Job Market Monitor
United States
US – Unemployment rate rises in 44 states
Close to 90 percent of states saw their unemployment rates rise in July, a potentially worrisome development for President Obama’s reelection campaign. The Labor Department reported Friday that 44 states in all saw their jobless rate go up, with four states seeing no change at all. Only Idaho and Rhode Island — along with Washington, … Continue reading
US – Teacher Layoffs – A White House Report
The White House has released a new report that finds that the loss of teachers and other education staff is forcing communities into difficult choices that harm our children’s education and future, including increasing class sizes and shortening school years and days. The report shows that more than 300,000 local education jobs have been lost … Continue reading
US – The increase in postsecondary enrollment was especially high
“The rising cost of college education and high unemployment levels among recent college graduates are raising the question “Is college worth its cost?” in the minds of many Americans. A recent study published by the Associated Press found that one out of every two recent college graduates is jobless or underemployed, suggesting maybe college isn’t worth the money. Yet, job losses in the … Continue reading
Europe – The downturn has been under way for years
The euro zone is hurtling back into recession, economists declared after official figures this week portrayed a shrinking economy. But by some measures the downturn has been under way for years. With the exception of Germany, none of Europe’s biggest economies have returned to the level of economic output they had at the beginning of … Continue reading
Outsourcing in India – US plans to stop it
The Obama Administration has announced setting up of an institute for manufacturing innovations which will help prevent jobs going to India and China. “This institute will help make sure that manufacturing jobs of tomorrow take root not in places like China or India, but right here in the United States of America,” US President Barack … Continue reading
India – Infosys pays less than in US for the same job
The trial in the alleged visa fraud case against software services major Infosys in the US has been postponed by almost a month to September 17. The trial related to visa fraud allegations levelled by Infosys’ former employee Jack Palmer was scheduled to start on August 20 in the US court. According to sources, it … Continue reading
New Jersey – Unemployment Rate at 35-Year High (9.8%)
New Jersey’s unemployment rate jumped to a 35-year high of 9.8 percent in July, the state Labor Department said. The rate climbed from 9.6 percent in June and is above the national level of 8.3 percent, which also increased last month. New Jersey lost 12,000 jobs in July, with the largest drops in manufacturing, construction, … Continue reading
Chart – International comparaison of employment-population ratios by sex
In 2011, among countries covered by the BLS international comparisons program, Mexico had the highest employment-population ratio among men (72.4 percent), and Canada and New Zealand had the highest employment-population ratios among women (58.5 and 58.3 percent, respectively). via International employment-population ratios, 2011.
U.S. Currency – The paper company used to make the paper since 1879 plans layoffs
The western Massachusetts company that has provided the paper used to make U.S. currency since 1879 has announced plans to lay off 55 workers. Dalton-based Crane & Co. says the job eliminations announced Wednesday are part of a consolidation plan to rejuvenate the 211-year-old paper company’s stationery business. The Berkshire Eagle reports that layoffs will … Continue reading
Unemployment Insurance Claims – Up by only 2,000
SEASONALLY ADJUSTED DATA In the week ending August 11, the advance figure for seasonally adjusted initial claims was 366,000, an increase of 2,000 from the previous week’s revised figure of 364,000. The 4-week moving average was 363,750, a decrease of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
IP – Layoffs at box plant as one shift closing down
Approximately six months after International Paper took over the Bogalusa paper mill and box plant from Temple-Inland and three months after company officials joined Gov. Bobby Jindal in announcing a $44 million investment at the facility, IP confirmed that it laid off “less than 20” of its box plant employees. IP Spokesman Scott M. Sauer … Continue reading
US – Work-Sharing to Stop Layoffs with $100 Million to States
The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck. The “work-sharing” program was passed as part of … Continue reading
US – Government employment Job Cuts – 1.7 million more jobs
Recent trends in the national labor market demonstrate the harm inflicted on the economy by cutting government spending and laying off government employees in the middle of an already challenging economic recovery. Just as with private sector layoffs, government layoffs increase the number of people out of work. And given that there are already nearly … Continue reading
Legal Services Corp – Layoffs of 8 percent of agencies’ lawyers
The nation’s providers of civil legal assistance predict that funding cuts will leave them no choice this year but to lay off about 8 percent of lawyers and support staff, close branch offices and narrow the types of services they provide, Legal Services Corp. announced on August 15… via More legal aid lawyers on the … Continue reading
Wall Street – More Layoffs to Come
Big banks are unlikely to be broken up — but they will keep getting smaller by getting rid of a large numbers of workers. Wall Street financial firms cut more than 75,000 people in 2011, and their employees are bracing for another round of layoffs. Analysts estimate that Wall Street banks will have roughly 10 … Continue reading
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