Job Market Monitor
United States
Unemployment Insurance / Claims fell last week but still dancing above 400,000 amid Sandy
Several states were still reporting an increase in claims because of Hurricane Sandy An analyst from the Labor Department said several states were still reporting an increase in claims because of Hurricane Sandy, the mammoth storm that slammed into the East Coast on Oct. 29. The storm left millions of homes and businesses without electricity, … Continue reading
US / Raise the Minimum Wage
If Democrats/liberals really wanted to help the poor, a good place to start would be raising the minimum wage. The exact amount is different depending on where one gets their information, but based on what I’ve read, if we took the minimum wage in 1968 and indexed it to inflation, these workers would make roughly … Continue reading
US / Losing the Race for Entrepreneurial Talent ? (Video)
In 2005, immigrant entrepreneurs launched 52% of all startups in Silicon Valley. But today, the number has dropped to 44%, and America is not only losing the opportunity to create new jobs but also losing its competitive edge, argues Vivek Wadhwa in his short, passionately argued book, The Immigrant Exodus: Why America Is Losing the … Continue reading
We’ve Seen This (Manufacturing) Movie Before
At the dawn of the 19th century, farmworkers were somewhere between 75% and 80% of the entire labor force. That number was still over 50% in 1860. It was not just the Industrial Revolution that increased the number of manufacturing workers in the US, it was an agricultural productivity revolution that allowed more food to … Continue reading
US / Job Gap / State-by-State
Each month, The Hamilton Project examines the “jobs gap,” which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who enter the labor force each month. As of September, our nation faces a gap of 11.1 million jobs, but the … Continue reading
Skills Gap / Shortfall of 40m forecasted by McKinsey Global Institute, China among the worst hit
High-tech companies face a shortfall of some 40m skilled workers by 2020, with businesses based in China likely to be among the worst hit, according to a study by the McKinsey Global Institute. The institute – a research arm of the McKinsey strategy consultancy – says that manufacturing will be the sector of the global … Continue reading
United States and the major European economies – Bouncing Back from the Great Recession
When the economic shocks that cause recessions in different economies have large common components, there may be lessons to be learned by studying how different economies respond write Thomas F. Cooley, B. Ravikumar, and Peter Rupert in Bouncing Back from the Great Recession: The United States Versus Europe in Federal Reserve Bank of St. Louis Economic Synopses (Adapted … Continue reading
Closing the Skills Gap / Connecting College Students and Employers
There are two major factors we need to address to close this gap and bring students and young professionals closer together with employers. The first factor is empowering students to make informed decisions about their degree and courses they take. It takes 120 credits to graduate with a Bachelor’s Degree, yet the national average is … Continue reading
FED / Lockhart / Aggressive Easing Needed For Jobs
Federal Reserve Bank of Atlanta President Dennis Lockhart said forceful central bank policies will remain needed to spur job growth even if Congress averts sudden tax increases and spending cuts at the end of the year. “I expect that continued aggressive use of balance sheet monetary tools will be appropriate and justified by economic conditions … Continue reading
Employment In Europe / Some perspectives
Over the past decades, there used to be that almost axiomatic, empirically derived law in economics that the natural unemployment *** rate in the US was bound to be lower than in most other western countries (notably European ones). I concentrate mainly on the EU in this answer since the other European countries are mostly … Continue reading
Healthcare Jobs are Booming (Infographics)
via Healthcare Jobs are Booming | Visual.ly.
Jobs for America / A Rooseveltian Second Term Agenda
As part of our series “A Rooseveltian Second Term Agenda,” a reminder that creating more good jobs must be the president’s top priority. The presidential victory of Barack Obama was an important vindication for the uses of government. The small-government ideologues were defeated, but now the nation must go farther and recognize government is indeed a … Continue reading
Kentucky / L’Oreal to add add 211 jobs
L’Oreal will invest $42 million and add 211 jobs over the next two years to expand its Florence facility on New Buffington Road. Gov. Steve Beshear and the judge-executives of Boone, Kenton and Campbell counties broke ground Thursday morning on the expansion at L’Oreal in Northern Kentucky that will double the workforce at the plant and … Continue reading
Michigan / Chrysler / To add 1,250 jobs in
Chrysler Group LLC will announce new investments and jobs Thursday at one of its Detroit facilities. A Chrysler spokeswoman would not comment on the details of the announcement, but the Detroit Free Press reports the Auburn Hills-based automaker invest $238 million in three Michigan plants and add about 1,250 jobs so it can ramp up … Continue reading
US | Jobless claims | At 439,000, and 78,000 up, Thx to Sandy
Unemployment Insurance Weekly Claims Report SEASONALLY ADJUSTED DATA In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week’s revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week’s revised average of 372,000. The advance seasonally … Continue reading
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