Job Market Monitor
United States
White People | What’s the matter with them ?
One of the burdens of blackness, W.E.B. DuBois famously wrote, was facing down an omnipresent question from the wider society: “How does it feel to be a problem?” I’ve been wondering lately if white people might soon understand what he meant. Both the right and left suddenly have a lot of complaints about white people, … Continue reading
Apple | Supporting 514,000 U.S. Jobs
Many people are concerned about the labor that supports the creation of Apple products overseas, for instance at the enormous Foxconn facility in China. But look over here, Apple said today. Among manufacturing, transportation, app development and Apple’s own workforce, Apple estimated it supports 514,000 jobs in the United States. Nobody at Apple is running … Continue reading
US Manufacturers | Hiring Practices | Killing Them
The United States is at a dangerous juncture: Manufacturing jobs are on the rise, but the growth is still fragile. Given the hypercompetitive nature of global manufacturing, it wouldn’t take much to kill this momentum and put the U.S. back to where it was a couple of years ago. That’s why it’s critical for American … Continue reading
U.S. | Disabled | Federal contractors | Target on the Drawing Table
Employers and business groups are trying to stop an Obama administration effort that calls for federal contractors to hire a minimum number of disabled workers and could penalize those who don’t by revoking their contracts. The proposal could reshape hiring at roughly 200,000 companies that generate $700 billion a year in contracts with the federal … Continue reading
Toyota hiring to build transmissions
Toyota plans to invest $45 million in its plant at Buffalo and add up to 80 employees to increase production of automatic transmissions, said Mike Lutz, general manager of Toyota Motor Manufacturing West Virginia. “We are increasing our capacity again in two phases,” Lutz said. “We’ll increase in November 5,000 additional six speed automatic transmissions … Continue reading
Avon | Planning Layoffs
Avon Products Inc. (AVP) is planning some layoffs and other cost savings to stabilize results in the near term, but investors will have to wait until a new chief executive is named before hearing how the latest round of restructuring will set up the direct-selling beauty company for the long haul. via Avon Swings To … Continue reading
Germany | The roots of the German miracle – apprenticeship – is not the only factor
In a provocative paper, Hermann Gartner[i] and Christian Merkl[ii] attribute the so-called German miracle to its “wage moderation” that was the result of labour-market policies in the years preceding the global crisis – a point that is often ignored in the public debate. It could well be that apprenticeship is not the only factor. “While the US … Continue reading
Strong Canadian dollar has pushed goods sector wages making Canada a non-costeffective location says a CIBC Report
“Remember 62 cents? Canada’s currency posted its all-time weakest monthly close against its American cousin exactly a decade ago, making a dramatic U-turn thereafter. Despite leveling off in recent years, the US¢/C$ exchange rate remains 60% stronger than it was a decade ago and is also more than 20% firmer than a trade-weighted basket of other major currencies” write Avery Shenfeld and … Continue reading
Job Gap | Spain | Cost of hiring has risen 24% in recent years
Spain’s high unemployment rate of around 23% means many Spaniards, young people in particular, are leaving the country to find work elsewhere. One popular destination is Germany, where the jobless rate is under 7%. But starting afresh in a new country is challenging. Munich’s airport shuttle bus is dropping off newly arrived passengers in the … Continue reading
Unemployment Claims | Remain at 4-Year Low
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending February 25, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 2,000 from the previous week’s revised figure of 353,000. The 4-week moving average was 354,000, a decrease of 5,500 from the previous week’s revised average of 359,500. The advance seasonally … Continue reading
Youth Tough labor market | Economic Policy Institute
As we approach graduation season, it’s important to note the uphill battle young job seekers continue to face in today’s labor market. The unemployment rate for workers under the age of 25 has improved to 16.0 percent since its peak of 19.6 percent in the spring of 2010, but, excluding the Great Recession and its … Continue reading
Job Gap | Skill Gap | Matching the Jobless With 3.4 Million Jobs – NYTimes.com
EVER since the deep recession hit four years ago, many colleges have been rethinking their continuing education programs, straining to figure out how best to help the many unemployed Americans who have looked to them as a lifeline. With the unemployment rate still stubbornly high, this rethinking has led to a powerful trend in which … Continue reading
PepsiCo layoffs will hit Westchester harder; 145 jobs will be cut | LoHud.com
Westchester County will bear more than its share of PepsiCo’s latest cost-savings measures. While the Purchase-based global food and beverage giant trims 2 percent of its employees around the nation, the local workforce — about 3,000 people in the county — will be cut by almost 5 percent, a company spokesman said. PepsiCo expects to … Continue reading
Factory, income data support growth outlook | Reuters
The economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy. Gross domestic product expanded at a 3 percent annual rate, the quickest pace since the second quarter of 2010, the Commerce … Continue reading
Where To Find a Blue-Collar or a Service Job in 2020 – Richard Florida – The Atlantic Cities
The United States is on track to generate 20 million jobs between 2010-2020, according to the latest projections from the Bureau of Labor Statistics. But job creation will vary widely by type of job and also by metro region. The nation is projected to generate 7 million new high-wage, high-skill jobs for professional, technical, and … Continue reading
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