Job Market Monitor
United States
Unstable and On-Call Work Schedules in US and Canada – One out of six works a schedule that varies primarily according to employer needs
Unstable work schedules are schedules in which the times of work vary and workers have little or no control over that variability, either as individuals or through collective agreements. These schedules are also often called “just-in-time” schedules. Their main attraction for employers is flexibility: the ability to respond to changes in demand and other contingencies, … Continue reading
Foreign Grads Working in US – Nearly 1.5 million between 2004 and 2016
Between 2004 and 2016, nearly 1.5 million foreign graduates of U.S. colleges and universities obtained authorization to remain and work in the U.S. through the federal government’s Optional Practical Training program (OPT). More than half (53%) of the foreign graduates approved for employment specialized in science, technology, engineering and mathematics (STEM) fields, according to a … Continue reading
US Mothers – Spending more time in the labor force than in the past, but also more time on child care
In 2016, moms spent about 25 hours a week on paid work, compared with nine hours in 1965. At the same time, they spent 14 hours a week on child care, up from 10 hours a week in 1965. (Dads, too, are spending more time in child care than they were a half-century ago.) Seven-in-ten … Continue reading
Unemployment Below 4 Percent in US – What does it mean ?
Job creation is increasingly limited not by employers’ optimism or confidence or so-called animal spirits, but on the hard limit caused by the finite number of humans to fill those jobs. And so the focus of policy seems as if it should be less on creating more jobs and more on trying to make the … Continue reading
Job Report in US – With alternative seasonal and weather-adjustment, employment actually decelerated, very slightly in April
April jobs growth was modestly boosted by the weather effect. This is because the level of employment in the previous month was held down by unusually snowy weather in early March, whereas April was roughly in line with seasonal norms. The official BLS data show that employment growth picked up a little in April, from … Continue reading
Job Report in US, April 2018 – Employment increased by 164,000 and unemployment at 3.9 percent
Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, health care, and mining. Household Survey Data In April, the unemployment rate edged down to 3.9 percent, following 6 months … Continue reading
Worker-Training and Adjustment Policies in US – A reform program
There has been growing speculation that a coming wave of innovation—indeed, a tsunami—powered by artificial intelligence (AI) and robotics, will disrupt labor markets, generate mass unemployment, and shift the few jobs that remain into the insecure “gig economy.” Kneejerk “solutions” from such technology Cassandras include ideas like taxing “robots” and implementing universal basic income for … Continue reading
Working Poor in US, 2015 – About 43.1 million people, or 13.5 percent of the population
In 2015, according to the U.S. Census Bureau, about 43.1 million people, or 13.5 percent of the nation’s population, lived below the official poverty level.1 (See the technical notes section for examples of poverty levels.) Although the poor were primarily children and adults who had not participated in the labor force during the year, 8.6 … Continue reading
Skills Gap in US – Data from the LinkedIn Economic Graph
Using data from the LinkedIn Economic Graph, our new skills gaps analytics can identify and quantify skills gaps at scale to help professionals and employers plan for the future. So what exactly is the data telling us? This may come as no surprise, but there’s a shortage of professionals with some of the most in-demand … Continue reading
US Demographics – 7 trends in 2018
More than 2,000 demographers are in Denver this week for the Population Association of America’s annual meeting, where they will discuss topics ranging from the changing family to international migration flows. Ahead of the meeting, here are some important recent demographic findings from Pew Research Center: Millennials are projected to outnumber Baby Boomers next year. … Continue reading
US – Employers have market power in many labor markets
Using data on the near-universe of online US job vacancies collected by Burning Glass Technologies in 2016, we calculate labor market concentration using the Herfindahl- Hirschman index (HHI) for each commuting zone by 6-digit SOC occupation. The average market has an HHI of 3,953, or the equivalent of 2.5 recruiting employers. 54% of labor markets … Continue reading
Careers Within a Firm in US – Wage growth for young workers deteriorated substantially in the first decade of the 2000s
With falling labor market dynamism in the United States, opportunities within firms take on increasing importance in young workers’ career progression. Developing a variety of occupational ranking metrics, the author shows that occupational mobility within firms follows a standard life cycle pattern in which the frequency, distance, and wage return from mobility falls with age. … Continue reading
Participation in US – Despite no sustained increase in the observed labor force participation rate in recent years, there has been a significant cyclical increase
After increasing for nearly four decades, the rate of labor force participation for individuals at least 16 years old began to fall in the first decade of the 2000s, from a peak of 67.1 percent in 2000 to 66.0 percent at the start of the 2007–2009 recession. Between the start of the recession and 2014, … Continue reading
Job Report in US, March 2018 – Employment up by 103,000 and unemployment unchanged (4.1 %)
Total nonfarm payroll employment edged up by 103,000 in March, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in manufacturing, health care, and mining. Household Survey Data In March, the unemployment rate was 4.1 percent for the sixth consecutive month,and the number of unemployed … Continue reading
The Distribution of Household Income in US, 2014 – Average of $19,000 for the lowest quintile and of $281,000 for the highest quintile and getting worse
In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest quintile and $281,000 for the highest quintile. After transfers and taxes, those averages were $31,000 and $207,000. What Are the Trends in Household Income and Income Inequality? According to the agency’s estimates, average household income before transfers … Continue reading
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