US

This tag is associated with 955 posts

US – The “40-Hour” workweek is in fact 47 finds Gallup

Adults employed full time in the U.S. report working an average of 47 hours per week, almost a full workday longer than what a standard five-day, 9-to-5 schedule entails. In fact, half of all full-time workers indicate they typically work more than 40 hours, and nearly four in 10 say they work at least 50 … Continue reading

Jobless Claims in US (week ended Aug. 23) – Dropped again

The number of new applications for jobless benefits dropped again last week and remained near postrecession lows, the latest sign of improvement for the labor market. Initial claims for unemployment benefits fell by 1,000 to a seasonally adjusted 298,000 in the week ended Aug. 23, the Labor Department said Thursday. That was just below forecasts … Continue reading

US Map – 20 cities with less than 4% unemployment

Twenty metropolitan areas with unemployment rates below 4 percent Chosen excerpts by Job Market Monitor. Read the whole story at Map: 20 US cities with less than 4% unemployment – Vox.

Hiring Gender Gap for Business Grads in US – 5 percentage-point in job offer finds BW

Women graduating from college with business degrees are less likely to get early job offers than their male counterparts, according to new data from Bloomberg Businessweek. The data show that 52 percent of female business majors who graduated this year had been offered a job by January, compared with 57 percent of male students. The … Continue reading

US – The leisure and hospitality industry accounted for almost 1 out of every 5 nonfarm jobs added during the recovery

The most recent employment downturn was historic in many ways, but most notably, in the substantial number of jobs lost.  Data from the Bureau of Labor Statistics Current Employment Statistics (CES) survey show that total nonfarm employment fell by 8.7 million jobs between the employment peak in January 2008 and the employment trough in February … Continue reading

US – The education gap is a main reason for the growing income divide says Standard & Poor

Technological achievement has saved us time and reconfigured our daily routines, allowing us to focus on our own skills and boosting productivity and growth. These advances are naturally disruptive in the beginning as workers adjust; that disruption becomes alarming when people don’t have the means to adapt, making a lasting impact on career development. Although … Continue reading

US – 41 percent of American workers do not plan to use all their paid time off in 2014

Americans are overwhelmed—but they aren’t taking the breaks they’ve earned. Nearly three-quarters of workers say they are stressed at work, with one-in-four reporting they are either “very” or “extremely” stressed. It’s no surprise that Americans feel this way. Many workers leave their paid time off (PTO) unused, despite near-universal recognition of the importance and benefits … Continue reading

College and Employability in US – How are they doing and what are employers looking for?

How are colleges doing? Nearly seven out of ten employers surveyed indicated that colleges are doing a “good” or “excellent” job when it comes to producing successful employees; however, more work is required to change the minds of the 31% of respondents who gave colleges a “fair” to “poor” rating. HR has the most favorable … Continue reading

Welfare in US – TANF has provided basic cash assistance to fewer and fewer needy families

Eighteen years ago, the Temporary Assistance for Needy Families (TANF) block grant was created as a part of the 1996 welfare reform law to replace the Aid to Families with Dependent Children (AFDC) program.  Welfare reform provided states with a fixed block grant in exchange for greater flexibility in how they could use the funds.  … Continue reading

Unemployment in the US – The rate varied across race and ethnicity groups BLS finds

In 2013, the overall unemployment rate for the United States was 7.4 percent; however, the rate varied across race and ethnicity groups. The rates were highest for Blacks (13.1 percent) and for American Indians and Alaska Natives (12.8 percent) and lowest for Asians (5.2 percent) and for Whites (6.5 percent). The jobless rate was 9.1 … Continue reading

US – The job market in one chart

When the Fed commenced rate hiking cycles in 1994, 1999 and 2004, the involuntary part time labor share was materially lower, while the prime age employment ratio was significantly higher. To wit: the prime age employment ratio stood at 78.9%, 81.4% and 79.1% as each of the last three tightening cycles got underway.  In July the … Continue reading

US – Employers are no longer investing resources in training

Yesterday my colleague, Matthew Philips, raised an interesting question about the skill gap, pointing to new research that claims the problem is not that workers are unqualified, but that companies’ expectations have changed: They are no longer investing resources in training their staff. It’s not hard to see why. Training is expensive, and Philips notes … Continue reading

US – Satisfaction with many job aspects returns to high pre-recession levels

In the U.S., 58% of full- or part-time workers are completely satisfied with their job security. This represents an increase from the levels recorded during the aftermath of the Great Recession — from 2009 to 2013 — when roughly 50% of Americans said they were completely satisfied. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading

Work Sharing in the US

Short-time compensation (STC) is a program within the federal-state unemployment insurance system. In states that have STC programs, workers whose hours are reduced under a formal work sharing plan may be compensated with STC, which is a regular unemployment benefit that has been pro-rated for the partial work reduction. Although the terms work sharing and … 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

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