State wins green jobs training grant Nov 19, 2009
State labor market information improvement grants totaling $48. 8 million that will help connect job seekers with clean industry industries after completing job training. (South Florida Business Journal, FL)
Leading Economic Index in U.S. Probably Rose for Seventh Month in October Nov 19, 2009
Bernanke also said that significant economic challenges remain due to a weak labor market and reduced bank lending. Treasury Secretary yesterday urged to boost lending to small business and consumers who still face very challenging credit conditions and rising unemployment. (Bloomberg -- US)
Prison points of view Nov 19, 2009
I had my doubts about the labor market being an asset, but I have had a complete turn around on all the issues. Suverkrup said the change in his feelings was based on established and documented facts, first-hand observations, and answers to difficult and relevant questions. (Wickenburg Sun, AZ)
Obama predicts renewed US growth in fourth quarter Nov 19, 2009
The weak job market is an area "of great concern," the Fed Chairman said in remarks to the Economic Club of New York, adding that the "best thing we can say about the labor market right now is that it may be getting worse more slowly.". - AFP/vm. (Channelnewsasia.com)
Canadian Dollar Touches Lowest in a Week as Investors' Risk Appetite Ebbs Nov 18, 2009
The U.S. economy will expand at a reasonable pace next year, even with a weak labor market, Lacker said. This is going to keep the market on its toes with regard to U.S. dollar positioning, said CanadianForexs Curran. (Bloomberg -- Canada)
City Council proposes legislation for wage floor Nov 18, 2009
After all, prevailing wages are a reflection of the labor market, he said. "If you're going to give someone millions of dollars, then asking them to uphold higher standards is fair, in return for the handout," he said. (Pittsburgh Post-Gazette, PA)
College labor market hits bottom Nov 18, 2009
MSU report: College labor market has hit bottom. Article:MSU report: College labor market has hit bottom:/n/a/2009/11/17/financial/f070504S96 ... DTL Article:MSU report: College labor market has hit bottom:/n/a/2009/11/17/financial/f070504S96. (San Francisco Chronicle -- Business)
* Academics call for more transparency in labor measures Nov 17, 2009
However, workers still feel vulnerable to drastic changes in the economy, while businesses complain about over-regulation of the labor market, he said. This contradictory image of the labor market in Taiwan is a major disadvantage in attracting foreign investment into the country, he said. (Taipei Times, Taiwan -- World)
Asian stocks retreat on Bernanke views Nov 17, 2009
Bernanke said yesterday economic ''headwinds'' of reduced bank lending and a weak labor market will probably restrain the pace of the US economic recovery, warranting continued low borrowing costs. The MSCI Asia Pacific Index has lost 1. (Sydney Morning Herald -- Business)
Bernanke: uncertainty in economic recovery Nov 17, 2009
"The best thing we can say about the labor market right now is that it may be getting worse more slowly," said Bernanke. Declines in payroll employment over the past four months have averaged about 220,000 per month, compared with 560,000 per month over the first half of this year. (Xinhuanet, China)
Asia Stocks, Commodities Fall as Bernanke Says Economy Faces `Headwinds' Nov 17, 2009
The U.S. economic recovery will be restrained by the headwinds of reduced bank lending and a weak labor market, and future setbacks are possible, Bernanke said in a speech to the Economic Club of New York yesterday. of developed and emerging markets has climbed 72 percent from this years low to trade at 30 times the earnings of its companies, the most since January. (Bloomberg -- Asia)
READ: Bernanke's speech Nov 17, 2009
The best thing we can say about the labor market right now is that it may be getting worse more slowly ... Given this weakness in the labor market, a natural question is whether we might be in for a so-called jobless recovery, in which output is growing but employment fails to increase ... The Youth Labor Market Problem: Its Nature, Causes, and Consequences (Chicago: National Bureau of Economic Research and University of Chicago Press), pp. (USA Today -- Money)
Australia's Central Bank Says Pace of Rate Gains Remains `Open Question' Nov 17, 2009
Fed Chairman said yesterday that economic headwinds of reduced bank lending and a weak labor market will probably restrain the pace of a U.S. economic recovery, warranting continued low borrowing costs. Its very much a case of the Reserve Bank versus the Fed, said , a senior economist at ICAP Australia Ltd. in Sydney. (Bloomberg -- Australia & New Zealand)
Bernanke Signals `Extended Period' May Be Even Longer as Joblessness Rises Nov 17, 2009
