Job Market Monitor
A Closer Look
The Changing Economy – Infographic from the US Census Bureau
The Changing U.S. Economy – U.S. Census Bureau.
New York City – Job growth has been concentrated at the higher and lower ends of the skills distribution
New York City remains on strong growth trajectory, some weakness in Northern NJ to start the year, and signs of firming in Puerto Rico. A growing number of places in the region have gained back the jobs lost during the Great Recession. Types of Jobs Lost and Gained Middle-skill jobs were hardest hit during the recession and havenot come back. During the recovery, job growth has been concentrated at the higher … Continue reading
US in Maps – State unemployment, 2004 to 2014
State unemployment rates were generally lower in April. Forty-three states had unemployment rate decreases, two states had increases, and five states and the District of Columbia had no change. Forty-seven states and the District of Columbia had unemployment rate decreases from a year earlier, one state had an increase, and two states had no change. … Continue reading
Brain Waste in US – 1.6 million, or 23 percent, of the college-educated immigrants ages 25 and older
MPI research in the United States and Europe has demonstrated the challenges facing foreign-educated individuals who seek high-skilled employment that utilizes their talents and professional experience. In the United States, these challenges include difficulties in obtaining recognition of professional experiences and credentials earned from educational institutions abroad, acquiring professional-level English skills, navigating costly or time-consuming … Continue reading
The Youth Unemployment Crisis in US – Twelve ways against it from the Brookings Institution
The Great Recession was particularly devastating for America’s young workers. Nearly 6 million 16- to 24-year-olds neither have jobs nor are pursuing a degree. This disconnect can have a “scarring effect,” which can negatively impact their long-term employment prospects and lifetime earnings. In her new paper Elisabeth Jacobs analyzes the crisis of youth unemployment and … Continue reading
US in Maps – The biggest immigrant groups by state
The data used to create the map are from the Department of Homeland Security. In 2012, slightly more than 1 million people were granted legal permanent resident status in the U.S. (Legal permanent residents may also be referred to as “permanent resident aliens” or “green card holders.”) About 15 percent of these new immigrants are … Continue reading
What explains the gender wage gap – Nearly 60 percent is influenced by all the structural and social factors
Occupational differences One of the largest driving factors of the gender wage gap is the fact that men and women, on average, work in different industries and occupations; this accounts for up to 49.3 percent of the wage gap, according to some estimates. Women are much more likely than men to be clustered in just a … Continue reading
Millennial in US – Some facts are true, others …
1. Millennials have been hit hard by the recession. Historically, 16- to 24-year-olds have always had higher unemployment than their older cohorts, but unemployment for younger millennials has skyrocketed since the financial crisis and is only slowly returning to normal 2. Millennials are less likely to be looking for work. Labor force participation has been … Continue reading
US – Supply factors are driving down participation rate (demographics and increased incentives to drop out), not weak labor market demand writes BofA
[Bank of America’s analysis] contradicts the notion that a declining labor‐force participation rate reflects a weak economy because of weak labor demand. Labor demand is very strong relative to labor supply. Supply bottlenecks and wage pressures are in the early stage of picking up. That’s why businesses’ main complaint is the difficulty of finding qualified … Continue reading
Student Debt in US – Earnings and debt aren’t moving in the same direction
In 2012, the most recent year for which data are available, workers with just a bachelor’s degree were making a median salary of $46,900 a year while the average student loan balance for people under 30 years old was $21,400. Those numbers aren’t directly comparable, but it does seem that most young people can pay … Continue reading
Jobs in US – An Uneven Recovery by State (Map)
The map below tracks per capita job growth in U.S. states from 2010 to 2013. New Jobs Per 10,000 Residents (2010-2013) The map conforms to the pattern of an economy recovering around the twin pillars of energy and knowledge. North Dakota, the center of the natural gas boom, leads the way by a huge margin … Continue reading
Unemployed African Americans – Less likely to give up job search
Relative to whites, a higher share of jobless blacks have continued to seek work—which means they have remained in the labor force and therefore been counted as unemployed. This is reflected in the fact that the percentage of blacks in the labor force (employed or actively seeking work) has fallen by less than the comparable … Continue reading
US in Maps – The most popular languages by state
One of the most interesting data sets for aspiring mapmakers is the Census Bureau’s American Community Survey. Among other things, that survey includes a detailed look at the languages spoken in American homes. All the maps below are based on the responses to this survey. For instance, Mandarin, Cantonese, and other Chinese dialects are separated … Continue reading
Job Training Programs – Better with skill development and motivation enhancement
Mo Wang and colleagues Songqi Liu of The Pennsylvania State University and Jason L. Huang of Wayne State University found that the likelihood of employment increased among job seekers only when the job training programs that they went through combined both skill development and motivation enhancement. Wang and his colleagues analyzed data from 9,575 job … Continue reading
Millennials in US – A Stay-at-Home generation ?
The estimated 85 million born from 1981 through 2000, prove less restless than their forebears. The standstill may be holding back recovery in the labor and housing markets. “They remain stuck in place,” said William Frey, a senior fellow at the Brookings Institution in Washington who specializes in migration issues. “The recent slowdown is really … Continue reading
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