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Keyword: jobmarket

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  • America's sentiment towards the jobs market has turned: They have lost faith in it

    11/24/2015 7:41:18 AM PST · by SeekAndFind · 12 replies
    Business Insider ^ | 11/24/2015 | Akin Oyedele
    Americans are losing faith in the jobs market. The Conference Board's consumer confidence index for November, released on Tuesday, unexpectedly fell to 90.4, a 14-month low. Economists had estimated that the index rose to 99.5 in November, from an upwardly revised 99.1 print (from 97.6) in October. The Conference Board's Lynn Franco explained in the report: "The decline was mainly due to a less favorable view of the job market. Consumers' appraisal of current business conditions, on the other hand, was mixed. Fewer consumers said conditions had improved, while the proportion saying conditions had deteriorated also declined. Heading into 2016,...
  • The Job Market Will Get Much Worse, JP Morgan Economist Warns

    06/10/2015 7:54:37 AM PDT · by SeekAndFind · 22 replies
    Zero Hedge via ^ | 06/10/2015 | Daniel Drew
    As Zero Hedge reports every month, the labor force participation rate is at multi-decade lows. Michael Feroli, a JPMorgan economist, said the economy will produce even fewer jobs in the future.In the last ten years, the U.S. saw 68,000 new jobs per month. Meanwhile, the population grew by over 200,000 per month. The last decade's data was marred by severe job losses in 2008. From 1995 - 2005, it was normal to see 300,000 new jobs per month in good years, and the bad years didn't come close to the 2008 horror show.Job creation is on a slight uptrend now,...
  • The US labor market recovery is missing one ingredient: Labor Force Participation

    04/17/2015 9:03:29 AM PDT · by SeekAndFind · 10 replies
    The Blackrock Blog ^ | 04/17/2015 | by Russ Koesterich, CFA BlackRock Global Chief Investment Strategist
    Despite last month’s poor jobs report, the U.S. labor market is improving. Job creation is running at the fastest pace since the late 1990s, and there is some evidence that wage growth is finally starting to accelerate, albeit modestly.However, one key component is missing from the labor market recovery: rising labor force participation.In March, labor force participation declined 0.1% to 62.7%, the lowest rate since the late 1970s.Why are so few Americans participating in the labor market even as jobs become more plentiful? I see three main reasons.1. An aging population. While the Great Recession inflicted significant damage on the...
  • Law schools are in a death spiral. Maybe now they’ll finally change.

    03/10/2015 8:08:38 PM PDT · by SeekAndFind · 59 replies
    Washington Post ^ | 03/10/2015 | Dorothy A. Brown, Professor , Emory University School of Law.
    “March madness” holds a different meaning in the legal world. While most of the country looks forward to fast breaks and Cinderella upsets, law schools are bracing themselves for another type of madness: the annual carnage left by the U.S. News & World Report rankings. This year’s rankings drop on March 10, to be followed by the usual chaos. Deans at highly placed law schools will issue news releases; deans with less fortunate rankings will have their already hectic lives turned upside down. The lucky ones will get fired. The unlucky ones will have to deal with the fallout. A...
  • Food Stamp Recipients Top 46 Million for 36th Straight Month

    11/10/2014 10:18:12 PM PST · by PROCON · 43 replies
    cnsnews ^ | Nov. 10, 2014 | Ali Meyer
    ( - The number of beneficiaries on the Supplemental Nutrition Assistance Program--food stamps--has now topped 46,000,000 for 36 straight months, according to new data released by the Department of Agriculture (USDA). From September 2011 through August 2014, the latest month for which data is available, the number of persons participating in the Supplemental Nutrition Assistance Program (SNAP) has exceeded 46 million. In August 2014, according to USDA, there were 46,484,828 beneficiaries of the SNAP program. That was down slightly—2,060 beneficiaries—from the 46,486,888 who got food stamps in July.
  • Fresh data shows U.S. jobs market tightening: 4.67 Million Job openings in June

    08/12/2014 12:31:34 PM PDT · by SeekAndFind · 8 replies
    Reuters ^ | 08/12/2014 | LUCIA MUTIKANI
    The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth. The Labor Department's monthly Job Openings and Labor Turnover Survey released on Tuesday gave an upbeat assessment of the job market that could sharpen the debate on the timing of the first interest rate increase from the Federal Reserve. The number of unemployed job seekers per open job fell to 2.02 in June, the lowest level since April 2008. The ratio was at 2.14 in May and is now below the...
  • Here's A Crazy Statistic That Shows The Huge Disconnect In The Job Market

