Job Market Monitor
United States
Youth in US – Worse than in 1980s for job and pay
Young people of all races and ethnicities were not employed in 2013 at the rate they were a generation ago, according to data reported today by the National Center for Education Statistics, a division of the Education Department. Americans aged 20 to 24 who did have jobs were paid $4,800 less in 2012 than they … Continue reading
US – Unemployment is falling but still historically high
Six years after the financial panic that nearly sank the U.S. economy, it’s the millions of Americans who aren’t working, or working less than they want to, who pose a challenge to policymakers and a are major contributor to Americans’ persistently sour feeling about the economy. Although the official unemployment rate was down to 6.2% … Continue reading
Labor Day in US – How the working man and woman are treated
According to U.S. government data, in the past 12 months the working people of America have received about the smallest share of national economic output since at least World War II. When you adjust for inflation, real median household income is down about 10% since the start of the millennium and is now lower than … Continue reading
Retired in US – Over half went back into the workforce or started their own businesses poll finds
When planning for retirement, or how to live in retirement, it’s often helpful to consider what others have done or are doing. In February, an informal poll of roughly 400 RetiredBrains visitors revealed varied directions. It would seem that a life of leisure should lead the list; however this was in fact one of the … Continue reading
US – The “40-Hour” workweek is in fact 47 finds Gallup
Adults employed full time in the U.S. report working an average of 47 hours per week, almost a full workday longer than what a standard five-day, 9-to-5 schedule entails. In fact, half of all full-time workers indicate they typically work more than 40 hours, and nearly four in 10 say they work at least 50 … Continue reading
Jobless Claims in US (week ended Aug. 23) – Dropped again
The number of new applications for jobless benefits dropped again last week and remained near postrecession lows, the latest sign of improvement for the labor market. Initial claims for unemployment benefits fell by 1,000 to a seasonally adjusted 298,000 in the week ended Aug. 23, the Labor Department said Thursday. That was just below forecasts … Continue reading
US Official Unemployment Rate – The rise in nonresponse
A new academic paper suggests that the unemployment rate appears to have become less accurate over the last two decades, in part because of this rise in nonresponse. In particular, there seems to have been an increase in the number of people who once would have qualified as officially unemployed and today are considered out … Continue reading
US Map – 20 cities with less than 4% unemployment
Twenty metropolitan areas with unemployment rates below 4 percent Chosen excerpts by Job Market Monitor. Read the whole story at Map: 20 US cities with less than 4% unemployment – Vox.
Hiring Gender Gap for Business Grads in US – 5 percentage-point in job offer finds BW
Women graduating from college with business degrees are less likely to get early job offers than their male counterparts, according to new data from Bloomberg Businessweek. The data show that 52 percent of female business majors who graduated this year had been offered a job by January, compared with 57 percent of male students. The … Continue reading
US – The leisure and hospitality industry accounted for almost 1 out of every 5 nonfarm jobs added during the recovery
The most recent employment downturn was historic in many ways, but most notably, in the substantial number of jobs lost. Data from the Bureau of Labor Statistics Current Employment Statistics (CES) survey show that total nonfarm employment fell by 8.7 million jobs between the employment peak in January 2008 and the employment trough in February … Continue reading
US – The education gap is a main reason for the growing income divide says Standard & Poor
Technological achievement has saved us time and reconfigured our daily routines, allowing us to focus on our own skills and boosting productivity and growth. These advances are naturally disruptive in the beginning as workers adjust; that disruption becomes alarming when people don’t have the means to adapt, making a lasting impact on career development. Although … Continue reading
US – 41 percent of American workers do not plan to use all their paid time off in 2014
Americans are overwhelmed—but they aren’t taking the breaks they’ve earned. Nearly three-quarters of workers say they are stressed at work, with one-in-four reporting they are either “very” or “extremely” stressed. It’s no surprise that Americans feel this way. Many workers leave their paid time off (PTO) unused, despite near-universal recognition of the importance and benefits … Continue reading
College and Employability in US – How are they doing and what are employers looking for?
How are colleges doing? Nearly seven out of ten employers surveyed indicated that colleges are doing a “good” or “excellent” job when it comes to producing successful employees; however, more work is required to change the minds of the 31% of respondents who gave colleges a “fair” to “poor” rating. HR has the most favorable … Continue reading
Welfare in US – TANF has provided basic cash assistance to fewer and fewer needy families
Eighteen years ago, the Temporary Assistance for Needy Families (TANF) block grant was created as a part of the 1996 welfare reform law to replace the Aid to Families with Dependent Children (AFDC) program. Welfare reform provided states with a fixed block grant in exchange for greater flexibility in how they could use the funds. … Continue reading
US Monetary policy – The labor market has yet to fully recover says Yellen
In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.1 More jobs have now been created in the recovery than were lost in the downturn, with payroll employment in … Continue reading
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