Job Market Monitor
United States
Recent Graduates in Education in US – A puzzling picture
The picture for the most recent graduates is more puzzling. Remembering that we are looking only at those who are employed, it’s surprising that the majority in the final year of the data are employed somewhere other than in education. Maybe some of this has to do with how the data was collected. (A respondent … Continue reading
Minimum Wages in US – Business executives support the increase internal survey shows
Whenever minimum wage increases are proposed on the state or federal level, business groups tend to fight them tooth and nail. But actual opposition may not be as united as the groups’ rhetoric might make it appear, according to internal research conducted by a leading consultant for state chambers of commerce. The survey of 1,000 … Continue reading
Training in US – What works for adults?
What works for adults? A post-secondary education, particularly a degree or industry-recognized credential related to jobs in demand, is the most important determinant of differences in workers’ lifetime earnings and incomes; Flexible and innovative training and post- secondary education approaches, such as contextual learning and bridge programs are expanding and show promise; The more closely … Continue reading
The Job Market In US – Most views positive in last 15 years PEW’s survey shows
Americans are now more positive about the job opportunities available to them than they have been since the economic meltdown, when views of the job market took a nosedive. Today’s more upbeat views rank among some of the best assessments of the job market in Pew Research Center surveys dating back 15 years. In a … Continue reading
Post-secondary Education in US – The academic-dominated approach is not working
The academic-dominated approach is not working, especially for economically disadvantaged students. Of this group, about 20 percent of teenagers don’t graduate from high school at all. Of those who do graduate, about half matriculate to some form of college. But many are not ready: two-thirds of low-income students at community colleges start in remedial classes. … Continue reading
Job Report in US, March 2016 – Clearly a strong report: total nonfarm payroll employment rose by 215,000 and the unemployment little changed at 5.0 percent
Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining. Household Survey Data In March, the unemployment rate (5.0 percent) and the … Continue reading
Poverty in US – A significant shifts in the geography
The Great Recession may have ended in 2009, but despite the subsequent jobs rebound and declining unemployment rate, the number of people living below the federal poverty line in the United States remains stuck at recession-era record levels. The rapid growth of the nation’s poor population during the 2000s also coincided with significant shifts in … Continue reading
US – The middle-class is shrinking Pew Research finds
The share of Americans who live in middle class households is shrinking. The share of U.S. adults living in middle-income households fell to 50% in 2015, after more than four decades in which those households served as the nation’s economic majority. And the financial gaps between middle- and upper-income Americans have widened, with upper-income households holding … Continue reading
Demographic trends in US – More racially and ethnically diverse
Americans are more racially and ethnically diverse than in the past, and the U.S. is projected to be even more diverse in the coming decades. Asia has replaced Latin America (including Mexico) as the biggest source of new immigrants to the U.S. Chosen excerpts by Job Market Monitor. Read the whole story at 10 demographic … Continue reading
Colleges in US – The tremendous growth in the number of short credentials awarded
Over the past decade there has been tremendous growth in the number of short credentials awarded by public community colleges. These programs of study are explicitly vocational and require fewer credits for completion than an associate’s degree. However, it is not clear whether students benefit from obtaining these certificates. On the one hand, these credentials … Continue reading
The Gig Economy in US – About 1% of adults having tried one at some point
One of the most-hyped changes to the U.S. labor market has been “the rise of Uber and its ilk”—companies that use smartphone apps to connect workers to gig jobs. The most prominent example of this phenomenon is, of course, Uber, the ride-hailing service that allows people to summon drivers with an app and pay by the … Continue reading
Prime-Age Men in US – 1.4 million dropped out of work
Approximately 1.4 million men in their prime working years—age 25-54—have left the workforce since before the Great Recession began, bringing the total number to approximately 7 million.According to data compiled by U.S. Bureau of Labor Statistics economist Steven Hipple in a recent article, the most common reason those men give is being ill or disabled … Continue reading
Automatic stabilizers in US – A major tool the government uses to respond to recession (video)
Automatic stabilizers—mechanisms built into the federal budget that increase spending or decrease taxes when the economy slows without any vote from Congress– are a major tool the government uses to respond to recession. For instance, spending on unemployment compensation automatically increases when there are more people out of work. During the Great Recession, automatic stabilizers … Continue reading
Minimum Wages in US – Wages for low-wage workers rose faster in states that increased it
In 2015, wages for low-wage workers rose faster in states that increased their minimum wage than in states that saw no minimum wage increase. Working people in states that increased the minimum wage through legislation—which led to larger increases than indexed increases—saw the biggest boost to their wages, regardless of gender. Women, however, benefited slightly … Continue reading
Lifelong Learning in US – Competition is coming from every direction
Those who aren’t trying to improve will get passed by. One compelling motivation for some is to stay nimble and keep learning in order to increase their worth for employers and in their own eyes: You don’t want to stagnate in your learning and your position. My thinking is you have to have a hunger … Continue reading
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