Job Market Monitor
A Closer Look
Italy – Employment is rising but wage growth remains suppressed
Although wage growth remains suppressed, rising employment and improved sentiment are aiding consumer spending. Italy’s currency is represented by CurrencyShares Euro Trust (NYSEARCA:FXE). In May, the wage figure came in at an annual pace of 1.1%, below the previous month’s reading of 1.2%. After peaking at over 4% in 2009, wages have significantly declined to … Continue reading
Cloud Computing – Has affected the job market in all sorts of ways
The shift towards cloud computing has affected the job market in all sorts of ways, and not only in the IT sector. Shifting IT to the cloud allows senior-level executives to spend more time on business strategy and innovation. It creates a demand for managers that are more focused on business development, rather than application … Continue reading
Couples and Retirement – 47% are in disagreement about the amount needed
While the majority of couples (72%) say they communicate exceptionally or very well, more than four in 10 (43%) failed to correctly identify how much their partner makes—and of that, 10% got it wrong by $25,000 or more. There were other important disconnects between couples including: 36% of couples disagreed on the amount of the … Continue reading
Work and Education Credentials in US – They go together
Work credentials can serve as an alternative or supplement to education credentials. Work credentials include occupational licenses and certifications; education credentials include diplomas, degrees, and educational certificates. Both types of credentials attest that a person has the skills needed to perform a job. However, a license is issued by a government agency (often a state … Continue reading
Jobless Claims in US – The lowest level in history when adjusted for the size of the labor force
Bottom Line: Jobless claims, when adjusted to account for the size of the US labor force, have now fallen to the lowest level in history. Conditions in today’s labor market are actually slightly better than the unadjusted claims would suggest, especially when compared to previous economic recoveries. It’s amazing that so much attention is paid … Continue reading
Education in UK – Almost one million young people aren’t in education, employment and trainingJohn Cridland says
Thanks to the efforts of many great teachers, the average has risen. But we’ve also stuck with a system which tolerates underachievement. At one end, low attainment. 40% of young people failing to get at least a C in GCSE English and maths by age 16. And at the other, failure to stretch the best … Continue reading
Secondary Education in UK – Core academic vs vocational subjects
From this September, all pupils at secondary school will have to study English, a language, maths, science and history or geography at General Certificate of Secondary Education (GCSE). This is the English Baccalaureate, or Ebacc, which education minister Nicky Morgan has insisted are core academic subjects that should be taken by all children. The director … Continue reading
Involuntary Part-Time Work in US – May remain significantly above its pre-recession level FRBSF finds
The incidence of involuntary part-time work surged during the Great Recession and has stayed unusually high during the recovery. This may reflect more labor market slack than is captured by the unemployment rate alone. Analysis across states and over time indicates that a substantial part of the increase is related to the business cycle. However, … Continue reading
The Distribution of Household Income in US – 3 Graphs by CBO
The Distribution of Household Income, Federal Taxes, and Government Spending | Congressional Budget Office.
Lawyers in US – Side work on the rise
While the pace of hiring has slowed for full-time, salaried lawyers, the numbers of lawyers who do legal work on the side while holding down other jobs is growing rapidly. Nationwide, EMSI estimates jobs for those who draw miscellaneous income as lawyers (income that isn’t derived from their primary job) have grown 25% since 2009 … Continue reading
Mobile Phones of the Unemployed – The number of calls dropped by 51 percent study finds
A study co-authored by MIT researchers shows that mobile phone data can provide rapid insight into employment levels, precisely because people’s communications patterns change when they are not working. Indeed, using a plant closing in Europe as the basis for their study, the researchers found that in the months following layoffs, the total number of … Continue reading
The Education Gap around the World – It’s going to take another 100 years to fill it
In the last 200 years, the number of children attending primary school globally has grown from 2.3 million to 700 million today, covering nearly 90 percent of the world’s school-age children. But the gulf in average levels of education between rich and poor countries remains huge. Without a fundamental rethinking of current approaches to education, … Continue reading
Millennials in US – 75 percent of the workforce by 2025
By 2020, Millennials will comprise more than one of three adult Americans. It is estimated that by 2025 they will make up as much as 75 percent of the workforce. Millennials’ desire for pragmatic action that drives results will overtake today’s emphasis on ideology and polarization as Boomers finally fade from the scene. Thus, understanding … Continue reading
Tunisia – More than 1.2 million lived abroad out of a total population of 11 million in 2012
With more than 1.2 million Tunisians living abroad in 2012 out of a total population of 11 million, Tunisia is, and has long been, a prime emigration country in the Mediterranean region. Dating to the country’s independence in 1956, Tunisian emigration has been heavily dominated by labor migration to Western Europe, especially to the former … Continue reading
Social protection in EU – 29.0 % of GDP
In 2011, in EU Member States EUR 3 689 thousand million gross, or 29.0 % of their GDP, were spent on social protection benefits[1]. The income provided by some benefits paid in cash is, however, potentially subject to levies imposed through the fiscal system. The deduction of levies, such as income taxes or social contributions, from the … Continue reading
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