Job Market Monitor
United States
US November Job Report – Total nonfarm payroll employment increased by a solid 211,000
Total nonfarm payroll employment increased by 211,000 in November, and the unemploymentrate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today.Job gains occurred in construction, professional and technical services, and healthcare. Mining and information lost jobs. Household Survey Data In November, the unemployment rate held at 5.0 percent, and the number … Continue reading
Unemployment Rates in US State – None or above 7% for the first time since early 2007
Currently no state has an unemployment rate at or above 7% (light blue); Only eight states are at or above 6% (dark blue). Chosen excerpts by Job Market Monitor. Read the whole story at Calculated Risk: BLS on State Unemployment Rates: No State at or above 7%, First Time since early 2007
US – Declines in completion rates across ages and enrollment intensities
The official end of the Great Recession is considered to be June 2009 (National Bureau of Economic Research, 2010). However, its effects on employment, wages, and family finances have lingered, impacting students and their colleges and universities through 2009, and well beyond. This year’s completions report clearly shows the continuing effects of recession on the … Continue reading
US – Republican presidential candidates on the minimum wage
The most recent Republican presidential debate coincided with a nationwide day of action from the Fight For $15, a grassroots movement advocating for higher minimum wages. To Fox Business anchor Neil Cavuto’s credit, he seized this opportunity to ask the candidates a simple question: “Are you sympathetic to the protesters’ cause?” The answer was a … Continue reading
Labor Force Participation in US – An increasing share of Americans outside of the labour force are not making an effort to come back
The chart below showed that 93% of those classified as “not in the labour force” in October also resided there in September. Furthermore, since this share hit its cycle-low in June 2010, there has been a clear upward trend and we are currently around historically high levels. In other words, an increasing share of Americans … Continue reading
US – Lower- and mid-wage occupations experienced proportionately greater declines in their real wages
Averaged across all occupations, real median hourly wages declined by 4.0 percent from 2009 to 2014. As Figure 1 shows, lower- and mid-wage occupations experienced proportionately greater declines in their real wages than did higher-wage occupations. Between 2009 and 2014, occupations in the bottom three-fifths saw median wage declines of 4.0 percent or greater. By … Continue reading
US – None of the productivity growth flowed into the paychecks
This paper updates and explains the implications of the central component of the wage stagnation story: the growing gap between overall productivity growth and the pay of the vast majority of workers since the 1970s. A careful analysis of this gap between pay and productivity provides several important insights for the ongoing debate about how … Continue reading
US Job Report for October – Total nonfarm payroll employment increased by 271,000 and the unemployment at 5.0 percent
Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate was essentially unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction. Household Survey Data Both the unemployment rate (5.0 percent) … Continue reading
Unemployment – Waiting doesn’t bring better outcomes
In some things, waiting brings better outcomes. We’ve all learned that it’s better to spend more time searching at the buffet line before making a decision. Otherwise, you end up with a plate full of wontons and miss out on the crab legs at the end. Or perhaps it’s better to wait for the next … Continue reading
Job Report in US – Total nonfarm payroll employment increased by only 142,000 in September
Total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and information, while mining employment fell. Household Survey Data In September, the unemployment rate held at 5.1 percent, and the number of unemployed … Continue reading
US – Graduates’ current work engagement linked to key college experiences
Decades of Gallup research have demonstrated that engaged employees are more productive, are less likely to be absent, have lower turnover, have fewer safety incidents and are more productive and profitable. And findings from the Gallup-Purdue Index — a study of more than 30,000 college graduates — reveal some surprising connections between the experiences students … Continue reading
Satisfaction With Job in US – Up from 2005 finds Gallup
Employed Americans’ satisfaction with 13 aspects of their current jobs has largely improved in the last decade. The percentages of workers “completely satisfied” with their health benefits and vacation time have increased the most since 2005, each rising at least 10 percentage points. Chosen excerpts by Job Market Monitor. Read the whole story at Americans’ Satisfaction With … Continue reading
US Jobless Claims – A decline after four straight weekly increases
The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 6,000 to a seasonally adjusted 271,000 in the week ended Aug. 22 the Labor Department said Thursday. The decline comes after four straight weekly increases. Economists … Continue reading
US – 28 percent of these rich households with jobs in 2012 and with average income of $31.4 million got no paycheck in 2013
A very curious thing happened in 2013, when Congress raised the tax rates on top earners, from the 35 percent rate set under George W. Bush back to the Bill Clinton–era rate of 39.6 percent. More than 4,000 households that in 2012 enjoyed salaries averaging $6.5 million each stopped collecting paychecks, my analysis of IRS … Continue reading
US – Support for labor unions has jumped five percentage points to 58% over the past year
Americans’ approval of labor unions has jumped five percentage points to 58% over the past year, and is now at its highest point since 2008, when 59% approved. In the interim, the image of organized labor had suffered, sinking to an all-time low of 48% in 2009. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
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