Job Market Monitor
A Closer Look
College Education in US – The gender gap is growing
The growing gender gap in higher education – both in enrollment and graduation rates – has been a topic of conversation and debate in recent months. Young women are more likely to be enrolled in college today than young men, and among those ages 25 and older, women are more likely than men to have … Continue reading
Labour Market Recovery in Canada and US – Opposite directions for self-employment
There has been a surge in self-employment in the US of 2.8%, in contrast to Canada’s dip of 8.6% – whether this can be viewed in favourable terms is debatable Chosen excerpts by Job Market Monitor. Read the whole story @ Exclusive Feature – Labour market: The recovery in review
Job Openings and the Beveridge Curve in US – It shifted further outward during and after the COVID-19 pandemic
What are job openings? Using a sample of 16,000 employers, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) measures the number of people who have left their jobs. JOLTS also counts the number of positions for which employers are actively recruiting and would start within 30 days of hire. The number … Continue reading
Life Satisfaction in US – More people say they’re not too happy than say they’re very happy for the first time
More people say they’re not too happy than say they’re very happy for the first time since the survey began. The question : Taken all together, how would you say things are these days–would you say that you are very happy, pretty happy, or not too happy? Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
Labor Market in US – It reflect the economy’s robust recovery from the coronavirus pandemic
Evgeniya Duzhak, regional policy economist at the Federal Reserve Bank of San Francisco, stated her views on the current economy and the outlook as of February 10, 2022. The improvements in the labor market reflect the economy’s robust recovery from the coronavirus pandemic. The unemployment rate in January stands at 4.0%, close to the natural … Continue reading
COVID-19 Impacts on Workers in US – Households with income less than $25,000 were 3.5 times as likely to report missing an entire week of work
Household Pulse Survey (HPS) data reveal stark inequities in COVID-19-related outcomes by income. Among working-aged Americans, those with 2019 household incomes less than $25,000 were 3.5 times as likely to report missing an entire week of work mainly due to their own or loved ones’ COVID-19 symptoms, relative to those earning $100,000 or more (Figure). … Continue reading
Participation in US – Labor market exits and entrances are elevated
Although people out of the labor force continue to enter each month at elevated rates, two findings suggest particular risk for the labor market outlook going forward: (1) the exit rate out of the labor market is generally more elevated among those without a four-year postsecondary degree and (2) people who are unemployed continue to … Continue reading
Labor Force Participation in US – Why Isn’t it recovering?
While the unemployment rate continues to fall quickly, labor force participation has made no progress since August 2020. In this US Daily, we examine where labor force participation remains weak and potential explanations for its underperformance. Most of the 5.0mn persons who have exited the labor force since the start of the pandemic are over … Continue reading
Immigration in US – Key facts
Key facts about U.S. immigration Chosen excerpts by Job Market Monitor. Read the whole story @ Key facts about U.S. immigration policies and Biden’s proposed changes | Pew Research Center
Covid and Gender Gap in US – Some workforce disparities grew
The COVID-19 recession resulted in a steep but transitory contraction in employment, with greater job losses among women than men. The recovery began in April 2020 and is not complete. As of the third quarter of 2021, the labor force ages 25 and older remains nearly 2 million below its level in the same quarter … Continue reading
GDP – How do the different economies of the world compare
Just four countries-the U.S., China, Japan, and Germany-make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the U.S. alone is greater than the combined GDP of 170 countries. How do the different economies of the world compare? In this visualization we look … Continue reading
UI in US – States are using COVID relief funds to pay off unemployment insurance debt
Because the COVID-19 pandemic and ensuing recession led to skyrocketing unemployment rates in early 2020, 23 states were forced to take out federal loans to continue paying out unemployment insurance (UI) benefits. While interest was initially waived on these loans, these debts started to collect interest after Labor Day of 2021. In recent months, many … Continue reading
Ageism – Hiring managers perceived only about 15 to 18 percent of the 45-plus candidates they saw to be a fit
New research quantifies the struggles that midcareer workers—those 45 and over—worldwide face and suggests possible interventions to level the playing field. Roberta Fusaro: Just recently, you and your colleagues at Generation released a report that looks at the plight of workers age 45 and older. The findings suggest that people in this cohort are struggling, … Continue reading
Minimum Wage in Canada – Who earns it (infographic)
Source: who-earns-the-minimum-wage-in-canada-infographic-canada.jpg | Fraser Institute Over the past decade all Canadian provinces have raised their real (inflation-adjusted) minimum wage. The size of these increases has varied considerably from place to place. The four largest provinces implemented particularly large increases. These ranged from 20.2 percent in Quebec to 46.4 percent in Alberta. One of the most … Continue reading
The COVID Retirement Boom – Over 3 million excess retirements says St-Louis Fed
The labor force participation rate1 registered its largest drop on record in 2020, falling from 63.2 percent in the fourth quarter of 2019 to 60.8 percent in the second quarter of 2020.2 By the second quarter of 2021, the rate had recovered slightly, to 61.6 percent, but was still 1.6 percentage points below its pre-pandemic … Continue reading
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