    08/12/2014 5:49:15 AM PDT · by SeekAndFind · 38 replies
    Business Insider ^ | 08/12/2014 | Joe Weisenthal
    At 6.2%, the unemployment rate remains uncomfortably high.  And yet, companies are increasingly saying they're having a hard time finding workers.This statistic from the latest NFIB small business optimism survey really drives home the disconnect. Note the highlighted part of the text below:NFIB owners increased employment by an average of 0.01 workers per firm in July (seasonally adjusted), the tenth positive month in a row and the best string of gains since 2006. Seasonally adjusted, 13 percent of the owners (up 1 point) reported adding an average of 2.9 workers per firm over the past few months. Fifty-three percent of...
  • Fewer college grads will have jobs lined up this year: Still a bleak job market

    05/12/2014 6:32:20 AM PDT · by SeekAndFind · 74 replies
    New York Post ^ | 05/12/2014 | By Jonathon Trugman
    It’s “Pomp and Circumstance” time for 1.6 million US college graduates. While members of the class of 2014 have some cause to celebrate, they also know they are a few short months away from starting to pay down their share of the $1 trillion-plus student-loan debt. The most shocking number of all is that only 17 percent of these soon-to-be grads have a job lined up, according to AfterCollege Inc., which crunches these numbers and also tries to help match employers with recent graduates. Despite our being a year further along on the road to economic recovery, this year’s 17...
  • The Job Market Is Officially Fixed

    12/26/2013 4:40:07 PM PST · by SeekAndFind · 15 replies
    Zero Hedge ^ | 12/26/2013 | Tyler Durden
    <p>We are happy to announce that the job market is officially fixed.</p> <p>It was almost exactly a year ago when we reported that Delta Airlines received 22,000 applications for 300 flight attendant jobs in the first week after posting the positions outside the company. The applications arrived at a rate of two per minute. Said otherwise, the precious few lucky hires had overcome an acceptance ratio of 1.3%. Putting this into perspective, the acceptance ratio at Harvard, the lowest of any university, is 5.9%.</p>
  • Traders Confused: Is the Jobs Market Improving or Not?

    06/05/2013 7:11:37 PM PDT · by SeekAndFind · 47 replies
    CNBC ^ | 06/05/2013 | Bob Pisani
    Traders confused: is the job market improving, or not? Markets were volatile again today, this time on signs that the jobs market may not be as strong as some hoped. A report on private sector employment by ADP was weaker than expected, as was an employment gauge released as part of a survey of purchasing managers in the services industry. That is causing some to consider lowering their estimates for Friday's critical May jobs report. This is confusing, because Fed officials have been talking about tapering their purchases of bonds as the job market improves. So which is it? To...
  • The Job Market: Is College Overrated?

    05/10/2013 8:04:50 AM PDT · by SeekAndFind · 8 replies
    National Center for Policy Analysis ^ | 05/10/2013 | Pamela Villarreal
    Today's college graduates carry an average student loan balance of $25,000. Is college and a mountain of debt the only path to employment?Public Policy Promotes College. Though the majority of jobs today require specialized training beyond the high school level, many jobs do not require a four-year degree. In fact, economists have noted that degrees serve as credentials on a potential employee’s resume, but they are no guarantee of needed skills.1 The federal government has poured billions of dollars into college aid to those who want to pursue a college degree. The U.S. Department of Education now makes below market-rate...
  • Devastating Job Numbers Undermine Rationale for ‘Immigration Reform’

    04/05/2013 9:31:19 AM PDT · by montag813 · 12 replies
    Stand With Arizona ^ | 04-05-2013 | John Hill
    Welcome Back Carter: U.S. workforce participation rate collapses to level not seen since 1979. So why again do we need millions of foreign workers added to the labor market?- by John HillStand With ArizonaWebsite | Facebook | Twitter Even Obama-defenders admit it: this morning's employment number was a "punch to the gut". So said former Obama chief economic adviser Austin Goolsbee on CNBC. No way to spin it. Job gains were only 88,000 - below even the lowest Wall St. estimate of 100k - the biggest miss in estimates since December 2009, and the lowest job growth in 10 months....
  • Young Vs Old: A Tale Of Two US Job Markets

