Job Market Monitor
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US / Job Gap / State-by-State
Each month, The Hamilton Project examines the “jobs gap,” which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who enter the labor force each month. As of September, our nation faces a gap of 11.1 million jobs, but the … Continue reading
FED / Lockhart / Aggressive Easing Needed For Jobs
Federal Reserve Bank of Atlanta President Dennis Lockhart said forceful central bank policies will remain needed to spur job growth even if Congress averts sudden tax increases and spending cuts at the end of the year. “I expect that continued aggressive use of balance sheet monetary tools will be appropriate and justified by economic conditions … Continue reading
End of UI extensions / Labor market would lose 400,000 jobs in 2013
Federally funded extended unemployment insurance (UI) benefits are set to expire at the end of this year. These benefits serve two very useful public purposes. Most obviously, they provide a lifeline to the long-term unemployed and their families during the deepest and longest economic downturn since the 1930s.1 Less understood but equally crucial, the UI … Continue reading
Healthcare Jobs are Booming (Infographics)
via Healthcare Jobs are Booming | Visual.ly.
Jobs for America / A Rooseveltian Second Term Agenda
As part of our series “A Rooseveltian Second Term Agenda,” a reminder that creating more good jobs must be the president’s top priority. The presidential victory of Barack Obama was an important vindication for the uses of government. The small-government ideologues were defeated, but now the nation must go farther and recognize government is indeed a … Continue reading
Kentucky / L’Oreal to add add 211 jobs
L’Oreal will invest $42 million and add 211 jobs over the next two years to expand its Florence facility on New Buffington Road. Gov. Steve Beshear and the judge-executives of Boone, Kenton and Campbell counties broke ground Thursday morning on the expansion at L’Oreal in Northern Kentucky that will double the workforce at the plant and … Continue reading
Michigan / Chrysler / To add 1,250 jobs in
Chrysler Group LLC will announce new investments and jobs Thursday at one of its Detroit facilities. A Chrysler spokeswoman would not comment on the details of the announcement, but the Detroit Free Press reports the Auburn Hills-based automaker invest $238 million in three Michigan plants and add about 1,250 jobs so it can ramp up … Continue reading
The American Job Gap
We face a 9 million jobs gap between the number of jobs we have and the number we need, and this doesn’t even address the low quality of the jobs being created. The chart below, taken from an Economic Policy Institute blog post, illustrates the gap. As Heidi Shierholz, the author of the post, explains: The … Continue reading
Skills Gap / No Big Deal writes Businessweek
The much talked-about “skills gap” in the U.S. is more limited than many people think and shouldn’t prevent, or even stall, the U.S. manufacturing renaissance, at least for a while. More severe shortages are likely to develop, however. We need to take steps now to prevent them and make sure that enough new talent enters … Continue reading
How Education Matter – Infographics
. . Source: DOES GENERAL EDUCATION MATTER?
US / Why Is Labor Force Participation Shrinking?
We noted earlier that the recent drop in labor force participation — the percentage of people 16 or older who are working or looking for work — reflects not only the economic downturn and lack of job opportunities, but also the fact that more baby boomers are hitting retirement age. To measure the effect of … Continue reading
US / Homeland Security to hire 600 cybersecurity pros
Department of Homeland Security (DHS) Secretary Janet Napolitano, acting on the recommendation of the Homeland Security Advisory Council’s Task Force on Cyberskills, said at a Washington Post cybersecurity forum that DHS wants to hire at least 600 cyber experts, analysts, IT specialists and people who are familiar with coding. As a number of cyber experts … Continue reading
US / Nonprofit Sector is Growing Faster than Rest of the Economy
The nonprofit sector’s growth in total wages and employees outpaced government and business between 2000 and 2010, The Nonprofit Almanac 2012 shows. The volume was published this week by the Urban Institute Press. Even during and after the recession, from 2007 to 2010, nonprofit employment grew 4 percent and wages increased 6.5 percent, while they … Continue reading
US | Unemployment Insurance | House Democrats push for extension
House Democrats are beginning their push for an extension of expanded federal unemployment benefits before more than 2.1 million workers lose them at year’s end. Ways and Means panel ranking member Sandy Levin (D-Mich.) and Rep. Lloyd Doggett (D-Texas) released a committee report on Monday arguing for quick action to extend benefits before they expire … Continue reading
US | Workers Least Satisfied With Stress and Pay
U.S. workers are the least satisfied with their on-the-job stress and money they make, out of 13 aspects of work conditions rated in Gallup’s annual Work and Education poll. Fewer than a third say they are completely satisfied with each. They are most satisfied with the physical safety conditions of their workplace, followed by their … Continue reading
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