Job Market Monitor
United States
Planned Layoffs in US for April – Up by 17% but still down for 2014
Job cut announcements by U.S.-based companies rose 17% in April from March, as employers in retail and financial services continued to shed workers, according to outplacement firm Challenger, Gray & Christmas. Employers reported plans to shed 40,298 workers last month, according to Challenger’s monthly report. That was up from 34,399 in March and 6% higher … Continue reading
Jobless Claims in US – Jump by 14,000 to 344,000
Claims have been climbing since early April when they reached a seven-year low of 301,000, but they remain well below their peak levels that were well over 600,000 a week in 2009. (Jobless claims climb to 9-week high). From the Offical Press Release SEASONALLY ADJUSTED DATA In the week ending April 26, the advance figure … Continue reading
US in April – Private-sector employment increased by 220,000 says ADP
Private-sector employment increased by 220,000 from March to April, on a seasonally adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report – April 2014 | NER. Private-sector jobs growth strongest in five months Private-sector hiring picked up in April, with employers adding the most jobs in five months, springing … Continue reading
China vs US- On the basis of purchasing power parity, China’s economy is bigger
On Wednesday, the International Comparison Program, a statistical project coordinated by the World Bank, announced new data on the size of economies by purchasing power parity that suggests China’s economy is bigger than previously thought. But the latest news is anything but surprising. Regular GDP power rankings are compiled by converting a country’s gross domestic product into … Continue reading
US – Unemployment Insurance Trust Funds battered by the Great Recession
State unemployment insurance trust funds, the engines that finance jobless benefits for millions of Americans, were battered by the Great Recession and went deep into debt to meet the demand from the unemployed. During good economic times, states aim to maintain large enough balances in the trust funds to pay benefits to jobless workers if … Continue reading
A Million Veterans Would Benefit from a Minimum Wage Increase
We ask a lot of our armed forces. They serve our country in some of the most dangerous environments and difficult situations faced by any American. Yet having endured those experiences, too many veterans returning to civilian jobs find themselves in work that barely pays enough to live on. In fact, of the roughly 10 … Continue reading
High school graduation in US – Rate could hit 90 percent (1.7 million more students received diplomas)
The high school graduation rate has topped 80 percent for the first time in U.S. history — and if states can keep up their rapid pace of improvement, the rate could hit 90 percent by 2020, according to federal data released Monday. The improvement has been driven by steep gains among African-American and Hispanic students … Continue reading
Minimum wages in US – Some States act (A map)
Odds remain low that Congress will raise the $7.25 federal minimum wage anytime soon. But the issue will be revisited in coming days as the Senate takes up a bill to increase it to $10.10 an hour. And President Obama and congressional Democrats plan to push the issue on the campaign trail ahead of the … Continue reading
US – Average retirement age up at 62 finds Gallup
The average age at which U.S. retirees report retiring is 62, the highest Gallup has found since first asking Americans this question in 1991. This age has increased in recent years, while the average age at which non-retired Americans expect to retire, 66, has largely stayed the same. However, this age too has slowly increased … Continue reading
US – Not reallocating labor resources since the Great Recession
The Great Recession appears to have solidified trends that took hold in the early 2000s. During the 1990s, 16 percent of total private-sector employment per quarter was typically accounted for by job churn—expanding companies’ hiring new workers and shrinking ones’ handing out pink slips. Since the turn of the century, the rates of new hirings … Continue reading
Close the Skills Gap in US – Why are apprenticeships in decline?
Apprenticeships can offer a precise match between the skills employers want and the training workers receive, says Robert Lerman, an economics professor at American University. “It’s a great model for transferring skills from one generation to the next,” says John Ladd, director of the Department of Labor’s Office of Apprenticeship. Nevertheless, according to the Labor … Continue reading
Toyota to move 1500 jobs in US
Toyota is consolidating much of its U.S. operations and moving them to a new headquarters in Plano, Texas. That will affect operations at its North American Manufacturing headquarters in Erlanger. Toyota’s new headquarters in Texas will house 4,000 people and serve as the hub for North American marketing, manufacturing and finance operations. One thousand Erlanger … Continue reading
Associate Degrees in US – How they are paying off (Infographic)
With the cost of tuition at four-year colleges and universities growing out of control, it is no surprise people are more interested in two-year degrees. Let’s take a look at how popular associate degrees are and how they are paying off. Source: DegreeQuery.com Chosen excerpts by Job Market Monitor. Read the whole story at Associate Degrees: Bang … Continue reading
US – The retirement crisis it’s not what some people want you to believe it is
America has a retirement crisis, but it’s not what some people want you to believe it is. It’s not the defined benefit pension plans that public employees pay into over a lifetime of work, which provide retirees an average of $23,400 annually (although some public officials fail to make their required contributions to these and … Continue reading
US – A boom in health care jobs
Evidence confirms the demand for health care professionals, and it’s not just for physicians and nurses but for medical records processing specialists, lab technicians, informational technology support experts and more. A confluence of factors is at work, but two stand out: The aging of the baby boom generation, and the passage of the health care … Continue reading
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