    04/05/2013 9:05:58 AM PDT · by SeekAndFind · 15 replies
    Zero Hedge ^ | 04/05/2013 | Tyler Durden
    Because we have discussed the issue of the age-bifurcated US jobs market extensively before, we are delighted to not have to say much if anything this time around, as absolutely everything is still the same. Since the arrival of Obama, the US workforce has been effectively split into two separate job markets: those 54 and younger (condolences) and those 55 and older. Specifically, since January 2009, the number of jobs created has been focused solely on the gerontocratic component of the US labor pool, those aged 55 to 69 (or more - gray line below), and who can no...
  • Why The U.S. Job Market Remains Terribly Bleak

    11/15/2012 2:33:25 PM PST · by SeekAndFind · 12 replies
    Forbes ^ | 11/15/2012 | John Goodman
    Full time work is about to get scarcer. The reason? By hiring part-time workers who put in less than 30 hours per week, employers can avoid a mandate dictated by the new health reform law: either provide expensive health insurance or pay a fine equal to $2,000 per worker. Avoiding the mandate becomes even more attractive for low-wage employees, since they can get highly subsidized insurance in the newly created health insurance exchanges. Clearly the Affordable Care Act (ObamaCare) is a major factor holding back economic recovery. But it’s not alone. Other public policies enacted during the Obama administration’s first...
  • Why the Job Market Will Continue Shrinking

    05/08/2012 12:16:04 PM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 05/08/2012 | Charles Hugh Smith
    Via Charles Hugh-Smith of Of Two Minds blog,The paradox of an advanced post-industrial economy is that the number of jobs needed declines even as the cost of living rises.The fundamental dynamic of America's job market is simple: we need relatively few workers to provide the absolute essentials of life even as the cost-basis of the economy inexorably rises. In other words, there are fewer jobs even as the costs of maintaining a "middle class" life rise.Let's start by observing how all the financial data in the world does not necessarily describe the primary dynamics of an economy. There are...
  • Private Sector Lifts Grads' Job Outlook (for certain majors)

    05/22/2011 9:38:36 AM PDT · by rabscuttle385 · 21 replies · 1+ views
    The Wall Street Journal ^ | 2011-05-21 | Sara Murray & Joe Light
    This year's college graduates have better career prospects than their peers did a year ago—as long as they're looking in the private sector. Employers plan to hire 19% more new graduates this year than in 2010, according to a survey by the National Association of Colleges and Employers. That means students were more likely to have offers as they head toward graduation. Among college seniors who applied for positions, the survey said, 41% had an offer this year, up from 38% last year. (snip) ...some degrees are far more valuable than others. Computer science, accounting, economics and engineering majors were...
  • Many With New College Degree Find the Job Market Humbling (Tough Job Market for New Grads)

    05/19/2011 6:33:09 AM PDT · by SeekAndFind · 69 replies
    New York Times ^ | 05/19/2011 | Catherine Rampell
    The individual stories are familiar. The chemistry major tending bar. The classics major answering phones. The Italian studies major sweeping aisles at Wal-Mart. Now evidence is emerging that the damage wrought by the sour economy is more widespread than just a few careers led astray or postponed. Even for college graduates — the people who were most protected from the slings and arrows of recession — the outlook is rather bleak. Employment rates for new college graduates have fallen sharply in the last two years, as have starting salaries for those who can find work. What’s more, only half of...
  • The Upside-Down Job Market. Today, Grandpa is twice as likely to be working as Junior.

    03/27/2011 9:22:49 AM PDT · by SeekAndFind · 47 replies
    Wall Street Journal ^ | 03/25/2011 | Sue Shellenbarger
    The biggest changes in family life sometimes happen gradually. New employment data suggest one such seismic change is upon us: Job-holding patterns between the generations have turned upside down. In the past, Grandma and Grandpa tended to retire to a life of leisure in their sixties, while teenagers were expected to work. As recently as 2000, boys ages 16 and 17 were far more likely to hold paying jobs than their grandparents ages 65 to 69. But just a decade later, that picture has turned upside down: Grandpa is twice as likely to be working as Junior. Based on new...
  • Be Careful: The Job Market Is Still Ugly Even For Graduates Of Some Of The Top MBA Programs