Nov. 17 (Bloomberg) -- Federal Reserve Chairman diagnosis of a weak U.S. economy and labor market signaled that the central banks extended period of low borrowing costs may get even longer ... The labor market is an area of great concern, Bernanke, 55, a former Princeton University economics professor, told financial executives in Manhattan at a luncheon hosted by the Economic Club of New York. (Bloomberg -- US)
Bernanke sees sustained US growth despite 'headwinds' Nov 17, 2009
" He said the weak job market is an area "of great concern" with the unemployment rate having officially hit 10.2 percent in October. This will make it hard to generate income and spending to sustain a recovery, he noted. "The best thing we can say about the labor market right now is that it may be getting worse more slowly," he said. He said he sees employment slowly growing again but added that "a number of factors suggest that employment gains may be modest during the early stages of the... (Channelnewsasia.com)
Autos drive 1.4% rise in US retail sales Nov 17, 2009
4% rise in US retail sales. 4% rise in US retail sales Posted: 17 November 2009 0203 hrs. (Channelnewsasia.com)
Retail sales rebound in Oct., beating forecast Nov 17, 2009
Yesterday, Ben S. Bernanke, chairman of the Federal Reserve, said headwinds of reduced credit and a weak labor market will probably restrain the recovery ... Given the backdrop of the labor market, this is actually as good as one can hope for. (Boston Globe)
6 double-dip recession warning signs Nov 16, 2009
These concerns have some economists calling for yet another round of economic stimulus early next year to try to jump start the still struggling labor market. The fear is that if the economy heads into another downturn, the Federal Reserve and Congress will have few, if any, tools left to address the new problems. (CNN -- Money)
Japan extra stimulus likely, GDP fails to convince Nov 16, 2009
Subsidies and tax breaks enacted by the previous government helped private consumption, but the pace of the rise was slower than the quarter before and an expected fall in year-end bonuses and a soft labor market mean households will have less to spend. "With weakness ahead in private consumption or public spending, a slowdown is unavoidable in the January-March and April-June quarters," said Kyohei Morita, chief economist at Barclays Capital in Tokyo. (Yahoo News -- Press Releases)
Vets, jobs: challenges in a tough labor market Nov 16, 2009
The experience of veterans now parallels the larger labor market: Joblessness is worse among younger workers, especially those with little education or like Redford certain skills. Across the United States, roughly 958,000 veterans are out of work and searching for a job, most of them older than 34, according to the U.S. Bureau of Labor Statistics. (Atlanta Journal-Constitution -- Metro)
Flattery will get you somewhere Nov 15, 2009
Pager, D. et al., Discrimination in a Low-Wage Labor Market: A Field Experiment, American Sociological Review (October 2009). Drinking and testing With so much high-stakes testing in school these days, any little edge can be important. (Boston Globe)
Smart path to economic recovery - invest in skills Nov 15, 2009
Investments we make now - in training laid-off workers, workers in low-wage jobs, and young adults just entering the labor market, re-skilling the workforce for a changing economy - mean more Californians earning high wages, supporting their families and contributing to our state's long-term growth. We are calling for a new vision for how we invest our resources in California's workforce. (San Francisco Chronicle -- Opinion)
Hatoyama Says `Worrisome' Japanese Economy Probably Warrants Extra Budget Nov 15, 2009
The frozen funds should be used on things that can benefit households and improve the labor market, Kan told reporters in Tokyo this week. Only 2. (Bloomberg -- Japan)
Downturn isn’t over yet for Bay State Nov 15, 2009
The steep job losses in September suggest that employment data reported over the summer may have underestimated the weakness of the labor market, analysts said. Monthly state employment figures are estimates based on a survey of businesses. (Boston Globe)
S&P Faces 1,100, Searches for Catalyst Nov 14, 2009
Investors are trying to strike a balance between improved corporate outlooks and the consumer's slow recovery due to a weak labor market. "We've seen a pullback in buying, but there's not really any conviction from the sellers either," said Jeff Kleintop, chief market strategist at LPL Financial in Boston. (ABC News -- Wire)
Viewpoints: U.S. should follow Germany's example to preserve jobs Nov 14, 2009
And in normal times there's something to be said for American-style "free to lose" labor markets, in which employers can fire workers at will but also face few barriers to hiring ... Workers who have been out of a job for too long often find it hard to get back into the labor market even when conditions improve. (Sacramento Bee -- Opinion)
New 'help wanted' sign Nov 14, 2009
