Job Market Monitor
Report
US / Estimated Impact of the American Recovery and Reinvestment Act
As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy. CBO develops estimates of ARRA’s effects on output and employment by looking at recorded spending to date … Continue reading
US / A Well-educated Workforce is a Vital Component of National and Economic Security
Historically, national security includes the strength of our nation’s infrastructure, the foundation upon which the continuous growth of our society depends. This includes our strong societal and moral codes, the rule of law, stable government, social, political, and economic institutions, and leadership. Also included are our nation’s schools and educational programs to ensure a knowledgeable … Continue reading
US / Almost half of employed college graduates are in jobs requiring less than college education
“Political leaders, prominent foundations, and college presidents have argued that the nation must increase the proportion of adults with college degrees in order for America to remain competitive in the global economy” write Richard Vedder, Christopher Denhart, and Jonathan Robe in Why Are Recent College Graduates Underemployed? University Enrollments and Labor-Market Realities (Adapted quotes to follow). Supporting those … Continue reading
After the Great Recession: The Challenge
Joshua Meltzer, David Steven and Claire Langley in The United States After the Great Recession: The Challenge of Sustainable Growth (Brookings Institution) write: “Never before has our nation enjoyed, at once, so much prosperity and social progress with so little internal crisis and so few external threats,” President Clinton argued in January 2000 in his final State … Continue reading
New York City Suburb / The Highest Concentration of High-Income Households
The Bridgeport-Stamford-Norwalk, Conn., metropolitan area, near New York City, had the highest percentage of households with high income in the nation at 17.9 percent, according to a report released today by the U.S. Census Bureau. At the other end of the spectrum are two metro areas named Danville — in Virginia and Illinois — each … Continue reading
US / Means-tested programs and tax credits for low-income households rose more than tenfold in the four decades since 1972
The federal government devotes roughly one-sixth of its spending to 10 major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets. Those programs and credits consist of the following: Medicaid, The low-income subsidy (LIS) for Part … Continue reading
US / Nearly one-quarter (23%) of workers laid off during and 4 years after the Great Recession study finds
“Nearly one-quarter (23%) of all survey respondents report being laid off from either a full-time or part-time job during and after the recession (over the past four years)” write Mark Szeltner Carl Van Horn, Ph.D. Cliff Zukin, Ph.D. of the John J. Heldrich Center for Workforce Development in Diminished Lives and Futures: A Portrait of America … Continue reading
Canada / Employment Insurance: the new JOB SEARCH FORM
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Canada | Employment Insurance | Nationwide Entrance Requirements and Benefit Entitlement Period
“Reforms to the Employment Insurance (EI) program should focus on removing barriers to mobility by creating uniform, nationwide entrance requirements and benefit entitlement period” write Colin Busby and David Gray in Mending Canada’s Employment Insurance Quilt: The Case for Restoring Equity published at cdhowe.org. “Under the current EI system, long-lasting EI benefits are more easily accessed in … Continue reading
Canada / Employment Insurance : How to Adjust EI to the new world of work – Gunderson
Work is ‘changing nature’ with respect to Employment Insurance writes MORLEY GUNDERSON in EMPLOYMENT INSURANCE IN THE NEW WORLD OF WORK on mowateitaskforce.ca. “The demand-side changes include: skill-biased technological change, especially associated with the computer revolution and the shift to a knowledge economy; trade liberalization; globalization and offshore outsourcing; industrial restructuring mainly from manufacturing to … Continue reading
US / Delaying retirement / From 42% in 2010 to 62% in 2012 among workers between the ages of 45 and 60
According to a new report released by The Conference Board, older workers intend to postpone their retirement now more than ever, despite a recovering U.S. economy. Using data from the August 2012 Consumer Confidence Survey, Trapped on the Worker Treadmill? documented a sharp increase in plans to delay retirement among workers between the ages of 45 … Continue reading
US / Vast majority of wage earners are working harder and more
“The U.S. economy over the past decade has worked primarily to the advantage of a small sliver of winners” writes Lawrence Mishel of the Economic Policy Institute. (Excepts to follow) Meanwhile, the vast majority of workers have not fared well—a trend that stretches back to the late 1970s. Contrary to some political rhetoric of late, this is … Continue reading
US / Education Matters: Community College
The “jobs gap”—or number of jobs needed to return to pre–Great Recession levels—stood at 11.3 million in late 2012, while 12.8 million Americans were unemployed. Carnevale, Smith, and Strohl (2010), however, estimated 46.8 million new jobs will need to be filled by 2018, of which 13.8 million will be new jobs and 33 million will … Continue reading
US / 47.5 million in Working Poors Families, could reach 50 millions soon
“While the U.S. economy has shown some signs of recovery—the U.S. unemployment rate has dipped below 8 percent from 10 percent three years ago—the economic outlook for many working families is bleak” write Brandon Roberts, Deborah Povich and Mark Mather New in LOW-INCOME WORKING FAMILIES: THE GROWING ECONOMIC GAP (Adapted choosen excerpts by Job Market Monitor to follow) Data from the U.S. … Continue reading
US / Unemployment Insurance: Extended benefits have added more than 125 percent over the past two years
“Unemployment insurance programs insure workers against the risk of lost income if they lose their job through no fault of their own. In the U.S., the program is run at the state level. Each state sets its benefit level and eligibility criteria, and finances these benefits through payroll taxes.2 ” write David L. Fuller, B. Ravikumar and … Continue reading
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