US Jobless Claims Rise
VOA - Thursday, December 1st, 2011
The number of people signing up for unemployment compensation rose slightly last week in the United States, a sign that the labor market remains troubled.
Thursday’s report from the Labor Department says new jobless claims rose 6,000 to a nationwide total of 402,000.
On Friday, government experts will publish the latest unemployment data, which is expected to show that the unemployment rate stayed at 9 percent.
Economists surveyed by news agencies also predict that the economy will have a net gain of 150,000 jobs in November, which is just slightly above the number needed to accommodate new entrants to the work force.
Showing posts with label Jobs. Show all posts
Showing posts with label Jobs. Show all posts
2011-12-01
2011-10-25
Rent-A-Grandma - Hiring Older Workers News
Rent-A-Grandma Focuses on Hiring Older Workers
VOA - Elizabeth Lee | Los Angeles
October 21, 2011
As the United States struggles with a high unemployment rate, many older Americans looking for work say it is especially difficult for them to find employment because of their age. According to the U.S. Bureau of Labor Statistics, it takes unemployed people who are 55 and older longer to find work than younger people. But one company, recently started by a former teacher, is looking specifically for older female employees.
Finding child care can be stressful for many parents who do not have trusted relatives, especially grandmothers close by to help.
Anna Marie Caldwell did the next best thing. She rented a grandmother to care for her three girls when she is not home.
“She was part of the family; she was helping out cooking, cleaning; helping with homework; playing with the kids,” explained Caldwell.
She found Jane Mertes through Rent-A-Grandma.
VOA - Elizabeth Lee | Los Angeles
October 21, 2011
As the United States struggles with a high unemployment rate, many older Americans looking for work say it is especially difficult for them to find employment because of their age. According to the U.S. Bureau of Labor Statistics, it takes unemployed people who are 55 and older longer to find work than younger people. But one company, recently started by a former teacher, is looking specifically for older female employees.
Finding child care can be stressful for many parents who do not have trusted relatives, especially grandmothers close by to help.
Anna Marie Caldwell did the next best thing. She rented a grandmother to care for her three girls when she is not home.
“She was part of the family; she was helping out cooking, cleaning; helping with homework; playing with the kids,” explained Caldwell.
She found Jane Mertes through Rent-A-Grandma.
2011-05-06
More Jobs Than Expected
US Adds More Jobs Than Expected
President Barack Obama says the U.S. economy is recovering, after the nation added more jobs than expected in April.
The government jobs report released Friday shows a net gain of 244,000 jobs in the United States last month, better than economists had predicted.
President Obama told factory workers in Indianapolis, Indiana the U.S. private sector has gained jobs every month for more than a year.
"That means over the last 14 months -- in just a little bit over a year -- we have added more than two million jobs in the private sector," the president said.
The unemployment rate edged higher, from 8.8 percent in March to 9.0 percent in April, largely because people who had given up looking for work were resuming their job search.
The president said the economy is moving in the right direction, despite what he called strong headwinds such as rising gasoline prices.
"We have got high gas prices that have been eating away at your paychecks, and that is a headwind that we have got to confront," he said. "You have got the earthquake in Japan that has had an effect on manufacturing here."
Mr. Obama said there will always be ups and downs as the country comes out of a recession, but he said he remains encouraged about America’s economic future.
"But the fact is that we are still making progress. And that proves how resilient the American economy is, and how resilient the American worker is, and that we can take a hit and we can keep on going forward. That is exactly what we are doing," he said.
Not counting job cuts by local, state and federal governments, the U.S. economy generated 268,000 new jobs in April, the most since February 2006.
It was the third straight month that more than 200,000 jobs were created. And the job gains in February and March were revised upward.
However, 13.7 million Americans were still out of work last month, almost double the number in 2007, before the recession started.
Overall, though, the jobs figures indicate that businesses are confident in the economy and willing to hire, despite slow growth early in the year and the steep rise in energy costs.
The government jobs report released Friday shows a net gain of 244,000 jobs in the United States last month, better than economists had predicted.
President Obama told factory workers in Indianapolis, Indiana the U.S. private sector has gained jobs every month for more than a year.
"That means over the last 14 months -- in just a little bit over a year -- we have added more than two million jobs in the private sector," the president said.
The unemployment rate edged higher, from 8.8 percent in March to 9.0 percent in April, largely because people who had given up looking for work were resuming their job search.
The president said the economy is moving in the right direction, despite what he called strong headwinds such as rising gasoline prices.
"We have got high gas prices that have been eating away at your paychecks, and that is a headwind that we have got to confront," he said. "You have got the earthquake in Japan that has had an effect on manufacturing here."