The summit will bring together small business owners, corporate executives, economists, financial experts and union leaders to discuss ideas for accelerating job creation amid the worst labor market conditions in a generation, Obama said Thursday. "We all know there are limits to what government can and should do even during such difficult times," Obama said at the White House before leaving on a nine-day trip to Asia. (Albany Times Union)
Workers may jump ship as economy improves Nov 14, 2009
Right now this might not seem like a problem because tightened labor markets discourage employees from quitting their jobs. However, recent evidence suggests that the economy is recovering, and economists predict that the labor market lags the broader economy by six to nine months ... With recovery comes increased job opportunity that will lure disengaged employees into the labor market. (MSNBC -- Business)
Wall Street slips on 'rally fatigue' Nov 13, 2009
The market showed little reaction to news that weekly US jobless claims fell for a second straight week, suggesting modest improvement in the troubled labor market. The seasonally adjusted number of new unemployment claims in the week ending November 7 fell to 502,000, a drop of 12,000 from the previous week's revised figure, the Labor Department said. (India Times)
Household Sentiment Stalls as Dwindling Pay Discourages Japan Consumers Nov 13, 2009
The government will closely watch whether the improvement in the economy will spread to consumers and the labor market, he said. Some reports support Nodas view. (Bloomberg -- Japan)
The Signs Say: Job Growth Ahead Nov 13, 2009
More important, given current labor market conditions, economists at JPMorgan Chase () say a level of claims close to 500,000 per week is consistent with stable payrolls, a threshold likely to be reached in coming weeks ... And if recent upbeat signs from the labor markets are right, income growth should pick up in coming months. (BusinessWeek)
Mexico Border City Wants U.N. Peacekeepers Nov 13, 2009
This is what we did with NAFTA, made a slave labor market appear out of essentially nothing, placed it right on our borders to build us our stuff for way less money than Americans would get to do the same job. Capitalism is a wonderful thing. (CBS News)
Oil slips further on US stockpiles Nov 13, 2009
The number of US workers filing new claims for jobless benefits last week fell to the lowest level since January, the government said on Thursday, showing the hard-hit labor market may be slowly improving. Reuters. (Sydney Morning Herald -- Business)
Rate of Islanders seeking job opportunities surges Nov 13, 2009
"Perhaps the official unemployment numbers are not fully capturing how much this recession is affecting Hawai'i's labor markets and workers," said Andrew Kato, a former Bureau of Labor Statistics economist who is now a specialist with the University of Hawai'i Economic Research Organization ... The Bureau of Labor Statistics, in an effort to gain more perspectives of the labor market performance, produces six measures of labor utilization ... "If you look at the U-6 number, you would say we're... (Honolulu Advertiser)
Australia's October Employment Unexpectedly Rises 24,500; Currency Gains Nov 12, 2009
While employment growth is expected to be subdued over the next couple of quarters, before accelerating in 2010, the outlook for the labor market has improved since the banks August policy statement, it said on Nov. 6. It didnt provide specific forecasts for the jobless rate. (Bloomberg -- Australia & New Zealand)
‘Depression-level’ joblessness hits Glades Nov 12, 2009
The labor market, beyond sugar, is nothing, Harvey said. It is still a giant plantation here. (The Palm Beach Post)
Experts believe US unemployment rate could rise further Nov 12, 2009
The United States is seeing little job creation and the economy needs 100,000 jobs per month just to keep pace with new entrants to the labor market, he said. Lawrence Mishel, president of Economic Policy Institute, said the consequences of such high job losses were devastating for workers and their families. (Xinhuanet, China)
Paris Youths Squat in Mansion to Protest Against Record Unemployment Level Nov 12, 2009
Young people are the shock absorbers of the French labor market, said , an economist and labor market specialist at. They are hit the hardest in times of crisis and they take the longest to recover. (Bloomberg -- UK)
Rape and the Plight of the Female Migrant Worker Nov 12, 2009
While globalization has turned much of the world into a wide-open labor market, it has also created complex human and societal dramas. Women account for up to 50% of the world's 100 million-strong migrant worker population and there is no effective entity to protect their rights and dignity. (Time.com)
AmBev Profit Rises 5.8% as Brazilian Beer Market Share Gains, Prices Climb Nov 12, 2009
Brazils labor market has recovered from the global recession, said , an analyst at Link Investimentos in Sao Paulo. Job creation and salary increases helped boost beer sales, Cintra said. (Bloomberg -- Latin America)
Durham passes Raleigh on Best Cities list Nov 12, 2009
