Job Market Monitor
Employment
China – Employment held up despite slower economic growth Vice Minister of Human Resource and Social Security says
China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be “blindly optimistic” as the pace of job creation is slowing. The urban unemployment rate was at 4.05 percent at the end of March, little … Continue reading
US Law School Class of 2010 – Job outcomes have improved only marginally
The law school Class of 2010 faced a bleak employment market. Nine months after graduation, only 87.6% of the class reported a job of any type. More than a tenth of the employed graduates were working part-time, and more than a fifth held jobs that did not require a law license. As the National Association … Continue reading
Hispanic in US – Will account for over 40% for the increase in overall employment
The US economy is nearing a period when labor force growth will slow sharply as an ever larger proportion of the Baby Boomer generation retires. During this time, Hispanic employment will continue to show strong growth, even under conservative assumptions about Hispanic immigration. This report presents the results of projections of future US labor force … Continue reading
Older Workers in EU – Employment growth has far outpaced US
The European Union (EU) has experienced significant growth in the employment of workers ages 55 to 64, which has far outpaced the growth of older-worker employment in the United States. An initial look might lead to the conclusion that the EU is ahead of the United States in employing older workers. However, the historical performance … Continue reading
US – Government jobs 630,000 below early stages of recession level
The Labor Department’s latest report signaled that a broader economic slowdown is taking place after job growth ticked up last year. The economy added just 126,000 jobs last month — the lowest tally in more than a year. While the new estimates were disappointing, they’re hardly anything out of the ordinary for the public sector. … Continue reading
US March 2015 Job Report – Slowdown in employment growth (126,000)
Total nonfarm payroll employment increased by 126,000 in March, and the unemployment rate was unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, and retail trade, while mining lost jobs. Household Survey Data In March, the unemployment rate held at … Continue reading
Baby Boomers in US – Held 11.7 jobs from age 18 to age 48, according to the U.S. Bureau of Labor Statistics
The average person born in the latter years of the baby boom (1957-1964) held 11.7 jobs from age 18 to age 48, according to the U.S. Bureau of Labor Statistics. Nearly half of these jobs were held from ages 18 to 24. These findings are from the National Longitudinal Survey of Youth 1979; a survey … Continue reading
Canada – The services industry fast-growing exports is good for the job market
Some of our fastest-growing exports are in the overlooked services sector. That’s good for Canada’s job market. As a small, open economy, we depend on trade with other countries for prosperity and the high standard of living for which Canada is known. Commodities and manufactured goods traditionally formed the foundation of our identity. Services are … Continue reading
US – Labor Market Slack Persisted Federal Reserve Bank of Atlanta writes
Shifting labor force participation clouded unemployment picture Although the labor force participation rate (LFPR) has trended down since early 2000 (when the LFPR was 67 percent), the recession exacerbated the decline (see the Labor Force Participation Rate chart). At the end of 2014, roughly 62.7 percent of the working age population was either employed or … Continue reading
US – The number of jobs within the typical commute distance for residents in a major metro area fell by 7 percent
Proximity to employment can influence a range of economic and social outcomes, from local fiscal health to the employment prospects of residents, particularly low-income and minority workers. An analysis of private-sector employment and demographic data at the census tract level reveals that: Between 2000 and 2012, the number of jobs within the typical commute distance … Continue reading
Mobile Internet – Creates jobs for about 3 million people in the 13 countries BCG estimates
Revenues are only one part of the picture. The mobile Internet is a major job-growth engine as well. We estimate that it has created employment for about 3 million people in the 13 countries we studied. Many of these jobs are in Asia, where the manufacturing of mobile devices is centered. But the rapid growth … Continue reading
US – Hourly wages for private-sector workers in data occupations 68 percent higher finds BLS
The growing importance of data in the economy is hard to dispute. But what does this mean for workers and jobs? A lot, as it turns out: higher paying (over $40/hour), faster growing jobs. In this report we identify occupations where data analysis and processing are central to the work performed and measure the size … Continue reading
Employment up by 0.1% in Euro Area and by 0.2% in EU28 in fourth quarter of 2014
The number of persons employed1 increased by 0.1% in the euro area (EA18) and by 0.2% in the EU28 in the fourth quarter of 2014 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2014, employment increased by 0.2% … Continue reading
UK – 70% moved out of poverty by getting a job ONS finds
Entering employment is widely thought to be the most effective route out of poverty, a view supported by a range of research. But does getting a job always lead to people leaving poverty? Our new analysis shows that between 2007 and 2012, of those aged 18 to 59 who were in income poverty, but then … Continue reading
Canada, February 2015 – The unemployment rate rose by 0.2 percentage points to 6.8%
Employment was unchanged in February, while the unemployment rate rose by 0.2 percentage points to 6.8% as more people searched for work. In the 12 months to February, employment increased by 130,000 (+0.7%) with most of the growth in the second half of the period. Compared with February 2014, full-time employment rose by 121,000 (+0.8%), while there was little change in part-time work. Over the … Continue reading
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