Job Market Monitor
United States
Recession-Proof Industries | Only 2 Industries Have Recovered All The Jobs Lost
Only 2 Industries Have Recovered All The Jobs Lost In The Recession – Business Insider Business Insider looks at the jobs recovery by various industries. The table below shows that the Leisure & Hospitality and Mining industry have recovered all the jobs lost during the Great Recession. The recovery has produced 1.25 million Professional Service jobs, … Continue reading
Wage Growth in the U.S. Will Feel Effects of Great Recession for Years to Come | The Conference Board
The Great Recession has confronted U.S. workers with an extended buyer’s market in jobs, according to a new Executive Action Report from The Conference Board, leading to overall wage growth between 2008 and 2010 that was the weakest since the 1960s. Feeling the Pain: Wage Growth in the United States examines prevailing trends in recent … Continue reading
Reverse Offshoring | Indian firms creates jobs in US
Indian companies operating in 40 American states have invested over USD 820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum (IBF) survey. The survey “Indian Roots, American Soil: Adding Value to US Economy and Society”, released by the Confederation of Indian Industry (CII) at a … Continue reading
North Carolina Extended Employment Benefits To End In May
Based on notification from the U.S. Department of Labor, North Carolina is no longer eligible for the Extended Benefits program. The last payable week of the Extended Benefits program will be the week ending May 12, 2012. Workers who file their claim through the Extended Benefits program will no longer be eligible to receive extended … Continue reading
TransHub Ontario aims to add 5,000 jobs by 2015
A regional transportation advocacy group should target large manufacturers, trucking companies and warehouses in the GTA to sell them on moving west to get out of gridlock. That’s one of the recommendations of a new report laying out the action plan for the next three years of TransHub Ontario. The year-old group aims to capitalize … Continue reading
Early retirements save jobs at Crozer-Keystone Health System
With 196 employees accepting the early retirement offer, officials at the Crozer-Keystone Health System whittled the number of employees targeted for layoff from 325 to 30. “We were very, very lucky,” Crozer-Keystone Vice President of Marketing Kathy Scullin said. “Because so many people took it, we were able to greatly reduce the number of people … Continue reading
Top Republicans Say America ‘May Never Recover’ from President Obama
America’s top two Republican leaders fired blistering broadsides Tuesday at President Barack Obama, saying that the president had made the economy and the future worse and that the United States “may never recover.” House Speaker John Boehner (R-Ohio) laid down the starkest warning, telling Fox News, “America can’t live for four more years with Barack … Continue reading
LinkedIn | India just behind the United States
Social networking site LinkedIn’s Indian user base has grown 300% in the three years it has had a marketing presence in India. The firm, today, has about 14 million users from India, which has quickly become its second-largest market globally, bigger than China and only behind the United States, according to Jeff Weiner, LinkedIn’s chief … Continue reading
China Reshoring manufacturing to the U.S.
Chinese conglomerates, on a mission to expand their global footprint and avoid “anti-dumping” tariffs, are shifting more of their production to America. In the United States, cash-strapped states desperate for revenue and jobs, are rolling out the welcome mat for foreign companies that can guarantee both. More Chinese manufacturers have been launching their own U.S. … Continue reading
GE | 300 New Jobs in Michigan
GE announced today that it will add 300 new jobs in the state of Michigan at its Advanced Manufacturing and Software Technology Center (AMSTC) in Van Buren Township. These high value information technology (IT) and research jobs bring the total commitment to 1,400 at the center and 1,600 across the state. GE also announced today … Continue reading
Global skills gap leaves 10 million manufacturing positions unfilled says World Economic Forum in collaboration with Deloitte Touche Tohmatsu
The report,The Future of Manufacturing: Opportunities to Drive Economic Growth, by the World Economic Forum in collaboration with Deloitte Touche Tohmatsu Limited estimates that 10 million manufacturing jobs worldwide cannot currently be filled due to a growing skills gap. This shortage is pervasive despite the high unemployment rate in many developed economies where companies are struggling to … Continue reading
It’s the economy, not the taxe code, which generates inequalities
The economic framework that has recently defined our politics should be replaced by a new narrative writes William A. Galston, one that runs as follows: In recent decades, changes in the structure of our economy and politics have created a dramatic increase in income inequality; while changes in our tax code did not contribute materially … Continue reading
68% Know a Laid-Off Worker finds Gallup
Sixty-eight percent of Americans say they know someone personally who has been laid off or lost their job in the last six months — the highest in Gallup’s history of asking this question. Source: via Most in U.S. Know a Laid-Off Worker, but Don’t Fear Job Loss.
Expected time in retirement at age 65 is more than 40 percent longer than in 1940
Raising the ages at which people can collect Medicare and Social Security would reduce federal spending and increase federal revenues by inducing some people to work longer. However, raising the eligibility ages for those programs also would reduce people’s lifetime Social Security benefits and cause many of the people who would otherwise have enrolled in … Continue reading
Unemployment Rate | Decline in 30 states
This graph shows the current unemploymentrate for each state (red), and the max during the recession (blue). Every state has some blue – indicating no state is currently at the maximum during the recession. The states are ranked by the highest current unemployment rate. Only three states still have double digit unemployment rates: Nevada, Rhode … Continue reading
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