Job Market Monitor
United States
Vocational Education – Renewed Respect
Remember the days of the candy-colored tangerine flake streamline baby, when backyard mechanics could customize their cars? Try that nowadays, warns mechanic Chip Bissey, of J and C Auto in the Northeast. “You’re going to wind up shorting out a computer or something like that and one cross of a wrong wire and you’re out … Continue reading
US – The Low-Wage Recovery and Growing Inequality , a report by the National Employment Law Project
This report updates National Employment Law Project’s previous analyses of job loss and job growth trends during and after the Great Recession. The authors find that during the recession (2008 Q1 to 2010 Q1), employment losses occurred throughout the economy, but were concentrated in mid-wage occupations. By contrast, during the recovery (2010 Q1 to 2012 … Continue reading
What Americans Do of Their Time in a Workday
What Americans Do All Day Long | The Big Picture.
Federal extended unemployment benefits – More reductions are set for September
“I am getting frantic emails and comments on my blog posts from people who are running out of unemployment benefits and aren’t sure why” writes Alison Doyle. “The reason is that what is provided for unemployed workers changed dramatically in January.” “Federal extended unemployment benefits have been gradually reduced this year and more reductions are … Continue reading
A Secure Job to be in the Middle Class
Americans believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping homeownership and a college education, according to a new nationwide Pew Research Center survey of 2,508 adults. Nearly nine-in-ten adults (86%) say a person needs a secure job to be considered part of … Continue reading
U.S. trade deficit with China cost 2.7 million jobs
The U.S. trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs between 2001 and 2011, a new Economic Policy Institute briefing paper finds. The China toll: Growing U.S. trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state, by EPI’s Director of Trade … Continue reading
Paul Ryan – 12 million new jobs over the next four years
Entering the Republican National Convention to ebullient cheers, Rep. Paul Ryan, the Wisconsin congressman, hammered Obama for failing to create enough jobs, chastised the current administration for focusing on health care at the expense of the unemployed. “Right now, 23 million men and women are struggling to find work… Nearly one in six Americans is … Continue reading
Unemployment Insurance Claims – It’s hard to beleive that the job market really improving ?
Last report was not a good one with 372,000 (unrevisied). This morning report isn’t better. Is the job market really improving ? Hard to beleive. SEASONALLY ADJUSTED DATA ; In the week ending August 25, the advance figure for seasonally adjusted initial claims was 374,000, unchanged from the previous week’s revised figure of 374,000. The … Continue reading
Long-term Unemployment Hard On Confidence
Janice Pratt came here in the 1980s for the booming local economy, but now the city’s unemployment rate is 9 percent. She hasn’t had steady work since 2008 when she lost her job with a tech company after a lengthy marketing career. Pratt fears the mere fact that she is unemployed is hurting her chances … Continue reading
Oregon – Schnitzer Steel to cut 300 jobs
Schnitzer Steel Industries Inc. said Tuesday it will cut about 300 jobs as part of a restructuring plan designed to save the company $25 million in annual operating costs. The company also issued earnings guidance for the current quarter well below average Wall Street predictions, blaming lower sale prices for many of its products. Schnitzer … Continue reading
US – 10 Cities Losing the Most Jobs
10. St. George, Utah > Pct. decrease of employed: -5% > Decrease in people employed: -2,799 (34th largest) > June 2009 unemployment rate: 9.9% (145th highest) > June 2012 unemployment rate: 7.6% (148th lowest) 9. Carson City, Nev. > Pct. decrease of employed: -5% > Decrease in people employed: -1,308 (61st largest) > June 2009 … Continue reading
Romney in Tampa – Factory workers prepare to confront over Bain layoffs
Illinois car-part plant employees head to Tampa to protest outsourcing of jobs to China by parent company Bain Capital To the four people sitting in church at a Tampa suburb, coming to the Republican national convention to protest Mitt Romney felt deeply personal, not just political. For all of them are workers at an Illinois … Continue reading
US – 6.1 million workers were displaced from jobs they had held for at least 3 years
From January 2009 through December 2011, 6.1 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics reported today. Highlights from the January 2012 survey: –In January 2012, 56 percent of the 6.1 million long-tenured displaced workers were reemployed, up from 49 percent for the prior survey in January … Continue reading
Unemployment Insurance Claims – Up from bottom-near since April 2008 to 372,000
Three weeks ago, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer is yes. But it could mean more… Not a good sign anyway. SEASONALLY ADJUSTED DATA In the week ending August 18, the advance figure for seasonally adjusted initial claims was 372,000, an … Continue reading
US – Unemployment Rate in August – New Gallup data suggest an increase
New Gallup unemployment data suggest an increase in the government’s seasonally adjusted unemployment rate for August when it is reported on Friday, Sept. 7. During recent months, Gallup’s measurements have been more optimistic than those of the BLS. Barring a sharp reversal in this relationship, the government’s unadjusted unemployment rate might be expected to stay the same or … Continue reading
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