Job Market Monitor
US
The Job Gap in US / There are about 1.18 million fewer payroll jobs than before the recession started
This doesn’t include population growth and new entrants into the workforce Continue reading
US / The Unemployment Problem is a long-term unemployment problem
In a response to Friday’s jobs report, Jason Furman, the Chairman of the White House’s Council of Economic Advisors, included this graph that shows the share of unemployment benefits going to long-term unemployed workers (those out of work more than 27 weeks) and short-term unemployed workers. Check it out: Source: Council of Economic Advisers The … Continue reading
US / Testimonies of Americans who rely on unemployment insurance (Video)
Americans who rely on unemployment insurance describe exactly what this essential lifeline has meant to them, and what’s at risk if House Republicans refuse to renew it. On Nancy Pelosi‘s Channel, Democratic Leader of the U.S. House of Representatives for the 112th Congress. Related articles Unemployment Insurance in US / Worse than most other developed countries (video) … Continue reading
US / Occupational Outlook Handbook released
The 2014–15 Occupational Outlook Handbook (OOH) was released Wednesday, January 8, 2014 by the Bureau of Labor Statistics (BLS). The OOH reflects BLS employment projections for the 2012–22 decade. The OOH is one of the nation’s most widely used sources of career information. It provides details on hundreds of occupations and is used by career counselors, students, parents, teachers, … Continue reading
Work share benefits both sides, not layoffs
“Work share benefits both sides,” says Wayne Vroman, a senior fellow at the Urban Institute, a nonpartisan Washington think tank focused on economic and social policy research. “Employers get to retain skilled workers and at the same time workers aren’t getting laid off.” Continue reading
US Monetary Policy / On unemployment vs the fear of inflation
The Fed’s reliance on the unemployment rate for determining when to pull back on bond purchases may prove troublesome. That’s because statistics on the supply of labor are notoriously tricky to evaluate, particularly when it comes to gaging their relationship to inflation Continue reading
US / Women in Poverty
More than 100 million Americans either live near the brink of poverty or churn in and out of it, and nearly 70 percent of these Americans are women and children Continue reading
Does America need immigrants to take low-skill jobs ?
According to the pair of economists, the country will offer 3.6 million new jobs in sectors such as health care, food service, construction and janitorial services. But there will only be 1.7 million new American workers between ages 25-54 entering the workforce, many of whom might be unwilling to do the very work to be done Continue reading
US / 72 percent approve minimum wage hike, including a majority of Republicans pool says
Voters support raising the federally mandated minimum, 72 percent to 27 percent, including a majority of Republicans, who support it 52 percent to 45 percent, according to a Quinnipiac poll out Wednesday Continue reading
US / Planned layoffs to lowest level since 2000
The number of planned layoffs at U.S. firms plunged by 32 percent in December to the lowest monthly total in more than 13 years, a report on Thursday showed Continue reading
Macy’s / 2,500 jobs cuts
Macy’s said Wednesday it plans to lay off about 2,500 employees and close some stores as part of a cost reduction plan Continue reading
US / Private sector employment increased by 238,000 jobs in december says ADP National Employment Report
Private sector employment increased by 238,000 jobs from November to December, according to the December ADP National Employment Report®. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at via ADP National … Continue reading
IT Hiring Survey in US / The employment picture remains bright to start 2014
The employment picture for technology professionals remains bright to start 2014, according to nearly 900 tech-focused hiring managers and recruiters. Just as they did in our mid-2013 hiring survey, nearly three out of four respondents (73%) reported planning to hire more technology pros in the six months ahead. The difference? Nearly one-quarter or 24 percent of … Continue reading
Unemployment Insurance Extension in US / Transcripts: President Obama’s and House Speaker John Boehner Jan. 7 remarks
PRESIDENT OBAMA: … Five years ago this month, our economy was shedding 800,000 jobs, just in one month. But as Americans buckled down and worked hard and sacrificed, we began to come back. And our businesses have created more than 8 million new jobs since we hit the bottom. Our auto industry’s gone from bust … Continue reading
Today in US / Yellen and unemployment in the Senate
The Senate is back today from the holiday break, and will confirm Janet Yellen as the next chair, and the first woman chair, of the Federal Reserve Board of Governors. Senators start work at 2 p.m., and will move to Yellen at 3 p.m. At 5:30 p.m., the Senate will vote to confirm her — … Continue reading
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