Job Market Monitor
United States
US / Less government revenue will come from the long-term side of declining Labor Force Participation Rate
When the LFPR drops by 0.1% it means that there will be 180,000 less workers filling the tax bucket Continue reading
(Update) US Job Report / Job creation picks up despite government shutdown
Job creation picks up despite government shutdown. Indeed, furloughed workers are counted on the payroll. But the household survey says something else: a drop of -735,000 in the number of people employed. Furloughed are counted as unemployed in the household survey. Continue reading
US / Gallup’s measured payroll to population rate increases slightly in october
The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, rose slightly to 43.8% in October, from 43.5% in September. P2P in 2013 continues to lag behind 2012; P2P last month is down almost two percentage points from the 45.7% found in October 2012. via U.S. Payroll to Population Rate Increases Slightly in … Continue reading
US / ADP’s numbers: 130,000 private-sector jobs added in October, the smallest gain since April
Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday. The figure was below the 150,000 average monthly job growth in the sector over the previous year as the hiring in the service sector … Continue reading
US Skills Gap / Who’s to blame for it ?
New data suggest that although many companies continue to complain about the so-called skills gap, few are taking steps to fix it. Continue reading
US / UI Claims decrease by 9,000 to 336,000, lowest level this fall
SEASONALLY ADJUSTED DATA In the week ending November 2, the advance figure for seasonally adjusted initial claims was 336,000, a decrease of 9,000 from the previous week\’s revised figure of 345,000. The 4-week moving average was 348,250, a decrease of 9,250 from the previous week\’s revised average of 357,500. The advance seasonally adjusted insured unemployment … Continue reading
US / The Whitest Jobs
Whites account for about 81 percent of the workforce. But there are 33 occupations counted by the BLS where whites officially account for nine in ten of all workers, or more Continue reading
The US Talent Shortage / Gimme a break says The Headhunter
Employers don’t do their own hiring, and that’s the number one problem. They outsource their competitive edge (recruiting and hiring) to third parties like Taleo, Kenexa, LinkedIn, Monster.com and CareerBuilder Continue reading
US / Mortgage business has announced 49,000 layoffs the first nine months of 2013
Financial firms are cutting tens of thousands of jobs because of a slowdown in the mortgage business, the sluggish economy, the growth of online banking and new regulations. The sector announced 49,000 layoffs the first nine months of 2013, most among all industries, outplacement firm Challenger Gray & Christmas said in a report. Challenger expects … Continue reading
US / Okun’s Law says the economy is well below its potential
The basic logic that underlies Okun’s law has proven to be robust over the decades Continue reading
US Monetary Policy / Fed’s Bullard sees substantial progress in labor markets
There’s been “substantial progress” in the U.S. labor market, St. Louis Fed President James Bullard told CNBC on Monday. But inflation is low, he added—saying, “What’s the hurry” to taper the Federal Reserve’s massive bond-buying program. “The unemployment rate is down almost a full point from when we start this program in September 2012. We’ve … Continue reading
US / Concern as Environment Agency job cuts estimate rises to 1,700
Waste industry bodies have expressed concerns after the Environment Agency (EA) confirmed an estimated 1,700 staff are likely to be cut between now and October 2014 – higher and sooner than its previous estimates of 1,400 job losses up to 2016. According to an Agency spokeswoman, the current total headcount of staff is 11,400, which … Continue reading
US / Construction adds 20,000 jobs and unemployment hits six-year low
Construction employment rose by 20,000 in September, and the industry’s unemployment rate fell to a six-year low of 8.5 percent, while construction spending increased for the fifth consecutive month in August, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the data does not address … Continue reading
US / ‘One-stop shop’ to attract foreign investment to generate jobs
The US launched a fresh effort Thursday to attract investment by foreign manufacturers and other businesses as the government seeks to pull down stubbornly high unemployment. President Barack Obama was to address 1,200 foreign and US business leaders in Washington as the White House tries to further lower barriers to foreign investment. White House officials … Continue reading
US / Jobless Claims drop but bigger gains in payrolls are needed
Fewer Americans filed applications for unemployment benefits last week as a backlog in California’s reporting cleared. Jobless claims decreased by 10,000 to 340,000 in the week ended Oct. 26 from 350,000 the prior period, the Labor Department reported today in Washington. The median forecast of 49 economists surveyed by Bloomberg called for a decrease to … Continue reading
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