Job Market Monitor
United States
US – 250,000 more engineers over the next 10 years will be needed
The United States will need nearly 250,000 more engineers over the next 10 years to work in high-growth sectors and industries such as oil and gas, aerospace, and renewable energy, with employers to make more than a third of new engineering jobs available in metropolitan areas such as Houston, Los Angeles, and Washington, D.C. That … Continue reading
Minimum Wages in US – Jobs grew faster in the 13 states that boosted their minimums at the beginning of the year
In the 13 states that boosted their minimums at the beginning of the year, the number of jobs grew an average of 0.85 percent from January through June. The average for the other 37 states was 0.61 percent. Nine of the 13 states increased their minimum wages automatically in line with inflation: Arizona, Colorado, Florida, … Continue reading
Unemployment Under 4% in US – Five States have it
With the exception of Vermont, which had an unemployment rate of 3.5% in June, the states with extraordinary jobless figures are in the Great Plains, where an energy boom has helped the economy. Shale-rich North Dakota had a jobless rate of a mere 2.7% in June. Following it were Nebraska at 3.5%, Utah at 3.5% … Continue reading
2007-08 Bachelor’s Degree Recipients In US – 7 percent were unemployed and 8 percent were out of the labor force
The report Baccalaureate and Beyond:A First Look at the Employment Experiences and Lives of College Graduates, 4 Years On published by the National Center for Education Statistics, the Institute of Education Sciences and the U.S. Department of Education presents initial findings about the employment outcomes of bachelor’s degree recipients approximately 4 years after they completed their … Continue reading
Participation in US – About half of the decline is due to the aging of the population says a White House Report
Since the final quarter of 2007, the labor force participation rate has fallen from 65.9 percent to 62.8 percent in the second quarter of 2014, a decline of 3.1 percentage points. In this report, the Council of Economic Advisers estimates that this 3.1 percentage point decline can be attributed to three main sources: About half … Continue reading
US – Quality jobs outlook best in more than six years Gallup finds
More than one in three Americans (35%) say now is a good time to find a quality job. While not high on an absolute basis, this percentage is the highest since December 2007, the starting point of the Great Recession. The jobs measure has been improving in the past few months, and increased seven percentage … Continue reading
US – Why Is Veteran Unemployment So High?
According to official statistics, the unemployment rate of young military veterans ages 18-24 reached 29 percent in 2011. Five facts about veteran unemployment: The unemployment rate of veterans ages 18–65 is higher than the unemployment rate of similarly situated non-veterans. In the CPS, the difference between veteran and non-veteran youth (ages 18–24) unem- ployment increased … Continue reading
Unemployment Insurance Weekly Claims in US – At 302,000, it is a very good sign
SEASONALLY ADJUSTED DATA In the week ending July 12, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 309,000, a decrease of 3,000 from the previous … Continue reading
US – 74 percent of STEM grads are not employed in STEM occupations finds Census Bureau
The U.S. Census Bureau reported today that 74 percent of those who have a bachelor’s degree in science, technology, engineering and math — commonly referred to as STEM — are not employed in STEM occupations. In addition, men continue to be overrepresented in STEM, especially in computer and engineering occupations. About 86 percent of engineers … Continue reading
Young Adults in US – There were 31.2 million young adults ages 18–2
Demographics As of 2012, there were 31.2 million young adults ages 18–24 living in the United States. About 522,000 young adults were serving on active duty in the armed forces in 2012. Just over 180,000 young adults were imprisoned in State correctional institutions in 2011. Education In 2013, 84 percent of young adult women and … Continue reading
Skills Gap in US – The case of construction workers
Homebuilders have had a difficult time finding labor. This might sound odd considering that 1.5 million construction workers lost their jobs during the recession and only about 80,000 construction jobs have been added back since the recovery began, says Bank of America’s Michelle Meyer. To get a better sense of the health of the construction … Continue reading
US – Federal Reserve has reduced unemployment by 0.13%
A paper written by two staff members of the Federal Reserve Bank of Atlanta tried to quantify what all the Fed’s new money creation and related measures have accomplished. They conclude that unemployment today would be 0.13% higher without the radical measures and 1.0% higher if nothing at all had been done. Chosen excerpts by … Continue reading
Minimum wage for most tipped workers in US – $2.13 an hour (video)
Economic analyst and former tipped worker David Cooper explains how tipped workers get paid. The minimum wage for most tipped workers is only $2.13 an hour. That means the customer is on the hook for paying the bulk of these workers’ wages. via The truth about how tipped workers get paid – YouTube. Related Posts … Continue reading
Involuntary Part-time Employment in US
As the economy continues its recovery from the Great Recession, we expect the number of those working part time for economic reasons to fall. However, it is probable that the ratio of PTER to unemployment will continue to increase as it has historically done. That is because, during the recoveries, the number of unemployed people … Continue reading
US – Hiring is up but wage growth is not
Companies have finally begun taking on staff in consistently greater numbers, half a decade after the end of a deep recession brought on by one of the most punishing financial crises in history. What companies haven’t been doing yet is offering consistently greater pay. That means an urge to start bringing forward expectations for when the … Continue reading
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