Job Market Monitor
United States
American Manufacturing Decline | Worse Than the Great Depression
“The conventional wisdom that U.S. manufacturing job loss is simply a result of productivity-driven restructuring (akin to how U.S. agriculture lost jobs but is still healthy) is fundamentally flawed” writes Robert D. Atkinson, Luke A. Stewart, Scott M. Andes and Stephen J. Ezel in What the Experts Are Missing About American Manufacturing Decline . Source: http://www2.itif.org/2012-american-manufacturing-decline.pdf . Excerpts by JMM … Continue reading
U.S. | Unemployment Extension | Summary of the changes
Federal extended unemployment benefits are in effect for 2012, however federal extended benefits for long-term unemployed workers will be gradually reduced to 73 weeks in the states with the highest rates of unemployment and 63 weeks elsewhere. Alison Doyle presents a summary of the changes @: via Unemployment Extension.
U.S. | The top 1 percent got 93% of income growth
93 percent of income growth went to the wealthiest 1 percent of American households, while everyone else divvied up the 7 percent that was left over according to Emmanuel Saez. Main Findings Source: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2010.pdf “Figure 1 presents the income share of the top decile from 1917 to 2010 in the United States. In 2010, the top … Continue reading
Best Buy | Large Stores Closing and Layoffs to Come
Best Buy Co.reported weaker-than-expected quarterly sales and said it would close 50 large U.S. stores and lay off another 400 employees, disappointing investors looking for even deeper cuts to turn around the world’s largest consumer electronics chain… Read More @ Best Buy to close stores, cut jobs on 4Q weakness – South Florida Sun-Sentinel.com.
News | Jobless Claims Reach New Four-Year Low
“New claims for unemployment benefits fell to a new four-year low in the United States last week, according to a government report. A separate report confirmed the American economy expanded at an annual rate of 3 percent late last year” reports the NYT. ______________________________________________________ Unemployment Insurance Weekly Claims Report (Excerpts from the Press Release) SEASONALLY ADJUSTED … Continue reading
U.S. | Only 56 percent of college students complete four-year degrees within six years
“The American system for preparing young people to lead productive and prosperous lives as adults is clearly badly broken” according to the Pathways to Prosperity study by the in 20 Harvard Graduate School of Education. Only 56 percent of college students complete four-year degrees within six years. Only 29 percent of those who start two-year degrees finish them within three … Continue reading
U.S. | Job Market Improving | Quits increase and the number of unemployed per job opening falls
“Quits tend to rise when there is a perception that jobs are available and tend to fall when there is a perception that jobs are scarce” writes BLS. The good news, they are rising. Moreover, the number of unemployed persons per job opening is decreasing. The number of quits has exceeded the number of layoffs and discharges … Continue reading
Market Economy | The labor market has been creating much more inequality over the last thirty years
“The labor market has been creating much more inequality over the last thirty years, with the very top earners capturing a large fraction of macroeconomic productivity gains. A number of factors may help explain this increase in inequality, not only underlying technological changes but also the retreat of institutions developed during the New Deal and World War II – … Continue reading
Hasbro | 170 jobs lost, mostly in U.S. and Canada
Reuters – Hasbro Inc (HAS.O) is cutting about 170 jobs as the second-largest U.S. toy company tries to recover from sluggish sales during the holiday season. Most of the jobs are in the United States and Canada, company spokesman Wayne Charness said, including “about 55” in Rhode Island where it is based. “These moves were … Continue reading
American Cities | Mapping Inequalities
The Atlantic Cities: Inequality is shaping up to be one of the biggest issues in the 2012 presidential election. The Occupy movement may have waned since last fall, but its focus on the privileges of the top one percent has yet to go away. Most economists argue that rising inequality is driven by broader structural … Continue reading
Krugman | Economics is in Crisis
Paul Krugman: To say the obvious: we’re now in the fourth year of a truly nightmarish economic crisis. I like to think that I was more prepared than most for the possibility that such a thing might happen; developments in Asia in the late 1990s badly shook my faith in the widely accepted proposition that … Continue reading
African Americans and Latinos | Unemployment | No relief in 2012
Economic Policy Institute: Even though the U.S. recession officially ended in June 2009, the country’s unemployment rate remains devastatingly high. The situation is particularly dire for many African Americans and Latinos—and is not predicted to improve any time soon. Among the states with sufficient data for reliable estimates, African American unemployment rates exceeded 10 percent in … Continue reading
Job Gap | 600 M Jobs missing in the world | 12 M in U.S. | A factor behind income inequalities
The extensive Job Gap as tremendous impact. According to the 2012 of the ILO report on Global Employment Trends(GET), the world facesa Global Job Gap of 600 million jobs.
Apple says it is supporting 514,000 U.S. Jobs | Reactions
Apple is Supporting 514,000 U.S. Jobs according to Apple itself. You can read the argument @ Apple. “Apple has made its first attempt to quantify how many American jobs can be credited to the sale of its iPads and other products, a group that includes the Apple engineers who design the devices and the drivers who … Continue reading
Layoffs by governments at local level hardly help job recovery and investment in education is falling by the way
Layoffs at the local level, by local administrations, we could say, by local government, are so numerous that we could post them on a separated blog. This hardly helps job recovery. Moreover, investment in education is falling by the way. Krugman thinks it is bad politics and we agree. …If it weren’t for this destructive … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 