Job Market Monitor
Michel Cournoyer
US – Hiring is up but wage growth is not
Companies have finally begun taking on staff in consistently greater numbers, half a decade after the end of a deep recession brought on by one of the most punishing financial crises in history. What companies haven’t been doing yet is offering consistently greater pay. That means an urge to start bringing forward expectations for when the … Continue reading
Globalisation – Average income increased, but the gains were concentrated among employees of large exporting firms study finds
How does increased openness to international trade affect workers’ wages and job security? This question is central to the public debate concerning the effects of globalisation, but convincing quantitative answers have been difficult to come by. Trade liberalisations are often accompanied by labour market reforms, making it difficult to isolate their effects. This column discusses … Continue reading
UK – 10 questions would-be undergraduates to ask at universities
Prospective university students are being encouraged to ask difficult questions as part of a University and College Union campaign for greater transparency in higher education, launched today. The union has produced a list of 10 questions it wants would-be undergraduates to ask. UCU general secretary, Sally Hunt, said that students were “bombarded by information these … Continue reading
US – Of 4 million job openings posted online, 2 million are for college graduates New Georgetown report finds
More than 80 percent of job openings for workers with a bachelor’s degree or better are posted online, compared to less than 50 percent of job openings for workers with less education*, according to a new report from the Georgetown University Center on Education and the Workforce. The report analyzes the demand for college talent … Continue reading
US – Near 6 out of ten of 2014′s new jobs pay higher than average
The U.S. is not just adding jobs at the fastest pace since the end of the Great Recession. Hiring is also more spread out and the new jobs pay better than in years past. As the chart below shows, more than half the jobs the economy has added so far this year are in positions … Continue reading
Quit Rate in US – At highest rate since 2009 downturn
In the darkest days of the last recession, few among those who had jobs were able, willing or bold enough to quit them. That is changing, however, according to a statistic called the national “quit rate,” which some might call the “Take this job and shove it” index. The figure shows that the percentage of … Continue reading
US – 40% of unemployed workers are millennials
The jobs market is improving, according to government data released Thursday, but millennials are still left out in the cold. They’re suffering more than any other age group, new research finds. Some 40% of unemployed workers are millennials, according to an analysis of U.S. Census data by the Georgetown University Center on Education and the … Continue reading
US – The Employment Situation in June as seen by The White House
KEY POINTS IN TODAY’S REPORT FROM THE BUREAU OF LABOR STATISTICS 1. The private sector has added 9.7 million jobs over 52 straight months of job growth. Today we learned that total nonfarm payroll employment rose by 288,000 in June, mainly reflecting a 262,000 increase in private employment, which is above the 203,000 per month … Continue reading
(Update) June US Job Report – Full-time employment down 523 000 while part-time up by 800 000
As reported yesterday, total nonfarm payroll employment increased by 288,000 in June in US. But the household survey indicates that full-time employment is down 523 000 while part-time up by 800 000. Type of work May 2014 June 2014 Change Full-time workers 118,727 118,204 -0,523 Part-time workers 27,219 28,018 0,799 Source: Table A-9. Selected employment indicators … Continue reading
June US Job Report – Total nonfarm payroll employment increased by 288,000 and unemployment rate declined to 6.1 percent, the lowest since September 2008
Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by employment growth in professional and businessservices, retail trade, food services and drinking places, and health care. Household Survey Data In June, the unemployment rate … Continue reading
US – College degree or vocational education ?
The U.S. Bureau of Labor Statistics estimates that only 27 percent of jobs in the U.S. economy currently require a college degree. By comparison, the U.S. Census Bureau reports that 47 percent of workers today have an associate degree or higher. The BLS projects that the proportion of jobs requiring a college degree will barely … Continue reading
Youth in US – 5.8 million young people are neither in school nor working
It makes some sense that young people might work less than their older counterparts. They are figuring out their lives, going in and out of school and making more short-term plans. But a whopping 5.8 million young people are neither in school nor working. It is “a completely different situation than weve seen in the … Continue reading
US – Private-sector employment increased by 281,000 says ADP Job Report for June 2014
Private-sector employment increased by 281,000 from May to June, on a seasonally adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report – June 2014 | NER.
US – The net gain in the number of employed since 2000 has gone to immigrants
Since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal). This is remarkable given that native-born Americans accounted for two-thirds of the growth in the total working-age population. Though there has been some recovery from the Great Recession, there … Continue reading
Car Industry in UK – 44,000 more jobs to 750,000
Britain’s booming automotive industry now employs three quarters of a million people after adding 44,000 jobs last year. Investment by manufacturers, demand for new models and companies in the supply chain bringing work home – known as “reshoring” – helped drive the increase, according to the data from trade body the Society of Motor Manufacturers … Continue reading
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