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Showing posts with label Sector. Show all posts
Showing posts with label Sector. Show all posts

Sunday, September 25, 2011

Creating Private Sector Jobs

AppId is over the quota
AppId is over the quota

Jerry Jasinowski, an economist and author, served as president of the National Association of Manufacturers for 14 years and later as president of the Manufacturing Institute. 

Some years ago when I was president of the National Association of Manufacturers, I challenged a representative of one of our larger members to explain why his company was sending so many jobs overseas. "Because," he replied with some heat, "the young people coming out of our public schools today cannot pass a reading test, a writing test, or a math test." 

There was more than a little exaggeration in that comment, but it reflects an attitude I encountered many times during my years with the NAM. In every survey of NAM members we conducted when I was there, a majority of respondents inevitably replied that finding qualified job applicants was one of their biggest headaches. Workers in modern manufacturing must be deft with math and science. They need to know how to read blueprints and program computers. But these skills are sorely lacking among the unemployed. We have a critical need to have our young people as well as displaced workers focus on STEM subjects (science, technology, engineering, and math). 

There is a great debate in Washington and across the nation about the economy, and in particular what we must do to create more jobs. We will not get the economy growing again, and will not restore consumer confidence, until we put millions of the employed back to work. But how? Most of the discussion centers on general policies such as payroll taxes, regulations, infrastructure, and investment––the presumption being that if we support business, business will create jobs. But business is already rolling in cash and many of the jobs business is creating are overseas. Clearly something else is needed. 

I suggest a cooperative program, jointly funded by government and business, to train unemployed workers for specific jobs that need filling now. There are a variety of programs out there providing training to the unemployed, and many of them are very good, but they rarely include a direct transition from training to employment. Too often, unemployed workers go through these programs only to discover there are few if any opportunities for them, even with their newly acquired skills. 

I have heard many small manufacturers complain that these training programs, usually run in conjunction with community colleges, are not in sync with real-world workplace needs. Give us that training money, they say, and we will train applicants to do the jobs and then put them directly to work. 

I think that is worth a try––at least as part of a more comprehensive job creation program. The program should be jointly funded by a foundation or government grant, plus money from participating businesses. The key ingredient should be employers with jobs that need filling who will pledge to provide employment to people who complete their training programs successfully. The employers will not be able to complain about the training because they will be the ones providing it. They will get to know the workers personally, and whether or not they are qualified to do the jobs. Based on my own experience at the NAM, I believe a program like this could bring a significant number of people into the workforce in a relatively short period of time.



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Peliculas Online

Sunday, September 11, 2011

The Housing Sector seen limping along: Reuters poll

A home for sale is pictured in Gary, Indiana March 31, 2011. REUTERS/Eric Thayer

A House for sale is portrayed in Gary, Indiana, March 31, 2011.

Credit: Reuters/Eric Thayer

NEW YORK | Fri 09/09/2011 10:21 EST

NEW YORK (Reuters)-United States struggling real estate market should fall a bit more as he searches for a Fund, but domestic prices are seen running up modestly in 2012, according to a Reuters poll released on Friday.

Economists were divided on whether the worst was over for the housing market by the end of the year or if it will take longer to arrive at a floor.

Existing home sales should improve only modestly. Search forecasts are consistent with the expectations of the housing sector will continue to limp along in a weakened State in the coming years.

Housing has been unable to find its footing since its collapse in 2007, despite government programs of several billion dollars and ultra low interest rates.

In fact, adjustable mortgage rates and fixed a year reached new record minimum for the week ending 8 September, but analysts did not expect to stimulate buying a race.

Concerns that another recession is imminent, high unemployment and tight credit kept buyers from the market, leaving a shortage of houses for sale that has driven down prices.

Although called "anguish" sales at reduced prices drastically helped absorb some of the houses on the market, foreclosures in course should keep the anemic market.

"There is still a huge pipeline of homes that will be blocked up and the weak labour market certainly isn't helping," said Scott Brown, Chief Economist at Raymond James, in St. Petersburg, Florida.

Analysts said a housing market recovery is dependent on improvement of labour market and the wider economy.

"A major concern is that you have a lot of homes where the mortgage holder is still underwater and most of these owners will continue to make payments," said Brown.

"He gets to be a problem, however, if anyone loses his job, someone gets sick, there is a divorce or something where the House must be sold".

U.S. home prices-measured by Standard & Poor 's/Case-Shiller 20-City composite index Home price-will fall 3.8% for the year, before stabilizing and gaining 0.8 percent in 2012, according to the average forecast of 22 economists in Reuters poll taken last week.

The expectations were eased previous Reuters poll in June, which forecast prices would fall this year and 5.0 percent increase just 0.5% year around housing.

The forecasts for the evolution of the domestic price index for this year had a wide variety, a decline of 14.0% for a gain of 0.1 percent. Predictions for 2012 had a small space, a 6.0% decline to a gain of 4%.

Of 28 economists polled, 14 said that prices had any funds already hit this year or would be for the fourth quarter. Twelve respondents said that prices will not reach a trough until 2012 and 2013, while a forecast an expected it would take until 2014.

In the third quarter, the pace of existing home sales should come to an annualized rate of 4.78 million and will be until edge 4.95 million in the fourth quarter. Sales of previously owned homes were at an annual rate of 4.67 million units in July, according to data from the National Association of Realtors.

Economists saw the rate of home sales reaching 5.1 million for the first and second quarter of next year.

"New foreclosures peaked in 2009, but the inventory of foreclosed homes will decrease slowly," said David Berson, Chief Economist at mortgage insurer PMI Group.

Economists forecast the average rate of 30-year mortgage would be 4.5% for the year, lower than the June forecast for 4.82%.

(Search by Sumanta Dey and Somya Gupta)



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