Job Market Monitor
United States
Unemployment and Wage Growth in US – No sharp pickup in wage growth foreseen by FRBSF
The unemployment rate ended 2018 at just under 4%, substantially lower than most estimates of the natural rate. Could such an ostensibly tight labor market lead to a sharp pickup in wage growth from its recent moderate pace, such that the relationship between wage growth and unemployment is not always linear? Investigations using state-level data … Continue reading
Jobs in US : a Chart – Employment is now 8.6% above the previous peak
This graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions. Since exceeding the pre-recession peak in May 2014, employment is now 8.6% above the previous peak. Note: I ended the lines for most previous recessions when employment reached a new peak, although I continued … Continue reading
Caregivers in US – Why employers should support them
Everyone in the workforce will come face-to-face with the challenges of caregiving at one point during their career – some just may not realize it yet. Maybe they are caring for a loved one now, or have in the past, or anticipate needing to serve in this role one day. It’s an issue that can … Continue reading
Immigration US – 200 Years as a graphic of a growing tree
Today’s immigration battles take place within a long, slowly accruing history that is difficult to grasp in its sheer scale and complexity. Tens of millions of people who represent every corner of the globe have immigrated to the U.S. over the last two centuries. The picture that emerges over time can resembles a living organism, … Continue reading
Older Workers in US – A substantial number are already well positioned to fill job openings in the projected shortage occupations
Although workers age 50 and over experience relatively low levels of unemployment, they are more likely than other age groups to experience high levels of long-term unemployment, stagnant wages, and declining job opportunities. Meanwhile, many employers are experiencing labor shortages and having trouble filling vacancies with qualified, well-trained workers. This contradiction presents an opportunity to … Continue reading
Poor in the US in 2017 – About a third were children
>In 2017, 12.3 percent of the population—39.7 million people—lived in poverty, as defined by the official poverty measure [i]. The share of the population living in poverty was statistically significantly lower in 2017 than in 2016 by 0.4 percentage points. The U.S. Census Bureau is tasked with determining how many people in the United States … Continue reading
Job Report in US, December 2018 – Employment increased by 312,000 but unemployment rose by 0.2 percentage point to 3.9 percent
Total nonfarm payroll employment increased by 312,000 in December, and the unemployment rate rose to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, food services and drinking places, construction, manufacturing, and retail trade. Household Survey Data The unemployment rate rose by 0.2 percentage point to 3.9 percent … Continue reading
Employment-to-Population Ratio in US – Why the decline ?
For several decades now, the employment rate among prime-age U.S adults has been falling. Less-educated males have experienced the largest drop in employment, but the troubling trends in participation are not limited to this group. Employment rates among women, which had been rising since the late 1960s, have stagnated and in some recent years declined. … Continue reading
Their Minimum Wage in US, 2019 – Many States and Cities raise it
The federal minimum wage has been $7.25 for a decade, but many states have a higher rate and some wage hikes will take effect this year. We’ve rounded up the latest news on what employers need to know for 2019. Here are SHRM Online resources and news articles from other trusted media outlets. Nineteen states increased their … Continue reading
Manufacturing Jobs in US – About where they were in October 1941
The big picture: There were 12.8 million manufacturing jobs as of October, up from the 11.4 million in March 2010, the nadir of the financial crash, according to the St. Louis Fed. But they are still a shadow of their modern 19.4 million-job peak in 1979, and right about where they were in October 1941, … Continue reading
Refugees in US in 2017 – The first time since 1980 that America’s total fell below the combined total from the rest of the world
The number of refugees resettled in the U.S. decreased more than in any other country in 2017. That year the U.S. resettled 33,000 refugees, the lowest total since the two years after the terrorist attacks of Sept. 11, 2001, and a steep drop from 2016. Non-U.S. countries resettled more than twice as many refugees as the … Continue reading
Federal Funding in US – For higher education, annual total exceeds $150 billion vs $1 billion for a non-college, vocational pathway
Consider two high school seniors — one who exhibits strong academic talent and one who does not… To whom does our education system owe what? After high school graduation, the first student can access more than $10,000 annually in public funds to support his college experience. Federal funding for higher education has grown by 133 … Continue reading
Higher Education and Women in US – More likely than men to have earned a bachelor’s degree by age 31
Nearly 36 percent of women born in the years 1980–84 had earned a bachelor’s degree by age 31, compared with 28 percent of men. Among both women and men, 38 percent had attended some college or earned an associate degree by age 31. Twenty-four percent had earned a high school diploma or General Educational Development … Continue reading
Job Report in US, November 2018 – Employment increased by 155,000
Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, and in transportation and warehousing. Household Survey Data In November, the unemployment rate was 3.7 percent for the third month in … Continue reading
Apprenticeship in US – A key component to the solution to the skills gap
Apprenticeship programs, when implemented effectively, provide workers with a career path featuring paid on-the-job training, skills development, and mentorship, while at the same time providing employers with a steady source of highly trained and productive workers. These programs have the potential to grow into a critical and successful component of America’s workforce strategy, but are … Continue reading
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