The New York City Council passed a bill today that prohibits employers from considering an applicant’s current employment status when making hiring decisions.
The bill would also put an end to job ads that say applicants must be currently employed. Under this measure, New York would be the first city in the country providing people Read More
A Quick Intellectual Experience
Eric Auld is 26-year-old with a Master’s in English, a couple lists on McSweeney’s, and a job as an “Adjunct Lecturer in English.” And yet, like a male version of the characters in Girls, he cannot get a full-time employment in New York City.
So after applying to hundreds of job listings on the Internet, Mr. Auld conducted an experiment “to find out more on where I stood in this uncertain job market.” He did this by creating a fake job listing for an Administrative Assistant on Craigslist. And then writing about it on Thought Catalog, home of semi-employed Adjunct Professors of English everywhere. Read More
Cassidy Turley research guru Robert Sammons on private-sector job gains and the Manhattan office market:
What double-dip recession? What jobless recovery? There has been so much doom-and-gloom economic rhetoric circling the globe lately that the new jobs numbers just released by the City Comptroller’s Office appear, on the surface, to be totally contradictory. Read More
The summer our discontent behind us, the weight of inaction threatens anew. It is readily apparent from the most recent data that economic growth and labor market trends slowed markedly during July and August. Yet precious little has been accomplished over this same period to seriously assess or offset the deficiencies in the recovery.
Absent politicians in Washington calming down, or new private or public sources of stimulus, the near- and medium-term outlook for the economy remains clouded. Would that policymakers could approach the growth and employment conundrum with the same zeal—and occasional ferocity—as they approached the budget debates over the past few months, we might be in a stronger position two years after the recession reached its putative end. Read More
Last Friday’s employment report underscores that the national economic and labor market recoveries remain unusually fragile even two years after the recession’s formal end. Too many investors and lenders underestimate the drags on value if interest rates should rise ahead of cash flow. Read More
There is good economic news to report: The unemployment rate in New York City has dropped to 8.6 percent. That’s a two-year low. And the good news on jobs comes despite a continued lull in construction, a traditional source of well-paid, blue-collar work.
Now the bad news: Washington is considering new banking rules that could Read More
Payrolls expanded by 216,000 jobs in March, according to last week’s report from the Bureau of Labor Statistics. Businesses easily offset cutbacks in local governments, as private employment increased by 230,000 jobs in March and, on a revised basis, 240,000 jobs in February.
Investors are understandably encouraged; the new counts mark the strongest monthly Read More
Last Friday’s jobs report from the Labor Department initiated a wave of articles and blog entries depicting a robust economy and blue skies ahead. Democrats have taken the position that the administration’s policies are starting to work, and Republicans are directing most of the credit toward the extension of the Bush-era tax rates. For a Read More
Every week, Cassidy Turley research guru Robert Sammons provides us with a statistical snapshot of an aspect of the New York City commercial real estate market. This week, jobs, jobs, jobs.
Office employment for New York City was up by a revised 24,600 positions for 2010, from the original estimate of 21,500, in figures released Read More
U.S. employers added 192,000 jobs in February, the largest one-month improvement since May 2010, when public hiring picked up temporarily on account of the need for census workers. The increase in payrolls reflects a decline of 30,000 jobs in state and local government jobs, more than offset by a net gain of 222,000 on private-sector Read More
