Job Market Monitor
United States
Middle-Skill Jobs in US – Lobs lost in the last recession have not returned says New York Fed Pres.
Millions of U.S. teaching, construction and other middle-skill jobs lost in the last recession have not returned, exacerbating the already high unemployment that has been a drag on the U.S. recovery, New York Federal Reserve officials said on Wednesday. These middle-skill jobs, which pay roughly $25,000 to $50,000 annually, suffered the heaviest losses in the … Continue reading
MBA Jobs in US – A 30% increase in hiring since the height of the financial crisis in 2009
What financial crisis? Leading MBA employers plan to hire more MBA graduates this year, according to a new recruiter survey from the Graduate Management Admissions Council (GMAC). In a further sign of a return to economic prosperity, 80% of business school recruiters plan to hire MBAs this year, according to GMAC. The new data shows … Continue reading
US in Maps – The biggest immigrant groups by state
The data used to create the map are from the Department of Homeland Security. In 2012, slightly more than 1 million people were granted legal permanent resident status in the U.S. (Legal permanent residents may also be referred to as “permanent resident aliens” or “green card holders.”) About 15 percent of these new immigrants are … Continue reading
College Education in US – 64% of hiring managers would still consider a candidate who hadn’t even attended college survey finds
Millennial Branding, a Gen Y research and consulting firm, and Beyond.com, The Career Network focused on helping people grow and succeed professionally, today announced the results of a study entitled, “The Multi-Generational Job Search.” Following a national survey of job seekers and HR professionals, 43% of the 2,978 respondents said that “cultural fit” was the … Continue reading
US – A study on the effects of military service on earnings and education
Estimating the effect of military service is complicated by the fact that veterans are likely to differ from nonveterans in ways that are correlated with subsequent economic outcomes but are not observable to the researcher. This report builds on earlier work to understand how military service affects earnings, especially how these effects differ by the … Continue reading
What explains the gender wage gap – Nearly 60 percent is influenced by all the structural and social factors
Occupational differences One of the largest driving factors of the gender wage gap is the fact that men and women, on average, work in different industries and occupations; this accounts for up to 49.3 percent of the wage gap, according to some estimates. Women are much more likely than men to be clustered in just a … Continue reading
Household Net Worth in US – A drop of 58 percent for Latinos, 48 percent for Asians, 45 percent for African Americans and 21 percent for whites
Despite overwhelming evidence that the racial wealth gap persists in the U.S., it remains a taboo topic in mainstream policy circles and most officials studiously avoid offering targeted solutions to help close this gap. However, this issue is ignored at our nation’s peril given the anticipated growth of racial and ethnic groups over the next … Continue reading
Millennial in US – Some facts are true, others …
1. Millennials have been hit hard by the recession. Historically, 16- to 24-year-olds have always had higher unemployment than their older cohorts, but unemployment for younger millennials has skyrocketed since the financial crisis and is only slowly returning to normal 2. Millennials are less likely to be looking for work. Labor force participation has been … Continue reading
US – Workers have slowed their transitions between employers St. Louis Fed finds
Jobs in the U.S. labor market get turned over at a surprising frequency, with flows into/out of unemployment being almost four times faster than in Germany, despite similar unemployment rates.1 But when U.S. workers leave jobs, they are twice as likely to go directly into another one as become unemployed.2 These job-to-job transitions make up … Continue reading
US – One-Third of job seekers attempt relocation TheLadders finds
Home may be where the heart is, but it’s not always where the jobs are. With the U.S. climbing out of its economic rut, TheLadders decided to take a look at where people most often moved to work in a better economic climate. After analyzing where, and how often, job seekers in its 6-million-member database … Continue reading
US – Supply factors are driving down participation rate (demographics and increased incentives to drop out), not weak labor market demand writes BofA
[Bank of America’s analysis] contradicts the notion that a declining labor‐force participation rate reflects a weak economy because of weak labor demand. Labor demand is very strong relative to labor supply. Supply bottlenecks and wage pressures are in the early stage of picking up. That’s why businesses’ main complaint is the difficulty of finding qualified … Continue reading
US – Jobs and Unemployment are the most important problems facing the country poll finds
Twenty percent of Americans name unemployment or jobs as the most important problem facing the country in May, up from 14% who mentioned these issues in April. Dysfunctional government (19%) and the economy in general (17%) also rank among the top problems. Chosen excerpts by Job Market Monitor. Read the whole story at Jobs, Government, and Economy … