User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Oct 23 2014 04:53 IST RSS 2.0
 
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Combatting long-term unemployment with federal money 23.10.2014 SFGate: Business & Technology
Jewish Vocational Services in San Francisco and Nova Workforce and Development in Sunnyvale are among the recipients of grants aimed at addressing what U.S. Labor Secretary Thomas Perez, in a statement, called long-term unemployment (out of work for 27 weeks or more) one of the most unfinished pieces left over from the recession. JVS received $6.3 million “to develop a training model built on in-demand technology skills, skills demonstrations, networking and deep employer engagement,” according to the White House, which announced the $170 million nationwide program last week. Nova will use its $5.3 million to augment its job training and counseling programs and work with local workforce investment boards and business partners, including the Bay Area Council and the Silicon Valley Leadership Group — “sharing best practices for the long-term unemployed, with an emphasis on tech training, especially information technology,” said Jeanette Langdell, employment training manager at Nova. Snay said the aim is ...
Athens v Munich: why homelessness hits rich cities as hard as poor ones 21.10.2014 The Guardian -- Front Page

In Athens, its caused by an economy in crisis; in Munich, by an economy thats booming. The result, though, is the same a worsening homeless problem that doesnt reflect a citys wealth

One is plush, pampered and unmistakably prosperous, the third-largest city of Europes mightiest economy a place of wide, well-swept streets, ample, well-groomed parks and solid, well-kept apartment buildings.

Munich is home to just under 1.5 million people and such giants of German industry as luxury carmaker BMW, electronics heavyweight Siemens, truck manufacturer MAN and insurance titan Allianz. This summer, unemployment in the city stood at a fraction over 3%, the lowest of any major German city. It is, plainly, a fine place to live: last year, the lifestyle magazine Monocle ranked Munich the worlds most liveable city, with the highest quality of life.

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Indiana Plans To Cut Thousands Off Food Stamps By Reinstating Work Requirements 20.10.2014 Think Progres

Gov. Mike Pence (R) is moving to tighten the rules for food stamps even though federal officials say the Indiana economy is still too fragile to justify it.

The post Indiana Plans To Cut Thousands Off Food Stamps By Reinstating Work Requirements appeared first on ThinkProgress.

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Why did Britains political class buy into the Tories economic fairytale? | Ha-Joon Chang 19.10.2014 Guardian: Comment is Free
Falling wages, savage cuts and sham employment expose the recovery as bogus. Without a new vision were heading for social conflict The UK economy has been in difficulty since the 2008 financial crisis . Tough spending decisions have been needed to put it on the path to recovery because of the huge budget deficit left behind by the last irresponsible Labour government, showering its supporters with social benefit spending. Thanks to the coalition holding its nerve amid the clamour against cuts, the economy has finally recovered. True, wages have yet to make up the lost ground , but it is at least a job-rich recovery, allowing people to stand on their own feet rather than relying on state handouts. That is the Conservative partys narrative on the UK economy , and a large proportion of the British voting public has bought into it. They say they trust the Conservatives more than Labour by a big margin when it comes to economic management . And its not just the voting public. Even the Labour party has come to ...
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As Gov. Rick Scott cites Florida's economic recovery, many in Sunshine State feel left behind 19.10.2014 Star Tribune: Politics
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Economic malaise clouds Florida governor's race 19.10.2014 AP Business
LAKELAND, Fla. (AP) -- By many measures, Republican Rick Scott should have a strong case for a second term as governor....
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Under-30s being priced out of the UK, says Alan Milburn 19.10.2014 The Guardian -- Front Page

Mobility tsar says Britain is on verge of being permanently divided between haves and have-nots as young miss out on recovery

Britain is on the verge of becoming permanently divided between tribes of haves and have-nots as the young increasingly miss out on the opportunities enjoyed by their parents generation, the governments social mobility tsar claims.

The under-30s in particular are being priced out of owning their own homes, paid lower wages and left with diminishing job prospects, despite a strong economic recovery being enjoyed by some.

