Job Market Monitor
US
Bridging the skills gap and education
It’s the Labor Day weekend, a time when we all take a day off to catch a breath. For many people, this weekend will pass without the prospect of work. Yet many employers are unable to find suitable workers, and jobs are unfilled. What can be done? “Mismatches in supply and demand for educated workers … Continue reading
Vocational Education – Renewed Respect
Remember the days of the candy-colored tangerine flake streamline baby, when backyard mechanics could customize their cars? Try that nowadays, warns mechanic Chip Bissey, of J and C Auto in the Northeast. “You’re going to wind up shorting out a computer or something like that and one cross of a wrong wire and you’re out … Continue reading
6 challenges for American worker
The Detroit Free Press looks at some of those challenges. Not enough jobs Long-term unemploymen Retirement anxiety Crummy jobs Bad bosses Decline of union via 6 challenges affecting the American worker – USATODAY.com.
US – The Low-Wage Recovery and Growing Inequality , a report by the National Employment Law Project
This report updates National Employment Law Project’s previous analyses of job loss and job growth trends during and after the Great Recession. The authors find that during the recession (2008 Q1 to 2010 Q1), employment losses occurred throughout the economy, but were concentrated in mid-wage occupations. By contrast, during the recovery (2010 Q1 to 2012 … Continue reading
What Americans Do of Their Time in a Workday
What Americans Do All Day Long | The Big Picture.
US – Unemployment rate rises in 44 states
Close to 90 percent of states saw their unemployment rates rise in July, a potentially worrisome development for President Obama’s reelection campaign. The Labor Department reported Friday that 44 states in all saw their jobless rate go up, with four states seeing no change at all. Only Idaho and Rhode Island — along with Washington, … Continue reading
US – Teacher Layoffs – A White House Report
The White House has released a new report that finds that the loss of teachers and other education staff is forcing communities into difficult choices that harm our children’s education and future, including increasing class sizes and shortening school years and days. The report shows that more than 300,000 local education jobs have been lost … Continue reading
New Jersey – Unemployment Rate at 35-Year High (9.8%)
New Jersey’s unemployment rate jumped to a 35-year high of 9.8 percent in July, the state Labor Department said. The rate climbed from 9.6 percent in June and is above the national level of 8.3 percent, which also increased last month. New Jersey lost 12,000 jobs in July, with the largest drops in manufacturing, construction, … Continue reading
U.S. Currency – The paper company used to make the paper since 1879 plans layoffs
The western Massachusetts company that has provided the paper used to make U.S. currency since 1879 has announced plans to lay off 55 workers. Dalton-based Crane & Co. says the job eliminations announced Wednesday are part of a consolidation plan to rejuvenate the 211-year-old paper company’s stationery business. The Berkshire Eagle reports that layoffs will … Continue reading
Unemployment Rates – U.S. vs other ‘mature’ economies – A Graph
How does the performance of the American economy compare to other similar economies–i.e., “mature” market economies, with high per capita GDP. With that in mind, take a look at this graph of unemployment rates over the past 12 years, and at my comments on it below. Focus on the maroon, yellow, and light blue lines. … Continue reading
IP – Layoffs at box plant as one shift closing down
Approximately six months after International Paper took over the Bogalusa paper mill and box plant from Temple-Inland and three months after company officials joined Gov. Bobby Jindal in announcing a $44 million investment at the facility, IP confirmed that it laid off “less than 20” of its box plant employees. IP Spokesman Scott M. Sauer … Continue reading
US – Work-Sharing to Stop Layoffs with $100 Million to States
The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck. The “work-sharing” program was passed as part of … Continue reading
US – Government employment Job Cuts – 1.7 million more jobs
Recent trends in the national labor market demonstrate the harm inflicted on the economy by cutting government spending and laying off government employees in the middle of an already challenging economic recovery. Just as with private sector layoffs, government layoffs increase the number of people out of work. And given that there are already nearly … Continue reading
Legal Services Corp – Layoffs of 8 percent of agencies’ lawyers
The nation’s providers of civil legal assistance predict that funding cuts will leave them no choice this year but to lay off about 8 percent of lawyers and support staff, close branch offices and narrow the types of services they provide, Legal Services Corp. announced on August 15… via More legal aid lawyers on the … Continue reading
Wall Street – More Layoffs to Come
Big banks are unlikely to be broken up — but they will keep getting smaller by getting rid of a large numbers of workers. Wall Street financial firms cut more than 75,000 people in 2011, and their employees are bracing for another round of layoffs. Analysts estimate that Wall Street banks will have roughly 10 … Continue reading
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