A Closer Look

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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

Indigenous workers in Canada – Unemployment rates are much higher

Unemployment rates for Indigenous workers are much higher than for non-Indigenous Canadian born workers, and are comparable to that of new Canadians. As you can tell by the graph below, the recession was more severe and lasted longer for Indigenous workers and new Canadians. So whenever we’re talking about labour market strategies and good jobs, … Continue reading

The Job Gap in US – 5.6 million jobs as of August 2014 finds The Hamilton Project

Each month, The Hamilton Project calculates America’s “jobs gap,” or the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who newly enter the labor force each month. As of the end of August 2014, our nation faces a jobs gap of … Continue reading

Demographics in US – Prime working-age population growing again

Changes in demographics are an important determinant of economic growth, and although most people focus on the aging of the “baby boomer” generation, the movement of younger cohorts into the prime working age is another key story in coming years. Here is a graph of the prime working age population (this is population, not the … Continue reading

Youth in US – Worse than in 1980s for job and pay

Young people of all races and ethnicities were not employed in 2013 at the rate they were a generation ago, according to data reported today by the National Center for Education Statistics, a division of the Education Department. Americans aged 20 to 24 who did have jobs were paid $4,800 less in 2012 than they … Continue reading

US – Unemployment is falling but still historically high

Six years after the financial panic that nearly sank the U.S. economy, it’s the millions of Americans who aren’t working, or working less than they want to, who pose a challenge to policymakers and a are major contributor to Americans’ persistently sour feeling about the economy. Although the official unemployment rate was down to 6.2% … Continue reading

Graying World – There will be 13 ‘super-aged’ nations by 2020

The world is graying at a break-neck pace and that’s bad news for the global economy. By 2020, 13 countries will be “super-aged” — with more than 20% of the population over 65 — according to a report by Moody’s Investor Service. That number will rise to 34 nations by 2030. Only three qualify now: … Continue reading

Cost Competitiveness – The old worldview now appears to be out of date

For the better part of three decades, a rough, bifurcated conception of the world has driven corporate manufacturing investment and sourcing decisions. Latin America, Eastern Europe, and most of Asia have been viewed as low-cost regions. The U.S., Western Europe, and Japan have been viewed as having high costs. But this worldview now appears to … Continue reading

US – Families in middle class make less than they did 5 years ago

The purchasing power of the typical American family is 3.1 percent lower now than it was five years ago. No wonder people are unhappy about the economy! The benefits of rising levels of economic activity have simply not accrued to middle-income wage earners. Chosen excerpts by Job Market Monitor. Read the whole story at  Why the Middle … Continue reading

US – Misconceptions about long-term unemployment

Misconception: The problem isn’t really that bad At the time of writing, there were 3.2 million long-term unemployed in the U.S. accounting for 32.9 percent of the labor force. We mentioned earlier that this was historically high — even higher than peaks recorded following earlier economic crises — but the graph above should illustrate how … Continue reading

Participation in the US – The decline

Ageing and the workforce The largest single factor behind the decline is the ageing of the population. In order to understand how an ageing population affects overall labour force participation, it is helpful to look at the participation rates of different age groups. Figures 2 and 3 show the participation rate profiles for men and … Continue reading

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