Job Market Monitor
United States
US Monetary Policy / On unemployment vs the fear of inflation
The Fed’s reliance on the unemployment rate for determining when to pull back on bond purchases may prove troublesome. That’s because statistics on the supply of labor are notoriously tricky to evaluate, particularly when it comes to gaging their relationship to inflation Continue reading
US / Women in Poverty
More than 100 million Americans either live near the brink of poverty or churn in and out of it, and nearly 70 percent of these Americans are women and children Continue reading
Does America need immigrants to take low-skill jobs ?
According to the pair of economists, the country will offer 3.6 million new jobs in sectors such as health care, food service, construction and janitorial services. But there will only be 1.7 million new American workers between ages 25-54 entering the workforce, many of whom might be unwilling to do the very work to be done Continue reading
US / 72 percent approve minimum wage hike, including a majority of Republicans pool says
Voters support raising the federally mandated minimum, 72 percent to 27 percent, including a majority of Republicans, who support it 52 percent to 45 percent, according to a Quinnipiac poll out Wednesday Continue reading
US / Planned layoffs to lowest level since 2000
The number of planned layoffs at U.S. firms plunged by 32 percent in December to the lowest monthly total in more than 13 years, a report on Thursday showed Continue reading
Macy’s / 2,500 jobs cuts
Macy’s said Wednesday it plans to lay off about 2,500 employees and close some stores as part of a cost reduction plan Continue reading
The labor market implications of technological change in US
The rate of technological innovation obviously has major labor market effects. What is the relationship between new technological advances and the current skill distribution of the labor force? Continue reading
US / Private sector employment increased by 238,000 jobs in december says ADP National Employment Report
Private sector employment increased by 238,000 jobs from November to December, according to the December ADP National Employment Report®. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at via ADP National … Continue reading
Update on Unemployment Insurance Extension in US
The US Senate passed a procedural vote Tuesday to extend long-term unemployment insurance that ended late last year. The vote does not guarantee final passage, and the measure still must pass the House of Representatives, according to a report by USA Today. The 60-37 vote with six Republicans voting with the majority of Democrats shows … Continue reading
IT Hiring Survey in US / The employment picture remains bright to start 2014
The employment picture for technology professionals remains bright to start 2014, according to nearly 900 tech-focused hiring managers and recruiters. Just as they did in our mid-2013 hiring survey, nearly three out of four respondents (73%) reported planning to hire more technology pros in the six months ahead. The difference? Nearly one-quarter or 24 percent of … Continue reading
Unemployment Insurance Extension in US / Transcripts: President Obama’s and House Speaker John Boehner Jan. 7 remarks
PRESIDENT OBAMA: … Five years ago this month, our economy was shedding 800,000 jobs, just in one month. But as Americans buckled down and worked hard and sacrificed, we began to come back. And our businesses have created more than 8 million new jobs since we hit the bottom. Our auto industry’s gone from bust … Continue reading
Today in US / Yellen and unemployment in the Senate
The Senate is back today from the holiday break, and will confirm Janet Yellen as the next chair, and the first woman chair, of the Federal Reserve Board of Governors. Senators start work at 2 p.m., and will move to Yellen at 3 p.m. At 5:30 p.m., the Senate will vote to confirm her — … Continue reading
UI Benefits Extension in US / Meet people who’ve lost them
Name: Maureen “Momo” Kallins State: Washington “I am 65 years old. For three years I worked as the General Manager and the Business Manager of a small public access television station in Washington State. I lost that job in January 2013, which supported half of our household. (I have two sons, 26 and 24, and … Continue reading
UI Benefits Extension in US / Obama to speak on Tuesday
President Barack Obama will ratchet up his administration\’s push for an extension of emergency unemployment benefits on Tuesday with an event at the White House attended by people whose benefits have expired
Continue reading
US / The Fastest Declining Jobs
Tree-fellers, shoemakers, and postal clerks, beware. More than 30% of these jobs may disappear over the next 10 years. A new release from the U.S. Bureau of Labor Statistics sheds light on which American occupations will shrink the most in the coming decade. The 30 fastest-declining jobs are ranked by projected percent decrease between 2012 … Continue reading
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