Job Market Monitor
United States
U.S. – June industrial output rises
U.S. industrial output expanded in June on a rebound in manufacturing, a reassuring sign for an economy that has looked wobbly in recent months. Industrial production grew 0.4 percent last month, the Federal Reserve said on Tuesday. That was in line with analysts’ expectations in a Reuters poll of a 0.3 percent gain. Factory output … Continue reading
Jobs Gap – Fair Trade: The missing element in all the existing plans
If the U.S. is to cut unemployment to about 4.5 percent, which most economists consider to be full employment, the nation must ultimately create more than 16 million new jobs across the entire economy. That is in addition to finding jobs for the 12 million net new entrants into the work force, which the Labor … Continue reading
Job Club – Because You Only Need One Job
Between networking, researching companies and spending hours searching and applying for jobs online, joblessness is a full-time job. And in that sense, those at the Lisle Township Job Club are fully employed. Its weekly networking meetings, held in the Community Career Center in Naperville, offer a window into the stubborn scourge of unemployment. I’ve come … Continue reading
U.S. Job Recovery – Faster for Men than Women
Even as women have moved up the economic ladder and outpaced men in earnings growth over the last decade, they are lagging behind in a crucial area — getting new jobs. Since the recession ended in June 2009, men have landed 80% of the 2.6 million net jobs created, including 61% in the last year. … Continue reading
Depression-era seniors experience – How will the attitudes of today’s young adults be affected
For the fifth consecutive year, newly minted college graduates face a weak labor market and a painfully slow recovery. Many young adults who have found work are languishing in low-paying, no-benefit jobs that don’t require degrees. Some still live with their parents and are saddled with debt, delaying full-fledged adulthood indefinitely. The Depression’s impact on … Continue reading
Millennials – Athens the best metropolitan areas for 18 to 29 year olds ? Yes, Athens, Georgia
A weak job market, along with the high cost of higher education, have made it difficult for the average college graduate in America. Approximately 53 percent of college graduates under the age of 25 are either jobless or primarily working jobs that don’t require a college degree, according to an April study by Drexel University. … Continue reading
Obama Jobs Council – A Lot of Outsourcers
During the past two weeks, President Barack Obama’s campaign has blasted Republican challenger Mitt Romney as an “outsourcer,” focusing on his career with private equity firm Bain Capital. The Romney campaign hit back on Tuesday, claiming Obama’s stimulus package failed to protect American workers and helped create jobs overseas. If Romney really wanted a juicy … Continue reading
U.S. Army and the Skills Gap – Industry certifications to validate existing military personnel skills
Over the next five years, there will be up to a million military personnel returning to civilian life and getting into the U.S. civilian workforce. Juxtapose this with the 600,000 jobs currently open in advanced manufacturing and the anticipated need for 10 million skilled workers by 2020, and the Society of Manufacturing Engineers (SME) sees … Continue reading
Big Business – Primary driver of job creation ?
Cue the world’s smallest violin (again, I guess) for the country’s “job creators.” So BR emails me the other day that links here with the message “Have a field day with this crap” (not unlike many emails I get). So, off to the link I go to read the story. What I assume incensed the … Continue reading
Youth Unemployment – Young Invincibles Calls for Action
Fresh off a win to keep student-loan interest rates down, a youth-advocacy group would like to channel that energy into improving the job market. Young Invincibles released a sobering employment report Tuesday showing 16.5 percent of Americans ages 16 to 24 are without work. Unemployment is 30.2 percent for young African-Americans and 20.5 percent for … Continue reading
Road Map to More Jobs
How different would conditions be today economically and politically if unemployment were 7 percent instead of its current 8.2 percent? For one thing, some two million unemployed workers would have jobs, and the rate of economic growth would be comfortably above 2 percent, instead of below that pace. This scenario could have been possible if … Continue reading
Unemployment drives Americans North
Richard Madan looks into the reason why more Americans are moving to Canada. Hint: It’s not our social programs or health care. Watch video via Recession, unemployment drive Americans north | CTVNews.
Bank of America – A New Round of Layoffs
Bank of America Corp (BAC: 7.64, +0.16, +2.12%) has been cutting jobs in its commercial banking unit in recent weeks even as it tries to boost the group’s business, people familiar with the situation said, reflecting the bank’s broader struggles to grow in a tepid economy. The job cuts are the latest round in the … Continue reading
Demographic Alert: Older Workers Will Soon Exceed Younger Workers in Numbers in US
For the very first time in history, the number of workers over age 55 will surpass the number of workers ages 25 to 34. Since 1990, the number of older workers has been increasing steadily, while the number of younger workers in that specific age cohort has been steadily declining. It’s just a matter of … Continue reading
The American Dream – Economic Mobility Across Generations – There is stickiness at the ends of the wealth ladder
Pursuing the American Dream uses the most current available data to measure mobility by family income and wealth, and personal earnings to reveal how closely tied a person’s place on the economic ladder is to that of his or her parents’. Some of the highlights of the research include: Eighty-four percent of Americans have higher … Continue reading
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