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Keyword: jobmarket

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  • Record 95,102,000 Americans Not Participating in Labor Force: Most Want Full-Time Jobs

    01/06/2017 1:15:24 PM PST · by SeekAndFind · 21 replies
    Washington Free Beacon ^ | 01/06/2017 | Ali Meyer
    The number of Americans not participating in the labor force hit a record 95,102,000 in December 2016, according to the latest numbers released by the Bureau of Labor Statistics. Last month, the number exceeded 95 million for the first time, with 95,084,000 Americans not participating. The bureau counts those not in the labor force as people who do not have a job and did not actively seek one in the past four weeks. The labor force participation rate, which is the percentage of the population that has a job or actively looked for one in the past month, increased from...
  • Maps: Dramatic Growth of Immigrant Population at County Level

    09/12/2016 3:37:48 PM PDT · by spintreebob · 22 replies
    center for immigration studies ^ | 9-12-2016 | Marguerite Telford
    Maps by Center for Immigration Studies based on Census shows detailed information on immigrants (legal and illegal) at county level 1990-2014. The analysis focuses on adults. Adults directly affect job market, politics and potential voters, they reshape the culture. In 1990 immigrants were at least 20% of adultsin 44 counties, by 2014 they were 20% in 152 counties. In 1990, only 1 in 8 Americans lived in a county at least 20% adult immigrants, by 2014 nearly 1 in 3 Americans. Since 1990 immigrant share of adults more than quadrupled in 232 counties. By county In GA: Stewart <1 to...
  • 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 Dark-Bid.com ^ | 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
    (CNSNews.com) - 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...