United States

Skrinking Labor Force Participation | Unemployment rate would be 11.1% or even 13.1%

If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1 percent. Source: Read More @  The incredible shrinking labor force – The Washington Post.

100 Million Working Age Americans Not Working

The unemployment crisis in America is much worse than you are being told.  Did you know that there are 100 million working age Americans that do not get up in the morning and go to work?  No wonder why it seems like there are so many people that do not have jobs!  According to the … Continue reading →

Long-Term Unemployment is not a short term problem

“While I do not see much evidence of any significant increase in structural unemployment so far, I am concerned that structural unemployment could increase over time if the labor market heals too slowly–a phenomenon known as hysteresis” said Bernanke at the Money Marketeers of New York University, New York, New York, on April 11, 2012.

The 86 million uncounted unemployed – May. 3, 2012

There are far more jobless people in the United States than you might think. While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth. As a result, the labor … Continue reading →

Gallup | U.S. Unemployment Rate Up in April

U.S. unemployment, as measured by Gallup without seasonal adjustment, showed a modest decline to 8.3% in April from 8.4% in March. However, applying the government’s historical April adjustment to Gallup’s unadjusted number yields a seasonally adjusted April estimate of 8.6%, up from 8.1% in March… Read More @ Gallup Seasonally Adjusted U.S. Unemployment Rate Up in … Continue reading →

From factories to cubicles – 60 years of labor market changes in a chart

American Laid Off Workers | Three-in-Five Found New Jobs

“Fifty-nine percent of workers who were laid off from full-time jobs in the last year reported they found new positions, up from 55 percent last year.” according to CareerBuilder Survey. Majority of Workers Finding Jobs in New Fields 60 percent of workers in the 2011 survey took jobs in different fields vs 48 percent last … Continue reading →

UPDATE – A jobs-centered approach to African American community development

The crisis of African American unemployment requires federal intervention writes Economic Policy Institute. Even when the national economy is good, however, conditions for African Americans are typically bad. Federal intervention to aid African American community development is necessary for the following reasons: African Americans still reside mainly in separate and unequal communities. In 2010, in the … Continue reading →

The personnal unemployment cycle

Unemployment gets worse before getting better, then it gets worse again, finds U of M study Being unemployed is roughest early on and then again after you’ve been out of a work for months, the study finds. A new study co-authored by Connie Wanberg, associate dean at the University of Minnesota’s Carlson School of Management, … Continue reading →

The retirement tsunami at Washington

Figures released earlier this month by the Office of Personnel Management seem to suggest that the giant wave of baby boomers leaving federal service may be starting to build. For the first three months of 2012, OPM saw a steady increase in the number of new claims for the Civil Service Retirement System (CSRS) and … Continue reading →

The Big Waste according to Krugman

In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is “only” 16.5 percent, which is still terrible – but things could be worse. And sure enough, many politicians are doing all they can to guarantee … Continue reading →

Is american manufacturing in crisis?

As pointed out by Calculated Risk,  industrial production is still 4.1% below the pre-recession peak. And, from the job market perspective, things are worse. Manufacturing’s decline in jobs is part of a complicated picture Is manufacturing in crisis? That’s a question on the minds of many policy makers. Even President Barack Obama talked about it in … Continue reading →

A Juxtaposition of news to see where are the new jobs

Where are the jobs? That’s where the juxtaposition comes in. The real job creation numbers — the staggering numbers — remain outside the United States. • Amazon.com is creating 3,300 jobs in Hyderabad, India. • Ford Motor Co. is creating 5,000 jobs in Sanand, India. • Infosys Technologies is creating 4,000 jobs in China. • … Continue reading →

Unemployment in the U.S. | What Can Policy Do?

The U.S. labor market has been reeling since the onset of the Great Recession in December 2007. Public concern has largely focused on the unemployment rate, which rose to double digits and has stalled at more than 8 percent. This rate is unacceptably high, and macroeconomic policy efforts have been unsuccessful in bringing it down write Robert … Continue reading →

U.S. Multinationals Creates Jobs Mostly Abroad writes WSJ.com

Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis. Those companies, which include Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., boosted their employment at … Continue reading →