Job Market Monitor
United States
US – Weak Hiring Is The Problem, Not Layoffs
How bad is America’s jobs market? Layoffs and firings are at the lowest levels on record — yet the country still isn’t adding enough jobs to keep up with population growth. During the Great Recession, employers slashed millions of jobs. During the economic recovery, net job growth has been tepid. But the problem is no … Continue reading
Teacher Layoffs – Could Lead to Shortage
Teacher layoffs may save the state money in the short term, but a report by the state Task Force for Educator Excellence says over time that trend may be one of the things keeping people from wanting to stand in front of a classroom. California’s school kids have unzipped a whole new school year and third grader … Continue reading
US – Young Adult Unemployment – Something permanent in character has changed, for worse
A long term look The Unemployment rate for 20 to 24 years is has been higher than the overall rate since the BLS has produced those two series, except for a couple of months at the beginning of the 50’s when the job market was at full employment. Each recession has worsened the relative situation … Continue reading
Inequalities in America – 288 times richer
The wealth gap between the richest Americans and the typical family more than doubled over the past 50 years. In 1962, the top 1% had 125 times the net worth of the median household. That shot up to 288 times by 2010, according to a new report by the left-leaning Economic Policy Institute. That trend … Continue reading
US unemployment is worse than …
“The United States publishes two employment numbers: one based on a survey of employers (“the payroll survey”) and one based on a survey of households” Stefan Karlsson in US unemployment is worse than the headlines say on CSMonitor.com , adding: “The household survey gets more ink, but its proven itself unreliable.” “As I’ve discussed repeatedly, unlike most other … Continue reading
Willow Valley Inn – 175 Layoff
Willow Valley Inn & Suites in Lancaster County will lay off 175 people in November when the hotel closes to be demolished as part of the ongoing redevelopment there, according to a letter filed with the state Department of Labor and Industry. The West Lampeter Township hotel is operated by Willow Valley Associates Inc., which … Continue reading
The 2011 Poverty Rate: What to Expect and How Long Will It Last? | Brookings Institution
The Center on Children and Families at Brookings has used a model for the past three years to predict the U.S. poverty rate before the official figure was released by the Census Bureau. As the table below shows, our track record is reasonably good although we caution that predictions are just that and can be … Continue reading
US – 5 Reasons Why the Job Market is Going In Recession
US Job Market is nearly In recession Continue reading
US – Employment rose by only 96,000 but unemployment rate down at 8.1%
Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care. Household Survey Data The unemployment rate edged down in August to 8.1 percent. Since … Continue reading
Intel – Veterans hired for their job skills
Intel has hired nearly 400 veterans in Arizona since the first of the year, and the company’s recruiter said it makes good business sense. “The veterans we’re hiring absolutely meet critical skills we require,” said Robert Polston, director of veterans recruiting at Intel, a full-time employee since 2004 and a captain in the Arizona Army … Continue reading
U.S. Employment Outlook, Simply Hired
Nationwide job openings dip. For the first time in four months, nationwide job openings decreased in August, with a 1.7% decline from July. However, year-over-year job openings remain positive with a 2.5 percent increase. Job competition remained the same at a nationwide ratio of 3:1. “After three continuous months of job opening growth, nationwide job … Continue reading
Is the US job market weak? It’s all about how you slice the data.
Is the U.S. job market dismal as Republican presidential nominee Mitt Romney says? Or is it steadily improving as President Barack Obama contends? Not to dodge the question or anything, but both men are correct. It’s all about how you slice the data. Romney and his Republican allies like to point to the unemployment rate. … Continue reading
Better Making Clothes In The US
Edwin Keh, a lecturer at the Wharton School at University of Pennsylvania, told WWD: “In the last couple of years, chiefly in the relationship of the U.S. dollar to the Chinese renminbi, it became less. Coupled with stubbornly high oil prices, suddenly the question became why take on so much risk to offshore when you … Continue reading
How many more private-sector jobs since Obama’s election?
The nation does have 4.5 million more private-sector jobs than it did in January 2010. But by then, Mr. Obama had already been in office for a year. Starting the jobs count in January 2009, the month Mr. Obama took office, shows that the nation now has only 332,000 more private-sector jobs now. Figuring out … Continue reading
Bridging the skills gap and education
It’s the Labor Day weekend, a time when we all take a day off to catch a breath. For many people, this weekend will pass without the prospect of work. Yet many employers are unable to find suitable workers, and jobs are unfilled. What can be done? “Mismatches in supply and demand for educated workers … Continue reading
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