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Showing posts with label jobs / economy. Show all posts
Showing posts with label jobs / economy. Show all posts

Wednesday, August 25, 2010

Lack of skilled workers threatens recovery: Manpower

From: Yahoo Finance

Lack of skilled workers threatens recovery: Manpower
http://finance.yahoo.com/news/Lack-of-skilled-workers-rb-1457929627.html?x=0



Workers with specialized skills like electricians, carpenters and welders are in critically short supply in many large economies, a shortfall that marks another obstacle to the global economic recovery, a research paper by Manpower Inc (NYSE:MAN - News) concludes.

"It becomes a real choke-point in future economic growth," Manpower Chief Executive Jeff Joerres said. "We believe strongly this is really an issue in the labor market."

The global staffing and employment services company says employers, governments and trade groups need to collaborate on strategic migration policies that can alleviate such worker shortages. Skilled work is usually specific to a given location: the work cannot move, so the workers have to. . . . . .

Thursday, August 12, 2010

Jobs picture dims as unemployment claims rise

From: Yahoo Finance

Jobs picture dims as unemployment claims rise: Jobs picture darkens as new unemployment claims rise to 484K, highest level since February
http://finance.yahoo.com/news/New-claims-for-unemployment-apf-3180551258.html?x=0&.v=1


The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.

It's a sign that hiring remains weak and employers may be going back to cutting their staffs. Analysts say the increase suggests companies won't be adding enough workers in August to lower the 9.5 percent unemployment rate.

First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. That's the highest total since February. Analysts had expected claims to fall. . . . . .

Wednesday, August 11, 2010

Underemployment 28.4% for Ages 18 to 29, 18.4% in all Age Groups - Gallup Poll

From: New Patriot Journal

Underemployment 28.4% for Ages 18 to 29, 18.4% in all Age Groups - Gallup Poll
http://www.newpatriotjournal.com/Articles/Underemployment_28_for_Ages_18_to_29_18_in_all_Age_Groups


A Gallup poll shows underemployment is holding steady at 18.4%, a couple points higher than the BLS number from Friday's jobs report.

Underemployment, as measured by Gallup, was 18.4% in July, essentially unchanged from 18.3% at the end of June and in mid-July. Underemployment peaked at 20.4% in April.

Gallup's underemployment measure includes both Americans who are unemployed and those working part time but wanting full-time work. It is based on more than 17,000 phone interviews with U.S. adults aged 18 and older in the workforce, collected over a 30-day period and reported daily and weekly. Gallup's results are not seasonally adjusted, and tend to be a precursor of government reports by approximately two weeks. . . .

Saturday, August 7, 2010

Snap analysis: July jobs show odd mix of bad news

From: Reuters

Snap analysis: July jobs show odd mix of bad news
http://www.reuters.com/article/idUSTRE6752KD20100806


Friday's employment report provided an odd mix of unpleasant surprises that add another question mark to the pace of economic recovery.

Companies cut back on temporary hires, a segment normally considered a harbinger of future hiring. Government jobs dried up much faster than anticipated and not just because it saw the end of short-term census jobs. . . .

Thursday, August 5, 2010

New claims for jobless benefits rise to 479K

From: Yahoo Finance

New claims for jobless benefits rise to 479K
http://finance.yahoo.com/news/New-claims-for-jobless-apf-3631266616.html?x=0&.v=6


Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.

The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had expected a small drop. Claims have risen twice in the past three weeks.