Job Market Monitor
US
Skills Gap / SMEs are not confident enough right now to make big investments in training
“We’ve been able to find the types of people that we want as long we are willing to invest in them to bring them to the level of skill that we need,” says Tammy Krings who has something of a happy problem for her growing, Columbus, Ohio-based global travel business, TS24… Millions of small- and medium-sized employers, … Continue reading
New York / Minimum-wage hike would kill 22,000 jobs over the next decade finds The National Federation of Independent Business
A proposal to hike the state’s minimum wage would kill 22,000 jobs over the next decade and cut economic output by $2.5 billion, New York’s small- business lobby claimed in a study released yesterday. The National Federation of Independent Business report estimates that seven of every 10 job losses would occur in small businesses, which … Continue reading
ADP Report : November jobs hit by Superstorm Sandy
Superstorm Sandy took a bite out of businesses hiring in November, according to a closely watched reading that suggests a weak Labor Department jobs report could be coming this Friday. Payroll processing firm ADP reported that private-sector employers added 118,000 jobs in the month, down from the 157,000 jobs added by businesses the previous month. … Continue reading
US / Employment among young people at lowest level since 1950s
Nearly 6.5 million U.S. teens and young adults are neither in school nor in the workforce, veering toward chronic underemployment as adults and failing to gain the skills employers need in the 21st century, according to a new KIDS COUNT® report from the Annie E. Casey Foundation. Many of these young people, ranging from ages … Continue reading
Airports / 19 million jobs were located within 10 miles of major american airports
As our Richard Florida pointed out in a series of posts last spring, airports play a “substantial role” in the economic growth of American cities. Their ability to facilitate the movement of goods and people may influence urban development as much as highways, railroads, and seaports did in previous centuries. They may also rival nearby … Continue reading
US / 100 Small Businesses have created more than 73,000 jobs between 2008 and 2011
Small businesses will put Americans back to work. That’s what Eric Schurenberg, editor-in-chief at Inc. magazine, told us. That’s also why he decided to come up with his own list of the top small businesses that are creating the most jobs right now. “The Inc. 500 list has been around since the early 80’s,” Schurenberg said. “So why … Continue reading
Unemployment Insurance / Its Importance for American Families and the Economy
Among the many spending cuts and tax increases legislated to take effect at the turn of the year, few policies have as direct an effect on those most affected by the Great Recession than the expiration of extended unemployment insurance (UI) benefits. In the first week of January, roughly two million individuals will lose extended … Continue reading
US / The Real Median Household Income Free Fall
Courtesy of Doug Short, we see from the above that the past decade has seen no gains in real median household incomes. Indeed, the free fall began in earnest in 2008, and now reflects an 8.1% decrease in real buying power. This is for the median household — we know from Fed and IRS data … Continue reading
US / Labor Economics / Is the the Beveridge curve shifthing ?
When trying to determine if high unemployment is being caused by weak demand or by a mismatch between jobs and the skills of job seekers, economists look at the Beveridge Curve. It represents the relationship between the unemployment rate and the job vacancy rate. On a simple chart, vacancies are on the vertical axis and unemployment … Continue reading
US / More Would Opt for a Business Job Than a Gov’t Job
By 60% to 35%, more U.S. adults would rather work for a business than for government, unchanged from January 2010. Among those currently employed for pay, preferences are similar: 63% would rather work for business and 33% for government. Source: More in U.S. Would Opt for a Business Job Than a Gov’t Job.
US / Only major economy where the younger generation not to be better educated than the older
An integral part of the American Dream is under threat – as “downward mobility” seems to be threatening the education system in the United States. The idea of going to college – and the expectation that the next generation will be better educated and more prosperous than its predecessor – has been hardwired into the … Continue reading
US / Green cards to US-trained math and science experts
The US House passed a bill today that would replace the green card lottery with a program that awards permanent residency visas to foreign graduates of US master’s and doctoral programs in science, technology, engineering and math, Reuters reported. Under the current green card lottery system, people from countries with low rates of immigration are … Continue reading
US / Birth Rate Falls to a Record Low, Worse Among Immigrants
The U.S. birth rate dipped in 2011 to the lowest ever recorded, led by a plunge in births to immigrant women since the onset of the Great Recession. The overall U.S. birth rate, which is the annual number of births per 1,000 women in the prime childbearing ages of 15 to 44, declined 8% from … Continue reading
NY / Hundreds of workers at dozens of fast-food chain stores are walking out on strike
The term “McJob” has come to epitomize all that’s wrong with the low-wage service industry jobs that are growing part of the U.S economy. “It beats flipping burgers,” the cliché goes, because no matter what your job might be, it’s assumed to be better than working in a fast-food restaurant. Today in New York City, … Continue reading
Unemployment Rates / US: Education still matters
Unemployment does not strike indiscriminately. Education, and with it, skills and competencies make a huge difference. Last october, the unemployment rate for 25 years and older (seasonally adjusted) in the United States was more than three times lower among peoples with Bachelor’s degree and higher (3.8%) than among those who have not completed high school … Continue reading
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