News
Politico | Congress rewrites jobs training law
After years of failed attempts, Congress today passed an update to a Clinton-era jobs training law that governs billions in federal spending aimed at helping workers stay afloat in the changing job market.
Bloomberg | Fewer Americans Than Forecast Filed Jobless Claims Last Week
Jobless claims declined by 11,000 to 304,000 in the week ended July 5, the fewest in more than a month, a Labor Department report showed today in Washington. The median forecast of 45 economists surveyed by Bloomberg called for 315,000. There was nothing unusual in the data and no states were estimated, a spokesman said as the figures were released.
WSJ | Skills Shortage Means Many Jobs Go Unfilled
About 33% of 848 small-business owners and chief executives said they had unfilled job openings in June because they couldn't identify qualified applicants, up from 31% of 811 owners nearly two years ago, according to surveys by The Wall Street Journal and Vistage International, a San Diego peer advisory group for executives. During this period, owners' confidence in the economy increased.
Blogs
WSJ | Teens Are Having the Worst Summer for Jobs Since 2010
Teenagers between the ages 16 and 19 gained 661,000 jobs last month — the smallest June increase since 2010. June’s sluggish summer job growth might be a one-off, since it comes in the wake of a very strong May and unusually robust gains in March. June is typically the peak of the teen summer hiring period, according to Challenger, Gray & Christmas, which analyzed data from the Bureau of Labor Statistics.