One of the nation s highest concentrations of high-tech industry helped to vault Durham up from its No. 21 ranking last year and past Raleigh-Cary, which slipped from the No. 2 spot due to a relatively weak labor market ... 75 percent contraction of its labor market. (Triangle Business Journal)
How the job market depends on the stock market Nov 12, 2009
If you've been listening to the current rhetoric about the labor markets, you've been hearing a different story ... So, would it be better for the labor market if stock prices suddenly dropped ... If you've been listening to the current rhetoric about the labor markets, you've been hearing a different story. (New York Post -- News)
Economists Forecast For 2010 Looks Better, Relative To This Year Nov 11, 2009
" Today's forecast said that the national labor market will lag behind output and unemployment will peak above 10 percent. Payrolls should add nearly 2 million jobs by year's end. Inflation will remain low through 2010 due to cautious consumer spending and continued high unemployment. In Indiana, real personal income will grow about 2 percent higher than in 2009. This will be due partly to some improvement in state employment, Conover said. "We have been hit harder than the rest of the nation in... (Science Daily)
Why Sexism Kills Nov 11, 2009
How sexism affects health: "Because they are less likely to be part of the formal labor market, women lack access to job security and the benefits of social protection, including access to health care. Within the formal workforce, women often face challenges related to their lower status, suffer discrimination and sexual harassment, and have to balance the demands of paid work and work at home, giving rise to work-related fatigue, infections, mental ill-health and other problems.". 4. (Time.com)
Good news, bad news, on jobless rate Nov 11, 2009
Onion packing and other ag-related wholesale trade businesses are the main bright spot in the local labor market ... The labor market is still weakening, Yohannan said, noting the national figures. (Ontario Argus Observer, OR)
Editorial: Learn from history in revamping mall Nov 11, 2009
They saw a labor market that supplied the canneries, farms and factories with hundreds of workers. Despite a strong push from local politicians, the business community and the city's two daily newspapers, Sacramento voters defeated Proposition B in 1956, a ballot measure that authorized the city to borrow money to begin demolition. (Sacramento Bee -- Opinion)
Outlook darkens on Mass. job picture in ’10 Nov 11, 2009
Job fairs will remain popular attractions with the state forecast to lose more than 60,000 additional jobs before the labor market hits bottom ... The forecast, released at the partnership s semiannual conference in Boston yesterday, projected that the state would lose more than 60,000 additional jobs before the labor market hits bottom in the third quarter of 2010. (Boston Globe)
Canada Economy Slow to Recover as Shoppers Cling to Old Fridges, `Beaters' Nov 11, 2009
Flaherty didnt wait for the jobs report to warn Canadians the labor market wont return to normal for some time. We need to have a clear entrenched economic recovery and then the job numbers will have to catch up with that as businesses start to reinvest, he told reporters Nov. 5. (Bloomberg -- Canada)
D.C. launches work force program Nov 10, 2009
The program will help young people develop the direction and skills needed to compete in today s labor market. More than 25 local employers teamed up with the Department of Employment Services on the initiative, which starts Monday and ends March 31. (Washington Business Journal, DC)
Obama marks win, but challenges mount Nov 10, 2009
But he acknowledged that full recovery, especially in the labor market, will continue to be a slog. His comments came even as the president was forced into another grim role: being the country's mourner in chief. (MSNBC -- Politics)
Growth in U.S. Will Be Driven by Factories as Spending Cools, Survey Shows Nov 10, 2009
The labor market is moving toward stabilization, but its got a long ways to go, said , chief economist at Nomura Securities International Inc. in New York. Prospects for growth have improved, but this is not going to be a recovery thats going to make anyone feel good. (Bloomberg -- US)
Recovery Looks Like `L' Without Job Growth: David Blanchflower Nov 10, 2009
The evidence then is that, if anything the labor market has been a leading, rather than a lagging, indicator on the way into this recession. On the way up, I am also looking for some early signs of recovery in the U.S. labor market, but to this point there are few ... There is also little sign that labor markets are improving in Europe other than from government stimulus. (Bloomberg -- Columnists)
Don't obsess with jobless stats Nov 10, 2009
