Job Market Monitor
United States
Philippine | Rise in unemployment will push PH to intensify labor export, says group |
Global alliance of overseas Filipinos and families Migrante International today said that the rise in local unemployment will push the Philippine government to further intensify and implement a more aggressive labor export policy. According to the 2011 Social Weather Survey, unemployment rose to 24 percent, or an estimated 9.7 million, signifying an additional 1.5 million … Continue reading
Inside Googles recruiting machine – Fortune Tech
Silicon Valley’s most venerable recruiting setup is operating in one of the most competitive hiring climates ever. It just brought on a record number of new employees. Here’s how. In the hot war for talent being fought in Silicon Valley, no company has an arsenal quite like Googles. Named Fortunes Best Company to Work For … Continue reading
Our prolonged employment gap – Rex Nutting – MarketWatch
Everyone knows that the Great Recession has inflicted tremendous damage to the lives and fortunes of millions of Americans. But what you may not know is that most of the suffering is still to come. We’re not even halfway done with this mess. The economy has been growing for 31 months now, and employment has … Continue reading
The China Syndrome: Local Labor Market Effects of Import Competition in the United States
“The value of annual U.S. goods imports from China has increased by a staggering 1,156% from 1991 to 2007.” write David H. Autor, David Dorn and Gordon H. Hanson in The China Syndrome: Local Labor Market Effects of Import Competition in the United States on mit.edu. The rapid increase in U.S. exposure to trade with China and other developing economies suggests … Continue reading
Forget Generation Y: 18- to 34-Year-Olds Are Now ‘Generation C’
It’s hardly news that young adults are the most digitally connected, but now Nielsen has come up with a new name for this group based on their common behaviors: “Generation C.” The C stands for “connected,” and the group comprises Americans between 18 and 34 — who are defined by their digital connectivity, Nielsen and … Continue reading
Has Congress made the recession worse? CNN
Since the economy dropped off a cliff in 2008, members of Congress have not exactly been shy about casting blame for no-or-slow growth on a variety of bureaucrats, outside institutions and Wall Street power players. But if lawmakers are looking for an explanation as to why the recession lasted so long, they should look no … Continue reading
Jobless claims hold steady at 4-year low
DOL Press Release: Unemployment Insurance Weekly Claims Report SEASONALLY ADJUSTED DATA In the week ending February 18, the advance figure for seasonally adjusted initial claims was 351,000, unchanged from the previous week’s revised figure of 351,000. The 4-week moving average was 359,000, a decrease of 7,000 from the previous week’s revised average of 366,000. The advance seasonally … Continue reading
Fast Growth for India’s Outsourcing Industry, Despite Weak Global Economy – NYTimes.com
India’s internet technology industry continues to expand, despite weak economies in key markets in United States and Europe, thanks to domestic growth and a push into new regions like the Middle East and Africa. Revenues for India’s information technology and outsourcing industries are expected to cross $100 billion this financial year, a 14.8 percent increase … Continue reading
Insourcing to deter offshoring jobs
Kannan Ramanujam, president of a well-known multinational IT company headquartered in the US is in the process of preparing a SWOT analysis for his company’s new operations. The choice is between offshoring its activities and utilising a third-party vendor. The company has offshored most of its service delivery processes, both directly by setting up its … Continue reading
Are Manufacturers Really Special? – NYTimes.com
The Obama administration is undertaking an athletic push to promote manufacturing employment in the United States: proposing giving manufacturers new tax breaks, closing loopholes that benefit companies that send manufacturing jobs offshore, expanding worker training programs and increasing trade enforcement, for instance. The administration underscored manufacturing’s first-among-equals status when announcing its proposed overhaul of the … Continue reading
Obama signs payroll tax agreement into law – CNN.com
President Barack Obama on Wednesday signed into law the agreement passed by Congress last week to extend the payroll tax cut and unemployment benefits while preventing a cut in payments to Medicare doctors. The signing, announced in a White House statement, resolves those issues for the rest of 2012, beyond the November election in which … Continue reading
Rep. Charles Rangel: Unemployment and Poverty in America
The recent payroll tax deal struck by Congress and signed by President Barack Obama will keep an average of $1,000 in the pockets of 160 million American families through 2012 in addition to enabling tens of millions of seniors to continue seeing the doctor of their choice under Medicare. It also provides unemployment benefits for … Continue reading
Top 10 Jobs That Make the World a Worse Place – NYTimes.com
On Thursday I wrote about how workers view the meaningfulness of their jobs, based on data collected from 30,000 workers by PayScale over the last year. (See caveats on PayScale’s methodology below.) Respondents were asked whether their jobs “make the world a better place,” and were given the options of: “very much so,” “yes,” “a … Continue reading
Women May Earn Less, but They Find Their Work More Meaningful – NYTimes.com
As I mentioned in an earlier post, the pay gap between men and women persists even when you control for the type of job and various demographic factors like age and experience. But some of the “softer” aspects to work may partly explain the wage differential: perhaps women are making a trade-off between pay and … Continue reading
In Any Immigration Debate, America Should Focus On It’s Most Skilled Workers @PolicyMic | Parker Reynolds
In Washington, the tendency seems to be that if an issue is considered too poisonous, it is consigned to the scrap heap of history. We have seen this with the issue of immigration reform. Under President George W. Bush, comprehensive immigration reform was attempted in 2006, but despite the House and Senate passing separate legislation, … Continue reading
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