Job Market Monitor
United States
US – Is your city’s workforce growing older or younger?
Is your city’s workforce growing older or younger? CareerBuilder is out with a new study that explores employment trends for the 100 most populous U.S. cities, tracking how the shares of workers ages 22 to 34 and ages 55 and older have changed from 2001 to 2016. Topping the list for cities aging the fastest … Continue reading
Labor Market Outlook for 2017 and 2018 in US – The employment shortfall will shrink CBO says
CBO expects slack in the labor market to disappear over the next two years, as the growth of aggregate demand increases the demand for labor, eliminating the shortfall between actual and potential employment by the end of 2018 (see the figure below). That estimate is the effect of two expected developments. First, the gap between … Continue reading
US – Full employment may be redefined
Fed policymakers indicated in their post-meeting statement Wednesday that there’s still room for improvement in the job market. While the unemployment rate “stayed near its recent low” in December, “some further strengthening” is expected in labor conditions. That doesn’t mean central bankers or Labor Department economists are about to abandon the unemployment rate as their … Continue reading
US – Top 10 creative jobs in demand
Everyone knows the top-paying jobs are typically found in science and business. However, there are plenty of top-dollar career options for professionals whose passions are in the creative fields: coming up with new and original ideas, projects or products. CareerBuilder and Emsi compiled a list of the top 10 creative jobs the labor market needs … Continue reading
US – Millennials are taking over the workplace (Infographic)
Chosen by Job Market Monitor. @ visual.ly/api/embed/50554?width=540 From Visually.
US – A continuous decline in the overall participation rates until 2060 BLS says
In the Census Bureau’s latest projections, the growth rate (percentage change) of the resident population is projected to decrease in the long term. In 2022, the share of natural increase and immigration in projections of the resident population will be equal and at 50 percent. The civilian noninstitutional population is projected to grow from … Continue reading
Refugees in the US – 84,995 admitted in 2016
The U.S. admitted 84,995 refugees in the fiscal year ending in September 2016, the most in any year during the Obama administration. An additional 31,143 refugees have been admitted to the U.S. from Oct. 1 through Jan. 24, including more than 1,136 refugee admissions since Trump became president on Jan. 20. Though refugee admissions would … Continue reading
View of labor Unions in US – About six-in-ten adults today have a favorable view
About six-in-ten adults today have a favorable view of labor unions (60%) and business corporations (56%), according to a new Pew Research Center survey. Views of both have grown more positive since March 2015, when roughly half of adults (48%) expressed a favorable view of each. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
Labor Force Participation in US – The CBO’s projections: a drop of 3.7 percentage points over 30 years
What Are CBO’s Current Projections of Labor Force Participation? CBO projects that the rate of labor force participation (that is, the number of people who are either working or seeking work as a share of the civilian noninstitutionalized population age 16 or older) will decline from 62.8 percent in 2017 to 61.0 percent in 2027 and … Continue reading
US – How many immigrants are underemployed (i.e., in low-skilled jobs) or unemployed?
The United States has long attracted some of the world’s best and brightest, drawn by the strong U.S. economy, renowned universities, and reputation for entrepreneurship and innovation. But because of language, credential-recognition, and other barriers many of these highly skilled, college-educated immigrants cannot fully contribute their academic and professional training and skills once in the … Continue reading
Manufacturing Jobs in US – About 157,000 U.S. workers quit in October, the highest level in more than eight years
About 157,000 U.S. workers quit a manufacturing job in October, the highest level in more than eight years and a reminder of the massive churn across the labor market. Falling factory employment has been running theme of 2016, and President-elect Donald Trump has made those jobs a priority. Underneath the long-term slide in employment is a more dynamic … Continue reading
Minimum Wage in US – Study claiming the minimum wage harmed low-wage workers fails conventional tests EPI says
Beginning in 2007, there were two major developments in the U.S. economy. The federal minimum wage rose in steps from $5.15 to $7.25 per hour, and overall employment growth slowed significantly as the country began its descent into the Great Recession. A recent paper by Jeffrey Clemens and Michael Wither argues that the national minimum … Continue reading
Work-Based Learning for Youth in US – Promising practices
This paper examines four different youth work-based learning strategies, each targeting different youth populations and industry sectors, and identifies key elements of these programs’ success, challenges each has needed to address, and policy recommendations to address these challenges. Why work-based learning Well-designed work-based learning opportunities provide youth participants with occupational and work readiness training while … Continue reading
Earnings in US – The more you learn, the more you earn
The data, from the 2015 American Community Survey, continue to show that the more you learn, the more you earn. In 2015, median earnings for adult workers without a high school diploma were approximately $21,000 compared with $67,000 for those with a graduate degree. Workers with “some college” or an associate’s degree—the most common level … Continue reading
US – Where voters could raise minimum wage
With the U.S. economy on the upswing, voters in Arizona, Colorado, Maine, and Washington are set to vote on increases to those states’ minimum wages by as much as 60 percent over the next few years, adding to nationwide momentum that has lifted wages for low-income workers significantly. Chosen excerpts by Job Market Monitor. Read … Continue reading
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