The college labor market is improving, up 3 percent from last year for all degrees. Strong demand for accounting, marketing, computer science, engineering, human resources, public relations, and the inclusive “all majors” group will increase hiring for Bachelor’s degrees by 7 percent. The increase in hiring has been steady but could be better. Continue reading
Marie Mathis of Boonton, an award-winning marketing pro, finds herself in a predicament. In the three years since she was downsized, the 48-year-old has upskilled, consulted, freelanced and done contract work. These days, she holds a marketing position for a start-up technology company. Staff meetings are in Starbucks. Mathis loves the work — except for … Continue reading
The Economic Policy Institute have been charting workers missing from the US economy – not working, but not classified as ‘unemployed’ either. As of last month their calculations show over 6 million people of working age fit this category. If these missing workers start looking for work, or are otherwise recognized as being unemployed, the … Continue reading
Minimum Wage Rates for 2014, Listed by State Alabama: $7.25 Alaska: $7.75 Arizona: $7.90 Arkansas: $7.25 California: $8.00 (increase to $9.00 on July 1, 2014 and $10.00 on January 1, 2016) San Francisco: $10.74 San Jose: $10.15 Colorado: $7.78 (increase to be announced January 1, 2014) Connecticut: $8.70 ($9.00 effective January 1, 2015) Delaware: $7.25 Florida: … Continue reading
The “Job Openings and Labor Turnover Survey” tracks the number of job openings and hires in the US, which are fairly obvious indicators of the strength of the labor market. It also tracks an important, if slightly more subtle, indicator: turnover. The BLS calls these “separations,” and the number measures people who’ve quit jobs, been laid … Continue reading
If you’re graduating from business school this spring, you might want to be sitting down for this: the job market for recent MBA graduates looks poised to get a lot worse in 2014 Continue reading
“In particular, even after unemployment drops below 6.5 percent, and so long as inflation remains well behaved,” he continued, “the (Fed Open Markets) Committee can be patient in seeking assurance that the labor market is sufficiently strong before considering any increase in its target for the federal funds rate Continue reading
The number of people filing for new unemployment benefits fell for the fifth time in six weeks, more evidence that the labor market is steadily improving. Initial claims for jobless benefits, a measure of layoffs, decreased by 21,000 to a seasonally adjusted 323,000 in the week ended Nov. 16, the Labor Department said Thursday. Economists … Continue reading
Ford will add 350 jobs and invest $150 million at a US stamping plant as part of a major expansion of its capacity, the automaker said Thursday. The investment will be used to upgrade equipment at its Buffalo, New York facility and the new jobs will support a third shift of production. Ford said it … Continue reading
“Unemployed construction workers have left the industry, either to go back to school, retire or maybe leave the country. They’re no longer sitting at home waiting for a contractor to call them,” said Ken Simonson, chief economist for Associated General Contractors. He calls them the “1 million missing men.” Continue reading
“What’s being referred to as a recovery in manufacturing is to a large extent a recovery in profitability,” said Dean Baker, co-director of the Center for Economic and Policy Research, a Washington-based group funded by unions and private foundations Continue reading
There is no sign U.S. jobs statistics have been compromised by broad-based employee fabrication of data, according to the Census Bureau. Continue reading
As unhappy Wal-Mart (WMT) workers were getting ready to stage protests on the Friday that followed Thanksgiving in 2012, the world’s biggest retailer was threatening employees with reprisal on national TV and elsewhere. That was illegal, according to a Nov. 18 statement by the National Labor Relations Board. The decision comes two weeks before this year’s Black … Continue reading
Eighty-three percent of the workers said they will “actively seek a new position” next year, while just 5% said they had no intention of seeking a new job, according to Right Management, a career advisory firm Continue reading
Over the last 12 months, the tech industry added 60,000 jobs, and 36,000 — or 60% — of those positions went to women, according to the Bureau of Labor Statistics. Usually, men make up 70% to 80% of the new hires, but according to the BLS, the tide seems to have turned in the last … Continue reading