Job Market Monitor
United States
The Rising Age Gap in Economic Well-Being | Pew Social & Demographic Trends
Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century, according to a new Pew Research Center analysis of a wide array of government data. In 2009, households headed by adults ages 65 and older possessed 42% more … Continue reading
Gov. Snyder, Mayor Bloomberg: Immigration debate should be about economics, not politics | Detroit Free Press | freep.com
In a presidential election in which both sides are debating economic growth and immigration separately, all parties should emphasize the relationship between them. The fact is the link between legal immigration and job creation couldn’t be stronger. Immigrants, especially those with advanced degrees, play a vital role in helping U.S. companies create jobs, as … Continue reading
Robert Reich (As Santorum and Romney Battle for the Loony Right, the Rest of Us Should Not Gloat)
My father was a Republican for the first 78 years of his life. For the last twenty, he’s been a Democrat (he just celebrated his 98th.) What happened? “They lost me,” he says. They’re losing even more Americans now, as the four remaining GOP candidates seek to out-do one another in their race for the … Continue reading
Why China Will Have an Economic Crisis
The view in most of the world is that China is indestructible. Shrugging off the crises multiplying elsewhere, China seems to surge from strength to strength, its spectacular growth marching on no matter what headwinds may come. It appears inevitable that China will overtake a U.S. mired in debt and division to become the world’s … Continue reading
Indiana’s $2 billion unemployment debt
Our Team continues our investigation into alleged mismanagement of the state’s unemployment system, turning now to who’s in charge of watching over the agency. Current and former employees came forward to I-Team 8, exposing that they were told to use questionable tactics to reduce the workload of an overwhelmed system. Our questions now turn to … Continue reading
Veterans Can Qualify for Unemployment | Military Family Central
Veterans and service members just separating from active duty who can’t find a job could qualify for unemployment compensation. The transition back into civilian life is not easy, that’s why the Unemployment Compensation for Ex-Service members program (UCX) is there to help out on the financial front when those who serve separate from the military and … Continue reading
Hiring for new Target store near Myrtle Beach to start in the coming weeks – Breaking News – TheSunNews.com
The Target store that will open in July off S.C. 544 will employ about 200 workers, with hiring to start a few months before the opening. Target will have job fairs about two months before the store opens, but job-seekers can start applying for the jobs about three months before the store opens online at … Continue reading
IBM Layoffs Exceed 800, Workers Say – Services – Outsourcing – Informationweek
IBM has laid off more than 800 workers at locations across the U.S. in the past 24 hours, according to company sources and documents obtained by InformationWeek. Many of the cuts appear to target the company’s Global Technology Services outsourcing group. Some 183 workers were laid off in the GTS application hosting unit, 179 were … Continue reading
China Hits Turning Point; Jobs Coming Back to the U.S.
As reported in The New American here, the difference in wages between Chinese and American workers is narrowing rapidly. Part of the reason is that China has passed the Lewis Turning Point. First noted by Bloomberg, that turning point hit the Chinese labor markets in the weeks following China’s Lunar New Year holiday in February, … Continue reading
A jobs-centered approach to African American community development: The crisis of African American unemployment requires federal intervention | Economic Policy Institute
Unemployment rates for African Americans have been far higher than those of whites for the past 50 years, even in good times. In fact, since 1960 the black unemployment rate has been about twice the white rate. Had blacks had the same unemployment rate as whites in 2010, an additional 1.3 million blacks would have been employed. Millions of African Americans live … Continue reading
Still not enough jobs – The News Herald
The jobs situation nationally is slowly improving, but is the pace fast enough to reward President Barack Obama with reelection? The administration says January saw a net gain of 243,000 jobs, and 351,000 newly laid-off workers sought unemployment benefits last week, the fewest since March 2008. These encouraging signs come as the number of people … Continue reading
It’s Time to Bring Manufacturing Back to the U.S. – David Simchi-Levi – Harvard Business Review
A growing number of executives of U.S.-based companies are repatriating their manufacturing capabilities — moving some production operations back from overseas. One such company is Ford, which announced last year that it will move jobs from China and Mexico back to the U.S. Another example is Caterpillar, which is investing $120 million in a new … Continue reading
Upper classes ‘more likely to lie and cheat’ – Telegraph
In contrast, members of the “lower” classes appeared more likely to display the traditional attributes of a gentleman. It suggests that the traditional notion of the upper class “cad” or “bounder” could have a scientific basis. But psychologists at the University of California in Berkeley, who carried out the study, also suggested that the findings … Continue reading
SunOpta to restructure some units, cut 6 pct jobs | Reuters
SunOpta Inc said it will restructure some of its underperforming segments and cut about 6 percent of its workforce. The Toronto-based organic food processor said it will shut down its fruit segment and create a new consumer products group to focus on non-grains based consumer packaged goods. SunOpta expects to incur severance costs of about … Continue reading
Northrop Grumman plans layoffs – San Antonio Business Journal
Northrop Grumman Technical Services Inc. plans to layoff 32 employees in San Antonio, according to a WARN letter sent to the Texas Workforce Commission. The affected employees work on the Access Control Program in a facility at 7700 Potranco Road on the city’s Northwest Side… via Northrop Grumman plans layoffs – San Antonio Business … Continue reading
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