US

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Raising Wages in US – Policies that work

As this paper explains, wage stagnation is not inevitable. It is the direct result of public policy choices on behalf of those with the most power and wealth that have suppressed wage growth for the vast majority in recent decades. Thus, because wage stagnation was caused by policy, it can be alleviated by policy. In … Continue reading

Middle Class in US – A map of the shrinking

The struggles of middle-class American families and growing income inequality have risen to the top of the national agenda. A new Stateline analysis shows that in all 50 states, the percentage of “middle-class” households—those making between 67 percent and 200 percent of the state’s median income—shrunk between 2000 and 2013. The change occurred even as … Continue reading

US – Participation and work schedules

With a working population in the range of 144 million, one tends to think of a rush of workers to their place of employment in the morning and a rush to home in the evening. But many parts of the work force do not fully participate in that diurnal work flow. Figure 6-2 provides fundamental … Continue reading

US – The unemployment rate for veterans declined to 5.3 percent in 2014

The unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001–a group referred to as Gulf War-era II veterans–declined by 1.8 percentage points over the year to 7.2 percent in 2014, the U.S. Bureau of Labor Statistics reported today. The jobless rate for all veterans, … Continue reading

US – Hourly wages for private-sector workers in data occupations 68 percent higher finds BLS

The growing importance of data in the economy is hard to dispute. But what does this mean for workers and jobs? A lot, as it turns out: higher paying (over $40/hour), faster growing jobs. In this report we identify occupations where data analysis and processing are central to the work performed and measure the size … Continue reading

Will people accept declining consumption in retirement or do they prefer steady real consumption?

If households accept declining consumption in retirement, they need less wealth to maintain their living standard. If households consume less once their kids leave home, they have a more modest target to replace and they save more between the emptying of the nest and retirement. These two assumptions are the levers that allow one to … Continue reading

Labor Market Polarization in US – Higher education and the Wage Gaps

The earnings gap between people with a college degree and those with no education beyond high school has been growing since the late 1970s. Since 2000, however, the gap has grown more for those who have earned a post-graduate degree as well. The divergence between workers with college degrees and those with graduate degrees may … Continue reading

The Labor Force Projections in US – A Map

From 2010 to 2030, patterns of labor force participation will change across regions of the United States. In some regions, the primary demographic effect will be changes in age structure, which will drive declines in labor force participation rates. In other regions, in-migration and changes in the racial and ethnic composition of the adult population … Continue reading

Retirement in US – Nearly 40 million working-age households (45 percent) do not own any retirement account assets reports finds

A new research report calculates that the U.S. retirement savings crisis continues to worsen, and that the typical working household still has virtually no retirement savings. When all households are included— not just households with retirement accounts—the median retirement account balance is $2,500. The median retirement account balance was $3,000 for all working-age households as … Continue reading

US Academic Job Market in Humanities – The number of positions advertised at least 30% lower

In an effort to place the job advertisements in the broader context of the humanities field, staff members at the Humanities Indicators gathered up the numbers reported by the larger societies back to 2001. The following chart summarizes data reported by the largest disciplinary societies in the humanities and highlights a pattern of decline among … Continue reading

Unemployment Insurance in US – The proportion of jobless workers receiving benefits fell to a record low of 23.1 percent in December 2014

The Great Recession and its aftermath created severe challenges for unemployment insurance (UI) programs in the United States and for jobless workers relying upon them. In this briefing paper, we show that state UI programs are failing their critical goals of income replacement and supporting economic growth. The proportion of jobless workers receiving benefits from … Continue reading

Workers’ Compensation in US – Since 2003, legislators in 33 states have passed laws that reduce benefits or make it more difficult to qualify

Over the past decade, state after state has been dismantling America’s workers’ comp system with disastrous consequences for many of the hundreds of thousands of people who suffer serious injuries at work each year, a ProPublica and NPR investigation has found. The cutbacks have been so drastic in some places that they virtually guarantee injured … Continue reading

US – Career planning for high schoolers

This article helps high school students plan for careers. The first section talks about exploring your interests. The second section highlights the importance of internships, jobs, and other opportunities for getting experience. The third section describes some education or training options, both in high school and afterward. The fourth section offers some thoughts on pursuing … Continue reading

US – The unemployment rate with the labor force droputs

So what does the unemployment rate picture look like if you take into account all of the labor force droputs since the end of the recession in June of 2009? Not pretty. If you take those labor force dropouts into account, the U.S. does not have an unemployment rate of 5.5 percent. Instead, it has … Continue reading

US February’s Jobs Report in Charts

Chosen excerpts by Job Market Monitor. Read the whole story at February’s Jobs Report in 10 Charts – Real Time Economics – WSJ. Related Post US Job Report for February 2015 – Total nonfarm payroll employment increased by 295,000 POSTED BY MICHEL COURNOYER ⋅ MARCH 6, 2015 ⋅ LEAVE A COMMENT Total nonfarm payroll employment increased by 295,000 in February, and the … Continue reading

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