The number of Americans filing new applications for unemployment benefits fell to its lowest level in more than 41-1/2 years, suggesting job growth remained solid despite slowing in June.
Gap plans to close 175 of its 675 stores over the next few years, including 140 in 2015
UNEMPLOYMENT
Number of millions not in workforce
Unemployment fell in every state and the nation’s capital last year—something that hadn’t happened since 1984.
Activist Post -While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from 19.8 weeks to 32.8 weeks.
Adam Hersh- Labor force participation for less than HS 45.4%; higher education 74.6%... Unemployment rate at 16.8% for teens, 10.8% for 20-24 year olds
A record 92,898,000 Americans 16 years and older did not participate in the labor force in December, according to data released by the Bureau of Labor Statistics. The BLS defines people not in the work force as people 16 years and up who are not employed and haven’t “made specific efforts to find employment sometime during the 4-week period ending with the reference week.” The labor force participation rate — or the “The labor force as a percent of the civilian noninstitutional population” — also dipped back down to 62.7 percent, from 62.9 percent in November. September also saw a labor force participation rate of 62.7 percent, however prior to then, the last time the rate hit 62.7 percent was in February of 1978.
Unemployment insurance at lowest level in three decades
2014
Number of unemployed summer of 2013: 11.5 million. Number unemployed during Great Depression: 13-18 million
Wall Street Journal - About half of all managers work more than 40 hours a week, according to a new survey from tax and consulting firm EY, and 39% report that their hours have increased in the past five years. Little wonder, then, that one-third of workers say it’s getting more difficult to balance work and life.
The survey, which fielded opinions from 9,699 full-time employees in eight countries, raises some questions about the sustainability of the current pace of work, said Karyn Twaronite, who heads up diversity and inclusion efforts for EY and commissioned the study.
Employees report that their responsibilities at work have increased while wages have largely stayed flat. And while technologies like company-provided smartphones and remote-work software have bought workers some flexibility, they also keep “people tied to work seven days a week,” Ms. Twaronite noted.
Fifty-eight percent of managers in the U.S. report working more than 40 hours a week, surpassed only by managers in Mexico, where 61% say they’re working those hours...
The reported shift in working hours appears to hit parents particularly hard. Some 41% of managers who have kids say they’ve seen their hours increase in the last five years, as compared to 37% of managers who do not have children.
Activist Post -Ten years ago, the number of women in the U.S. that had full-time jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin. But now the number of women in the U.S. on food stamps actually exceeds the number of women that have full-time jobs.
Economic Collapse Blog: Lower-wage industries constituted 22 percent of recession losses, but 44 percent of recovery growth.
Economic Collapse Blog: Mid-wage industries constituted 37 percent of recession losses, but only 26 percent of recovery growth.
The rate of unionization among American workers fell to 11.3% in 2012, which is the lowest since 1916
Jobs added since the recovery began pay 23% less than the jobs lost at the height of the Recession
USA Today - According to a Pew report released June 23, employment among 16- to 19-year-olds has declined over the last two decades. Less than a third of 16 to 17-year-olds working a summer job last year. For 18- to 19-year-olds, the summer employment rate last year was approximate 44%, which is still below the 62.6% average rate in the summer of 2000.
Fewer than 32% of teenagers were employed between June and August last year. The current percentage is close to the all-time low of approximately 30% in 2010 and 2011.
In 1978, 58% of teens had summer jobs, the highest rate of teen summer employment. Between the 1940’s and the 1980’s, the all-time low was 46% in 1963.
No comments:
Post a Comment