Job Market Monitor
Report
US – Headcount additions remain highly targeted in the face of ongoing skills gaps and rising wage pressure says PwC
In the first quarter of this year, 63% of Trendsetter companies told us they’d add staff in the next quarter, the highest level we’ve seen in several years. So we weren’t particularly surprised when the US Bureau of Labor Statistics announced that June’s unemployment rate had dropped to 6.1%. In fact, average unemployment in 2Q14 … Continue reading
Insects in US – Occupational injuries and illnesses
Although not often associated with injuries and deaths at the workplace, insects, arachnids, and mites were involved in 83 fatal occupational injuries from 2003 to 2010.1 The majority of these workplace deaths were due to bee stings. Annual nonfatal work-related injury and illness case counts involving insects, arachnids, and mites that led to days away … Continue reading
Income inequality in US Metro Areas – Rising in more than 2 in 3
Income inequality appears to have grown in more than 2 in 3 metropolitan areas from 2005 to 2012, according to one rough measure, a new study finds. The study, released by the U.S. Conference of Mayors, explores how the Great Recession affected wages and income in hundreds of metropolitan statistical areas — population and economic hubs … Continue reading
Job Readiness in US – 39% are confident in their future competitiveness, 23 percent very confident FRB finds
The report presents findings from the September 2013 survey. The survey covered a range of topics—including household financial well-being, housing, credit availability, borrowing for education, savings, retirement, and medical expenses—meant to round out the understanding of how households are faring financially. Overall, the survey found that many households were faring well, but that sizable fractions … Continue reading
Pension economic impacts in US – 6.2 Million Jobs, $943 Billion
A new economic impact study finds that pension benefit expenditures provide important economic support to the economy, including more than $943 billion in total economic output and 6.2 million jobs in the United States. Pensionomics 2014: Measuring the Economic Impact of Defined Benefit Pension Expenditures reports the national economic impacts of public and private pension … Continue reading
US – Since the final quarter of 2007, the labor force participation rate has fallen from 65.9 percent to 62.8 percent says a White House report
Since the final quarter of 2007, the labor force participation rate has fallen from 65.9 percent to 62.8 percent in the second quarter of 2014, a decline of 3.1 percentage points. In this report, the Council of Economic Advisers estimates that this 3.1 percentage point decline can be attributed to three main sources: About half … Continue reading
US – The manufacturing workforce is aging rapidly report finds
The u.s. manufacturing workforce is aging rapidly, with half of the existing workforce only 10-15 years away from retirement. Yet,american manufacturing employers are struggling to build a pipeline of new workers. Some 600,000 positions are currently unfilled, and more than three million additional positions are due to open by 2020. Meanwhile, the youth unemployment rate remains … Continue reading
US – Low teacher pay is a problem finds the Center for American Progress
Low teacher pay is not news. Over the years, all sorts of observers have argued that skimpy teacher salaries keep highly qualified individuals out of the profession. One recent study found that a major difference between the education system in the United States and those in other nations with high-performing students is that the United … Continue reading
The Talent War – 63% of CEO said availability of skills was a serious concern (PWC)
Megatrends are redrawing the skills map for global businesses; the supply of talent is shifting at a time when demand is increasing. This is exacerbating a familiar worry for CEOs; 63% said availability of skills was a serious concern, an increase of 5% on 2013. With half of CEOs planning to hire more people over … Continue reading
European Union – Access to middle-skilled work for newly arrived migrants
Over the past 15 years, migration in Europe has changed considerably. The economic boom in the early and mid-2000s and expanded mobility owing to European Union enlargement helped create new populations of migrants from both within and beyond the European Union. These recent migrants are more educated than earlier arrivals and many are highly skilled. Against the backdrop of the … Continue reading
Canada – Shifts to onshoring and no shortage of workers in Canada reports KPMG
For the past eight years, manufacturers in Canada have been fighting an uphill battle. From the downturn of the US economy and the rising Canadian dollar, to skilled labour challenges and off-shoring trends – manufacturing here has faced tough headwinds. Today, times are finally moving in a direction that helps rather than hinders manufacturers, according … Continue reading
2007-08 Bachelor’s Degree Recipients In US – 7 percent were unemployed and 8 percent were out of the labor force
The report Baccalaureate and Beyond:A First Look at the Employment Experiences and Lives of College Graduates, 4 Years On published by the National Center for Education Statistics, the Institute of Education Sciences and the U.S. Department of Education presents initial findings about the employment outcomes of bachelor’s degree recipients approximately 4 years after they completed their … Continue reading
Participation in US – About half of the decline is due to the aging of the population says a White House Report
Since the final quarter of 2007, the labor force participation rate has fallen from 65.9 percent to 62.8 percent in the second quarter of 2014, a decline of 3.1 percentage points. In this report, the Council of Economic Advisers estimates that this 3.1 percentage point decline can be attributed to three main sources: About half … Continue reading
US – Why Is Veteran Unemployment So High?
According to official statistics, the unemployment rate of young military veterans ages 18-24 reached 29 percent in 2011. Five facts about veteran unemployment: The unemployment rate of veterans ages 18–65 is higher than the unemployment rate of similarly situated non-veterans. In the CPS, the difference between veteran and non-veteran youth (ages 18–24) unem- ployment increased … Continue reading
US – 74 percent of STEM grads are not employed in STEM occupations finds Census Bureau
The U.S. Census Bureau reported today that 74 percent of those who have a bachelor’s degree in science, technology, engineering and math — commonly referred to as STEM — are not employed in STEM occupations. In addition, men continue to be overrepresented in STEM, especially in computer and engineering occupations. About 86 percent of engineers … Continue reading
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