Paul Meany of San Francisco has a good question about unemployment statistics that illustrates why, if you want to know what's going on in the labor market, you can't fixate on one number or headline ... Paulsen admits that the labor market today is grim ... On jobless stats, don't focus on one number Articles Paul Meany of San Francisco has a good question about unemployment statistics that illustrates why, if you want to know what's going on in the labor market, you can't fixate on one number... (San Francisco Chronicle -- Business)
Asian Markets Track US Higher After Jobs Report Nov 9, 2009
Now that Asian investors have digested the U.S. labor market data, their focus will likely shift back to mainland China, Yip said. Several key economic indicators are due out this week, including retail sales, industrial output and the consumer price index. (ABC News -- Business)
Investors Look to Consumer for Clues to Recovery Nov 9, 2009
While the government said unemployment has risen above 10 percent for the first time since 1983, the market managed a modest advance as investors theorized that the weak labor market would mean the Federal Reserve will keep interest rates low for some time. The major stock indexes ended the week a gain of 3 percent. (ABC News -- Wire)
September unemployment rate creeps up (2) Nov 8, 2009
In the Syracuse metro area, which includes Oswego County, over the year, between September 2008 and September 2009, the only job gainer in the Syracuse metro area was educational and health services, said Kevin Jack, statewide labor market analyst for the NYSDL. And that was a gain of 500 (jobs) ... In recent months, labor market analysts have contributed job growth to seasonal jobs, which increase during the summer months. (Oswego Palladium-Times, NY)
* EDITORIAL : Delicate economic balance needed Nov 8, 2009
An economic recovery usually first sees domestic productivity rise and exports grow, with improvements in the labor market coming later. The challenge for the government now is to maintain a delicate balance of growth in these key areas to avert a double-dip recession or a W-shaped recovery in the months ahead. (Taipei Times, Taiwan -- Sports)
Nation's unemployment rate at 10.2% in October Nov 8, 2009
The report also reveals the hidden weakness in the labor market. Underemployed. (San Francisco Chronicle)
Wall Street shakes off weak jobs data Nov 8, 2009
New York - Wall Street stocks wobbled before ending with slender gains Friday as investors shrugged off a disappointing US labor market report to end a strong week on an upbeat note. The Dow Jones Industrial Average edged up 17. (Business Report, South Africa)
10.2% jobless rate signals slow rally Nov 8, 2009
"This is the worst labor market most of us have ever seen," said Scott Anderson, senior economist at Wells Fargo. The weak numbers confront the Obama administration with a difficult situation. (Honolulu Advertiser)
October Data Point the Way to a 'Jobless Recovery' Nov 8, 2009
Our concern is that, unlike the last recovery, with credit still tight households aren't going to be able to smooth their consumption using credit until the labor market eventually strengthens. Marc Chandler, Brown Brothers Harriman. (BusinessWeek)
* Gravity-defying rally on Wall Street finds new life Nov 8, 2009
The markets were able to shake off a disappointing report on the US labor market that sparked renewed doubts about the economic recovery ... The market rallied for most of the week in anticipation of Fridays labor market report, which turned out to be a disappointment. (Taipei Times, Taiwan -- Sports)
RBA Says Australia's Economy to Grow Faster Than Forecast, Rate Will Rise Nov 7, 2009
Reserve Bank Deputy Governor told a conference in Perth today that Australia faces an extended period of prosperity in the years ahead, driven by foreign investment in mining, that will put strain on the countrys housing and labor markets ... While employment growth is expected to be subdued over the next couple of quarters, before accelerating in 2010, the outlook for the labor market has improved since the banks August policy statement. (Bloomberg -- Australia & New Zealand)
Churches introduce job-seekers Nov 7, 2009
And in a time of widespread layoffs, anemic hiring and the worst labor market in decades, some of the most active Atlanta networks are faith-based. Combining religious values and the techniques of staffing companies offers both assistance and reassurance, said Peter Bourke, founder of the C3G for Christ-centered career groups at North Point Community Church in Alpharetta. (Atlanta Journal-Constitution -- Business)
President Obama calls jump in unemployment rate 'sobering' Nov 7, 2009
Todays employment report contained both signs of hope for recovery and painful evidence of continued labor market weakness," she said. "Importantly, employment in temporary help services, typically one of the first industries to see job gains, increased by 33,700 ... "Rep. Carolyn Maloney (D-N.Y.) said lawmakers will likely need to take further steps to shore up the economy."The road to a labor market recovery will be long and it won't be easy," she said.Other Democrats used the numbers to... (TheHill.com)
