United States

This tag is associated with 2214 posts

Immigration in US – For a labor-market-driven immigration system

The U.S. labor market will be buffeted by at least three major sets of changes over the next few decades. The country will see major shifts in the following characteristics of the market: 1. Demographics. The native-born population and workforce will age and shrink, and the presence of racial and ethnic minorities in the workforce … Continue reading

Higher Education in US – Only half of American adults think colleges and universities are having a positive effect

Americans see value in higher education – whether they graduated from college or not. Most say a college degree is important, if not essential, in helping a young person succeed in the world, and college graduates themselves say their degree helped them grow and develop the skills they needed for the workplace. While fewer than half … Continue reading

US – The noninflationary unemployment rate threshold have declined toward 4% in recent years

Unemployment is running near its 50-year low, but inflation has not picked up as expected. This suggests that the unemployment rate consistent with stable inflation has fallen. Combining a conventional Phillips curve tradeoff between unemployment and inflation with a noninflationary unemployment rate that can change over time shows that estimates of this unemployment threshold have … Continue reading

Recession in US – Most NABE economists expect it by the end of 2021

“Survey respondents indicate that the expansion will be extended by the shift in monetary policy, and most expect the next economic recession will occur later than anticipated when the February policy survey was conducted,” said NABE President Constance Hunter, CBE, chief economist, KPMG. “Of the 98% of respondents who believe a recession will come after … Continue reading

Upgrading Skills in US – A more comprehensive approach is required

To upgrade the skills of Americans at greatest risk from automation, a more comprehensive approach is required — one that’s backed by government. To start, states and the federal government should boost tax credits to encourage small and medium-sized businesses to invest more in retraining low-skilled workers. States should bolster workforce development boards that help … Continue reading

US – Private Sector Payroll Jobs During Presidential Terms

Th[is] graph is for private employment only. Mr. Trump is in Orange (30 months). The employment recovery during Mr. G.W. Bush’s (red) first term was sluggish, and private employment was down 821,000 jobs at the end of his first term.   At the end of Mr. Bush’s second term, private employment was collapsing, and there were net 382,000 private … Continue reading

Inflation and Unemployment in US – What about the Phillips Curve ?

This paper studies the current state of inflation dynamics through the lens of the Phillips curve and assesses the degree of anchoring of inflation expectations. I first estimate a Phillips curve model with both past inflation and a constant anchor as explanatory variables over the 1999– 2018 period for a variety of measures of consumer … Continue reading

Job Report in US, July 2019 – Employment rose by 164,000 and unemployment unchanged at 3.7

Total nonfarm payroll employment rose by 164,000 in July, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and technical services, health care, social assistance, and financial activities. Household Survey Data The unemployment rate held at 3.7 percent in July, and … Continue reading

Immigration in US – 87 percent of overall population growth by 2049 CBO says

With birth rates projected to remain low, net immigration flows become an increasingly important part of overall U.S. population growth; in 2019, projected net in flows account for approximately 45 percent of overall population growth, but by 2049 that share is nearly 87 percent. CBO projects three broad categories of immigration: legal permanent residents (LPRs), … Continue reading

Career and Technical Education and Local Labor Markets in US – How aligned ?

The recent reauthorization of the Carl D. Perkins Career and Technical Education Act—the principal federal education program supporting career and technical education (CTE)—expressly aims to “align workforce skills with labor market needs.” How Aligned is Career and Technical Education to Local Labor Markets?, co-authored by Pepperdine University associate professor Cameron Sublett and Fordham Institute senior research … Continue reading

Pre-Apprenticeship in US – To prepare individuals to enter and succeed

Pre-apprenticeship programs are designed to prepare individuals to enter and succeed in a Registered Apprenticeship or other high-quality apprenticeship program, and ultimately a career. They can be delivered by a range of entities including community-based organizations, high schools, labor organizations, workforce agencies, or community colleges. For educational institutions, the programs can and should integrate directly … Continue reading

Job Report in US, June 2019 – Employment increased by 224,000 and unemployment rate little changed at 3.7 percent

Total nonfarm payroll employment increased by 224,000 in June, and the unemployment rate was little changed at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, in health care, and in transportation and warehousing. Household Survey Data Both the unemployment rate, at 3.7 percent, and the number of unemployed persons, … Continue reading

Unemployment Insurance Weekly Claims in US, April 13 – Down at the lowest level for initial claims since September 6

In the week ending April 13, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 5,000 from the previous week’s revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week’s level was revised up by 1,000 from 196,000 to 197,000. … Continue reading

Business Cycles in US – NBER’s reference dates and duration

  Chosen excerpts by Job Market Monitor. Read the whole story at US Business Cycle Expansions and Contractions

Weekly Jobless Claims in US (ending April 6) – The lowest level for initial claims since October 4, 1969

In the week ending April 6, the advance figure for seasonally adjusted initial claims was 196,000, a decrease of 8,000 from the previous week’s revised level. This is the lowest level for initial claims since October 4, 1969 when it was 193,000. The previous week’s level was revised up by 2,000 from 202,000 to 204,000. … Continue reading

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