It's not outsourcing to Asia that's holding back job creation in the U.S.—it's
the growing productivity of those Americans who hold jobs, according to Stanley
Fischer, vice chairman of Citigroup and president of Citigroup International.
Massachusetts, Maryland, Connecticut, Virginia, New York, and Vermont top the list of states with the highest concentrations of graduate and professional degree holders, according to a new analysis by the U.S. Census Bureau.
The U.S. Bureau of Labor Statistics has posted on its website two publications that won't be available in book form until the spring: the 2004-05 editions of the Occupational Outlook Handbook and the Career Guide to Industries.
The RAND Corporation, in a report prepared at the request of the U.S. Department
of Labor, says three trends will shape the labor force and employment relationships
in the coming years: a slowing in the growth rate of the workforce, an acceleration
in technological advances, and continued globalization.
Twenty percent of employers plan to add workers during the first three months
of 2004, while 13 percent anticipate job cuts, according to a survey of 16,000
companies by Manpower Inc.
The Supreme Court ruled 7-0 that an employer's uniform and neutral
policy that bars the rehiring of a worker who was terminated for misconduct
is a nondiscriminatory reason to refuse to rehire a recovered drug
addict who was fired for violating the company's policy on drug use.
Most senior executives at U.S. multinational companies believe the economy is growing and will continue to do so in the future, but despite their optimism, they remain cautious about adding jobs, according to a survey by PricewaterhouseCoopers.
In 2004, the U.S. economy will recoup the more than 2.3 million jobs lost between
2001 and 2003, according to a report released by the U.S. Conference of Mayors.
However, the report found that the new jobs will have lower wages than the jobs lost during the economic downturn.
Payroll employment rose by 126,000 in October, following a similar increase in September, the Labor Department reported today. The unemployment rate dropped slightly to 6 percent.
Among the nation's four regions, the South posted the lowest regional unemployment rate, 5.5 percent, in September, the U.S. Department of Labor reported yesterday. This was the first time since June 1982 that the South reported a lower rate than the other three regions.
