Job Market Monitor
United States
Internship in US – 70.8 Percent of employers want to convert students into full-time, entry-level employees survey finds
Key findings PROGRAM STRUCTURE Nearly all respondents to this survey had a formal internship program (92.0 percent). Less than half had a co-op program (45.1 percent). The primary focus of most employers’ internship and co-op programs is to convert students into full-time, entry-level employees (70.8 percent and 62.6 percent, respectively). Very few employers required their … Continue reading
Contingent Workforce in US – More likely to have no high school degree and have low family income.
The size of the contingent workforce as a proportion of the total U.S. employed labor force can range widely, depending on how it is defined. Narrower definitions generally focus on employment that is temporary, and can result in estimates of less than 5 percent. Broader definitions include various employment arrangements, such as on-call, part-time, and … Continue reading
Temporary Help Employment in US – Accounts for a large share of gross job losses and job gains
The temporary help industry accounts for about 2 percent of average daily employment in the U.S. economy but plays an outsized role in workforce adjustment during recessions and recoveries. During the last recession, the largest since the Great Depression of the 1930s, employment in the temporary help industry contracted by 30 percent and accounted for … Continue reading
The skills gap in US – How companies can fill it
The labor market, meanwhile, has steadily bifurcated, with menial low-wage jobs on one end and high-skill, high-wage careers on the other. Technology and competition from emerging markets have undermined those in the middle. Yet at the same time, there’s a skills gap: in the US, nearly two-thirds of companies report having positions for which they … Continue reading
Youth Unemployment in US – A National Tragedy says Senator Bernie Sanders of Vermont
Calling youth unemployment “a national tragedy,” Sen. Bernie Sanders (I-Vt.) today cited a new national study which found that unemployment among recent high school and college graduates is much worse than previously estimated. At Sanders’ request, the Economic Policy Institute analyzed census data on unemployment among young people who are jobless, working part-time when they … Continue reading
2015 US College Graduate – Only 15 percent want to work for a large-size company
This year’s college grads are more practical and job-ready than any crop in recent memory. But many of them are indicating they don’t want to work for your type of company. New grads have strengthened their link in the overall talent supply chain while many employers have not. Are you ready to meet that challenge? Only … Continue reading
US Job Report for May – Total nonfarm payroll employment increased by 280,000 and
Total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, leisure and hospitality, and health care. Mining employment continued to decline. Household Survey Data In May, both the unemployment rate … Continue reading
Workers Wages in US – Wage growth trailed the prerecession pace in two-thirds of cities where the Jobs Gap is closed
A Wall Street Journal analysis of Labor Department data points to persistent constraints on worker pay, even as the economy approaches full employment. The Journal found 33 U.S. metropolitan areas—from the small to the sizable—where unemployment rates and nonfarm payrolls last year returned to prerecession levels. In two-thirds of those cities—including Columbus; Houston; Oklahoma City; … Continue reading
Job Clubs in the US – Evaluations of FBO/CBO-sponsored clubs
Over the past several decades, job search support groups, commonly referred to as “job clubs,” have evolved into one of several important activities used by the public workforce system and faith- and community-based organizations (FBOs/CBOs) to enhance worker readiness and employability, as well as to provide ongoing support to unemployed and underemployed individuals as they … Continue reading
Millennials in US – 75 percent of the workforce by 2025
By 2020, Millennials will comprise more than one of three adult Americans. It is estimated that by 2025 they will make up as much as 75 percent of the workforce. Millennials’ desire for pragmatic action that drives results will overtake today’s emphasis on ideology and polarization as Boomers finally fade from the scene. Thus, understanding … Continue reading
Women in the US Labor Force – A new databook by the BLS
In 2012, 57.7 percent of women were in the labor force, down 0.4 percentage point from 2011. Men’s labor force participation, which always has been much higher than that for women, also edged down in 2012, from 70.5 percent to 70.2 percent. (See tables 1 and 2.) The overall unemployment rate for women in 2012 … Continue reading
Federal Reserve Board’s Survey – Forty-nine percent of part-time workers and 36 percent of all workers would prefer to work more hours
As the economy of the United States continues to rebound from the Great Recession, the well-being of households and consumers provides important infor- mation about the scope and pace of the economic recovery. In order to monitor the financial and eco- nomic status of American consumers, the Federal Reserve Board began conducting the Survey of … Continue reading
Occupational Licensing in US – Those with a license earn higher pay, are more likely to be employed, and have a higher probability of receiving retirement and pension plan offers
Occupational licensing has become increasingly important in the regulation of services in the United States. The number of occupations requiring a license has grown since the 1970s, as has the percentage of workers who have attained or are covered by a governmental license. The number of studies analyzing occupational regulation, however, has not kept pace. … Continue reading
Job Tenure in the U Congress – 9.8 years for the House and 11.4 years for the Senate for Members of the 112th Congress, as of January 5, 2011
The average service tenure of Members of the Senate and House of Representatives has varied substantially since 1789. This report presents data on Member tenure and a historical analysis of tenure trends. During the 19th century, the average service of Representatives and Senators remained roughly constant, with little or no change over time; the average … Continue reading
Social Security Claims in US – A growing number are waiting until their mid-60s or later
With lower Social Security replacement rates, vanish- ing traditional pensions, and longer lifespans, many people will need to work longer to ensure a secure retirement. Working longer directly increases current income; it avoids the actuarial reduction in Social Security benefits; it allows people to contribute more to their 401(k) plans; and it shortens the period … Continue reading
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