Job Market Monitor
United States
Obama must offer bold plan to fix economy in 2nd term says Robert Reich
President Barack Obama’s electoral strategy can best be summed up as: “We’re on the right track, my economic policies are working, we still have a long way to go but stick with me and you’ll be fine.” That’s not good enough. This recovery is too anemic, and the chance of an economic stall far too … Continue reading
UPDATE – American Airlines layoffs
Facing layoffs and other cuts, unions at American Airlines back merger bid from US Airways US Airways made an end run around its larger rival and secured the support of American’s three labour unions in its bid to force a merger. The unions were angry with American over its plan to cut jobs and squeeze … Continue reading
School layoffs | Losing teachers in Orange County
Ten districts across Orange County have released the names of hundreds of teachers and other employees facing potential layoffs. Last month, districts announced they could cut more than 1,500 school jobs as part of an effort to slash up to $269 million from budgets, prompted by the state’s ongoing budget crisis. An Orange County education … Continue reading
H.B Fuller | 130 jobs cut
The company will close six facilities and cut 90 jobs by mid-2013. In December, H.B. Fuller said it will buy Forbo’s industrial adhesives business for $395 million as it bulks up its presence in Europe. St Paul, Minnesota-based H.B. Fuller will close the former Forbo corporate and research offices in North Carolina resulting in 40 … Continue reading
Reshoring | More Than a Third of Large Manufacturers Are Considering Coming Back to Made in U.S.
More than a third of U.S.-based manufacturing executives at companies with sales greater than $1 billion are planning to bring back production to the United States from China or are considering it, according to a new survey by The Boston Consulting Group (BCG). Decision makers at 106 companies across a broad range of industries responded … Continue reading
UPDATE – Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
Turning the Unemployment Program into a Reemployment Program – Official Press Release by DOL Two months ago, the President signed the Middle Class Tax Relief and Job Creation Act of 2012. That legislation extended the vital payroll tax cut and federal unemployment insurance programs that have been so crucial for American families and to the continued … Continue reading
Unemployment Insurance Weekly Claims Report : Disappointingly Stable
SEASONALLY ADJUSTED DATA In the week ending April 14, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 2,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 374,750, an increase of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
U. S. Multinational Companies | Employment abroad increased 1.5 percent, to 11.0 million workers.
Worldwide employment by U.S. multinational companies (MNCs) increased 0.5 percent in 2010, to 34.0 million workers, with increases in both the United States and abroad. Employment in the United States by U.S. parent companies increased 0.1 percent, to 23.0 million workers, which contrasted with a 0.6 percent decrease in total private-industry employment in the United … Continue reading
Intellectual Property-Intensive Industries Account for 40 Million Jobs to US Economy
The U.S. Commerce Department has released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP). “This first of its kind report shows … Continue reading
U.S. Unemployment | Gallup Provides A Mixed Picture
U.S. unemployment, as measured by Gallup on a preliminary basis without seasonal adjustment, declined to 8.2% in mid-April from 8.4% in March. However, the government’s likely seasonal adjustment of 0.3 percentage points leads to a Gallup seasonally adjusted U.S. unemployment rate of 8.5% in mid-April, up from 8.1% last month. Working Part Time but Wanting … Continue reading
U.S. Entrepreneurship | Immigrants were more than twice as likely to start businesses each month in 2011
The Kauffman Index of Entrepreneurial Activity is a leading indicator of new business creation in the United States and is presented a very comprehensive report. (Adapted Report excerpts by Job Market Monitor following) The Kauffman Index reveals important shifts in the national level of entrepreneurial activity and shifts in the demographic and geographic composition of new entrepreneurs across … Continue reading
Georgia | Some of highest income taxes on the working poor
Tuesday is the last day to file state and federal income tax returns. The deadline comes near the release of a report by the Washington-based Center on Budget and Policy Priorities, which says Georgia levies some of the nation’s highest income taxes on the working poor. The report says Georgia is one of only 15 … Continue reading
April 17 – Equal Pay Day | Top 10 Facts
While the wage gap has certainly narrowed with the past generation of working women—in 1967 women only earned about 58 cents to a man’s dollar—progress has stalled in recent years. If progress continues at its current rate, it will take 45 years to eradicate the wage gap. Given the unfortunate fact that the gender wage … Continue reading
Inequality in America and the Incomes of the Super Rich – Brookings Institution
Question: where would the richest household in the bottom 98 percent-the one at the “98th percentile”-end up? With $350,000, it only would be on the 93rd floor-three-fifths of the way up the building, and 67 floors below the household at the 99th percentile. The household at the 90th percentile would only be on the 35th … Continue reading
Discouraged jobless mothers | More mothers stay at home
The layoff notice was not a complete surprise. At the shipping centre in Denver where Jeanine Maez filled mail orders, the trend had been toward paperless transactions. But how Maez reacted to being unemployed in 2004 was a revelation, even to herself: She decided not to look for a new job in favour of staying … Continue reading
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