Job Market Monitor
recovery
Not all industries recovered equally in US – Interactive Charts
Five years since the end of the Great Recession, the economy has finally regained the nine million jobs it lost. But not all industries recovered equally. Each line below shows how the number of jobs has changed for a particular industry over the past 10 years. Scroll down to see how the recession reshaped the … Continue reading
New York City – Job growth has been concentrated at the higher and lower ends of the skills distribution
New York City remains on strong growth trajectory, some weakness in Northern NJ to start the year, and signs of firming in Puerto Rico. A growing number of places in the region have gained back the jobs lost during the Great Recession. Types of Jobs Lost and Gained Middle-skill jobs were hardest hit during the recession and havenot come back. During the recovery, job growth has been concentrated at the higher … Continue reading
Canada – The job recovery is overstated says a Bank of Canada’s study
The Bank of Canada says the country’s job-creation record since the recession is likely a little less impressive than the fall in the unemployment rate would suggest. The central bank says in a new research paper that the unemployment rate, although the most quoted measure of labour market health, has overestimated the jobs recovery in … Continue reading
US – Employment recovery has been historically slow writes Atlanta Fed in its Annual Report
The nation’s labor market has recovered far more slowly after the Great Recession than it did following every other economic downturn since World War II. To be sure, employment growth was promising in 2013, and the unemployment rate declined. Other measures of the labor market remained subdued, however. The compensation to workers—including benefits and adjusted … Continue reading
US Job Recovery and Men / The ‘1 million missing’
“Unemployed construction workers have left the industry, either to go back to school, retire or maybe leave the country. They’re no longer sitting at home waiting for a contractor to call them,” said Ken Simonson, chief economist for Associated General Contractors. He calls them the “1 million missing men.” Continue reading
Europe / The Jobs Recovery Is Always Two Years Away
Is the jobs recovery around the corner? A few week ago, the European Commission published its latest economic forecast. Unemployment in the Euro area is projected to drop from 12.2% in 2014 to 11.8% in 2015. This is seemingly good news. The bad news is that the Commission also predicted that unemployment would begin to drop in … Continue reading
US Recovery and Real Income Growth / The top 1%: 31% – the bottom 99%: less than 1%
New data reveal that the top 1% enjoyed real income growth of 31% between 2009 and 2012, compared with growth of less than 1% for the bottom 99% Continue reading
US / ‘Job-Full’ Recovery begins ?
Today, Capital Economics’ Paul Dales declares that era over. We have officially entered the “job-full recovery” era Continue reading
US / A Jobs Recovery ? Charts
The recession ended four years ago. Bur the recovery is slow. Charts Continue reading
US / Service dependent economy delays job recovery
The recession was the deepest one since the Great Depression. But slow job recoveries have become a defining trend of the past three recessions. It took the economy 37 months from the end of the 2001 recession to add back the jobs it lost. For the recession before that, which ended in 1991, it took … Continue reading
US / The Uneven Recovery: Only the Top 7% get A Rise in Wealth
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau … Continue reading
US / A Chart on the Unrecovering Job Market Recovery
because of population growth, getting back to where we were five years ago isn’t enough. To get back to full employment, we need to have millions more jobs than we had then. This led us to wonder: What would Scariest Jobs Chart Ever look like if you compared the past five years with comparable periods … Continue reading
US Jobs Recovery / Middle-aged women doing particularly poorly
SINCE the job market in the United States hit bottom more than three years ago, men have benefited from the recovery far more than woman have, with middle-aged women doing particularly poorly. From December 2009 through last month, the economy added 5.3 million jobs, according to the Labor Department’s monthly survey of households. Only 30 … Continue reading
US / Women passed men in the number of jobs regained in the recovery
Institute for Women’s Policy Research (IWPR) analysis of the BLS payroll data over the entire course of the recession and recovery shows that in November women passed men in the number of jobs regained in the recovery as a share of jobs lost in the recession. As of November, women have regained 54 percent (1.5 million) … Continue reading
US: Workers share of national income at its lowest level since 1959 while Corporate Profits are at record level
Workers share of national income is at its lowest level 1959 and is plunging. On the other hand, the share of corporate profits is at a record level. Source: Job Market Monitor with FRED Graph / St-Louis Fed’
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