The federal minimum wage has been $7.25 for a decade, but many states have a higher rate and some wage hikes will take effect this year. We’ve rounded up the latest news on what employers need to know for 2019. Here are SHRM Online resources and news articles from other trusted media outlets. Nineteen states increased their … Continue reading
The big picture: There were 12.8 million manufacturing jobs as of October, up from the 11.4 million in March 2010, the nadir of the financial crash, according to the St. Louis Fed. But they are still a shadow of their modern 19.4 million-job peak in 1979, and right about where they were in October 1941, … Continue reading
Developing learning progressions involves defining and conceptualizing the skills from a monitoring growth perspective, based in both theoretical and empirical work. The demand for understanding the growth of skills presents a perfect example where a general approach to monitoring growth, rather than the acquisition of skill, can be applied. It is not enough to understand … Continue reading
A new IZA discussion paper by Steven Hemelt, Kevin Stange, Fernando Furquim, Andew Simon, and John Sawyer provides the most comprehensive overview of the costs associated with teaching across 20 fields based on a large and diverse sample of four-year colleges and universities from the Delaware Cost Study. The results show that the cost of a … Continue reading
Employment rose by 94,000 in November, driven by gains in full-time work. The unemployment rate decreased 0.2 percentage points to 5.6%, the lowest since comparable data became available in 1976. In the 12 months to November, employment grew by 219,000 or 1.2%, reflecting gains in full-time work (+227,000 or +1.5%). Over the same period, total hours worked were up 2.1%. Chart : Unemployment rate Chosen excerpts by Job … Continue reading
Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, and in transportation and warehousing. Household Survey Data In November, the unemployment rate was 3.7 percent for the third month in … Continue reading
Apprenticeship programs, when implemented effectively, provide workers with a career path featuring paid on-the-job training, skills development, and mentorship, while at the same time providing employers with a steady source of highly trained and productive workers. These programs have the potential to grow into a critical and successful component of America’s workforce strategy, but are … Continue reading
On Monday, South African President Cyril Ramaphosa signed a national minimum wage bill into law. The National Minimum Wage Act sets minimum wage at 20 rand an hour (about $1.45 an hour). South Africa’s average household net-adjusted disposable income per capita is currently about $10,872. Proponents of the bill have touted benefits this move will … Continue reading
The euro area (EA19) seasonally-adjusted unemployment rate was 8.1% in October 2018, stable compared with September 2018 and down from 8.8% in October 2017. This remains the lowest rate recorded in the euro area since November 2008. The EU28 unemployment rate was 6.7% in October 2018, stable compared with September 2018 and down from 7.4% … Continue reading
There have been numerous studies asking employers ‘what they really want’ in terms of workforce skills. These often show that employers express concerns about students’ skills level in certain areas, for instance, communications. But there are two challenges – the number of overlapping studies and the broad definition of these skills. This report takes a … Continue reading
Today education and training beyond high school are more essential to our success as individuals and as a nation than ever before. Experts estimate that approximately two-thirds of American jobs will require some postsecondary education or training by 2020.1 Of the jobs created since the last recession, almost all have gone to workers with at … Continue reading
Today, the federal government spends $18 billion for on-the-job training to help workers secure the skills and training they need to access in-demand, well-paying jobs. That number is dwarfed by the estimated $600 billion a year that employers spend on formal and informal training. Employers clearly are committed to investing in their workers. The question … Continue reading
Germany is short of nurses, care workers, construction workers, carpenters, electricians, and IT specialists. And businesses have long been demanding that the government make it easier for skilled workers, including those from outside the European Union, to move to Germany — notwithstanding a political climate that has become toxic for many immigrants. German unemployment is currently … Continue reading
Six months after Alpha Go’s stunning victory, I went to Shanghai to see firsthand how China’s schools can give them the edge. In 2013 the city’s teenagers gained global renown when they topped the charts in the PISA tests administered every three years by the OECD to see which country’s kids are the smartest in … Continue reading
We find a long historical record of innovation that shows technological change has been overwhelmingly positive for productivity and surprisingly benign when it comes to employment. Job displacement has occurred in waves, first with the structural shift from agriculture to manufacturing, and then with the move from manufacturing to services. Throughout, productivity gains generated by … Continue reading