When all about you are losing theirs

   It must be nice to hear that your job is more important than ever. Even if the reason your job matters more is that so many other people are losing theirs.
   The Eastern Association of Colleges and Employers, meeting this week in Amherst, brought in big-time economist Paul Harrington for an update on the economy or, as his talk was officially titled, "The Labor Market in a Deflationary Economic Context." That's important to a group that brings college career counselors together with corporate recruiters.
- Career counseling now vital
   Manufacturing firms that trained their own employees in specialized skills and provided lifetime livelihoods to industrious but minimally educated workers are gone for good, Harrington said. He said the manufacturing economy that must replace it — bioengineering, energy, information technology — will require both more formal education and more active contacts between colleges and universities on the one hand and employers on the other.

   Meanwhile, unemployment stats are out, and Buffalo is doing better.
- Regional jobless rate improves slightly
   The region’s unemployment rate improved to 8.3 percent in May, even though the pace of job losses here accelerated to its fastest rate since late 2001, the state Labor Department said today. [Chart. Details.]

   Other takes on unemployment numbers from The Poughkeepsie Journal, The Rochester Democrat & Chronicle, The Albany Times-Union, The Syracuse Post-Standard, The New York Times, The Boston Globe, The Portland Press-Herald, The Atlanta Journal-Constitution, The Los Angeles Times, The Charlotte Observer, The Houston Chronicle and, where it's really depressing, The Detroit Free Press. 

-- George Pyle/The Buffalo News
[Photo of March New York City job fair by AP]      

  

Comments

[Hank]

Hey, The Stimulus. Your not being stimulated?
Art Cashin on CNBC is plain talking: "It's part illusion, part hoax. And the fhttp://www.cnbc.com/id/31799792ire extinguisher's empty."

[Hank]

http://www.cnbc.com/id/31799792