Job Market Monitor
A Closer Look
Youth in US – The employment rate for teens fell from 43 percent in 2000 to 26 percent in 2014. Why ?
The employment rate for teens fell from 43 percent in 2000 to 26 percent in 2014, and for young adults aged 20 to 24, it fell from 70 to 62 percent. These are big drops. In a new analysis, I take a deeper look at employment trends among young people. When employment rates are broken … Continue reading
Rising Inequalities in OECD Countries – Gini coefficients 1985 vs 2013
Source: Sighing for paradise to come | The Economist
Skills in the Digital Economy – Nation’s advanced industries talent supply chain is being challenged to deliver new kinds of value in new ways
The observation that “software is eating the world” has become a truism. However, not enough has been said about what software means for workforce development. Waves of tech have been radically changing what workers do, yet neither the workforce system nor company human resource departments have adequately responded. With digital technologies transforming firms’ talent needs, … Continue reading
College in US – Of the 1,027 private colleges studied, 761 have graduation rates of less than 67 percent
But while, on average, college graduates have lower unemployment rates, earn higher wages and even have longer-lasting marriages, there’s less discussion of the many students lost between enrollment and graduation. The challenges can be greatest for the 7.2 million students who need federal loans to attend college. According to a new report by Third Way, … Continue reading
NEETs in US – Three million young people are “disconnected”
Three million young people are neither in school nor working, finds a report released today by the Brookings Metropolitan Policy Program. These “disconnected youth” are primarily people of color. In some metros, black and Latino youth are up to six times more likely to be disconnected than young whites. The report, “Employment and disconnection among … Continue reading
The Sharing Economy – The gains are captured primarily by people below median income
What does your research show about the potential benefits – as well as potential downsides – of these new ways of making money? In some of my own work, I take a stab at quantifying impact by imagining an economy in which, in addition to buying new and used products, consumers can rent from each … Continue reading
Skills Gap – Early childhood education, foundation for a skilled workforce of the future
Want to build a talent pipeline? Invest in early childhood education. That’s the message of ReadyNation, an organization of 1,400 business leaders who believe that quality education for young children is the foundation for a skilled workforce of the future. James Spurlino, president of Spurlino Materials, has had trouble for the last 10 years filling … Continue reading
Gender Wage Gap – Most of the gender pay gap occurs within professions
It’s deceptively easy to calculate how much—or how little—women in the United States earn relative to men. “You take everyone who’s working 35 or more hours a week for the full year, find the median for women, find the median for men, and divide,” says Lee professor of economics Claudia Goldin, explaining how to arrive at … Continue reading
Immigration in US – More immigrants than any other country, but the share of foreign born is modest
By a wide margin, the U.S. has more immigrants than any other country in the world. As of 2015, the United Nations estimates that 46.6 million people living in the United States were not born there. This means that about one-in-five international migrants (19%) live in the U.S. The U.S. immigrant population is nearly four … Continue reading
Teachers – What they do when they leave teaching
There’s a chart taken from data from the “Teacher Follow-up Survey” (TFS) of the School and Staffing Survey, which is administered to school teachers nationwide every four years by the U.S. Department of Education. We see in the chart that about 16 percent of teachers exited a school in recent years, combining both exits represented … Continue reading
Working Time in US – Increased by 20 percent between 1969 and 2000 for couples
Economists predicted that as we became more prosperous we would choose to work fewer hours. That hasn’t happened. Instead we have kept on working at about the same pace as we did earlier in our history, but have poured all of the gains from productivity growth into ever-higher levels of consumption – bigger houses, more … Continue reading
Middle Class in US – Losing ground in metropolitan areas
The American middle class is losing ground in metropolitan areas across the country, affecting communities from Boston to Seattle and from Dallas to Milwaukee. From 2000 to 2014 the share of adults living in middle-income households fell in 203 of the 229 U.S. metropolitan areas examined in a new Pew Research Center analysis of government … Continue reading
Skills – The economic value of literacy and numeracy
Even in OECD countries, where an increasing proportion of the workforce has a university degree, the value of basic skills in literacy and numeracy remains high. Indeed, in some countries the return for such skills, in the form of higher wages, is sufficiently large to suggest that they are in high demand and that there … Continue reading
Infrastructure Investment in US – A prominent role in the labor market
As the U.S. labor market continues to gain momentum, concerns over wage stagnation and income inequality persist, especially at a regional level. In response, many public, private, and civic leaders across a variety of metropolitan areas are forging new collaborations and launching innovative strategies to support greater economic opportunity. Infrastructure investment represents a key priority … Continue reading
Skills Gap in US – Widening ?
Something isn’t clicking in the US labor market. On Tuesday, the latest “Job Openings and Labor Turnover Survey” (JOLTS) showed there were 5.757 million jobs available in the US in March — a near record. Additionally, the number of unemployed people in the US per job open is down to prerecession levels at about 1.5 … Continue reading
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