job creation

Another Rough Summer Ahead for Teen Jobs

Teens hoping for employment this summer aren't likely to find the job market much better than last year, when teenage job seekers experienced the weakest seasonal market in decades.

A Growing Role for Tourism in Sustainable Development

In a somewhat surprising report, The U.N. Environment Programme says one of the most promising green industries -- at least when it comes to creating economic growth, reducing poverty, fueling job creation and addressing major environmental challenges -- turns out to be tourism.

With Job Openings Falling, Trouble Could Be Coming

Two sets of labor statistics data, released this week, point to a divergence between the job-openings rate and the total number of employees on nonfarm payrolls. And that divergence may well serve as a leading indicator for the labor market as a whole.

What's the Real Unemployment Number?

Last week, jobs went up by a hair, but somehow, unemployment plummeted by a lot. What gives? The answer lies in the quirky way the Bureau of Labor Statistics decides who gets counted as part of the work force, who gets counted as officially unemployed, and who gets left out of the picture.

Where the Signs Point to a Strengthening U.S. Economy

If you glanced at just one or two headlines from last week's reports on the U.S. economy, you might have concluded that things haven't changed that much. In fact, digging deeper reveals that business conditions are improving. Even the puzzling payroll report has hopeful indicators.

What's Really Ailing Employment: Lack of Demand

Many people blame America's high unemployment rate on a mismatch between workers' skills and the fields with open jobs. But it seems clear that jobs are scarce across all sectors. That means effective policies are needed to stimulate demand and rebuild economic output.

U.S. Productivity Gains Are Good News for Everyone

It sometimes feels as if every piece of economic news comes with a qualifier. However, one statistic has had an unqualified, enduring positive run: the rise in worker productivity, which bodes well for investors, employees and -- eventually -- job-seekers.

What Obama Really Needs: Robust Income Growth

As much as the market and Corporate America may like what they heard in the president's speech Tuesday night, history shows Obama's reelection in 2012 remains pinned to boosting income growth to at least 3%. Problem is, right now it's running at just 1.4%.

The Economic State of the Union: Already Creating Jobs

The economy and job creation will be the centerpiece of Obama's speech Tuesday night -- as they should be. But behind the pessimistic hand-wringing and political posturing a surprisingly strong rebound is building, and jobs are steadily being added.

GM Makes a Deal for Cheaper, Longer-Lasting Batteries

The automaker has licensed technology from the Energy Department's Argonne National Laboratory that will boost the performance of lithium-ion battery cells. The next-generation power packs will be made at a new plant in Michigan by Korea's LG Chem.

How Many Jobs Will Obama-GOP Tax Cut Deal Create?

The tax cut compromise between Obama and the GOP is now being touted as a back-door stimulus plan, one that some economists predict will create or save 3.1 million jobs. Unfortunately, the model on which those forecasts are based makes some flawed assumptions.

Why the Fed's Stimulus Only Boosts Emerging Markets

When QE2 is complete, the Fed's bond purchases will have injected $1.7 trillion in liquidity into the markets since 2008 in an effort to boost corporate investment in new production and new jobs in the U.S. Instead, companies are taking cash raised here and investing it in emerging markets.

The Job-Creation Engine Remains Stalled

The economy lost 95,000 jobs in September, mainly because the private sector hired only 64,000 workers while governments cut 159,000 jobs. The unemployment rate was unchanged at 9.6%. Minus the usual boosts from housing and consumers, the U.S. still lacks a catalyst for job creation.

Newt Gingrich: Say No to 'More Food Stamps'

"More food stamps? Or more paychecks?" Former Speaker of the House Newt Gingrich suggests that's how the GOP should couch the national policy debate before the midterm elections. But will demonizing programs that aid the poor help the GOP sell policies that only benefit the rich?

Why a Republican Congress Won't Ignite a Hiring Explosion

CNBC's Larry Kudlow blogged Tuesday that the a GOP win in November's elections would create an explosion of U.S. job creation. One of his guests that day on The Kudlow Report was DailyFinance's Peter Cohan, who breaks down precisely why that rhetoric doesn't match reality.

Job Creators: 10 Companies That Are Hiring Now

Yes, many U.S. companies -- particularly small ones -- are hiring now. And they plan to keep hiring. What can other companies learn from the outfits that have figured out how to grow in this economy? Plenty. Here are their stories.

Are U.S. Defense Contractors Abandoning California?

Boeing's plan to relocate two major defense programs from California to Oklahoma could signal the start of a major shift in the locations of defense contractors, and how they work. For the areas attracting the companies, it's about jobs. For the contractors, it's about remaining competitive.

What's Needed to Create a Virtuous Economic Cycle

Until companies start hiring American workers, banks make affordable credit available for deserving consumers and institutional investors start providing more capital for start-ups, the U.S. economy will limp along -- or maybe worse.

Is Christina Romer Out as Chief Economic Adviser?

Christina Romer is reportedly leaving the White House as Chair of the President's Council of Economic Advisers. Is she taking the fall for an unemployment rate that has remained stubbornly high?

Pending Sales for U.S. Homes Fell 2.6% in June

The U.S. housing market suffered another modest setback in June as pending sales of homes fell 2.6%, but less than the 3.7% consensus estimate. Still, pending sales are now 18.6% lower than the June 2009 figure.

A Modest Proposal for Easing Unemployment

Many economists are content to battle royally over the wisdom of stimulus spending. But here's straightforward recommendation from Yale's Robert Shiller: The U.S. government should simply hire workers directly for public services, much as it did during the Great Depression.

Does Obama's Coddling of Business Help?

Soaring unemployment and a decade of dropping wages while corporations sit on a record pile of cash and pay their CEOs millions a year -- the fortunes of business and the workforce have scarcely ever been more different despite claims that everyone is in the same boat.

June's Jobs Report Could Have Been Even Worse

Overall, 125,000 U.S. jobs were lost last month, primarily due to the Census ending 225,000 temporary positions. Private sector of 83,000 was better than in May, but it's still pretty weak for this point in a recovery.

What America's Start-Ups Need to Get Growing

N.Y. Times op-ed writer Thomas Friedman calls for increasing the number of "high-IQ risk-takers." But jobs will result when entrepreneurs can get the capital they need to start and build successful ventures. And getting that money takes more than just smart people.

Obama's Nuclear Power Play Lacks Economic Voltage

When Obama approved the first $8.3 billion in a nuclear loan guarantee program Tuesday, he helped unite interest groups ranging from the ultra-conservative National Taxpayers Union to the left-wing Greenpeace. All of whom agree that the program doesn't make economic sense.

Harry Reid Puts the Senate Jobs Bill on a Diet

On Thursday, Sens. Max Baucus (D-Mont.) and Charles Grassley (R-Iowa) laid out details for a bipartisan, $85 billion plan to spur job creation. But Reid slimmed it down to four main provisions in an effort to speed passage of the much-needed legislation.