    10/06/2010 9:04:16 AM PDT · by WebFocus · 19 replies
    Business Insider ^ | 10/06/2010 | Vincent Fernando CFA
    Be very careful before diving into an MBA program right now. Even students from the top MBA schools are frequently without job offers, and those in mid-tier schools are jobless in droves as shown below in the chart from Econompic. You can see the rate of graduates' joblessness in red. Now we're pretty sure that MBA's from top schools will always benefit their recipients, if only for the network of contacts they build for the long-term. However, those considering lower- or mid-tier schools should do some serious homework into the financial cost because as shown above you could very well...
  • Obama boogeyman of the job market

    08/23/2010 1:28:12 PM PDT · by usalady · 6 replies
    Examiner ^ | August 23, 2010 | Martha
    A boogeyman is usually thought of as an imaginary figure causing fear. However, in the case of President Obama, the figure is real. He is causing a loss of confidence in the future among American businessmen and consumers.
  • Why Are Americans Fleeing the Job Market? (652,000 have dropped out, not counted as unemployed)

    07/06/2010 1:30:05 PM PDT · by SeekAndFind · 33 replies
    Daily Finance ^ | 07/06/2010 | Matthew Scott
    Are we about to see a wave of Americans giving up on the labor market? The Bureau of Labor Statistics' June jobs report saw the labor market lose 652,000 workers -- a defection so large that it caused the nation's unemployment rate to drop from 9.7% to 9.5%, not because jobs were created, but because the number of people in the workforce declined. In fact, workers left the labor force so fast that they seem to have bypassed categories the unemployed usually fall into before they finally leave the workforce due to frustration. The number the government uses to track...
  • CHART: Job Market Improves for Foreign-Born, Becomes Worse for Native-Born

    06/08/2010 9:58:27 AM PDT · by SeekAndFind · 9 replies · 21+ views
    American Thinker ^ | 06/07/2010 | Mike Mandel
    Today’s job release showed a very surprising pattern: Compared to a year ago, the labor market for foreign-born workers appears to have improved. Meanwhile, the labor market for native-born workers appears to have worsened compared to a year agoForeign born workers had an unemployment rate of 8.6% in May 2010, compared to 9.1% a year in May 2009. Native-born workers had an unemployment rate of 9.5% in May 2010, compared to 9.0% a year ago.Let’s look at the changes over the past few months. In this chart, remember that the unemployment rate is not seasonally adjusted. The unemployment rate...
  • Should We Focus On Jobs Or Unemployment? (Job market improves, Unemployment does not decline)

    05/10/2010 6:47:35 AM PDT · by SeekAndFind · 17 replies · 442+ views
    Real Clear Markets ^ | 05/10/2010 | Alfred Tella
    <p>The time is late 2009. In a small mid-western town an interviewer is asking a household member questions that will classify him as either working, unemployed, or out of the labor force in the government's monthly employment survey.</p> <p>Having determined that the respondent is not employed, the interviewer asks if he wants and is available for work and has looked for a job in the past four weeks. The respondent replies, yes, he wants and is available for work, but he hasn't looked for a job for some time.</p>
  • Mexican ambassador: US immigration reform unlikely in 2010 due to unemployment, elections

    01/10/2010 8:22:52 AM PST · by La Lydia · 26 replies · 859+ views
    Fox 6 Now ^ | January 10, 2010 | Mark Stephenson
    MEXICO CITY — Mexico's ambassador to the United States said Friday he expects immigration reform is unlikely to pass in that country in 2010 because of unemployment and midterm elections. In an unusually frank assessment, Ambassador Arturo Sarukhan said Mexico will continue its quiet, "under the radar" lobbying for a reform that would benefit...Mexicans living in the United States. A large percentage are undocumented. "It's not that it is unachievable. It is possible, but it will be difficult," he told a news conference...."If the (U.S.) economy grows, but there continues to be the unemployment and the job losses that occurred...
  • Top Business School Stories of 2009 (global crisis hammered MBA job market, school endowments)

    12/24/2009 6:20:17 AM PST · by SeekAndFind · 8 replies · 446+ views
    Business Week ^ | 12/24/2009 | Alison Damast and Geoff Gloeckler
    To call 2009 an interesting year for management education is perhaps an understatement bordering on the extreme. With the global financial crisis taking its toll on everything from the MBA job market and endowments to financial aid and the reputation of the MBA degree itself, 2009 promises to go down in history as a year to forget. For students and graduates of MBA programs, 2009 was the year that jobs and internship offers became harder to find, even at the top schools; a year when the scarcity of student loans and visas for international students threatened to derail even the...
  • The Job Market: Is a College Degree Worth Less Today?

