Job Market Monitor
United States
North Carolina / First state to cut federal long-term jobless benefits
North Carolina is the first state to cut off a federal unemployment compensation program for the long-term jobless Continue reading
US / Labor Surplus, Labor Shortage, and the Skills Gap
US Job Market has two significant problems — a labor surplus and a labor shortage. High unemployment and a lack of job opportunity for young people – the surplus; employers who can’t find the highly skilled workforce needed – the shortage Continue reading
US / had more temp workers than ever before: 2.7 million
In cities all across the country, workers stand on street corners, line up in alleys or wait in a neon-lit beauty salon for rickety vans to whisk them off to warehouses miles away. This is Chicago, New Jersey, Boston. Continue reading
US Medical Device / Widespread Layoffs Leave Med Tech Shaky
Sizable layoffs this year from the likes of Medtronic, Boston Scientific, and Abbott Vascular, among others, have undeniably rattled the medical device industry Continue reading
US / When will the unemployment rate fall to 6.5% (the Fed’s threshold)
When will the unemployment rate fall to 6.5% (the Fed’s threshold, but not trigger, for raising the Fed’s funds rate)? If the participation rate stays steady, the unemployment rate will fall to 6.5% in December 2014 if the economy adds around 185,000 jobs per month. This is consistent with the Fed not raising rates until 2015 … Continue reading
UK / Employment support for the very-hardest-to-help: a proposal for a new programme Route2Work
Route2Work: Employment support for the very-hardest-to-help, says that paying private and voluntary providers to help people back into work is a sensible approach to reducing unemployment. However, there needs to be a new complementary scheme that encourages and rewards charities, social enterprises and small-scale providers to help the most vulnerable people Continue reading
US College degree / Employers place more weight on experience, particularly internships and employment during school
Half of employers surveyed recently by The Chronicle and American Public Media’s Marketplace said they had trouble finding recent graduates qualified to fill positions at their company or organization. Nearly a third gave colleges just fair to poor marks for producing successful employees. And they dinged bachelor’s-degree holders for lacking basic workplace proficiencies, like adaptability, communication skills, and the ability to solve complex problems. Continue reading
US / A new labor market indicator: the threshold of initial jobless claims
The paper introduces a new labor market indicator, referred to as the threshold of initial jobless claims, that serves as a benchmark of comparison for the weekly reporting of initial jobless claims. The presented threshold is an improvement over a commonly used rule of thumb in relating initial claims to the upcoming employment report Continue reading
US vs Bangladesh / Sweatshop / Suspension of Preferential Trade Status and Reactions
The U.S. is planning to suspend its preferential trade treatment for Bangladesh. The suspension will begin in about 60 days.
Bangladesh’s foreign ministry has expressed hope that the U.S. will soon restore the country’s trade preferences Continue reading
US / A skills Gap ? Most H-1B IT Foreign Workers hold entry-level positions
There is little empirical evidence to suggest that foreign engineers displace American engineers as a whole. If anything, one recent study suggests, the growth of immigrant workers in American companies helps younger American technical workers — more of them are hired and at higher-paying jobs — but has no noticeable consequences, good or bad, on … Continue reading
US / Jobless claims still going the right way
In the week ending June 22, the advance figure for seasonally adjusted initial claims was 346,000, a decrease of 9,000 from the previous week’s revised figure of 355,000 Continue reading
US / The Occupations with Oldest Jobholders
The Occupations with Oldest Jobholders in United States. Some professions naturally retain older experts – clergymen, for example. In other cases, professions are dying and unable to provide attractive opportunities for newcomers Continue reading
US Jobs Gap / States are closely mirroring the nation in terms of pace of recovery
Somewhat surprisingly, in contrast with past cycles a state’s job-growth performance in the recovery to date appears largely uncorrelated to its rate of job loss in the 2008 downturn. The job-growth rates in the ensuing recovery are clustered in a fairly tight range around the 4.8 percent U.S. average, suggesting that states are closely mirroring the nation in terms of pace of recovery Continue reading
US / Education gap widens Georgetown Center on Education and the Workforce finds
The Education Gap, the projected shortfall between the demand for workers with university degrees and the supply of Americans who have them continues to widen, according to new research from the Georgetown Center on Education and the Workforce Continue reading
US / Immigration and the Job Market
The belief that immigration would simply displace American workers relies on the assumption that employers would do nothing but replace a costlier domestic labor force with cheaper imports. But companies actually invest and expand to reap the higher profits that the new labor allows. This provides new opportunities for immigrants and domestic workers alike Continue reading
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