A Closer Look

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Unemployment in US – The largest drop in the rate between a presidential and midterm elections on records

Midterm elections often end up serving as a referendum on the president’s performance. Given this, I’ve been surprised not to hear Democrats more aggressively trumpeting the improving economy. After all, the unemployment rate has fallen by two percentage points since the last election, and at 5.9 percentage points it is far lower than many had … Continue reading

US – Unemployment threatens family stability studies find

Two new studies illustrate how long-term unemployment hurts not only workers, but their families, reports Eric Pianin at the Fiscal Times. A report from the John J. Heldrich Center for Workforce Development chronicles how the long-term unemployed (those out of work for more than six months) have struggled during the recovery. One in every three … Continue reading

CEOs to Unskilled Workers Pay Ratio – Double what you think is ideal research finds

In their recent research, scheduled to be published in a forthcoming issue Perspectives on Psychological Science, Chulalongkorn University’s Sorapop Kiatpongsan and Harvard Business School’s Michael Norton investigate “what size gaps people desire” and whether those gaps are at all consistent among people from different countries and backgrounds. It turns out that most people, regardless of nationality or … Continue reading

US – It is taking longer and longer to fill a job

With the size of the labor force shrinking, it’s no wonder that it is taking longer and longer to fill a job. Now Wanted Technologies, which analyzes online job postings from corporate sites, job boards, and elsewhere, found that for the most in-demand jobs, as determined by the number of ads posted online, job posting time … Continue reading

Dual labor markets in US – The decline in fluidity

Many people have assumed that most of the change has been happening within companies, as certain employees get disproportionately bigger paychecks. But a new study of U.S. incomes since the 1970s shows that most of the rise in inequality has been due to a greater spread in average earnings across companies. The researchers — Erling … Continue reading

The Job Market in US – Full and Part Time: A chart

The chart below measures the net change in the number of full time, part time and the total number of jobs from that point through the present. Here, we see a large increase in the number of  jobs during the official period of recession as the number of full time jobs plummeted, which coincides with … Continue reading

The Skills gap in US – The available evidence does not support the idea that there are serious skill gaps or skill shortages writes Wharton School’s prof

Overall, the available evidence does not support the idea that there are serious skill gaps or skill shortages in the US labour force. The prevailing situation in the US labour market, as in most developed economies, continues to be skill mismatches where the average worker and job candidate has more education than their current job … Continue reading

Wealth in US – Gains occurred only among households wealthier than the most wealthy 5%

Earlier this month the Federal Reserve reported that the minimum wealth needed to qualify for the wealthiest 5% of American households fell from 2010 to 2013.  The decline in the cutoff indicates that wealth gains occurred only among households wealthier than the most wealthy 5%. The growth in the nation’s wealth from $55 trillion in … Continue reading

The aftermath of the Great Recession in US – Historically terrible for the middle class

The Census Bureau has been tracking median household income since 1967. America has endured seven recessions since then. The first five of those recessions saw a similar pattern when they ended: By the fifth year of recovery, median incomes had risen. This was true even for the recession that ended in 1980 – when the … Continue reading

US – An increasing number of people have been to prison or who have been convicted of a felony

This surprisingly large group might have difficulty finding work even in a good job market, making it harder for the Fed to stimulate the economy back to full strength. As a result of policies intended to curb violent crime and drug use, more and more people have been arrested, convicted of a felony, or sent to prison in recent decades, especially … Continue reading

Young US Scientists – Too few university jobs

In the United States, more than 40,000 temporary employees known as postdoctoral research fellows are doing science at a bargain price. And most postdocs are being trained for jobs that don’t actually exist. Academic institutions graduate an overabundance of biomedical Ph.D.s — and this imbalance is only getting worse, as research funding from the National … Continue reading

The Social Media Skills Gap – Millennials might not be the answer

Most companies naturally recruit millennials to fill positions that rely heavily on hopscotching through the digital social realm. That’s a mistake, says William Ward, Ph.D., because many digital natives used Facebook, Instagram, Twitter, and the like, strictly for maintaining connections to friends. In fact, one in ten young people are rejected from a job because … Continue reading

Deadliest Jobs in US – A good number are outdoors

A good number of the deadliest jobs in the US are done outdoors. Logging, fishing, farming, and construction are just a few of the jobs that are far more deadly than the national rate, of 3.2 deaths per 100,000 full-time-equivalent workers. [Below] are the 11 job categories with the highest fatal injury rates among all the … Continue reading

Job Search in US – It has changed in the aftermath of the Great Recession

The proportion of unemployed individuals who spent some time on an average day searching for a job increased from 20 percent to 24 percent after the recession. However, and perhaps surprisingly, among those unemployed who did search, the average time spent on job search looked very similar in the five years on either side of … Continue reading

US – Disentangling poverty and unemployment

Historically, the poverty rate has moved with the unemployment rate. Since 1970, in fact, the official poverty rate has spiked during each recession. Intuitively, this makes sense—if you lose your job, then you lose access to a steady stream of income. When you find a new job—as people are wont to do in the recovery … Continue reading

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