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Economy looks bleak for British workers losing out to technology 19.10.2014 The Guardian -- Front Page
Wage protesters marched over the greatest slump seen in real pay for 150 years on Saturday, but it is the march of technological advance that is driving a wedge between the countrys highest and lowest paid workers The graph below may resemble a mountain range, all plunging valleys and soaring peaks. In fact, it tells a remarkable story of social and economic change, a story that ends bleakly for millions of medium and low-paid Britons one of relentless forces cutting deep into occupations that have traditionally made up our economic landscape, and driving ever lower the real wages of all but the most fortunate and best-paid of the countrys employees. As Andy Haldane, chief economist at the Bank of England, noted in a speech last week , real wages (wages adjusted for inflation) have fallen by around 10% from their pre-recession peak. This represents a fall in living standards that is unprecedented since the middle of the 19th ...
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Municipal bonding is up as Minnesota recovers 19.10.2014 Star Tribune: Business
Amid low interest rates, communities are getting more comfortable with borrowing to fund projects.
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Obama voters: The thrill is gone 18.10.2014 Chicago Tribune: Opinion
As President Barack Obama heads into the final half of his final term, many of us Americans wonder: Whatever happened to the fresh promise of that cheerfully charismatic optimist who dominated the political stage back in ...
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Walker, Burke spar over health of Wisconsin's economy in final debate 18.10.2014 Star Tribune: Business
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Drop in unemployment raises debate on optimal rate 18.10.2014 Minnesota Public Radio: Law & Justice
For a long time it was conventional wisdom that unemployment should be around 5.5 percent. But a lot of economists are asking whether the old rules about full employment still apply.
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Drop In Unemployment Raises Debate On Optimal Rate 18.10.2014 NPR News
Now that unemployment has slipped below 6 percent, there's renewed interest in what the Federal Reserve's target for joblessness should be. Some economists worry that inflation will resurface.
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U.S. jobless aid applications fall to 14-year low 17.10.2014 SFGate: Business & Technology
WASHINGTON — The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest sign of a strengthening labor market that could help blunt worries about the impact of weak global growth. “Whether claims can be sustained at such a low level — an all-time low, as a share of payroll employment — is debatable ... but this is a clear signal of real strength in the labor market,” he said in a note to clients. The figures come as concerns about slowing global economic growth have roiled financial markets for a week. Despite the improved hiring, the job market remains scarred from the recession.
Minnesota jobless rate dips to 4.1 percent, lowest in eight years 16.10.2014 Minnesota Public Radio: Business
Professional and business services led all sectors in September job growth, state officials said.
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Jobless claims fall to lowest level in 14 years 16.10.2014 Chicago Tribune: Popular
The number of Americans filing new claims for jobless benefits fell to a 14-year low last week, a positive signal for the labor market that could counter doubts over whether the economy is shifting into a higher ...
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Applications for US unemployment benefits plummet to 14-year low of 264,000 16.10.2014 Star Tribune: Business
Federal Eye: Can federal hiring help reduce long-term unemployment? 16.10.2014 Washington Post: Politics
The Obama administration on Wednesday took action to tackle long-term unemployment, telling federal agencies to end bias against job applicants with employment gaps. The new federal hiring guidance , from the Office of Personnel Management, also said agencies should not look unfavorably upon job seekers who have faced financial difficulty “through no fault of their ...
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Economically, Germany is a threat to itself 16.10.2014 Washington Post: Op-Eds
I am a fan, as a number of my columns attest, of Germany’s worker empowerment. By requiring corporations to divide their boards evenly between worker and management representatives and mandating that employers meet regularly with their employees to discuss and resolve company concerns, Germany has retained a high-end manufacturing sector that has enabled the nation to prosper while every other advanced economy has suffered hard times. Through a government program that provided firms with the funds to keep workers employed part time but at near full-time pay during the 2008-2009 economic shocks, workers stayed on the job and continued to upgrade their skills. Germany’s unemployment rate fell throughout the Great Recession and today stands at a mere 4.9 percent . At a time when economic inequality is soaring throughout both advanced and developing economies, the superiority of Germany’s stakeholder version of capitalism — in which companies prioritize workers as well as owners — over our own model, which ...
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U.S. tackles long-term unemployment with $170 million in grants 15.10.2014 LA Times: Opinion
The U.S. Labor Department is taking on long-term unemployment – which last month affected 3 million Americans – by issuing nearly $170 million in grants to help train, counsel and place job seekers.
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