Archive

Archive for the ‘Employment’ Category

A Closer Look at Unemployment

Saturday, May 24th, 2014 Leave a comment

From The Big Picture:

The states with the highest unemployment rate are Nevada (8 percent) and Rhode Island (8.3 percent). Nevada was hit especially hard by the housing collapse and Rhode Island has been fighting a loss of manufacturing industries, fishing and tourism woes, high taxes and a state government some observers have described as corrupt. Illinois comes in third (7.9 percent) — its deficit issues and pension headaches are well known — and California is fourth (7.8 percent).

 

TBP_National Unemployment

Source: BLS

Unemployment Benefits for 2.1 Million Workers Set to Expire Early Next Year

Thursday, November 7th, 2013 Leave a comment

On Dec. 31, 2013, the federally funded Emergency Unemployment Compensation (EUC) program is slated to expire. According to a report  from the National Employment Law Project, approximately 1.3 million jobless workers will lose their benefits immediately at the start of 2014. Another 850,000 workers will exhaust their regular unemployment insurance in March and won’t be able to take advantage of the expanded benefits.

WAPO_jobless-benefits

 

Source: Wonkblog

Global Long-Term Unemployment Seen Increasing

Thursday, October 24th, 2013 Leave a comment

Here is a chart from The Economist that highlights the bleak outlook of global long-term unemployment. In particular, more than a third of unemployed people in rich countries have been out of work for over a year. What’s more is since the financial crisis began, the number of long-term unemployed people has doubled to almost 17 million, according to data from the OECD, a think-tank.

 

Economist_longterm unemployment

Source: Economist

State Unemployment Rate: Current Rate and Max for 2007 Recession [Chart]

Wednesday, September 25th, 2013 Leave a comment

Here’s a look at every state’s unemployment rate, and how those rates compare to the state’s worst level during the recession (Hat tip Calculated Risk).

 

BI_stateaug2013

 

Source: Business Insider

M.B.A. Applications Rebound

Tuesday, September 24th, 2013 Leave a comment

We’ve all heard or read about the less than spectacular job prospects for law and business school grads over the last few years. But the tide might be turning around, at least for those choosing the M.B.A. route. According to new data from the Graduate Management Admission Council, the median number of applications for full-time, two-year M.B.A.s rose by nearly 12% for the class that started this year.

Here is a sampling of application volume for full-time, two-year M.B.A. programs:

Application volume for a sampling of full-time, two-year M.B.A.s

Number of applications, 2012 Number of applications, 2013 % change 2012-2013
Olin Business School, Washington University in St. Louis 1,289 1,404 8.9%
Columbia Business School 5,409 5,765 6.6%
Johnson Graduate School of Management, Cornell University 2,094 2,343 11.9%
Harvard Business School 8,963 9,315 3.9%
Anderson School of Management, University of California, Los Angeles 3,335 3,124 -6.3%
Stanford Graduate School of Business 6,716 7,108 5.8%
Fuqua School of Business, Duke University 3,161 3,150 -0.35%
Fisher College of Business, Ohio State University 515 639 24%
University of Pennsylvania, Wharton School 6,409 6,036 -5.8%
Krannert School of Management, Purdue University 556 576 3.6%

Source: The schools

 

Source: WSJ

Some States Face Long Climb Back to Payroll Peaks

Saturday, September 21st, 2013 Leave a comment

According to The Wall Street Journal, citing economists, one-fifth of U.S. states won’t return to pre-recession employment levels until 2016 or later.

Michigan, Rhode Island, and Nevada likely won’t return to peak employment until 2018 (more than one decade since the Great Recession began).

WSJ_employment peaks

 

Source: WSJ

 

What Employers Look For In Your Online Profiles [Infographic]

Thursday, September 19th, 2013 Leave a comment

Mashable_Best-Social-Network-Job

 

Source: Mashable

Job Growth Slowed in March: Only 88k Jobs Added

Saturday, April 6th, 2013 Leave a comment

After the US Labor market started the year off strong, only 88,000 jobs were created last month, according to Friday’s job report. The Wall Street Journal notes that the number of jobs created last month was the lowest in any month in almost a year. Despite March’s stumble, the unemployment rate dropped to a four-year low of 7.6%. However, the decline was prompted by nearly a half-million workers leaving the job market, not job growth.

According to analysts, potential factors for the sharp drop in jobs include “budget turmoil in Washington and unseasonably cold weather in parts of the country.” Additionally, some economists believe that the sequester’s effect is likely to influence the recovery in the second and third quarters of 2013.

Here are some charts to help put the weak job’s report in perspective:

WSJ_jobs_P1-BK985_ECONOM_G_20130405170904

WSJ_jobs2_P1-BK986_ECONOM_G_20130405174505

Source: WSJ

Income Shifting to Businesses

Tuesday, March 5th, 2013 Leave a comment

From the New York Times:

“So far in this recovery, corporations have captured an unusually high share of the income gains,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch. “The U.S. corporate sector is in a lot better health than the overall economy. And until we get a full recovery in the labor market, this will persist.”

The result has been a golden age for corporate profits, especially among multinational giants that are also benefiting from faster growth in emerging economies like China and India.

NYTimes-econ-graph-popup

Yahoo’s Mayer Tells Employees to Come Into the Office

Saturday, March 2nd, 2013 1 comment

By now, most of you have heard about Yahoo’s Marissa Mayer’s internal memo that will require all employees to come into the office unless they have a good excuse by June. Her bold move has drawn a lot of attention to say the least. Despite being the first woman to become CEO of a fortune 500 company while pregnant, Mayer is receiving vocal criticism from not only other women, but also from those who think a company’s workers know where and how they perform best.

That said, it is no secret that some things at Yahoo probably needed to change. According to The Economist, Google’s workers each generate $931,657 revenue, 160% more than the $353,657 produced by each of Yahoo’s employees. Given Mayer’s goal of seeking more value from her employees, is her decision to make workers come into the office really that bad?

Economist_20130302_LDD001_0

Source: The Economist

See also: Mommy Bloggers Are Tearing Apart Marissa Mayer (Business Insider)