Unemployment

Summers Predicts Job Growth by Spring

by Erik on December 13, 2009

in Information,Jobs,Markets,Recession,Uncertainty,Unemployment

It should be noted that unemployment “stabilized” in November and if the trend continues, we should see the rebound starting to take place. Lawrence H. Summers, President Obama’s top economic advisor, predicted on Sunday that by the spring the ranks of working Americans will start to grow once again. via Summers Predicts Job Growth by [...]

{ Comments on this entry are closed }

Jobs Report Is Strongest Since the Start of the Recession

by Erik on December 4, 2009

in Jobs,Markets,Uncertainty,Unemployment

In the strongest jobs report since the recession began two years ago, the nation’s employers all but stopped shedding jobs in November, the government reported on Friday, and they appeared to be on the verge of finally rebuilding the work force. photo credit: pfala

{ Comments on this entry are closed }

Teenage Entrepreneurs, Building Their Own Job Engine

by Erik on July 6, 2009

in Economy,Entrepreneurship,Jobs,Recession,Unemployment

Unemployment for 16- to 19-year-olds is at its highest rate since 1992 — at 22.7 percent in May, according to the Bureau of Labor Statistics. That is causing some teenagers to rethink their notion of work and to embrace entrepreneurship. “This is a generation raised to believe they can do anything, and the first to [...]

{ Comments on this entry are closed }

Say Hello to Underachieving

by Erik on July 5, 2009

in Economy,Education,Uncertainty,Unemployment

There may be reason for concern. Students who enter the job market during a recession can see their wages lag behind comparable students who graduated in better times for as long as 15 years, according to a recent study by Lisa B. Kahn, an economist at the Yale School of Management. [via NY Times]

{ Comments on this entry are closed }

Weekly Round Up

by Erik on July 3, 2009

in Alternative Energy,Asia,Business Logic,Economy,Green Tech,IBM,Jobs,Markets,New Tech,Obama,Recession,Technology,Unemployment,Weekly Roundup

For Modest Earners, Relief Repaying Student Loans – Repaying a student loan could soon be a little less painful. Starting this week, anyone with a federal student loan can apply for a program, run by the Department of Education, that caps monthly payments based on income, and forgives remaining balances after 25 years. Those choosing [...]

{ Comments on this entry are closed }

Weekly Roundup

by Erik on June 20, 2009

in Economy,New Tech,Recession,Technology,Unemployment,Weekly Roundup

Opening Day: The iPhone 3G S – Hollywood has its red-carpet premieres. The NFL has the opening kickoff celebration. For technology fans, Apple’s rollout of its latest devices are as good as it gets. Tech Recruiting Clashes With Immigration Rules – Half of the engineers working in Silicon Valley were born overseas. Tech Payoff for [...]

{ Comments on this entry are closed }

Less than one job opening for every five job seekers

by Erik on June 17, 2009

in Economy,Recession,Unemployment

At the start of the recession in December 2007, there were 4.4 million job openings, but that number has declined dramatically. This morning’s data release by the Bureau of Labor Statistics shows that in April job openings declined 102,000 to 2.5 million, a drop of over 42% since the start of the recession. Although employment [...]

{ Comments on this entry are closed }

The Less Educated Take the Worst Hit

by Erik on June 10, 2009

in Education,Unemployment

The recession has led to steep job losses across the U.S. work force, but less-educated people have been hit particularly hard. The unemployment rate for workers over 25 years old who haven’t gone beyond high school rose to 10% in May, nearly doubling from 5.2% a year earlier, the government said Friday. Among workers who [...]

{ Comments on this entry are closed }