Job Market Monitor
United States
DHS slashes hundreds of jobs – ABC News (Australian Broadcasting Corporation)
Victoria’s Department of Human Services plans to cut 500 jobs as part of a major restructure. The state government announced in December that 3,600 jobs would be cut from the public service over the next two years. The ABC has obtained a letter from DHS which states it plans to contribute to that plan by … Continue reading
Union says 500 layoffs averted at American – Sacramento Business, Housing Market News | Sacramento Bee
The flight attendants’ union says that because of job-sharing and other steps, American Airlines won’t have to furlough 500 workers this spring. American said two weeks ago that it planned to cut 500 flight attendants because it’s flying less than it did a year ago. via Union says 500 layoffs averted at American – Sacramento … Continue reading
New Poll Shows Majority of Family Firms Optimistic in Hiring, Retaining Employees in 2012 – MarketWatch
Despite the tough economy, family-owned businesses remain optimistic about hiring and retaining employees, according to the 2012 Family Enterprise USA survey of family firms. The annual survey released today compiles responses from 300 family firm executives from a wide range of industry sectors. 54% of respondents indicated that they intend to hire more workers in … Continue reading
LightSquared to Cut 45% of Jobs to Trim Costs – Bloomberg
Billionaire Philip Falcone’s LightSquared Inc. wireless venture is cutting 45 percent of its jobs, or about 149 positions, to preserve cash after its plan to start operating was rejected by U.S. regulators. Most of the affected employees are those hired in preparation for its high-speed wireless network expansion, Reston, Virginia-based LightSquared said today. The company … Continue reading
Cianbro Looking To Hire 150 Workers – WABI TV5
Cianbro announced they’re hiring 150 new workers. Officials for the construction company say they’re facing the largest backlog of projects in their 63 year history. The job openings are for all sorts of positions including journey level millwrights, pipewelders and pipefitters for Greater Bangor and Woodland. As well as for the spring outage season when … Continue reading
Long Beach Post: LBUSD Approves Layoff of Over 300 Employees
With more than $200 million cut since 2008 and counting, the closure of two schools, and more than 800 layoffs last year, the Board for the Long Beach Unified School District (LBUSD) unanimously passed a motion approving the layoff of over 308 employees in order to brace for the millions the district will lose following … Continue reading
Inequality and Redistribution during the Great Recession – Economic Policy Papers – Publications & Papers | The Federal Reserve Bank of Minneapolis
In this paper, we explore the impact of the Great Recession on economic inequality and redistribution in the United States. We analyze many sorts of inequality (in earnings, disposable income, consumption expenditures and wealth) for different sections of the economic distribution. Here we highlight three central findings. In 2010, the bottom 20 percent of the … Continue reading
Just How Important Is Manufacturing? – Willy C. Shih – HBS Faculty – Harvard Business Review
Having a strong domestic manufacturing base is vital to the United States maintaining its world leadership in innovation. That is because advanced manufacturing provides an important institutional foundation for learning and developing process skills and capabilities that are increasingly intertwined with core R&D in some of the industries most important to the country’s economic future. … Continue reading
GOP looks to ban federal regulations until unemployment falls to 6 percent – The Hill’s Floor Action
House Republicans have put forward a bill that would prevent federal agencies from issuing any new significant regulation until the national unemployment rate drops to 6 percent. Under the bill, H.R. 4078, federal agencies could not finalize regulations that cost the economy $100 million or more, or have other significant effects on job creation, until … Continue reading
Everyone Is Freaking Out Over A New Survey That Shows Unemployment Surging Again
As The Bonddad Blog pointed out last week, this Gallup data isn’t seasonally adjusted (in fact it says that in the chart right up there). Since it’s not seasonally adjusted, you have to look at it year over year, and guess what. And guess what, a year ago Gallup was at 10% and BLS was at … Continue reading
Why America Needs Skilled Workers from India and China – NRI Matters
President Obama, after sending the annual budgetary proposal (for the fiscal year 2013) to the Congress, said that he does not want US companies to look for skilled and educated workers from India and China in field of engineering, technology and science. Well, Mr. President, this is not going to happen any time soon. Let … Continue reading
Layoffs Announced At Ballistics Lab – West Virginia Headline News and Talk Radio
Layoffs are coming at the Allegany Ballistics Laboratory at Alliant Tech Systems in Mineral County. ATK Missile Products Communications Director Rod Gibbons says they expect to make the cuts at the end of March because the company’s fiscal year begins in April. “At this point we don’t have a number yet. We have asked employees … Continue reading
LamTech to create 30 jobs – Martinsville Bulletin
The improving economy, the skills of Henry County-area workers and the assistance of governments and the Martinsville-Henry County Economic Development Corp. were the key factors in Laminate Technologies’ decision to open a plant in Henry County that will create 30 jobs. In addition, “the people have been overwhelming … like family,” said Fred Zoeller, co-founder, … Continue reading
Weak finances force layoffs at Waterbury Hospital | The Journal News | LoHud.com | LoHud.com
Waterbury Hospital is laying off 75 employees to save nearly $4.5 million. WVIT-TV and The Hartford Courant report that the job cuts will affect about 5 percent of the hospital’s work force of 1,700. The cuts include 22 management jobs, educators and clerical and support staff. via Weak finances force layoffs at Waterbury Hospital | … Continue reading
As Job Market Mends, Dropouts Fall Behind – WSJ.com
While the U.S. job market is showing signs of improvement, one sizable group of workers has been falling further behind: high-school dropouts. Some 1.8 million more college graduates have found work since January 2010, when the recovery began producing jobs, but about 128,000 high-school dropouts lost work in the same period, according to the Labor … Continue reading
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