February 8, 2013 |
The recession is over and the job market is improving, albeit barely, but the psychological aftermath of the worst financial downturn since the Great Depression persists, according to a sweeping national survey by Rutgers University. The majority of those surveyed say they believe that there has been a permanent and painful change in the nation's economy. Gone forever, they say, are the ability of the young to afford college, of employees to feel secure, and of workers to land good jobs at good pay. "What this reflects is how wide and deep the whole shock was," said Carl Van Horn, director of the John J. Heldrich Center for Workforce Development at Rutgers, one of the study's coauthors.
February 7, 2013
No sale on school funding plan Pennsylvania students shouldn't have to wait in line behind corporations for a cut of $250,000 in additional yearly school funds. But that's Gov. Corbett's plan for public education. He wants Pennsylvania to swap 5,000 State Store jobs and hundreds of millions of dollars in regular-as-clockwork revenue for a paltry education block grant divided among 500 districts. Corbett prefers to plunder public resources instead of finding permanent ways to fund vital services.
January 28, 2013
Where will the jobs come from? For most of us, this is the bottom-line question for any discussion of the U.S. economy. It's especially so for the nearly 30 million U.S. workers who are unemployed, underemployed, or so discouraged they aren't even looking for work. It is also a pressing worry for millions of twentysomethings who dutifully earned college degrees but still can't find jobs. And it is for countless others toiling at work they don't like, but afraid to leave to look for something more suitable.
January 4, 2013 |
WASHINGTON - The U.S. job market showed resilience in three reports Thursday, suggesting it may able to withstand a federal budget battle that threatens more economic uncertainty in the coming months. A survey showed private hiring increased in December, while layoffs declined and applications for unemployment benefits stayed near a four-year low. The data led some economists to raise their forecasts for December job growth. "The job market held firm in December despite the intensifying fiscal cliff negotiations," said Mark Zandi, chief economist at Moody's Analytics.
December 31, 2012 |
Facing the future with a college degree is like being in a lifeboat on a roiling sea. Facing the future with a high school degree is like being in the water. If you're a member of the millennial generation - ages 18 to 34 - who never got beyond 12th grade, expect hard times, say people who study the transition from youth to adulthood. "There's nothing for these kids," said Maria Kefalas, a St. Joseph's University sociologist. "Absolutely nothing. " Anthony Carnevale, director of the Georgetown University Center on Education and the Workforce, put it this way: "It's remarkable how much trouble they're in. " It's not simply the recession and its robust half-life that stymie high-school-only young people.
December 26, 2012
IN HIS STORY ON unemployment in Pennsylvania ( Daily News , Dec. 21), Will Bunch reveals a fundamental lack of understanding when it comes to free-market economies. Recovering from a recession is best accomplished by growing private-sector employment - something the Corbett administration has done to the tune of 109,000 new jobs. These are the jobs that spur economic recovery, support other sectors through spending and investment and provide revenue for government services. Government jobs, on the other hand, consume public dollars, and the taxes public employees pay return only a fraction of money to the same treasury from which their salaries came.
December 9, 2012 |
The bell kept ringing at the Be a Hero, Hire a Hero job fair for veterans at the National Constitution Center on Friday - each ring signaling a tentative job offer or a second interview. Maybe it's a reflection of Friday's news from the U.S. Labor Department that the nation's payrolls expanded by 146,000 jobs in November or that the unemployment rate dropped to an unanticipated low of 7.7 percent - a five-year low. Or maybe it's just another confusing signal in a confusing job market.
November 29, 2012 |
WASHINGTON - American consumers are growing more confident about the job market, companies are ordering more equipment, and home prices are rising in most major cities. The latest batch of government data suggests that the economy is improving just as the holiday shopping season begins. The only threat is a package of huge spending cuts and tax increases, known as the fiscal cliff, that will kick in unless Congress strikes a budget deal by year's end. Rising home values, more hiring, and lower gas prices pushed consumer confidence in November to the highest level in nearly five years.
November 16, 2012 |
MODEST GOOD NEWS for college students: An annual survey predicts employers will increase hiring of new four-year college graduates about 5 percent in the coming year. Demand for graduates with associate's degrees is expected to increase more sharply - by about 30 percent compared with last year's survey - and MBA hiring appears headed for an unexpected decline. The 42nd annual survey out Thursday from Michigan State University's College Employment Research Institute collects responses on hiring plans from more than 2,000 U.S. employers.
November 16, 2012 |
Last year, officials from Pennsylvania's Department of Labor and Industry were talking with representatives of Community College of Philadelphia about emerging areas in the job market. Labor Secretary Julia K. Hearthway said the conversation quickly turned to energy. State researchers believed the economic benefits of Marcellus Shale natural gas development were going to radiate across the state, Hearthway said. "And we wanted to make sure that people were trained and ready for the opportunities that were coming.