Job Market Monitor
United States
The unemployment rate would slowly increase over the coming months – Brookings
“The November employment report showed unexpected declines in both the unemployment rate and in the labor force participation. A stock-flow analysis of the latest report shows that the labor market continues to show many signs of weakness, with no improvements in workers’ job finding rates and a stubbornly elevated rate of job separation. In fact, … Continue reading
US / 40 percent of Fortune 500 companies were founded by immigrants
Immigrant entrepreneurs are doing great things in America today. Lebanese born Dr. Charles Elachi is the Director of NASA’s Jet Propulsion Laboratory and his team just sent a rover to Mars. Russian born Sergey Brin is the co-founder of Google. In fact, a 2011 study found that 40 percent of Fortune 500 companies were founded … Continue reading
Workers with no benefit, less-educated struggling and the rich disconnected
“The U.S. economy is still a powerful engine, but workers aren’t seeing the benefits, less-educated men are struggling, and the rich have disconnected from everyone else” writes Jonathan Rauch. (Choosen excerpts by Job Market Monitor to follow) If the American economy were an automobile, you would say the transmission is failing. The engine works, but not all … Continue reading
Reshoring / Apple to return some Mac production in US
Apple Inc is planning to bring back some of its production of Mac computers to the United States from China next year, Chief Executive Tim Cook said, according to a report published Thursday. The company will spend more than $100 million to build the computers in the United States, Cook was cited as saying in … Continue reading
Skills Gap / SMEs are not confident enough right now to make big investments in training
“We’ve been able to find the types of people that we want as long we are willing to invest in them to bring them to the level of skill that we need,” says Tammy Krings who has something of a happy problem for her growing, Columbus, Ohio-based global travel business, TS24… Millions of small- and medium-sized employers, … Continue reading
U.S. Unadjusted Unemployment Shoots Back Up find Gallup one day ahead of the jobs report
In light of the figures on unemployment claims coming out since four weeks, this is not surprising. Tomorrow’s report should not be better.(1) *-* U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a … Continue reading
Unemployment Insurance / Claims fell last week with Sandy effect subsides
SEASONALLY ADJUSTED DATA In the week ending December 1, the advance figure for seasonally adjusted initial claims was 370,000, a decrease of 25,000 from the previous week’s revised figure of 395,000. The 4-week moving average was 408,000, an increase of 2,250 from the previous week’s revised average of 405,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent … Continue reading
New York / Minimum-wage hike would kill 22,000 jobs over the next decade finds The National Federation of Independent Business
A proposal to hike the state’s minimum wage would kill 22,000 jobs over the next decade and cut economic output by $2.5 billion, New York’s small- business lobby claimed in a study released yesterday. The National Federation of Independent Business report estimates that seven of every 10 job losses would occur in small businesses, which … Continue reading
ADP Report : November jobs hit by Superstorm Sandy
Superstorm Sandy took a bite out of businesses hiring in November, according to a closely watched reading that suggests a weak Labor Department jobs report could be coming this Friday. Payroll processing firm ADP reported that private-sector employers added 118,000 jobs in the month, down from the 157,000 jobs added by businesses the previous month. … Continue reading
US / The top 5 legal issues currently facing employers
Following XpertHR’s recent launch in the US, legal editor Michael Cardman discusses the changing legal landscape and reveals the top five issues that US employers are facing. 1 Social media The proliferation of social media poses risks and rewards for employers. Facebook, Twitter and LinkedIn can help employers to spread brand awareness, recruit new employees … Continue reading
US / Employment among young people at lowest level since 1950s
Nearly 6.5 million U.S. teens and young adults are neither in school nor in the workforce, veering toward chronic underemployment as adults and failing to gain the skills employers need in the 21st century, according to a new KIDS COUNT® report from the Annie E. Casey Foundation. Many of these young people, ranging from ages … Continue reading
Airports / 19 million jobs were located within 10 miles of major american airports
As our Richard Florida pointed out in a series of posts last spring, airports play a “substantial role” in the economic growth of American cities. Their ability to facilitate the movement of goods and people may influence urban development as much as highways, railroads, and seaports did in previous centuries. They may also rival nearby … Continue reading
US / 100 Small Businesses have created more than 73,000 jobs between 2008 and 2011
Small businesses will put Americans back to work. That’s what Eric Schurenberg, editor-in-chief at Inc. magazine, told us. That’s also why he decided to come up with his own list of the top small businesses that are creating the most jobs right now. “The Inc. 500 list has been around since the early 80’s,” Schurenberg said. “So why … Continue reading
Unemployment Insurance / Its Importance for American Families and the Economy
Among the many spending cuts and tax increases legislated to take effect at the turn of the year, few policies have as direct an effect on those most affected by the Great Recession than the expiration of extended unemployment insurance (UI) benefits. In the first week of January, roughly two million individuals will lose extended … Continue reading
US / The Real Median Household Income Free Fall
Courtesy of Doug Short, we see from the above that the past decade has seen no gains in real median household incomes. Indeed, the free fall began in earnest in 2008, and now reflects an 8.1% decrease in real buying power. This is for the median household — we know from Fed and IRS data … Continue reading
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