    12/09/2009 6:37:59 AM PST · by SeekAndFind · 97 replies · 3,840+ views
    Time Magazine ^ | 12/9/2009 | Christopher Furlong
    Employers and career experts see a growing problem in American society — an abundance of college graduates, many burdened with tuition-loan debt, heading into the work world with a degree that doesn't mean much anymore. The problem isn't just a soft job market — it's an oversupply of graduates. In 1973, a bachelor's degree was more of a rarity, since just 47% of high school graduates went on to college. By October 2008, that number had risen to nearly 70%. For many Americans today, a trip through college is considered as much of a birthright as a driver's license. Marty...

    12/04/2009 8:00:59 AM PST · by TheFreedomPoster · 6 replies · 447+ views
    THE FREEDOM POST ^ | 12/4/2009 | The Capitalist
    (VIDEO BELOW) In an appearance on FOX's On the Record with Greta Van Susteren last night, House Republican Leader John Boehner (R-OH) discussed the White House jobs summit and how Democrats job-killing agenda is hurting small businesses and undermining job creation in America
  • Rise of Asia largely unnoticed in Middle America

    11/16/2009 12:54:38 PM PST · by Mr. Jeeves · 7 replies · 426+ views ^ | 11/16/2009 | Randal Rayborn
    The average American pays little attention to news from Asia. American culture is insular, sparing little attention to developments in other countries. The nation’s focus is on the wars in the Middle East and the expansion of domestic welfare programs – an expansion demanded by handout-seeking voters who may now be starting to understand the downside of getting what they wanted. The US media traditionally spends little attention on economic news from the rest of the world, and even President Obama’s current trip to Asia has not generated much coverage of the back story behind his visit – the...
  • Transition to the Information Age Proving Harder Than Expected

    10/27/2009 12:09:52 PM PDT · by Mr. Jeeves · 2 replies · 265+ views ^ | 10/27/2009 | Randal Rayborn
    Hong Kong - a beacon of hope to the American worker? (photo: Randal Rayborn) The pundits told us the great transition from the Industrial Age to Information Age would be easy. Nothing like the wrenching social dislocations of the 1800’s, when people left behind the grinding poverty of rural agrarian life to earn better wages laboring in urban factories. This time, the transition would require nothing more difficult than a bit of retraining. Add a few computer skills to your resume, those pundits assured us, and all the golden rewards of the new Age would rain down upon you....
  • The Stimulus’ “Lagging Indicator” Myth

    09/26/2009 8:43:58 PM PDT · by goods · 5 replies · 453+ views ^ | 9/26/09 | Yossi Gestetner
    Obama and the Dems credit the recent better job market to the Stimulus bill, but defend the-still-week job market by saying that jobs are a “lagging indicator,” it lags the rest of the economy when it comes to improvements, therefore the Stimulus does not yet fully reflect in the job market. The Problem is this: February, the month the stimulus was signed and before any stimulus money was dished out, the economy lost 60,000 jobs less than in January, and in March the economy lost even less jobs than in February. If the “logging indicator” excuse is true, why did...
  • Even in a recession, some companies are hiring

    03/09/2009 5:26:52 PM PDT · by 2ndDivisionVet · 10 replies · 609+ views
    Yahoo! News / The Associated Press ^ | March 9, 2009 | Christopher S. Rugaber, AP Economics Writer
    Help wanted: pharmacists, engineers and nurses. Believe it or not, even some banks are hiring, at least for their technology teams. While the recession has claimed 4.4 million jobs, the economy has created others, many of them for highly trained and specialized professionals. More than 2 million jobs openings now exist across a range of industries, according to government data. Job seekers beware, though. An average of nearly five people are competing for each opening. That's up sharply from a ratio of less than 2-to-1 in December 2007, when the recession was just starting and nearly 4 million openings existed....
  • Unemployment Figures and 2009 Hiring Freeze

