Job Market Monitor
United States
Jobless Claims in US – An increase but remain near a seven-year low
The number of Americans filing new claims for unemployment aid inched up last week but remained near a seven-year low, a sign of strength for the job market. Initial claims for unemployment benefits, a reading that helps gauge the number of newly laid-off workers, rose by 8,000 to a seasonally adjusted 312,000 in the week … Continue reading
US – Gallup’s Job Creation Index reaches a new high
Gallups U.S. Job Creation Index reached a new high in its more than six-year trend, registering +27 in May. The prior high had been +26 in the initial monthly measurement of January 2008, just as the recession was taking hold. The index is based on employee reports of hiring activity at their places of employment. … Continue reading
Teen Unemployment in US – A crisis says EPI
In preparation for summer 2013, the Employment Policies Institute EPI released a new analysis highlighting the nation’s staggeringly high 24.1 percent teen unemployment rate. Teen unemployment has exceeded 20 percent for over four and a half years—a fact that calls into question the wisdom of passing additional minimum wage increases that would price more teens … Continue reading
US – ADP Job Report in May: Private-sector employment increased by 179,000
Private-sector employment increased by 179,000 from April to May, on a seasonally adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report – May 2014 | NER. Private-sector job creation was weaker than expected in May U.S. businesses added more jobs in May, though not as many as economists anticipated–the latest sign … Continue reading
Overeducation in US – 66% of workers remaining overeducated after one year research finds
In their paper The career prospects of overeducated Americans, (Preliminary version) @ unc.edu Brian Clark, Clément Joubert and Arnaud Maurel analyze career dynamics for the substantial share of U.S. workers who are deemed overeducated in the literature. They use data from the National Longitudinal Survey of Youth 1979 combined with the pooled 1989-1991 waves of the … Continue reading
Unemployment Insurance Extension in US – Update
Barring an unexpected change of direction from the Republican leadership, the House of Representatives on Friday evening will go into recess yet again without taking action on extending emergency unemployment compensation benefits for millions of the long-term jobless. It’s not the first time the House has left town without delivering financial help for the more … Continue reading
Piketty in One Graph
This graphic summarizes the key inequality and policy trends for the U.S. traced in Thomas Piketty’s Capital in the Twenty-First Century. Scrolling through the policy metrics suggests some of the causal forces at work: a precipitous decline in the top inheritance and income tax rates lifting the ceiling on high incomes; and the collapse of … Continue reading
Unemployment Claims in US – The four-week moving average for new claims lowest since 2007
The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a strengthening labor market. Initial claims for state unemployment benefits declined 27,000 to a seasonally adjusted 300,000 for the week ended May 24, the Labor Department said on Thursday. The prior weeks claims were revised to show … Continue reading
US – Big Business helps overseas, less so at home Americans think Gallup finds
Americans see large U.S. companies as having a more positive effect overseas than they do domestically. While 66% of Americans believe that large U.S. companies do a good job creating good jobs for citizens in other countries where they do business, far fewer, 43%, say the companies do a good job of creating jobs for … Continue reading
The Changing Economy – Infographic from the US Census Bureau
The Changing U.S. Economy – U.S. Census Bureau.
US – 25% are saving $0 for retirement
Retirement savings for about a quarter of Americans amounts to … $0. One in every four Americans is not saving for retirement at all, either because they are not thinking about it, do not really know how or, worse, do not feel they can afford to, according to a report by Country Financial. Americans ages … Continue reading
Unemployment Insurance Trust Funds in US in Chart
Chosen excerpts by Job Market Monitor. Read the whole story at Unemployment Insurance Trust Fund Debt, State by State. Related articles US – Unemployment Insurance Trust Funds battered by the Great Recession Unemployment Insurance in US – State program loans from the Treasury larger than in any previous recession research finds
Jobless in US – Many reluctant to make significant changes poll finds
The poll Wednesday found that many jobless Americans are reluctant to make significant changes to boost their chances of landing a job. Nearly two-thirds said they don’t plan to go back to school to make themselves more marketable; 44% said they wouldn’t relocate to another city for a job. Some 36% said they spent no … Continue reading
US in Maps – State unemployment, 2004 to 2014
State unemployment rates were generally lower in April. Forty-three states had unemployment rate decreases, two states had increases, and five states and the District of Columbia had no change. Forty-seven states and the District of Columbia had unemployment rate decreases from a year earlier, one state had an increase, and two states had no change. … Continue reading
Brain Waste in US – 1.6 million, or 23 percent, of the college-educated immigrants ages 25 and older
MPI research in the United States and Europe has demonstrated the challenges facing foreign-educated individuals who seek high-skilled employment that utilizes their talents and professional experience. In the United States, these challenges include difficulties in obtaining recognition of professional experiences and credentials earned from educational institutions abroad, acquiring professional-level English skills, navigating costly or time-consuming … Continue reading
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