Job Market Monitor
United States
Nine states have regained all jobs lost to recession – The Business Journals
Nine states and the District of Columbia have recovered all of the jobs they lost during the recession. The other 41 states are still working on their comebacks. On Numbers analyzed state-by-state employment data from the U.S. Bureau of Labor Statistics for May 2007 and the same month this year. The economic downturn officially … Continue reading
US – Job Access by Transit
The suburbanization of jobs obstructs transit’s ability to connect workers to opportunity and jobs to local labor pools. An analysis of data from 371 transit providers in the nation’s 100 largest metropolitan areas reveals that: Over three-quarters of all jobs in the 100 largest metropolitan areas are in neighborhoods with transit service. Western metro areas … Continue reading
US – Hires Rate (3.3 percent) and Separations Rate (3.3 percent) unchanged in May
There were 3.6 million job openings on the last business day of May, little changed from 3.4 million in April, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.3 percent) were essentially unchanged in May. This release includes estimates of the number and rate of job openings, hires, … Continue reading
Chart – Public employment by President
Source: The Center of the Universe » Blog Archive » Public employment by President.
Politics – Lower Unemployment Where Republican Governor Elected in 2010
While liberals remain aloof to our economic recession in Washington, every Republican governor elected in 2010 has reduced unemployment and spurred an economic recovery at a rate faster than the national average in their respective states. Tony Lee of Breitbart.com stated that “the average drop in the unemployment rate in these states was 1.35%, compared to … Continue reading
Presidential Campaign – Almost 13% of Young Adults Who Voted for Obama are Now Unemployment
After almost one full term of Obama’s policies, the unemployment rate is still above 8% according to figures released on June 6, 2012. The number of unemployed women ages 16 and over in the civilian work force increased by 780,000 from January 2009. The economy created only 80,000 jobs in June while 85,000 workers exited … Continue reading
Duration Unemployment in US
In June of 1983, the percentage of those unemployed 27 weeks or longer peaked at 26%. That is the only month prior to April of 2009 above the 25% mark. Starting April of 2009, every month has been above the 25% mark. Starting July of 2009, every month has been above the 30% mark. Starting … Continue reading
How many more jobs would we have if the public sector hadn’t been shedding jobs for the last three years?
The most glaring weakness in the current recovery relative to previous ones is the unprecedented public-sector job loss seen over the last three years. The figure below shows that private sector job growth in the current recovery is close to that of the recovery following the early 1990s recession and is substantially stronger than the … Continue reading
Boehner, Hill Republicans react to bad jobs report
The lackluster jobs report brought a swift and coordinated response from Capitol Hill, with Republicans blaming the poor showing on President Obama’s policies, while Democrats countered that the GOP was wasting time on ideological measures that have little chance at improving the economic outlook. “Today’s report shows the private sector clearly isn’t ‘doing fine’ and … Continue reading
Federal Government Can Restore Full Employment – If Only it Wanted to Do So
‘Three years after our worst recession since the Great Depression officially ended, the U.S. economy is still very weak’ writes Mark Weisbrot. The people most hurt by this weakness are the unemployed and the poor, and of course the two problems are related. We have about 23 million people who are unemployed, involuntarily working part-time, or have … Continue reading
Update 3 – US Job market loosing momentum : unemployment rate unchanged while nonfarm payroll employment is up in June (+80,000)
Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month. Household Survey Data The number of unemployed persons (12.7 million) was essentially … Continue reading
US Job market loosing momentum : unemployment rate was unchanged at 8.2 percent while nonfarm payroll employment continued to edge up in June (+80,000)
Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month. Household Survey Data The number of unemployed persons (12.7 million) was essentially … Continue reading
Outsourcing comes with a wage penalty, at least in some occupations
“Outsourcing of labor services grew substantially during the 1980s and 1990s and was associated with lower wages, fewer benefits, and lower rates of unionization” write Arindrajit Dube and Ethan Kaplan in Does Outsourcing Reduce Wages in the LowWage Service Occupations? Evidence from Janitors and Guards on digitalcommons.ilr.cornell.edu The authors focus on two occupations for which they can identify outsourcing in … Continue reading
Gallup – U.S. Adjusted Unemployment is 7.8%, an improvement
U.S. unemployment, as measured by Gallup without seasonal adjustment, was 8.0% in June, unchanged from May, but significantly better than the 8.7% from a year ago. Gallup’s seasonally adjusted number, based on applying an estimate of the government’s June adjustment, is 7.8%, an improvement from 8.3% in May, and down considerably from 8.5% in June … Continue reading
Federal Reserve Bank of Philadelphia’s coincident indexes for states decreased in nine states
The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2012. In the past month, the indexes increased in 34 states, decreased in nine states, and remained stable in seven states, for a one-month diffusion index of 50. Over the past three months, the indexes increased in 47 … Continue reading
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