By Ruth Simon WSJ Sun., May 12, 2019 Job growth at the smallest businesses has fallen to the lowest levels in nearly eight years as tiny companies struggle to attract and retain workers in the tightest U.S. job market in half a century. The number of people employed by companies with fewer than 20 workers grew by less than 1% in both March and April, compared with the same months a year earlier, according to an analysis by Moody’s Analytics for The Wall Street Journal. Hiring at the smallest businesses hasn’t been this low since May 2011, when the economy was still recovering from the financial crisis. Torque Transmission, a manufacturer with 18 employees in Fairport Harbor, Ohio, has struggled in the past 2½ years to maintain a staff of three skilled machinists. “We have posted ads online. We have a sign out on the front lawn. We have a couple of temp agencies working on it,” said John W. Rampe, president of the family-run business. Mr. … [Read more...] about Small Businesses Are Squeezed by Tight Labor Market
Low skilled labor market
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Katie Johnston Globe Staff April 14, 2019 Brek Peterson knew what he was up against when he started looking for a manager for his Which Wich sandwich shop in Somerville last fall. Competition for workers in this historically tight labor market is intense, so Peterson didn’t hesitate to act when Jose Flores — who was fielding multiple job offers — applied for the job. When Flores told Peterson he couldn’t work weekends because his children are with him then, Peterson proposed a Monday through Thursday schedule and took on the Sunday shift himself. “You have to do whatever it takes,” he said. Advertisement With workers in high demand, doing whatever it takes often means making jobs better. Get Today's Headlines in your inbox: The day's top stories delivered every morning. Thank you for signing up! Sign up for more … [Read more...] about In tight labor market, employers going to great lengths to attract workers
WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits fell to a nearly half-century low last week, pointing to sustained labor market strength despite slowing economic growth. FILE PHOTO - People attend the Executive Branch Job Fair hosted by the Conservative Partnership Institute at the Dirksen Senate Office Building in Washington, U.S., June 15, 2018. REUTERS/Toya Sarno Jordan/File Photo But the loss of momentum in activity has left some employers unsettled about the economy’s outlook. Announced job cuts by U.S.-based companies in the first quarter were the highest since 2015, other data showed on Thursday. Fading stimulus from a $1.5 trillion tax cut package, the United States’ trade war with China, slowing global growth and uncertainty over Britain’s exit from the European Union are casting a shadow over the economy, which in July will celebrate the longest expansion on record. “We are at a point of … [Read more...] about U.S. jobless claims hit 49-year low; labor market resilient
Colorado’s unemployment remains low. The labor market remains tight. A lack of enough skilled workers to fill spots could be a drag on the economy. And Colorado’s over-65 population is the third-fastest-growing in the nation. Janine Vanderburg will say challenges associated with the first three situations can be addressed in a significant way by the fourth. Armed with reams of research, personal stories of people across the state and backing from the Rose Community Foundation and other partners, Vanderburg is heading the initiative “Changing the Narrative,” whose goal is to change perceptions about older adults. Last year, Vanderburg, a community organizer, lawyer and a consultant to nonprofits, organized 42 workshops statewide for about 1,300 people on confronting ageism. Part of the discussion refers to research on language seen as fueling stereotypes: “senior citizens,” “elderly” and “silver tsunami,” a reference to … [Read more...] about Combating ageism in Colorado, initiative promotes older workers as way to address state’s tight labor market
Sections SEARCH Skip to content Skip to site index Log In Subscribe Log In Today’s Paper The Upshot | What if Cities Are No Longer the Land of Opportunity for Low-Skilled Workers? Upshot Supported by Dense cities like New York have long promised higher wages, but now that is primarily true for workers with more education, a new analysis finds. ByEmily Badger and Quoctrung Bui Jan. 11, 2019 For decades, workers migrated to big cities in America that promised abundant jobs and decent wages — in clerical offices in New York, at shipbuilding yards in Oakland, on auto assembly lines around Detroit. Big, dense cities offered not just better pay for lower-skilled workers; cities offered them better kinds of jobs. This is much less true today, as workers hurt by the decline in manufacturing know. Because of this, cities no longer offer low-skilled workers the economic advantages they once did, according … [Read more...] about What if Cities Are No Longer the Land of Opportunity for Low-Skilled Workers?