The President’s proposal contains three core elements: Protecting Workers with Wage Insurance: The President’s plan would ensure workers have access to wage insurance that would replace half of lost wages, up to $10,000 over two years. Displaced workers making less than $50,000 who were with their prior employer for at least three years would be … Continue reading
The seasonal worker provision, sought by a coalition of industry groups that include hotels, restaurants, ski and beach resorts, construction companies and seafood processors, allows U.S. companies to bring in far more than the 66,000 workers a year that have been permitted to obtain visas in the past. The H-2B visa program does not include farm workers. The Departments of Labor … Continue reading
Overall, they will show a labor market that continues to recover from the Great Recession. At the same time, a lack of progress on a number of fronts will suggest some serious longer-term problems, which existed before 2008 but were exacerbated by the recession and the slow (though steady) recovery since then. First, the good … Continue reading
In 2014, 87.4 million people 16 years and older neither worked nor looked for work at any time during the year. Of this group, 38.5 million people reported retirement as the main reason for not working. About 16.3 million people were ill or had a disability, and 16.0 million were attending school. Another 13.5 million … Continue reading
Millennials continue to make headlines, including on our Fact Tank posts. Our research showed that this confident, politically independent generation not only overtook Generation X as the largest generation in the U.S. workforce, but also overtook Baby Boomers in population size – two big milestones that resonated with our audience. Source: Top Fact Tank data of 2015 | Pew Research Center
The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year. The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation. You read that right: The median male worker who was employed year-round and full time earned less in … Continue reading
The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy.Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 267,000 for the week ended Dec.19, not far from levels last seen in … Continue reading
Low participation is the main explanation for depressed employment rates among prime-age Americans. Participation rates are not only low in comparison to levels seen before the Great Recession, they are also now below those in other rich countries. Charts 2 and 3 compare employment-to-population rates among 25-54 year-olds in seven OECD member countries (Canada, France, … Continue reading
How tight does the labor market have to get before wages really start heating up? In Lincoln, Neb., average hourly earnings were stagnant until the unemployment rate crossed below 2.5% in the fall of 2014. Then, wages took off. Since last October, they gained as much as 10.9% from a year earlier. The jobless rate … Continue reading
If adjusted for inflation, the minimum wage of 1968 would be $10.90 today. That is a whopping reduction of the federal minimum wage by a third. It’s worth noting that the unemployment rate was 3.6 percent in 1968 with a higher real minimum wage. So the unemployment rate is higher today — at 5 percent … Continue reading
The middle class shrinks The hollowing of the American middle class has proceeded steadily for more than four decades. Since 1971, each decade has ended with a smaller share of adults living in middle-income households than at the beginning of the decade, and no single decade stands out as having triggered or hastened the decline … Continue reading
96% of Chief Academic Officers rate their institution as very / somewhat effective at preparing students for the world of work. 14% of Americans strongly agree that college graduates in this country are well-prepared for success in the workplace. 11% of business leaders strongly agree that graduating students have the skills ans competencies their business … Continue reading
According to the U.S. Bureau of Labor Statistics (BLS), the civilian labor force in the United States numbered 155.9 million in 2014, and that’s expected to grow to 163.8 million by 2024. What are America’s fastest growing occupations going to be during that time frame? Chosen excerpts by Job Market Monitor. Read the whole story at America’s Fastest Growing Occupations … Continue reading
The image of a young newly minted college graduate working behind the counter of a hip coffee shop has become a hallmark of the plight of college graduates following the Great Recession. Indeed, although economic conditions steadily improved through the recovery, significant slack remained in the labor market, and many recent graduates were not finding jobs … Continue reading
According to just-released U.S. Census Bureau data, African American women and Latinas are suffering from significant gender-based wage gaps in the 20 states in which most are employed full time, year round. The analysis reveals that for every dollar paid to white, non-Hispanic men in these states, on average, African American women are paid from … Continue reading