Job Market Monitor
United States
Minimum Wage / Pushing for a livable wage
Before the recession, Amie Crawford was an interior designer, earning $50,000 a year patterning baths and cabinets for architectural firms. Now, she’s a “team member” at the Protein Bar in Chicago, where she makes $8.50 an hour, slightly more than minimum wage. It was the only job she could find after months of looking. Crawford, … Continue reading
US / The Income Inequality Crisis in 16 Charts
The middle class crisis — and its resulting income inequality — is the most important economic story of our time. There are a million ways to tell it, and here’s another: an annotated slide show, culled from the amazing 2012 edition of the State of Working America from EPI. Choosen excerpts by Job Market Monitor … Continue reading
US / The Future of Federal Workforce Development Policy – A video from Brookings Institution
The overhaul of the Workforce Investment Act (WIA) in the late 1990s put in place a new framework to provide federal job training programs to workers and to “improve the quality of the workforce, reduce welfare dependency, and enhance productivity and competitiveness.” Reauthorization of WIA is long overdue, as the Act’s provisions technically expired nearly … Continue reading
Gender Wage Gap Grows At Elite B-Schools finds Bloomberg
Exclusive new research from Bloomberg Businessweek has found that the pay gap among graduates of elite business schools, virtually non-existent a decade ago, is widening. Women now earn a nickel less than they used to in their first post-MBA jobs for every dollar earned by men. And those are the lucky ones. At about a … Continue reading
Fiscal Cliff / Focusing attention on partisan maneuvers
Washington has a way of focusing the nation’s attention on tactical games over partisan maneuvers that are symptoms of a few really big problems. But we almost never get to debate or even discuss the big problems because the tactical games overwhelm everything else. The debate over the fiscal cliff, for example, is really about … Continue reading
US / The world’s largest trade deficit kills jobs
Agonizing over U.S. job losses often overlooks a primary cause of the problem: America’s severe trade deficit. Since the 1970s, U.S. imports have exceeded exports every year. “This deficit, now the world’s largest, kills jobs. It urgently needs to be fixed,” write Donald L. Barlett and James B. Steele in their new book, The Betrayal … Continue reading
Reshoring in US / A nascent trend ?
Recent days have produced a steady drip, drip, drip of good tidings about new jobs on America’s factory floors. Apple, Lenovo, LG Chem, and now Daimler AG have all recently said they plan to add manufacturing jobs in the US. President Obama hopes it’s a sign of the times, but economists say it’s, at best, a … 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
Tennessee / Access America Transport’s expansion will bring 550 jobs
The expansion of a Tennessee-based company will bring 550 jobs to the Volunteer State over the next four years. The state and company officials announced on Monday that Access America Transport will expand its Chattanooga and Knoxville facilities, adding 450 additional jobs in Chattanooga and 100 new jobs at the Knoxville facility. I want to … Continue reading
US / Why the unemployment rate used to be low
Why did the U.S. unemployment rate used to be so low? (and why it can be very low again) asked Regis Barnichon and Andrew Figura (Adapted choosen excerpts by Job Market Monitor to follow) Between 1979 and 2000, the unemployment rate displayed a secular decline of about 2 ppt and reached 3.8% in April 2000, its lowest value in … Continue reading
Skills Gap / Vocational Education / Meeting the needs of a specific labour market
The report INTERNATIONAL APPROACHES TO SPECIALISATION IN VOCATIONAL EDUCATION by Charlynne Pullen, Olivia Varley-Winter and Philippa Melaniphy presents “four country studies: Germany, the United States of America, Singapore and Australia” (Adapted choosen excerpts by Job Market Monitor to follow). For the purposes of this report, the definition of specialisation is an instance in which provision of vocational education is focused … Continue reading
(UPDATE) US / Unemployment Rate Falls to Four-Year Low / Sandy: no substantively impact the job market
Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and health care. Household Survey Data The unemployment rate edged down to 7.7 percent in November. The number of unemployed … Continue reading
US / Offshoring / About 663,000 large-company service jobs heading offshore
Service companies have been sending jobs abroad in large numbers the past decade to cut labor costs — a trend that accelerated in the recession and is expected to continue the next few years before slowing after 2016. About 663,000 large-company jobs in information technology, human resources, finance and purchasing — the category that includes … 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’
From Jail to Skilled Workers Through Apprenticeship
Three years back, Bush sat in the state women’s prison in Purdy, finishing seven and a half years for an armed-robbery conviction. The former addict dropped out of school in seventh grade–“Me and school, we never saw eye to eye,” she says–was convicted of her first felony at 13, had a child at 15, and … Continue reading
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