    02/08/2009 6:09:49 PM PST · by Crimson Politics · 1 replies · 340+ views
    Crimson Politics ^ | 2/8/09 | Brian Kane
    Unemployment figures keep rising and everyone is wondering what the Democrats are going to do about it. Even though the Democrats who caused the housing crisis via the CRA are mostly at fault. Republicans need to stick together and fight these terrible plans. We also need to hope that Obama will take advise from Republicans on an alternative, our jobs depend on it.
  • The Incredible Shrinking U.S. Job Market: Employment situation likely to go from bad to worse

    02/08/2009 7:16:46 AM PST · by SeekAndFind · 74 replies · 2,490+ views
    Forbes ^ | Feb 8, 2008 | Carl Gutierrez and Maurna Desmond
    U.S. joblessness is at its worst level in decades, and further deterioration is in the cards. The Labor Department reported Friday that 598,000 private sector jobs were lost in January, pushing the unemployment rate to 7.6%, up from 7.2% in December. (See "U.S. Jobs Hemorrhage In '08.") Economists had expected only 540,000 jobs would be eliminated, with an unemployment rate to 7.5%. The amount of Americans out of work will probably grow. The labor market lags behind economic output, and with the U.S. economy widely expected to contract in the first half of the year, the unemployment rate could reach...
  • House Speaker Offers To Trade 'Lazy Missourians' For Mexicans

    02/26/2008 8:03:07 AM PST · by 3AngelaD · 196 replies · 250+ views
    KMBC ^ | Feb. 22, 2008
    JEFFERSON CITY, Mo. -- Missouri House Speaker Rod Jetton on Friday stood behind his offer to trade "lazy Missourians" for hardworking Mexican citizens. Jetton, a Republican from Marble Hill, first made the suggestion earlier this month at a Republican Party gathering in Springfield. He repeated it Thursday when asked about it at The Associated Press and Missouri Press Association Day at the Capitol. "I think there are some lazy Missourians in this state who really don't want to work, and I think there's a lot of hardworking Mexicans who would love to come up here and make a little money...
  • Fed: Trade frictions threaten resilient economy

    08/29/2007 1:25:30 AM PDT · by 2ndDivisionVet · 12 replies · 394+ views
    Reuters ^ | August 25, 2007 | Ros Krasny
    BILOXI, Mississippi (Reuters) - Officials from the Federal Reserve on Saturday warned of dangers from a rising tide of trade disputes and the harmful impact on what one otherwise termed a "resilient" United States economy. Three regional Fed presidents steered clear of current economic or monetary policy topics at a panel discussion on the southern U.S. economy at the Southern Governors' Association conference. The presidents of the St. Louis, Dallas and Atlanta Feds, respectively, mostly focused on the dangers of protectionism and the need for an educated and flexible work force to cope with rising foreign competition. The governors convened...
  • Chinese Graduates Sought After in Russian Job Market

    10/17/2006 6:18:00 PM PDT · by laowai · 4 replies · 226+ views
    PanAsianBiz ^ | 10/17/2006 | Bill Belew
    Chinese students who have gone to Russia have a bright career future due to China-Russia relations. China's 15,000 some students in Russia are the largest group of any Asian nation. And all of them have or will have jobs whether they stay on in Russia or ...
  • The Best Places To Launch A Career

    09/11/2006 8:58:30 PM PDT · by stainlessbanner · 7 replies · 872+ views
    yahoo! ^ | Sep 8, 2006 | Lindsey Gerdes
    Like many other baseball fans, Joe Kosa, 28, is spending his Sunday glued to a TV. But relaxed he's not. Instead, the ESPN (NYSE:DIS - News) production assistant is stationed in front of dozens of flat-screen TVs tuned to global sporting events at the headquarters of the Disney-owned network. He's furiously jotting down notes to weave into a storyline that will be read in 60 seconds flat on tonight's 6 p.m. SportsCenter broadcast. With the San Diego Padres leading the Chicago Cubs 9-0, the outcome is hardly in doubt, and writing the highlights should be easy. Then, Clay Hensley, who...
  • Blue-collar envy: Skilled trades appeal to underemployed Ph.D.

