US

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Satisfaction With Job in US – Up from 2005 finds Gallup

Employed Americans’ satisfaction with 13 aspects of their current jobs has largely improved in the last decade. The percentages of workers “completely satisfied” with their health benefits and vacation time have increased the most since 2005, each rising at least 10 percentage points. Chosen excerpts by Job Market Monitor. Read the whole story at Americans’ Satisfaction With … Continue reading

US Jobless Claims – A decline after four straight weekly increases

The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy.  Initial jobless claims, a proxy for layoffs across the U.S., decreased by 6,000 to a seasonally adjusted 271,000 in the week ended Aug. 22 the Labor Department said Thursday. The decline comes after four straight weekly increases. Economists … Continue reading

US – 28 percent of these rich households with jobs in 2012 and with average income of $31.4 million got no paycheck in 2013

A very curious thing happened in 2013, when Congress raised the tax rates on top earners, from the 35 percent rate set under George W. Bush back to the Bill Clinton–era rate of 39.6 percent. More than 4,000 households that in 2012 enjoyed salaries averaging $6.5 million each stopped collecting paychecks, my analysis of IRS … Continue reading

US – Support for labor unions has jumped five percentage points to 58% over the past year

Americans’ approval of labor unions has jumped five percentage points to 58% over the past year, and is now at its highest point since 2008, when 59% approved. In the interim, the image of organized labor had suffered, sinking to an all-time low of 48% in 2009. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading

UK – Schools are too focused on exam results alone say students themselves

Schools are still far too focused on exam results and are not doing enough to equip their students for the workplace, according to students themselves. The new research released today, which questioned both secondary school aged students and their parents, saw three quarters (76%) of pupils say that their school trains them just to pass … Continue reading

Unbundled Higher Education in US – How to facilitate access while protecting consumers and taxpayers

In the face of increasing costs and lackluster outcomes, traditional higher education is under increasing pressure to prove its value proposition. Meanwhile, new providers have “unbundled” the components of a postsecondary degree or certificate, offering stand-alone courses or sequences of courses, targeted job training, and assessments and certifications, often at much lower cost than existing … Continue reading

US – Of the 6.6 million jobs added during the recovery, 2.9 million were good jobs report finds

After years of slow growth, jobs are back in large numbers. The national unemployment rate is now 5.3 percent, down from the peak of 10 percent in October 2009. The economy added 250,000 jobs per month in 2014, the best year in job growth since the beginning of the millennium. The job growth fell off … Continue reading

Telecommuting for Work in US – From 9% to 37% in 20 years Gallup finds

Thirty-seven percent of U.S. workers say they have telecommuted, up slightly from 30% last decade but four times greater than the 9% found in 1995. These results are based on Gallup’s annual Work and Education poll, conducted Aug. 5-9. Chosen excerpts by Job Market Monitor. Read the whole story at In U.S., Telecommuting for Work Climbs to … Continue reading

Prime Age Workers in US – 6.1 percentage points decline in employment between 1999 and 2013

The share of prime-age adults who worked at some point during the year declined about 6.1 percentage points between 1999 and 2013 (note this differs somewhat from LFP). The share of people who did not work during the year because they could not find work (unemployed) picked up around 1.6 points. The share of people who … Continue reading

The Current Population Survey (CPS) in US – A massive fraud coming out of its Philadelphia region

Back in 2012 a whistleblower told the Census Bureau about a massive fraud coming out of its Philadelphia region. One of the guys who was supposed to be going door-to-door surveying people in the Washington, DC, area about their employment situation was faking the responses. As it turned out, that guy — Julius Buckmon — … Continue reading

US – Higher education didn’t protect hispanic and black wealth study finds

College-educated families usually earn significantly higher incomes and accumulate more wealth than families headed by someone who does not have a four-year college degree. The income- and wealth-boosting effects of education apply within all racial and ethnic groups. Higher education may also help “protect” wealth, buffering families against major economic and financial shocks and mitigating … Continue reading

US – The rightward shift in the Beveridge curve

One feature of how the labor market looks different from before the Great Recession is captured in the Beveridge curve relationship, as shown here (vacancy rate vs. unemployment rate): We’re interested in the Beveridge curve, in part because the relationship falls out of conventional Mortensen-Pissarides search models of the labor market. In that model, we … Continue reading

US – 40% of survey respondents say they’re living paycheck-to-paycheck

While the U.S. economy continues to improve and consumer sentiment remains above a baseline level for optimism, many consumers are still searching for fiscal relief. In fact, 40% of respondents in a recent Nielsen survey say they’re living paycheck-to-paycheck. But in today’s world, what does it actually mean to live paycheck-to-paycheck? In its most basic … Continue reading

Temporary Help Workers in the U.S. Labor Market

The number of jobs in the temporary help services industry reached an all-time high of 2.9 million in May 2015, accounting for 2.4 percent of all private sector jobs in the U.S. economy. This short report looks at the latest official U.S. government statistics on the temporary help services industry and its workforce to provide … Continue reading

US – Teens aren’t working summer jobs anymore

At 41.3 percent, the July labor force participation rate of teens was the lowest for the month in the post-World War II period. The teenage summer job has been going the way of telephone booths and the cassette tape for decades. The length of the downward trend has been masked by the fact that it’s hard … Continue reading

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