Job Market Monitor
United States
Unemployment – Hard on Confidence And Psychology
Of the 12.5 million unemployed people in the United States, over 5 million have not been able to land a job for 27 weeks or longer, putting them in the ranks of the long-term unemployed. Worse still chances of them getting a job anytime soon are also fast fading. Not only are the long-term unemployed … Continue reading
German-Style Apprenticeships – Would it Work in the U.S.?
In a world of high youth unemployment, where the supply of skilled labor often fails to match employer demand, Germany believes help can be found in its Dual Vocational Training System (TVET)—a time-tested economic model now incorporated into the Federal Republic’s law. This program, many supporters believe, is the reason why Germany has the lowest jobless rate among … Continue reading
US Unemployment System – A Bad Employment Policy
…Between 2008 and 2011, $174 billion in unemployment taxes was collected while $450 billion was paid out in benefits, a gap of $276 billion. Thirty-four states blew through their unemployment insurance trust funds and borrowed from Washington — and 22 of those still owe the feds a total of more than $30 billion, according to … Continue reading
The Skills Gap Fallacy
We can have a philosophical debate about which came first — the chicken or the egg. But when it comes to job creation there should be no such argument. Organizations and individuals who create new organizations are the chicken — they are the job creators. Employees and skilled workers are the eggs — they are … Continue reading
Skills Gap Means Longer Hours Hint for Some Jobs
Even in a time of 8% unemployment, some jobs go begging. Surveys reveal a significant share of companies report difficulties filling certain jobs. What’s a company to do when it can’t find workers with needed skills? Work its current employees for longer hours. That’s the conclusion by economists at the Conference Board. The trend suggests … Continue reading
Private sector job recovery stronger than that of early 2000 and at par with that of early 90s
The U.S. economy is working its way back from the Great Recession. One indication has been that unemployment insurance claims have steadily fallen since September and they are now at the same level as in March of 2008. Additionally, layoffs are at the same level as in 2006. We also recently learned that the ratio … Continue reading
Lost jobs aren’t coming back and new skills are needed
Do we expect the jobs that resulted from the housing boom to once again come to the rescue of low-wage Americans? The run-up in home prices that triggered the jump in construction and local spending was relatively short-lived, and home prices have returned to the levels where one might expect them to be, based on … Continue reading
High Long-Term Unemployment not only bad for the economy, it’s bad for our bodies and souls as well
Our persistently high unemployment rate is not only bad for the economy, it’s bad for our bodies and souls as well. Unemployment wears down the unemployed both mentally and physically. But high unemployment also hurts those with jobs, as some workers worry endlessly (and not without justification) that they too could be let go at … Continue reading
Unemployment – What Bernanke said at Congress
…Given that growth is projected to be not much above the rate needed to absorb new entrants to the labor force, the reduction in the unemployment rate seems likely to be frustratingly slow. Indeed, the central tendency of participants’ forecasts now has the unemployment rate at 7 percent or higher at the end of 2014… … Continue reading
President Obama – More Americans have been put on disability than jobs were created
A conservative attorney points out that more Americans have been put on disability than jobs were created during President Obama’s tenure. Since June 2009, the economy has created 2.6 million jobs, while 3.1 million workers signed up for disability benefits. That includes the month of June 2012, when 85,000 workers joined the disability program and … Continue reading
Gallup U.S. Unemployment Rate – Down Slightly in Mid-July
U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.9% in mid-July, down 0.1 percentage points from June and May. Gallup’s seasonally adjusted unemployment rate also declined 0.1 points, to 7.7% in mid-July. via U.S. Unemployment Down Slightly in Mid-July.
Vocational and Technical Education Meet Parent Resistance
Career and technical education has come a long way since the days when students could be steered from academics into hairstyling, auto repairs or carpentry. But that doesn’t mean it’s easy to sell the concept of having all students take courses in CTE, as it is known. Take what happened this March in La Jolla, … Continue reading
How do 37,000 Layoffs look like in the Wind Industry
This graphic, put together by the wind industry, illustrates how an expiration of the production tax credit may impact employment in the U.S. Notice the spike in activity before the drop-off. That’s due to the rush of development we’re seeing currently in the lead up to the lapse of the credit… via This Is … Continue reading
US – 83% Negatively View Corporations that Outsource to China
U.S. voters across the political spectrum overwhelming have negative views of companies that outsource jobs to China and strongly support Buy America provisions, according to a poll released today by the Alliance for American Manufacturing. Voters also say strengthening manufacturing in the United States is a top economic priority and they back the creation of … Continue reading
US – 2M Jobs Lost If Automatic Cuts Kick In
Republicans and Democrats seized on a new report estimating that automatic budget cuts will cost the economy 2 million jobs to level election-year charges that underscored the deep political divide over how to avert the looming crisis. Roughly five months until the across-the-board reductions kick in, the Aerospace Industries Association unveiled a new report Tuesday … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 