Job Market Monitor
Academic Literature
Teens and young adults employment plummeted between 2000 and 2011 in the Largest Us Metropolitan Areas study says
“Employment prospects for teens and young adults in the nation’s 100 largest metropolitan areas plummeted between 2000 and 2011” write Andrew Sum, Ishwar Khatiwada, Mykhaylo Trubskyy, and Martha Ross with Walter McHugh and Sheila Palma in The Plummeting Labor Market Fortunes of Teens and Young Adults on brookings.edu. On a number of measures—employment rates, labor force underutilization, unemployment, and year-round joblessness—teens … Continue reading
The Skills Gap in US – Mismatch across industries and occupations explains at most one-third of the total observed increase in the unemployment rate
Aysegul Sahin, Joseph Song, Giorgio Topa and Giovanni L. Violante develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate in Mismatch Unemployment (Federal Reserve Bank of New York Staff Reports ). They use this framework to measure the contribution of mismatch to the recent rise … Continue reading
Job Search and Employment Services – The odds of obtaining employment were 2.67 times higher for those getting help research finds
The current meta-analytic review examined the effectiveness of job search interventions in facilitating job search success (i.e., obtaining employment). Major theoretical perspectives on job search interventions, including behavioral learning theory, theory of planned behavior, social cognitive theory, and coping theory, were reviewed and integrated to derive a taxonomy of critical job search intervention components. Summarizing … Continue reading
Canada / Men who had obtained a bachelor’s degree by 1991 had earned $732,000 more than those whose education ended at a high school diploma, women$ 448,000
A new study that followed a group of men and women for two decades reports that over the study period, men who had obtained a bachelor’s degree by 1991 had earned, on average, $732,000 more than those whose education ended at a high school diploma. For women, the difference between the two groups was $448,000. Using longitudinal tax … Continue reading
US / Long-term unemployment has less impact on the behavior of wages study says
How tight is the labor market? The unemployment rate is down substantially from its October 2009 peak, but two-thirds of the decline is due to people dropping out of the labor force. In addition, an unusually large share of the unemployed has been out of work for twenty-seven weeks or more—the long-duration unemployed. These statistics … Continue reading
Job Search / The longer a person is unemployed, the less it matters which method is used
Each month, every unemployed CPS respondent answers the question “What have you been doing in the last four weeks to find work?” The survey allows respondents to indicate one or more methods from a list of seven or, after 1994, 13. The methods are broadly categorized as either “active” or “passive.” An active job search … Continue reading
The decline of middle-class workers / Job polarisation and wages
Employment in traditional middle-class jobs has fallen sharply over the last few decades. At the same time, middle-class wages have been stagnant. This column reviews recent research on job polarisation and presents a new study that explicitly links job polarisation with the changes in workers’ wages. Job polarisation has a substantial negative effect on middle-skill … Continue reading
Intergenerational mobility in the US / A Map
Using these income data, we calculate two measures of intergenerational mobility. The first, relative mobility, measures the difference in the expected economic outcomes between children from high-income and low-income families. The second, absolute upward mobility, measures the expected economic outcomes of children born to a family earning an income of approximately $30,000 (the 25th percentile … Continue reading
Freelancers / Landing more jobs
New research suggests freelancers who demonstrate work commitment through an incremental career path, by moving between similar—but not identical—types of jobs, are the most likely to be hired. The findings also conclude that competitors who work on only one type of job or on too many disparate types of jobs are disadvantaged when it comes … Continue reading
Europe / The most effective way of boosting jobs is to get growth going again says IMF
A new book called “Jobs and Growth: Supporting the European Recovery,” authored by IMF staff, analyzes today’s challenges head-on and proposes a roadmap for the continent’s recovery.The book and its roadmap should contribute to the ongoing debate around these pressing issues. The book’s analysis is informed by the relationship between jobs and growth, which is … Continue reading
Youth and the Oil Industry in Canada / Wages, Employment and School Enrollment
Increased wages have a dual impact for young men: they tend to reduce their full-time university enrollment rates―at least temporarily―and to bring (back) into the labour market those who were neither enrolled in school nor employed. Continue reading
Older Workers in Canada / Over one-half of workers aged 55 to 64 who left long-term jobs between 1994 and 2000 were re-employed within a decade
Many older workers who leave long-term jobs do not fully enter retirement. In fact, over one-half of workers aged 55 to 64 who left long-term jobs between 1994 and 2000 were re-employed within a decade Continue reading
Labor force projections to 2022 for the US / The overall labor force participation rate is expected to decline writes the BLS
Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline. The participation rates of older workers are projected to increase, but remain significantly lower than those of the prime age group. A combination of a slower growth of the civilian … Continue reading
US / The decline of manufacturing employment and trade with China
U.S. manufacturing employment fluctuated around 18 million workers between 1965 and 2000 before plunging 18 percent from March 2001 to March 2007. In this paper, the authors find a link between this sharp decline and the U.S. granting of Permanent Normal Trade Relations (PNTR) to China. Industries where the threat of tariff hikes declines the … Continue reading
US / Percent of unemployed seeking work for longer than six months more than doubled between 2007 and 2013
Each month the Bureau of Labor Statistics (BLS) reports employment figures for the United States. These figures have served as a barometer of the country’s relative economic strength for the last seventy years and recently have highlighted unemployment’s rise throughout the Great Recession. Often overlooked, however, are figures related to the so-called “long-term” unemployed, those unemployed for longer … Continue reading
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