United States

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US – The Wage Stagnation in charts

Wage stagnation for the vast majority was not created by abstract economic trends. Rather, wages were suppressed by policy choices made on behalf of those with the most income, wealth, and power. In the past few decades, the American economy generated lots of income and wealth that would have allowed substantial living standards gains for … Continue reading

Closing the Skills Gap in US – Walmart pledges $100 million to boost jobs

America’s largest company launches a new initiative to help the retail industry close the skills gap that keeps Americans unemployed.  One week after announcing plans to increase the pay of low-wage workers to at least $9 an hour, Walmart is delivering more good news on the job front: The company will donate $16 million to … Continue reading

2015 US Manufacturing Skills Gap Report – The skills gap is widening

A strong manufacturing industry is fundamental to our nation’s economic prosperity. Since the industrial revolution, manufacturing has contributed to higher export potential, better standards of living, and more jobs. Investments in manufacturing have a strong multiplier effect for the broader economy, too. Every dollar spent in manufacturing adds $1.37 to the U.S. economy, and every 100 … Continue reading

Millennials in US – Myths, Exaggerations and Uncomfortable Truths : an IBM Study

IBM today announced that pretty much everything you thought you knew about Millennials could well be wrong. A new IBM study reveals much of the hype about Millennial employees simply isn’t true. They aren’t the “lazy, entitled, selfish and shallow” workers that many believe them to be. The results of the global, multigenerational study “Myths, Exaggerations and Uncomfortable Truths” … Continue reading

US – Alternative entrepreneurship measures indicate that entrepreneurship is back to pre-crisis levels Boston Fed finds

In recent years, it is argued, the level of entrepreneurial activity in the United States has declined, causing concern because of its potential macroeconomic implications. In particular, it is feared that a lower rate of firm creation may be associated with lower productivity growth and, hence, lower economic growth in the coming years. This paper … Continue reading

US – Unemployment rates among college graduates are declining

Hard times are becoming better times for most college graduates, though how much better varies widely among college majors – and for Communications and Journalism majors, whose unemployment rates are still rising, better times have yet to arrive. Overall, however, unemployment rates among college graduates are declining. The earnings advantage they enjoy over high school … Continue reading

US – The broad facts of income inequality over the past six decades

The broad facts of income inequality over the past six decades are easily summarized: The years from the end of World War II into the 1970s were ones of substantial economic growth and broadly shared prosperity. Incomes grew rapidly and at roughly the same rate up and down the income ladder, roughly doubling in inflation-adjusted … Continue reading

US – The 2015 Economic Report of the President on the labor market

Chapter 3  of  [The 2015 Economic Report of the President] addresses the opportunities and challenges facing the U.S. labor market. The sharp drop in unemployment in 2014 came amid a stabilization in the labor force participation rate and the strongest annual job growth since the 1990s as businesses added more than 3 million jobs. But … Continue reading

Massive Open Online Courses (MOOC) in US – Coursera goes to train the unemployed

As Coursera has expanded to become a leading platform for massive open online courses, so has  its acceptance as a training ground for skills sought after by employers around the world. In this interview with McKinsey’s Michael Chui, Coursera CEO Richard Levin, whose background includes 20 years as president of Yale University, explores the platform’s … Continue reading

US – Measuring the Skills Gap

CIO Magazine Publisher Emeritus Gary J. Beach has been studying the skills gap problem for a number of years and has authored numerous articles on the subject. In 2013, he published a book titled The U.S. Technology Skills Gap. I recently asked him why there is an overall lack of awareness about the skills gap … Continue reading

People with Disabilities in US – Recruiting, Hiring, Retaining, and Promoting: A guide for employers

This resource guide identifies relevant federal and federally funded resources for employers looking to recruit, hire, retain, and promote people with disabilities. It is designed to answer common questions raised by employers and to identify relevant resources for employers who want additional information on specific topics. The goal of this guide is to help employers … Continue reading

US Poverty Rate – 14.5% in 2013, compared to 15.0% in 2012 CRS finds

In 2013, the official U.S. poverty rate was 14.5%, compared to 15.0% in 2012, and marked the first statistically significant drop in the rate since 2006. In 2013, 45.3 million persons were estimated as having income below the official poverty line, a number statistically unchanged from the estimated 46.5 million poor in 2012. (See Figure … Continue reading

Pharmacy Schools in US – Their number grew by 48 in 14 years

Pharmacy programs usually take six years — two years of undergraduate work at a university or community college and four years of professional training — at the end of which most students earn a doctorate of pharmacy (Pharm.D.) degree. The average pharmacy school student borrows $130,000, according to a 2013 survey of graduates by the … Continue reading

Texas – Largely responsible for net job increase since 2007 AEI finds

It’s a pretty impressive story of how job creation in just one state – Texas – has made such a significant contribution to the 1.169 million net increase in total US employment (+1,444,290 Texas jobs minus the 275,290 non-Texas job loss) in the seven year period between the start of the Great Recession in December … Continue reading

Paid Parental Leave in US – What are the true economic effects ?

What are the true economic effects of paid leave? Real-life experiments are underway in three states that already have operational paid leave programs: California, New Jersey and Rhode Island. Their experiences — particularly California’s, where the policy is a decade old — offer some answers. (New Jersey’s started in 2009 and Rhode Island’s last year.)  … Continue reading

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