Job Market Monitor
United States
Unemployment and Older Workers Drive Competition in Labor Market
About 74 percent of Americans say they plan to work past age 65, according to a May study by economists Jay Bryson and Sarah Watt of Wells Fargo Securities LLC in Charlotte, North Carolina. Thirty-nine percent said they need to earn to make ends meet or maintain their lifestyle, and 35 percent wanted to stay … Continue reading
US – Stop the vocational education failure
Many American adolescents don’t want to go to college. They reject as boring and aggravating the Advanced Placement, International Baccalaureate and other college-level courses offered to them in high school. Yet, they need reading, writing, math and time-management skills for good jobs or trade school slots when they graduate. How can they be persuaded to … Continue reading
OECD – United States: income support would provide much greater value to the unemployed if they were offered in tandem with a more active set of re-employment services
‘Although job creation has improved and the unemployment rate has come down from a high of 10.0% in October 2009, the effects of the recession on the labour market remain‘ writes, unsurprirsingly the OECD in Economic Survey of the United States 2012. (Adapted excerpts by JMM)
The United States College Completion Imperative: How do you think a nation will get by in the 21st century ?
The United States used to lead the world in educational attainment. We now rank 16th. Our low college graduation rates are not keeping pace globally or meet workforce demands over the next decade-plus, and are creating serious economic problems today.
Reagan Added Public Sector Jobs During a Recession
This is a huge reason for the stubborn unemployment! President Obama doesn’t have the benefit of adding public workers to the payroll, like Reagan did. Lets start right at the top, the Federal level. Under Reagan, federal government employment increased by 100,000 from the middle of the 1982 recession until the 1984. via GOP Reality … Continue reading
United States has its own money, the dollar, while Spain operates on foreign money, the euro, why ?
Why can the U.S. government borrow at some of the lowest interest rates ever, while Spain can only borrow at exorbitant rates that threaten to drive it into bankruptcy? The difference isn’t their debt and deficits. In 2011, U.S. debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, … Continue reading
Long-term unemployed will begin seeing their federal jobless benefits disappear in at least 24 states
Many long-term unemployed will begin seeing their federal jobless benefits disappear starting this week. This round affects the jobless in at least 24 states, while all Americans will be affected in the fall.
Would the key element of Reaganomics (the Laffer Curve) work today? Experts say NO
The Laffer Curve by Wikipedia In economics, the Laffer curve (sometimes referred to as the Laffer-Khaldun curve) is a hypothetical representation of the relationship between government revenue raised by taxation and all possible rates of taxation. It is used to illustrate the concept of taxable income elasticity – that taxable income will change in response to changes in the rate of taxation. The Laffer … Continue reading
Arch Coal Layoffs – 750 workers in Appalachia
One of the world’s largest coal producers said Thursday it would lay off about 750 workers in the Kentucky, Virginia and West Virginia coalfields, the latest setback for an industry struggling to sustain market share as utilities switch to cleaner and cheaper alternatives to generate electricity. The bulk of the cuts by Arch Coal Inc., … Continue reading
In The News | US Labor Market Is In A Full-Blown Depression, Joseph Stiglitz on The Price of Inequality, States with the widest income gap, Certificates pay off, Layoffs, layoffs and a bit of hiring plus Much More
The US Labor Market Is In A Full-Blown Depression zerohedge.com – Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010… … JobMarketMon Joseph Stiglitz on “The Price of Inequality: How Today’s … Continue reading
In The News | George W. Bush’s record, Classes of 2001 vs. 1999, Global Recession, Blacks Unemployment, Layoffs, Grads and More
The Maddow Blog – A stroll down memory lane maddowblog.msnbc.msn.com – After Friday’s discouraging jobs report, there was increasing talk on the right about the benefits of George W. Bush’s record, as if the nation would be better off turning back the clock to 2008. A… JobMarketMon Classes of 2001 vs. 1999: What a Difference Two … Continue reading
In The News | World growth and U.S. employment,India, layoffs at BAE, GM and Hewlett Packard, IT Hiring, Employment Insurance in East Canada, Zambia and More
World growth at risk as U.S. employment stumbles ottawacitizen.com – WASHINGTON/LONDON – The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing fallin… JobMarketMon BAE Systems to axe 600 jobs | Business guardian.co.uk – BAE Systems has announced plans to close an historic factory … Continue reading
In The News | U.S. Unemployment Rises to 8.2% in May, Global Talent Pool in 2020, Layoffs at GM, Mazda, Bombardier Recreational, United Airlines and Windstream and Much More
Unemployment rises to 8.2% in May as job growth stalls again – latimes.com WASHINGTON — The nation’s unemployment rate rose for the first time in nearly a year, to 8.2% in May, as the economy added a disappointingly small number of jobs for the third straight month. The government said Friday that employers created on … Continue reading
In The News | Labor Market Mismatch and, Job Cuts Surge 67% in U.S., Teachers Layoffs Continue, Olympus Cuts 2,500 jobs, Benefits Cuts For Seasonal Workers in Canada and NJ and More
Unemployment is a labor market mismatch – Economics – AEI aei.org – After an unexpected upswing at the beginning of this year, the labor market appears to be back in the doldrums again. The month-on-month employment increases of 200,000-240,000 workers in December,… JobMarketMon US May Job Cuts Surge 67% From A Year Ago -Challenger – WSJ.com … Continue reading
In The News | SMEs in Gulf economy, Africa, Skills Gap, Layoffs, Flat U.S. Wages, Sunday papers axed, Improving EI and More
SME role in Gulf economy, jobs growth ‘woefully low’ gulf-times.com – Small and medium enterprises’ (SMEs) contribution to the overall Gulf economy and employment sector is woefully low and need a big push for the region to enhance its economic diversification, the … JobMarketMon Flat U.S. Wages Help Fuel Rebound in Manufacturing – WSJ.com online.wsj.com – Joey … Continue reading
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