A Closer Look

This category contains 1068 posts

Youth Unemployment – Current high levels will be felt by society for decades

It is clear that youth unemployment leads to many negative outcomes in terms of both material and mental wellbeing. Here, Ronald McQuaid summarises the multiple scarring effects of youth unemployment. Current high levels of youth unemployment will therefore be felt by society for decades, making effective policy responses incredibly important.  Being unemployed when young leads to a higher likelihood … Continue reading

US – Long-term unemployment might be falling for the good reason

in the past six months, unemployment has fallen much faster than expected, from 6.7 to 6.1 percent. And as you can see above, 88 percent of that has been due to declining long-term unemployment. Chosen excerpts by Job Market Monitor. Read the whole story at The long-term unemployed might finally be getting jobs – The Washington Post. … Continue reading

US – The short-term unemployment rate has returned to its pre-recession average, so what ?

Because the short-term unemployment rate has returned to its pre-recession average, one important implication—if the hypothesis that the long-term unemployed are largely on the margins of the labor market is correct—is that further declines in short-term unemployment would be expected to be associated with rising inflation and stronger real wage growth. So has this trend … Continue reading

Skills Gap in US – The case of construction workers

Homebuilders have had a difficult time finding labor. This might sound odd considering that 1.5 million construction workers lost their jobs during the recession and only about 80,000 construction jobs have been added back since the recovery began, says Bank of America’s Michelle Meyer. To get a better sense of the health of the construction … Continue reading

Half the world’s population lives in six countries

More than 7.2 billion people exist in the world today with half the global population residing in just six countries, United Nations data show. China and India have some of the biggest populations with more than 1 billion people each. And those numbers are projected to get even bigger, especially in urban areas. The U.N. … Continue reading

IT – Jobs being matched with job seekers less efficiently than in the past

Expanding use of technology that uses ultra-specific criteria to screen and winnow candidates may be perpetuating one of the most unusual features of the slow rebound in the U.S. labor market: Despite a steady increase in openings since the recession ended in 2009, these positions are being matched with job seekers less efficiently than in … Continue reading

Minimum wage for most tipped workers in US – $2.13 an hour (video)

Economic analyst and former tipped worker David Cooper explains how tipped workers get paid. The minimum wage for most tipped workers is only $2.13 an hour. That means the customer is on the hook for paying the bulk of these workers’ wages. via The truth about how tipped workers get paid – YouTube. Related Posts … Continue reading

Youth Unemployment Around the World

Young people aged 15-24 are a key consumer group, which have been badly hit by unemployment in most countries since the start of the global economic downturn in 2008 and the profits of many consumer goods companies have been hit as a result. Western Europe had the highest average youth unemployment rate in 2013 at … Continue reading

US – Half of young people under 25 live “in their parents’ home,” says Census. OK but…

More than 15.3 million twentysomethings—and half of young people under 25—live “in their parents’ home,” according to official Census statistics. Theres just one problem with those official statistics. Theyre criminally misleading. When you read the full Census reports, you often come upon this crucial sentence: It is important to note that the Current Population Survey counts … Continue reading

US – 40% of unemployed workers are millennials

The jobs market is improving, according to government data released Thursday, but millennials are still left out in the cold. They’re suffering more than any other age group, new research finds. Some 40% of unemployed workers are millennials, according to an analysis of U.S. Census data by the Georgetown University Center on Education and the … Continue reading

(Update) June US Job Report – Full-time employment down 523 000 while part-time up by 800 000

As reported yesterday, total nonfarm payroll employment increased by 288,000 in June in US. But the household survey indicates that full-time employment is down 523 000 while part-time up by 800 000. Type of work May 2014 June 2014 Change Full-time workers 118,727 118,204 -0,523 Part-time workers 27,219 28,018 0,799 Source: Table A-9. Selected employment indicators … Continue reading

Education in US – No more the great equalizer

Education was historically considered a great equalizer in American society, capable of lifting less advantaged children and improving their chances for success as adults. But a body of recently published scholarship suggests that the achievement gap between rich and poor children is widening, a development that threatens to dilute education’s leveling effects… One reason for … Continue reading

US – Most graduates have changed careers once by the age of 24

Most of today’s graduates have already changed careers at least once by the age of 24, new research has found. So if you’ve started your career and are already thinking about quitting, you’re in good company. This is also good news the Class of 2014, who may be worried about making a ‘mistake’ when choosing … Continue reading

Increase in Life Expectancy – The greatest cultural and scientific advances in our history or a crisis ?

A demographic tool has become an economic one, treating a demographic challenge as both an economic crisis and a basis for pessimism justifying drastic reductions in bedrock government programs, including those supporting children and the poor. Even at state and local levels, the aging boomer demographic is repeatedly blamed for our economic difficulties. That is … Continue reading

Mismatches in US – Something happened in 2008

Something happened in 2008: the Beveridge Curve shifted to the right and stayed that way. That means employers aren’t hiring as many unemployed people as they should be, according to a pre-2008 view of the world. It is also one of the reasons the economy feels like it is still bad, even though the recession … Continue reading

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor via Twitter

Categories

Archives

Follow

Get every new post delivered to your Inbox.

Join 1,590 other followers