Job Market Monitor
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US / Old (white) boys club still alive and well
The proverbial old boys clubs in elite professions may no longer have rules keeping women and minorities out, but an analysis of their hiring practices suggests their upper-class, male and white makeup will stubbornly remain. According to a new U.S.-based study, bankers, lawyers and management consultants would rather hire someone who is like them than … Continue reading
US / Fiscal Cliff and Unemployment Insurance: four options to extend benefits and their costs
The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a worker’s past earnings. CBO estimates that UI benefits totaled $94 billion in … Continue reading
LivingSocial / To lay off 400 in U.S.
LivingSocial Inc. is slated to launch a major round of layoffs Thursday, with as many as 400 job cuts expected across its U.S. workforce, according to sources with knowledge of the daily deal giant’s plans. Those cuts are expected to span a wide range of positions and markets, including in LivingSocial’s home turf of D.C., … Continue reading
Wisconsin / One in five state business leaders eyes layoffs in next 6 months
Wisconsin business leaders say the state is headed in the right direction, yet one in five plans to cut staff in the next six months, the largest percentage in more than three years, according to a semi-annual survey conducted by Wisconsin Manufacturers and Commerce. Twenty percent said they plan layoffs in the first half of … Continue reading
US / All Time Biggest Layoffs
Hewlett-Packard It’s hard to top, or bottom, the recent mass firings by past-its-prime Silicon Valley stalwart Hewlett-Packard. The last few years have been dreadful for the computer manufacturer. Longtime CEO Carly Fiorina was shoved out the door after a disastrous merger with Compaq. Her successor Mark Hurd followed suit after a sex scandal, and his … Continue reading
US / Domestic workers barely make minimum wage
Nannies, caregivers and housecleaners earn a median wage of about $10 an hour, and few receive benefits like health insurance or paid sick days, according to the first-ever national statistical study of domestic workers, which is being released Tuesday. The study, based on interviews with 2,086 workers in 14 major metropolitan areas, found substantial differences … Continue reading
US / FED / Dallas Fed President, Richard Fisher, says Fed might set a target for unemployment
Dallas Fed President Richard Fisher, a top Federal Reserve official, said on Tuesday that his main concern now was unemployment, not inflation. He said another option the Fed might consider to signal its aims to markets was a target for unemployment, although this would be difficult because monetary policy alone was not responsible for creating jobs. … Continue reading
Fiscal Cliff / Unemployment Benefits will abruptly end for 2 million in dec., and nearly one million more in the first quarter of 2013
Because over five million workers will be unable to collect federal UI benefits next year if Congress fails to act, NELP is calling upon Congress to make this issue a priority during the lame-duck session of the 112th Congress. Not only should Congress reauthorize the EUC program in its current form for the next year, it … Continue reading
US / Three misperceptions prevent employment of Veterans
Research shows three misperceptions prevent employment of Veterans. Watch the video, click the image below via Warrior Transition Command | Wounded, ill, and injured Soldiers: A Story of Resilience. Related Posts American Veterans | Trends and Programs POSTED BY JOB MARKET MONITOR ⋅ NOVEMBER 12, 2012 ⋅ LEAVE A COMMENT “Veterans’ employment outcomes in the civilian labor market are an … Continue reading
What Accounts for the Slow Growth of the Economy After the Great Recession? – Infographic
Source: CBO | What Accounts for the Slow Growth of the Economy After the Recession? – Infographic.
US / 15% of law firms are planning to reduce partnership ranks
In a setback for the struggling legal industry, about 15 percent of U.S. law firms said they were planning to reduce partnership ranks in the first quarter of 2013 in a move seeking to address the problem of underused partners, according to a new survey by Wells Fargo Private Bank. The survey, which looks at … Continue reading
US / In 2011, the top 5% households accounted for 22.3% of total income, and the top 20% had 51.5%
“Although not itself a subject of legislation, the shape of the income distribution enters Congress’s decision-making process concerning such policy issues as taxes, means-tested benefits, and social insurance programs. Congress also considers legislation specifically in the name of those in the middle class, which is variously defined as some income level or income range within … Continue reading
US / The Top 10 Companies Hiring In Sales
Forbes and the online job search engine Indeed.com have collaborated to put together a list of the 10 companies with the most sales job postings at all salary levels. The lists 1. Oracle Number of open higher-level sales executive and B2B positions: 411 2. Edward Jones Number of open higher-level sales executive and B2B positions: … Continue reading
US / Food stamp enrollment up even if unemployment rate declines
From October 2009 to October 2012 the unemployment rate has declined from 10.2 percent to 7.9 percent. In that same time frame, nearly ten million new recipients have been added to the food stamp rolls, according to government data analyzed by the Republican committee staff. “Spending on the food stamp program has increased every single … Continue reading
US / Losing the Race for Entrepreneurial Talent ? (Video)
In 2005, immigrant entrepreneurs launched 52% of all startups in Silicon Valley. But today, the number has dropped to 44%, and America is not only losing the opportunity to create new jobs but also losing its competitive edge, argues Vivek Wadhwa in his short, passionately argued book, The Immigrant Exodus: Why America Is Losing the … Continue reading
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