Mr. Obama said there will always be ups and downs as the country comes out of a recession, but he said he remains encouraged about America’s economic future.
"But the fact is that we are still making progress. And that proves how resilient the American economy is, and how resilient the American worker is, and that we can take a hit and we can keep on going forward. That is exactly what we are doing," he said.
Not counting job cuts by local, state and federal governments, the U.S. economy generated 268,000 new jobs in April, the most since February 2006.
It was the third straight month that more than 200,000 jobs were created. And the job gains in February and March were revised upward.
However, 13.7 million Americans were still out of work last month, almost double the number in 2007, before the recession started.
Overall, though, the jobs figures indicate that businesses are confident in the economy and willing to hire, despite slow growth early in the year and the steep rise in energy costs.
US Adds More Jobs Than Expected
Article from VOAWhy do you love your job?
2011-04-07
US Government Shutdown - What if the U.S. government shuts down for lack of funding?
![Government Jobs in America: [2011] Jobs in U.S. States & Cities and U.S. Federal Agencies with Job Titles, Salaries & Pension Estimates - Why You Want One, What Jobs Are Available, How to Get One](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sHwRyByUw0R1pPA1dARb7Y7rSdPTX42yoDNpOt4nFzhw62MnA-rHIuRzldY1Ue4yMMv-z1rxOEpyIbYlq7JVmBMGdiYBvk3gkkTxFtluhBP_J0qdIeo1zQeikIeNE5fadP7fC90Gfup7hJvF720r41Y7BP59O7FY5a_2FMQ0tIvKCoqgP8IoMzViXkl2lc8TV6eMuhp7W-h1FyrESw3VP35zMoNoM4om0YEJUejA8=s0-d)
US Government Shutdown Would Affect Foreigners, Americans Alike
House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev., walk out to speak to reporters after their meeting at the White House in Washington with President Obama regarding the budget, possible government shutdown, April 6, 2011
Defense Secretary Robert Gates said American troops serving in Iraq, Afghanistan and elsewhere around the globe would have a temporary halt in their pay.
In addition, as many as 800,000 of the 1.9 million federal civilian workers deemed as non-essential could be told to stay away from their jobs.
Tourists would find that national parks and attractions throughout the country have been shut down, including iconic sites like the Statue of Liberty, the Washington Monument and national parks with breath-taking ocean and mountain vistas. Foreigners could encounter delays in seeking visas for travel to the U.S.
One popular Spring event in Washington, the National Cherry Blossom Festival Parade scheduled for Saturday, would be called off if President Barack Obama and congressional leaders do not reach agreement to keep the government running after Friday, when funding runs out. It would be the government's first partial shutdown in 15 years.
Washington's art, history and cultural museums along the National Mall that annually attract millions of visitors would be closed, as well. And trash could be piling up alongside Washington's streets because the city government is considered a federal agency. Without a budget agreement, many city workers would be furloughed as well, including trash haulers.
Throughout the U.S., residents would be affected in a variety of ways. Retirees would still get their monthly government-issued pensions, but applications for new benefits could be delayed. The government says tax refunds will be delayed for those who have filed their annual tax returns on paper, rather than electronically.
The government also does not plan to insure new housing loans during a shutdown. New loans for small businesses also would be delayed.
US Government Shutdown Would Affect Foreigners, Americans Alike
Article from VOA2010-12-03
Eastern Shore of Maryland Jobs & News
Eastern Shore of Maryland Jobs Classifieds - Click Here
When the call came from the Royal Swedish Academy of Sciences in October, Northwestern University Professor Dale Mortensen was far from his home in Chicago, teaching in Denmark… and was caught off guard.Northwestern University Economics Professor Dale Mortensen is one of three co-recipients of the 2010 Nobel Prize for Economics. He shares the prize with Peter Diamond from the Massachusetts Institute of Technology, and Christopher Pissarides from the London School of Economics and Political Science. The trio will accept the award on December 10 in Stockholm, Sweden.
It was the phone call that many seek, but only few receive.
"You don't know that's it's coming at any particular time," he said.
For Mortensen, a pioneer in the field of job search and search unemployment theory, the Nobel Prize for Economics caps a long career studying labor markets.
"Typically in Economics you win the prize for building models, for creating the structure within which to think about a problem," he explained.
The problem before Mortensen was trying to explain why there were so many people unemployed at the same time there are a large number of job vacancies.
"What I'm trying to do is study the process that allocates workers to jobs. Alright, and particularly through that process identify where there might be glitches or where there might be in fact frictions that could be eased," he said.