    04/04/2006 9:58:28 AM PDT · by stainlessbanner · 193 replies · 3,720+ views
    Computerworld ^ | APRIL 04, 2006 | Elva Angelique Van Devender
    My husband jokes that I should have been an electrician. In this age of outsourcing and job insecurity, the trades seem to us to be the best professions of the future. To be sure, most aren't glamorous and are often physically demanding. But a number seem to have financial security and stability, and their job portability doesn't hurt, either. Many of us white-collar employees don't get to choose where we will live; we must go wherever our employer requires us. Many folks in the trades can command a good income, choose their own hours, and put down roots in a...
  • Problems for Travel Companies Outsourcing Call Centers to India

    01/16/2006 1:54:28 PM PST · by jb6 · 16 replies · 685+ views
    TMCnet News ^ | January 13, 2006
    Travel Weekly Via Thomson Dialog NewsEdge) The bubble will burst this year for travel companies outsourcing call centres to India, recruitment chiefs have predicted. Problems with language, customer service and call handling are forcing companies to think again about using cheap labour for activities such as sales calls. AA Appointments managing director John Tolmie said: "It makes sense to have back office and ticketing in India if you want low skills and the numbers, but the British public are put off by people trying to sell them something from overseas. You do not get the levels of service you expect....
  • Employers add 215,000 to payrolls

    12/02/2005 5:42:35 AM PST · by NapkinUser · 59 replies · 2,675+ views
    CNBC ^ | 12/02/2005 | Reuters
    WASHINGTON (Reuters) - The U.S. job market sprung back last month from a hurricane-induced slowdown as employers added 215,000 workers to their payrolls, according to a government report on Friday that hewed close to expectations in financial markets. In its monthly report on employment, the Labor Department also said the unemployment rate held steady in November at 5 percent, as expected.
  • Long-Term Jobless Find a Degree Just Isn't Working

    03/10/2005 10:44:32 PM PST · by BurbankKarl · 106 replies · 2,515+ views
    LA Times ^ | 3/10/05 | Nicholas Richardi
    Dan Gillespie never thought he'd have to look so hard for work. When the Seattle-area resident left the Air Force in 1980, he earned a computer science degree and enjoyed 20 years of steady work. He saved enough money to buy his wife's childhood home last year. Three months later, he was laid off. Gillespie, 53, hasn't found a job since. Even the corner store won't hire him. He and his wife sold the house last month. "The computer jobs are gone," he said. "So what's next? We can't all move into gene splicing." Long-term unemployment, defined as joblessness for...
  • Job data should give pause to immigration advocates

    02/23/2005 12:54:41 PM PST · by dzzrtrock · 175 replies · 1,822+ views
    St. Paul Star Tribune ^ | February 20, 2005 | Steven A. Camarota
    The recovery from the recession of 2001 is often described as "jobless." But this is not entirely correct. My analysis of Census Bureau data shows that between March 2000 and 2004, the number of adults working in United States actually increased. What's interesting, however, is that all the net growth in jobs went to immigrant workers. In fact, while the number of unemployed adult native-born workers increased by 2.3 million over this time, the number of employed immigrants rose by 2.3 million. Significantly, about half the growth in immigrant employment was from illegal immigration. ...
  • Career Watch [Job outlook for recent college graduates in information technology]

    09/15/2004 10:04:47 AM PDT · by Mini-14 · 3 replies · 942+ views
    Computerworld ^ | September 13, 2004 | Julia King
    Q&A: Joe RichTitle: Executive vice president Company: Clark Consulting, Marlboro, Mass. What he does: Having just surveyed 37 U.S. IT companies about their college recruiting plans, Rich is lukewarm at best in his optimism about new IT graduates' job prospects in the U.S. high-tech sector. The main reason: Graduate hiring by U.S. high-tech companies this year increased by a mere 1.6% over 2003. What's more, although the total number of new college graduates has increased, most U.S. high-tech companies hired fewer college graduates this year than in 2003. What is the near-term IT employment forecast for recent university graduates? Hiring...
  • Most lucrative college degrees

    08/03/2004 4:49:17 AM PDT · by Dane · 89 replies · 2,332+ views
    CNN/Money ^ | 7/27/04 | Deshundra Jefferson
    ..."This is definitely a transitional year," said Andrea Koncz, a NACE spokesperson. NACE releases its "Salary Survey" quarterly, with the final report for the 2003-2004 recruiting year due in September. Engineering majors are seeing the most cash, led by gains from chemical engineering graduates who now earn $52,819 a year, up 1.9 percent from a year earlier. Computer engineering graduates are following closely behind with $51,572, but that figure represents a 0.3 percent decrease from last year. Those graduating with a degree in computer science are seeing heartier increases. According to NACE, information sciences and systems graduates earn $43,053 a...
  • Back to work for less

