Job Market Monitor
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US / Nearly one-quarter (23%) of workers laid off during and 4 years after the Great Recession study finds
“Nearly one-quarter (23%) of all survey respondents report being laid off from either a full-time or part-time job during and after the recession (over the past four years)” write Mark Szeltner Carl Van Horn, Ph.D. Cliff Zukin, Ph.D. of the John J. Heldrich Center for Workforce Development in Diminished Lives and Futures: A Portrait of America … Continue reading
Pennsylvania / Budget proposes pension reform, 400 layoffs plus the elimination of 500 other positions
Gov. Tom Corbett today asked his Republican-controlled Legislature for pension reform, transportation investments and a $90 million increase in basic education funding in his 2013-14 budget. The Republican governor’s $28.4 billion blueprint, if approved by lawmakers, is $679 million higher than the current year’s budget and includes no tax increase. It does, however, propose 400 … Continue reading
BLS / Page Views per month, on average: 45.8 millon in 2012
BLS / Unique Visitors Website per Month, on average: 4 million in 2012 Page Views per month, on average: 45.8 millions MOST FREQUENTLY REQUESTED DATA SERIES Unemployment Rate: LNS14000000 (156,234 downloads per month, on average) .
US / Immigrants and Jobs ?
There are a lot of competing studies (and pundits) out there, but the general takeaway from conservative and liberal economists is that immigration is good for Americans’ living standards over the long run. That’s because immigrants raise the wages of native-born workers (and also lower the cost of immigrant-dense services like child care and cleaning). … Continue reading
US College / Unemployment Rate for Bachelor’s-Degree: 3.7 Percent
I like to make this chart of unemployment rates by education attainment every few months. And it’s been a few months, so: Here’s what this graph does not say. It doesn’t say that college is guaranteed to get you a job, especially right out of school. It also doesn’t say that college drop-outs are destined … Continue reading
US / 14 Reasons for an Employment Policy
We Americans must be a remarkably patient people. It ‘s been four years since Wall Street ruined the economy, we’re nearly nine million jobs behind where we need to be, and for years our politicians have debated how much less – not how much more – they’ll do about it. We’ve patiently endured lectures about … Continue reading
US / Delaying retirement / From 42% in 2010 to 62% in 2012 among workers between the ages of 45 and 60
According to a new report released by The Conference Board, older workers intend to postpone their retirement now more than ever, despite a recovering U.S. economy. Using data from the August 2012 Consumer Confidence Survey, Trapped on the Worker Treadmill? documented a sharp increase in plans to delay retirement among workers between the ages of 45 … Continue reading
US / The number of American working was up by only 17,000
The headline ” Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent”, the U.S. Bureau of Labor Statistics reported today. But the number of those working (SA) was up by only 17,000, after last month 28,000. This is by far not enough for a dent in the … Continue reading
US / No occupation spared from higher unemployment
The figure below shows unemployment rates by occupation in 2007 and 2012. While some occupations have higher unemployment rates than others, there is a job shortage in all occupational categories relative to before the recession started. Legal occupations and food preparation and serving occupations are doing the best with respect to where they were before … Continue reading
US / Vast majority of wage earners are working harder and more
“The U.S. economy over the past decade has worked primarily to the advantage of a small sliver of winners” writes Lawrence Mishel of the Economic Policy Institute. (Excepts to follow) Meanwhile, the vast majority of workers have not fared well—a trend that stretches back to the late 1970s. Contrary to some political rhetoric of late, this is … Continue reading
US / Council on Jobs and Competitiveness set to end
In the “something you didn’t know existed that is now going away” category: The president’s Council on Jobs and Competitiveness is set to end tomorrow. It came together two years ago, to generate ideas and policies for accelerated job creation. I asked economist Gary Burtless at the Brookings Institution what he thought about the president’s … Continue reading
US / In decline?
The American Century is dead. Long live the next American Century. The subtext of political debate these days is that the United States is in decline — a proposition often portrayed as self-evident. The economy lacks dynamism; unemployment near 8 percent remains at recession levels. The president and his Republican critics barely talk to each … Continue reading
US / Blockbuster to shed thousands of jobs
ideo rental business Blockbuster plans to close hundreds of stores in the coming weeks and expects to shed thousands of jobs, the company said Tuesday. Blockbuster, which was bought by Dish Network (DISH, Fortune 500) in 2010 after going bankrupt, plans to close about 300 stores and cut about 3,000 jobs, said Dish spokesman John … Continue reading
Tulsa / Verizon to add 500 jobs
Verizon will soon add a financial services hub to its Cherokee Industrial Park facility, a move that will add 500 jobs to the area. The announcement was made Friday morning, and scheduled to include an appearance by Gov. Mary Fallin. When complete, Verizon’s financial services hub will handle accounts payable, accounting and other financial activities. … Continue reading
US / Job Gap / President Elected Jobs Council without official meeting for a year
President Barack Obama’s Jobs Council hit a notable milestone on Thursday: one year without an official meeting. The 26-member panel is also set to expire at the end of the month, unless Obama extends its tenure. The group, formally known as the President’s Council on Jobs and Competitiveness, last convened on Jan. 17, 2012 for … Continue reading
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