Gallup’s Job Creation Index registered +19 in January, unchanged from the prior month. This score is a three-point improvement from January 2013 and is on par with the overall 2013 average of +20. Chosen excerpts by Job Market Monitor. Read the whole story at U.S. Job Creation Flat in January. Related Posts US / ADP National Employment … Continue reading
In assessing the slow recovery of the labor market, CBO estimates the following: Of the roughly 2 percentage-point net increase in the rate of unemployment between the end of 2007 and the end of 2013, about 1 percentage point was the result of cyclical weakness in the demand for goods and services, and about 1 … Continue reading
Overall, U.S. CEO confidence is improving in 2014, but one area where optimism continues to lag behind is in finding a qualified workforce. According to the latest PricewaterhouseCoopers Private Company Trendsetter Barometer, 57 percent of companies plan to hire in 2014, but over 25 percent of the private companies surveyed cited finding qualified workers as … Continue reading
ADP’s January National Employment Report is out. The payroll-processing firm estimates 175,000 workers were hired by private-sector firms in January. Market economists were looking for a 185,000 estimate. The December estimate from ADP’s previous report was revised down to 227,000 from 238,000. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report … Continue reading
As more and more people discover that law school is not the “get rich quick” scheme that they once thought it was, applications continue to plummet. As of late January, law school applications were down 13.7 percent from where they were in 2013. The loss of student revenue is killing the bottom line at some … Continue reading
In 1953 manufacturing accounted for 28 percent of U.S. gross domestic product, according to the U.S. Bureau of Economic Analysis. By 1980 that had dropped to 20 percent, and it reached 12 percent in 2012. Over that time, U.S. GDP increased from $2.6 trillion to $15.5 trillion, which means that absolute manufacturing output more than tripled in 60 years. Those … Continue reading
Some 8.9 million disabled workers were collecting monthly DI benefits at the end of 2013,[1] roughly three times the 1980 figure of 2.9 million. Most of that growth stems from five, primarily demographic, factors. Population growth. The working-age population — conventionally defined as people aged 20 through 64 — grew by 43 percent between 1980 … Continue reading
A recent Associated Press report revealed that the majority of food stamp recipients are working age Americans. This presents a dramatic shift from the days when the youngest and oldest Americans constituted the majority of recipients. One in seven Americans are currently enrolled in the Supplemental Nutrition Assistance Program (SNAP), and the Census Bureau’s Current … Continue reading
Despite a slowly recovering economy, the proportion of Americans who identify themselves as middle class has dropped sharply in recent years. Today, about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%), according to a recent Pew Research Center/USA TODAY survey. Chosen excerpts by Job … Continue reading
The map below, from the report, shows the geographic variations of the great metro reset. It charts the time frame for return to peak employment in metro areas across the U.S. Chosen excerpts by Job Market Monitor. Read the whole story at Mapping the U.S. Metros Where High Unemployment Could Persist for Years – Richard Florida – … Continue reading
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT – SEASONALLY ADJUSTED DATA (DOL Press Release) In the week ending January 25, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 19,000 from the previous week\’s revised figure of 329,000. The 4-week moving average was 333,000, an increase of 750 from the previous week\’s revised average … Continue reading
Norwegian Air Shuttle AS (NAS) said it has received more than 5,500 applications for 300 U.S.-based cabin-crew posts as the discount carrier recruits staff for an expanding fleet of Boeing Co. 787 Dreamliner planes. About 170 people have been offered jobs in Ft. Lauderdale and New York, which the Fornebu-based airline serves from Scandinavia. Norwegian … Continue reading
Despite Occupy Wall Street protestations, the income inequality between top earners and bottom employees continues to rise, with JC Penney’s CEO making about 1,800 times more than the stock room boy. Here are 10 annual bonuses that will make you think twice about keeping your job. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
Hospital rooms, shopping floors, and fast-food counters: This is where the future of U.S. employment lives. But there are two catches Continue reading
On January 27th, 2014, The Solar Foundation released National Solar Jobs Census 2013, which found that the U.S. solar industry currently employs over 142,000 Americans Continue reading