Job Market Monitor
Brookings Institution
The Job Gap in US – 5.6 million jobs as of August 2014 finds The Hamilton Project
Each month, The Hamilton Project calculates America’s “jobs gap,” or the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who newly enter the labor force each month. As of the end of August 2014, our nation faces a jobs gap of … Continue reading
Unemployment in US – Who’s right, Wall Street or Brookings ?
Every month since the fall of 2012, the Brookings Institution has published a forecast for the path of the unemployment rate over the next six months. These forecasts are a familiar past-time for economists, but Brookings has a bold claim: their model “can outperform the Fed and professional forecasters.” This is a good time for … Continue reading
Infrastructure Jobs in US – 14.2 million workers
In 2012, 14.2 million workers were employed in infrastructure jobs across the country, accounting for 11 percent of national employment. Truck drivers, electricians, and civil engineers are among the occupations employing the most workers overall, the broad majority of whom (77 percent) focus on operating infrastructure rather than its construction (15 percent), design (6 percent), … Continue reading
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
Social Mobility in US / Skills Matter
The U.S. is not a meritocracy. This is not to say that skills don’t matter. Continue reading
US / Okun’s Law says the economy is well below its potential
The basic logic that underlies Okun’s law has proven to be robust over the decades Continue reading
The global economic recovery remains stuck below takeoff speed finds Brookings
The global economic recovery remains stuck below takeoff speed, unable to achieve liftoff and facing the risk of stalling. Half-hearted fiscal austerity measures are proving to be a drag on growth, and monetary policy continues to shoulder the burden of limiting downside risks. The Brookings-FT TIGER index shows that growth momentum remains weak in nearly … Continue reading
The 2011 Poverty Rate: What to Expect and How Long Will It Last? | Brookings Institution
The Center on Children and Families at Brookings has used a model for the past three years to predict the U.S. poverty rate before the official figure was released by the Census Bureau. As the table below shows, our track record is reasonably good although we caution that predictions are just that and can be … Continue reading
Job Openings and Educational Attainment in Metropolitan Area
For the first time since World War II, there are fewer jobs three years after the end of a recession than before it began. Our new Brookings report suggests that most of this flat recovery can be attributed to severe losses in housing wealth and jobs in industries such as manufacturing and construction. Yet education–especially … Continue reading
A free interactive application for metro-level data on supply of educated labor, employer demand for skilled workers, and other economic trends affecting unemployment rates
Use this interactive application below for metro-level data on supply of educated labor, employer demand for skilled workers, and other economic trends affecting unemployment rates. via Education, Job Openings, and Unemployment in Metropolitan America | Brookings Institution.
US – Job Access by Transit
The suburbanization of jobs obstructs transit’s ability to connect workers to opportunity and jobs to local labor pools. An analysis of data from 371 transit providers in the nation’s 100 largest metropolitan areas reveals that: Over three-quarters of all jobs in the 100 largest metropolitan areas are in neighborhoods with transit service. Western metro areas … Continue reading
It’s the economy, not the taxe code, which generates inequalities
The economic framework that has recently defined our politics should be replaced by a new narrative writes William A. Galston, one that runs as follows: In recent decades, changes in the structure of our economy and politics have created a dramatic increase in income inequality; while changes in our tax code did not contribute materially … Continue reading
Inequality in America and the Incomes of the Super Rich – Brookings Institution
Question: where would the richest household in the bottom 98 percent-the one at the “98th percentile”-end up? With $350,000, it only would be on the 93rd floor-three-fifths of the way up the building, and 67 floors below the household at the 99th percentile. The household at the 90th percentile would only be on the 35th … Continue reading
U.S. Taxes Rates | Wealthiest pay 40% less than 50 years ago while middle class pay roughly the same
Michael Greenstone and Adam Looney of The Hamilton Project – Brookings Institute examine the progressivity of the U.S. tax code and highlight two facts: the current U.S. tax system is less progressive than the tax systems of other industrialized countries, and considerably less progressive today than it was just a few decades ago. The figure below shows how much … Continue reading
For the first time the European Central Bank is recognizing the need to address a core drawback in the euro architecture, itself. – Brookings Institution
An increasing number of observers have hastened to declare that the European debt crisis has been practically resolved or at least stemmed for a few years. This view was reinforced by the falling yields at the last Italian government bond auctions of 2011, which suggested a significant reduction in the perceived sovereign default risk. Since … Continue reading
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