A Closer Look

This category contains 1110 posts

US – Labor Market Trends For 2015

Below are my top ten predictions for the workplace for 2015.  1. Companies hiring Generation Z for internships. 2. More millennials are taking leadership roles. 3. Honesty becomes a revered leadership trait. 4. The skills gap continues to widen. 5. The continuous job search picks up. 6. Mobile hiring and the mobile job search explode. … Continue reading

Europe – Fewer people outside the labour force in 2013

This statistical article analyses the economically inactive population, i.e. the population that is neither employed nor unemployed. Since 2002 and despite the economic crisis, the share of the inactive population in the total population of working age has fallen from 31.4 % to 28.0 % in the EU-28 (see Figure 1). This corresponds to a reduction of … Continue reading

China – An increase in the minimum wage leads to a small decline in employment research finds

Our study is the first to use data on minimum wage changes for over 2400 counties in China. We combine the information on minimum wages changes with employment data from the Annual Survey of Industrial Firms, which covers over 70 percent of China’s manufacturing employment. While China instituted a minimum wage system in 1994, enforcement … Continue reading

The Digital Skills Gap – IT can only improve performance with the right training

You’d think that with the advance of emerging computer, nano, mobile — and now yes, even wearable — technologies, individual productivity would be soaring. Instead, of the more than 200 million adults in the US digital workforce, only one in ten consider themselves ‘very proficient’ with the digital tools they use every day. And research … Continue reading

Retirement in US – Saving for it is a formidable challenge for middle-class finds Wells Fargo

Wells Fargo did as much as it could to soft-pedal the findings of its fifth-annual Middle Class Retirement Survey, released Wednesday, but the horrific numbers speak for themselves.A formidable challenge? No kidding. More than a third of middle-class families aren’t saving anything in a 401(k), IRA or other vehicle, the survey found. For those 50 … Continue reading

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

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