Job Market Monitor
United States
US / Married adults who raise children are 56 percent more likely to be poor
Most parents with below-poverty incomes who are raising minor children are married. according to Married … without Means Poverty and Economic Hardship Among Married Americans by Shawn Fremstad The failure of many policy elites to recognize the extent of marital poverty covers up the profound economic struggles of millions of married parents. The paper concludes that to reduce … Continue reading
Pentagon / Civilian defense workers at risk of layoffs by thousands
The 113th Congress‘ most pressing defense-related concern will be the military’s budget, despite the previous Congress having averted the so-called “fiscal cliff.” Come March 1, automatic spending cuts will begin slicing $500 billion from the Pentagon’s budget over the next 10 years — and prompting layoffs for as many as 800,000 civilian Defense Department workers. … Continue reading
US / Youth Unemployment among Young African American: 22.1 percent
U.S. employers added 155,000 jobs in December and the unemployment rate held steady at 7.8%. However, the jobs outlook for young people especially young black teens is bleak. According to Generation Opportunity, which charts unemployment for Millennials aged 18-29, the general jobless rate for teens is 11.5 percent and a shocking 22.1 percent for younger … Continue reading
US / Women’s unemployment higher than men’s for first time in more than six years
For the first time in more than six years, the unemployment rate for adult women (those over age 20), seasonally adjusted, has surpassed that for adult men. This reversal was first noted by Joan Entmacher, vice president for family economic security at the National Women’s Law Center. During the recession, men had borne the brunt … Continue reading
US / Millennial / 2013 Outlook Grim
The latest jobs report doesn’t hold much promise for millennials looking for work. The overall unemployment rate for 18 to 29-year olds in December was 11.5 percent, according to the national, non-partisan organization Generation Opportunity, which analyzes the data specifically for that age range. David Pasch, Generation Opportunity’s Director of Communications, told HuffPost Live Monday … Continue reading
US / MBA / Hard Times and Smaller Paycheck
Like many students, Steve Vonderweidt hoped that a master’s degree in business administration would open doors to a new job with a higher paycheck. Soaring tuition costs, a weak labor market and a glut of recent graduates are upending the notion that M.B.A.s and other professional degrees are a sure ticket to financial success. WSJ’s … Continue reading
US / Jobs with the lowest and highest unemployment rates
The top jobs with the lowest unemployment rates for 2012 include fields in areas from health care and finance, to social services and engineering — and all require a lot of education and training. “You look at these jobs, they are all high skilled, high education, and high experience,” said Abraham Mosisa, an economist at … Continue reading
Apple / Hiring at Data Center
Apple is continuing to hire staff for its data center operations, with positions available at current and future locations in North Carolina, Oregon, California sites in Newark and Santa Clara, and a new data center under construction in Reno, Nevada. The current openings include a position for a Data Center Site Services Manager in Maiden, N.C. … Continue reading
US / Greater demand for physicians
National recruiters say that as good as 2012 was for physicians seeking employment in hospitals or groups, 2013 will be even better. Due to impending physician retirements, decreases in the hours doctors work and increased demand for physicians, job opportunities for employed physicians won’t just be more plentiful but also will offer more variety. That … Continue reading
US / Five states without a state-set minimum wage, Louisiana is one of them
A recent national report shows that Louisiana is one of only five states without a state-set minimum wage, but state officials say it doesn’t really matter. The National Conference of State Legislators report shows that Louisiana, Alabama, Mississippi, South Carolina and Tennessee have no set minimums that must be paid to workers in private or … Continue reading
US / Unemployment and deficits go together
The unemployment rate is too damn high, and all that America’s politicians can talk about is the budget deficit. If only they knew that we can take care of both of them at once. Friday’s unemployment report, showing joblessness still stubbornly high, makes the absolute insanity of Washington’s deficit obsession even plainer. In fact, unemployment … Continue reading
US / Defined contribution retirement plans cost more than defined benefit
Private industry employers now spend more per employee hour worked for defined contribution retirement plans (retirement plans that specify the level of employer contributions and place those contributions into individual employee accounts) than for defined benefit retirement plans (plans that provide employees with guaranteed retirement benefits that are based on a benefit formula). March 2012 … Continue reading
There have been only two administrations that turned in a worse performance in private-sector job growth says NYTimes.com
The December jobs figures out today indicate that there were 725,000 more jobs in the private sector than at the end of 2008 — and 697,000 fewer government jobs. That works into a private-sector gain of 0.6 percent, and a government sector decline of 3.1 percent. In total, the number of people with jobs is … Continue reading
Where The Jobs Are: ZeroHedge on The Jobs Gerontocracy
Tyler Durden of ZeroHedge writes: A good jobs report? Sure, if one is 55 and over. In December the American jobs gerontocracy continued its relentless course … some 2.7 million jobs in the 16-55 year old category have been lost. The “offset”: 4 million jobs for Americans between 55 and 69. For all those young people … Continue reading
Update – US / An increase of only 28,000 persons saying they have a job: proportion at work declined
The last Employment Report for 2012 is fresh out. Comments will focus on the fact that Nonfarm payroll employment rose by 155,000 and the unemployment rate was unchanged at 7.8 percent. All that is true but… there is a big bad news. An important indicator coming from the household survey is the Employment-population ratio which , in short, … Continue reading
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