after last month’s school shooting in Connecticut. Almost 85 percent of those tax breaks or grants have gone to two companies: Olin Corp. (OLN), the Clayton, Missouri-based maker … Continue reading
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