A Closer Look

This category contains 1085 posts

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Cost Competitiveness – The old worldview now appears to be out of date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

Skills Gap – Most evident in retail trade and restaurants

Floyd Norris has an interesting column comparing the numbers of job openings, hirings, and quits from 2007 with the most recent three months in 2014. The most striking part of the story is that reported openings are up by 2.1 percent from 2007, while hirings are still down by 7.5 percent. While Norris doesn’t make … Continue reading

Top 10 Skills that usually aren’t taught at school

10. Computer Science  With all the emphasis on learning to code these days, it’s hard to believe most schools aren’t teaching computer science. 9. Speed Reading Being a speed reader doesn’t make you a genius or necessarily help you truly comprehend books more than everyone else, but speed reading techniques can still be useful to … Continue reading

Over-65s in UK – More than one million are working

The number of employees over the age of 65 has jumped 36% to 1.09 million since 2010, according to research by Saga.  The Coalition abolished the default retirement age of 65 when it came to power, which has led to the proportion of over-65s in the workforce increasing from 3.4% to 3.6% over the past … Continue reading

Unemployment in US State-by-State : 38 Years in one map

A new map—presented as a GIF—is putting unemployment rates in historical context. Courtesy of Metric Maps, the image shows how unemployment rates have changed state-by-state from 1976 to 2014. Chosen excerpts by Job Market Monitor. Read the whole story at 38 Years of Unemployment Data Displayed in One Map.

UK – Becoming the self-employment capital of Europe

Whether they are a growing underclass or a sign of the UK economy’s bright future, the growing army of self-employed warrant our attention The UK workforce has expanded rapidly over the last year, with the working-age employment rate reaching historically high levels and net job creation of over 900,000 in the year to April 2014. … Continue reading

Journalism vs Public Relations in US – The growing pay gap

The salary gap between public relations specialists and news reporters has widened over the past decade – to almost $20,000 a year, according to 2013 U.S. Bureau of Labor Statistics data analyzed by the Pew Research Center. At the same time, the public relations field has expanded to a degree that these specialists now outnumber … Continue reading

Women in US – The top industries

It is undoubtedly a good time to be a female professional in the United States. According to the Bureau of Labor Statistics’ (BLS) most recent databook on women in the labor force, the unemployment rate for women was lower in 2012 than it was for men, and 38.0% of employed women aged 25 to 64 … Continue reading

Skills Gap around the World – How it affects the global economy (Infographic)

by CareerBuilder. Employers in the world’s 10 largest economies are all struggling with the same task: finding skilled workers to fill open positions. When businesses lack the necessary skilled workers, they suffer from less effective business performance, lower quality work, lower morale and higher employee turnover. via How the Skills Gap Affects the Global Economy | … Continue reading

The Seasons of Economic Cycle in US – Infographic

The United States is in the middle stage of the economic cycle… While the U.S. economy has grown over time, the growth has not been in a straight line. The variations in the pace of growth around the long-term trend are called economic cycles. Economic cycles have four distinct stages: recession, early (recovery), middle (mature), … Continue reading

US – Companies are getting older, not just people

Not only is the American population aging, businesses in the U.S. also are growing older. Older firms are increasingly controlling the largest market share in different sectors of the economy, according to a paper by the Brooking Institution’s Robert E. Litan and Ennsyte Economics’s Ian Hathaway. By 2011, the portion of U.S. businesses aged at … Continue reading

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