STOCKHOLM - Two Americans and a British-Cypriot economist won the 2010 Nobel economics prize Monday for developing a theory that helps explain how many people can remain unemployed despite a large number of job vacancies. Federal Reserve board nominee Peter Diamond was honored along with Dale Mortensen and Christopher Pissarides with the $1.5 million prize for their analysis of the obstacles that prevent buyers and sellers from efficiently pairing up in markets.
BAR HARBOR - Downtown Town Hill, where two busy roads intersect a state highway, might look a little different by the fall of 2012, according to a local official. According to Chip Reeves, the town's public works director, the town is hoping to reconfigure how the southern end of Knox Road intersects Routes 102 and 198 in the village of Town Hill. And he said the town might be able to get some help from the state in paying for it.
LONDON, December 5, 2011 /PRNewswire/ -- Figures compiled by Hays Procurement, the leading recruiting expert, and the Chartered Institute of Purchasing & Supply (CIPS) show that there has been a significant increase in demand and reward for procurement and supply management professionals during the course of the past year.
The authors use structural vector autoregressions to analyze the responses of worker flows, job flows, vacancies, and hours to demand and supply shocks. They identify these shocks by restricting the short-run responses of output and the price level. On the demand side, they disentangle a monetary and nonmonetary shock by restricting the response of the interest rate. The responses of labor market variables are similar across shocks: Expansionary shocks increase job creation, the job-finding rate, vacancies, and hours; and they decrease job destruction and the separation rate. Supply shocks have more persistent effects than demand shocks. Demand and supply shocks are equally important in driving business cycle fluctuations of labor market variables. The authors' findings for demand shock...
To: BUSINESS EDITORS Contact: Frank Tortorici, +1-212-339-0231, or Gad Levanon, +1- 212-339-0317, or June Shelp, +1-212-339-0369 all of The Conference Board
MONTPELIER, Idaho -- A rural hospital in southeastern Idaho has cut down on recruiting costs by tapping into the local community to recruit and train medical professionals to fill its job vacancies. Through the "Grow Our Own" program, Bear Lake Memorial Hospital selects 10 to 15 recruits each year and offers them financial support to go to school and become medical professionals at the hospital in the small town of Montpelier, where fewer than 3,000 residents live, according to the most recent U.S. Census Bureau report.
To: STATE EDITORS Contact: Frank Tortorici, +1-212-339-0231, or Gad Levanon, +1- 212-339-0317, or June Shelp, +1-212-339-0369, all of The Conference Board
The Denver Business Journal reported last week that, according to a survey by the Downtown Denver Business Improvement District and the Denver Office of Economic Development, residents of the Mile High City give panhandlers about $4.6 million a year. I'm not aware of any similar studies conducted here in the Springs, but based on U.S. Census figures for population and a few simple mathematical calculations (since I have a bachelor's of arts degree and complex mathematic formulas scare the bejesus out of me), I extrapolated that using the Denver figures as a guide, panhandlers pocket about $3 million annually in Colorado Springs.
To: LABOR EDITORS Contact: Frank Tortorici, +1-212-339-0231, or Gad Levanon, +1- 212-339-0317, or June Shelp, +1-212-339-0369, all of The Conference Board
The West Virginia Division of Highways is so strapped for workers it is relying on retirees for help during the winter. The department has 631 job vacancies, mostly truck-driving positions that are critical to plowing snow and dispersing salt.
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