Job Market Monitor
United States
US / Fiscal Cliff and Unemployment Insurance: four options to extend benefits and their costs
The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a worker’s past earnings. CBO estimates that UI benefits totaled $94 billion in … Continue reading
U.S. Chamber of Commerce / Veterans / Our Heroes Program
The U.S. Chamber of Commerce’s National Chamber Foundation announced today the launch of VetNet, a new career resource for veterans, transitioning servicemembers, and military spouses created by the Chamber’s Hiring Our Heroes program, the Institute for Veterans and Military Families at Syracuse University, and Hire Heroes USA. The three organizations are partnering on the new … Continue reading
Wisconsin / One in five state business leaders eyes layoffs in next 6 months
Wisconsin business leaders say the state is headed in the right direction, yet one in five plans to cut staff in the next six months, the largest percentage in more than three years, according to a semi-annual survey conducted by Wisconsin Manufacturers and Commerce. Twenty percent said they plan layoffs in the first half of … Continue reading
US / All Time Biggest Layoffs
Hewlett-Packard It’s hard to top, or bottom, the recent mass firings by past-its-prime Silicon Valley stalwart Hewlett-Packard. The last few years have been dreadful for the computer manufacturer. Longtime CEO Carly Fiorina was shoved out the door after a disastrous merger with Compaq. Her successor Mark Hurd followed suit after a sex scandal, and his … Continue reading
US / For each dollar of federal highway grants received by a state, that state’s GSP rises by at least two dollars
Federal highway grants to states appear to boost economic activity in the short and medium term. The short-term effects appear to be due largely to increases in aggregate demand. Medium-term effects apparently reflect the increased productive capacity brought by improved roads. Overall, each dollar of federal highway grants received by a state raises that state’s … Continue reading
US / FED / Dallas Fed President, Richard Fisher, says Fed might set a target for unemployment
Dallas Fed President Richard Fisher, a top Federal Reserve official, said on Tuesday that his main concern now was unemployment, not inflation. He said another option the Fed might consider to signal its aims to markets was a target for unemployment, although this would be difficult because monetary policy alone was not responsible for creating jobs. … Continue reading
US / Unemployment Benefits / How Long Can You Collect ? (Infographics)
The following maps show the maximum duration of benefits in each state by year. .Choosen excerpts by Job Market Monitor from via How Long Can You Collect Unemployment Benefits? – Real Time Economics – WSJ.
Almost a third of the entire manufacturing industry jobs have disappeared since 2000
Nearly six million factory jobs, almost a third of the entire manufacturing industry, have disappeared since 2000. And while many of these jobs were lost to competition with low-wage countries, even more vanished because of computer-driven machinery that can do the work of 10, or in some cases, 100 workers. Those jobs are not coming … Continue reading
Fiscal Cliff / Unemployment Benefits will abruptly end for 2 million in dec., and nearly one million more in the first quarter of 2013
Because over five million workers will be unable to collect federal UI benefits next year if Congress fails to act, NELP is calling upon Congress to make this issue a priority during the lame-duck session of the 112th Congress. Not only should Congress reauthorize the EUC program in its current form for the next year, it … Continue reading
US / Three misperceptions prevent employment of Veterans
Research shows three misperceptions prevent employment of Veterans. Watch the video, click the image below via Warrior Transition Command | Wounded, ill, and injured Soldiers: A Story of Resilience. Related Posts American Veterans | Trends and Programs POSTED BY JOB MARKET MONITOR ⋅ NOVEMBER 12, 2012 ⋅ LEAVE A COMMENT “Veterans’ employment outcomes in the civilian labor market are an … Continue reading
What Accounts for the Slow Growth of the Economy After the Great Recession? – Infographic
Source: CBO | What Accounts for the Slow Growth of the Economy After the Recession? – Infographic.
US / 15% of law firms are planning to reduce partnership ranks
In a setback for the struggling legal industry, about 15 percent of U.S. law firms said they were planning to reduce partnership ranks in the first quarter of 2013 in a move seeking to address the problem of underused partners, according to a new survey by Wells Fargo Private Bank. The survey, which looks at … Continue reading
US / In 2011, the top 5% households accounted for 22.3% of total income, and the top 20% had 51.5%
“Although not itself a subject of legislation, the shape of the income distribution enters Congress’s decision-making process concerning such policy issues as taxes, means-tested benefits, and social insurance programs. Congress also considers legislation specifically in the name of those in the middle class, which is variously defined as some income level or income range within … Continue reading
US / The Top 10 Companies Hiring In Sales
Forbes and the online job search engine Indeed.com have collaborated to put together a list of the 10 companies with the most sales job postings at all salary levels. The lists 1. Oracle Number of open higher-level sales executive and B2B positions: 411 2. Edward Jones Number of open higher-level sales executive and B2B positions: … Continue reading
US / Food stamp enrollment up even if unemployment rate declines
From October 2009 to October 2012 the unemployment rate has declined from 10.2 percent to 7.9 percent. In that same time frame, nearly ten million new recipients have been added to the food stamp rolls, according to government data analyzed by the Republican committee staff. “Spending on the food stamp program has increased every single … Continue reading
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