Mortensen's Nobel prize-winning research boils the process down into a complex mathematical model that helps economists understand the length of time it takes workers to find jobs, and for employers to find workers.
That knowledge, says Mortensen, helps guide economic policy.
"The application of those ideas in the labor market is fairly obvious because one of the manifestations of these costs is that it takes time to find a job, and it takes time to fill a job," Mortensen said. "So what we see are unfilled jobs and unemployed workers trying to look for each other, and that process is important in understanding how labor is allocated across alternative uses as well as what the price, in this case, wage, how the process by which that is determined."
The national unemployment average in the United States is currently above nine percent. Unemployment benefits for two million people will be ended at the end of December unless the U.S. Congress passes legislation to extend it.
Mortensen says you don't need a mathematical model to understand the implications of lingering high unemployment.
"What it tells us is that until some confidence in the business community is found, or stimulated, that we might have a long crisis," he said. "And there are various aspects to that because of course this crisis was associated with if not caused by a financial crisis."
Mortensen says using his model to understand the disconnect between employers and job seekers could help policy makers and employers avoid high unemployment in the future.
"Employers for example have to make investments in job creation. And that means they have to be forward looking, so they have to have expectations about the future that say, investing in jobs now would be profitable," he said.
This was not the first year Mortensen and his fellow co-recipients have been considered for the Nobel. But he thinks current economic trends globally may have influenced some of the judges on the Nobel selection committee.
"I'm sure that the committee thought it wouldn't be a bad time, considering it might add to the news, but as I've said, we've certainly been under consideration for five to six years," Mortensen said.
Along with the gold Nobel medallion, Mortensen receives a cash award that equals about $1.5 million. He accepts the award in Stockholm, Sweden December 10.
Nobel Prize Winner Predicts Long Unemployment Crisis in US
VOA's Kane Farabaugh interviewed Dale Mortensen in Evanston, Illinois, where he predicted high unemployment, and the current economic situation in the United States.
Photo: VOA-K. Farabaugh
Economics Professor Dale Mortensen of Northwestern University is one of three co-recipients of the 2010 Nobel Prize for Economics
It was the phone call that many seek, but only few receive.
"You don't know that's it's coming at any particular time," he said.
For Mortensen, a pioneer in the field of job search and search unemployment theory, the Nobel Prize for Economics caps a long career studying labor markets.
"Typically in Economics you win the prize for building models, for creating the structure within which to think about a problem," he explained.
The problem before Mortensen was trying to explain why there were so many people unemployed at the same time there are a large number of job vacancies.
"What I'm trying to do is study the process that allocates workers to jobs. Alright, and particularly through that process identify where there might be glitches or where there might be in fact frictions that could be eased," he said.
Mortensen's Nobel prize-winning research boils the process down into a complex mathematical model that helps economists understand the length of time it takes workers to find jobs, and for employers to find workers.
That knowledge, says Mortensen, helps guide economic policy.
"The application of those ideas in the labor market is fairly obvious because one of the manifestations of these costs is that it takes time to find a job, and it takes time to fill a job," Mortensen said. "So what we see are unfilled jobs and unemployed workers trying to look for each other, and that process is important in understanding how labor is allocated across alternative uses as well as what the price, in this case, wage, how the process by which that is determined."
The national unemployment average in the United States is currently above nine percent. Unemployment benefits for two million people will be ended at the end of December unless the U.S. Congress passes legislation to extend it.
Mortensen says you don't need a mathematical model to understand the implications of lingering high unemployment.
"What it tells us is that until some confidence in the business community is found, or stimulated, that we might have a long crisis," he said. "And there are various aspects to that because of course this crisis was associated with if not caused by a financial crisis."
Mortensen says using his model to understand the disconnect between employers and job seekers could help policy makers and employers avoid high unemployment in the future.
"Employers for example have to make investments in job creation. And that means they have to be forward looking, so they have to have expectations about the future that say, investing in jobs now would be profitable," he said.
This was not the first year Mortensen and his fellow co-recipients have been considered for the Nobel. But he thinks current economic trends globally may have influenced some of the judges on the Nobel selection committee.
"I'm sure that the committee thought it wouldn't be a bad time, considering it might add to the news, but as I've said, we've certainly been under consideration for five to six years," Mortensen said.
Along with the gold Nobel medallion, Mortensen receives a cash award that equals about $1.5 million. He accepts the award in Stockholm, Sweden December 10.
Nobel Prize Winner Predicts Long Unemployment Crisis in US sourced from voanews.com
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