    07/30/2004 5:05:51 PM PDT · by Archangelsk · 78 replies · 822+ views
    CNN/Money ^ | July 30, 2004 | N/A
    Survey: 57% who lost full-time jobs 2001-2003 and found full-time work again are earning less. NEW YORK (CNN/Money) - Judging from the latest government data, more than 50 percent of workers who lost or left full-time work between 2001 and 2003 and were lucky enough to have found another full-time job by this year were earning less than they used to. From January 2001 through December 2003, 5.3 million long-tenured workers were displaced from full-time or part-time jobs they had held at least three years, according to a new report released Friday by the U.S. Bureau of Labor Statistics....
  • Economy Producing Mostly Bad Jobs? Not so fast.

    07/09/2004 11:49:14 AM PDT · by .cnI redruM · 14 replies · 759+ views ^ | July 9, 2004 | Not Provided
    A new set of figures from the Bureau of Labor Statistics show HIGHER-paying jobs growing faster. A exclusive. (But there's evidence on both sides). Now that the economy is growing and creating new jobs, John Kerry has been saying that the quality of those jobs is "much lower" than the quality of jobs that have been lost. A recent ad by some Kerry allies even shows a middle-aged man reporting for his new job wearing a paper hat at a seedy-looking burger joint. Well, hold on -- there's strong new evidence to the contrary. A new set of numbers...
  • Jobless Claims Lowest in Nearly 4 Years

    07/08/2004 12:00:45 PM PDT · by BenLurkin · 4 replies · 318+ views
    Whining by Reuters ^ | Thursday July 8, 2:31 pm ET | Nancy Waitz
    WASHINGTON (Reuters) - U.S. jobless claims fell to a nearly four-year low, the government said on Thursday, but the report was skewed by seasonal factors while weak June sales at top retailers may bode ill for consumer spending. First-time claims for state unemployment insurance benefits plunged 39,000 to 310,000 last week, the Labor Department said. It was the lowest level for claims since 302,000 in the week ended Oct. 8, 2000. A Labor Department official said the seasonal adjustment method used to calculate the data had anticipated a surge in claims for automakers' annual summer maintenance closures, but that rise...

    07/08/2004 7:40:11 AM PDT · by KMC1 · 69 replies · 3,158+ views
    WMCA-NY ^ | 7.8.2004
    WASHINGTON DC - Numbers out today continue to point to the evidence that America is enduring one of the strongest economies it has known in the past 20 years. According to Bloomberg, "The number of U.S. workers filing new claims for jobless benefits fell by 39,000 last week to 310,000, the lowest since October 2000, the government said, adding that the numbers may be distorted because of difficulties adjusting for seasonal shutdowns at auto plants. Last week's decrease was the biggest since the week that ended Dec. 8, 2001, the Labor Department said in Washington. The four-week moving average of...
  • How Good Are the New Jobs?

    07/07/2004 8:57:50 AM PDT · by jfreif · 10 replies · 526+ views
    The Heritage Foundation ^ | June 30, 2004 | Tim Kane, Ph.D.
    How Good Are the New Jobs? by Tim Kane, Ph.D. Backgrounder #1773 June 30, 2004 Economic pessimists have changed their tune. After years of trumpeting a "jobless recovery," the skeptics are admitting that America is in the midst of a jobs boom, with 1.4 million new jobs over nine straight months of payroll growth. Now the pessimists insist that the new jobs are no good. But if the jobs being created are not any good, what is? Since January 2001, American incomes have risen by 7.5 percent, wages have risen by 2.4 percent, and the government projects 21 million good...
  • Jobseekers encounter closed doors

    07/07/2004 11:08:42 AM PDT · by Willie Green · 10 replies · 500+ views
    Crain's Chicago Business ^ | July 07, 2004 | Reuters
    U.S. job openings dip in May, new hires fall 5.1% (Reuters) — Fewer U.S. jobs were open in May than the month before and the number of new hires fell 5.1 percent, the Labor Department said Wednesday. However, for the 13th straight month, new hires exceeded the number of people who quit or lost their jobs. Job openings as of the last day of May stood at 3.104 million, down 1 percent from 3.135 million in April, as manufacturing jobs fell and those in major industries remained unchanged.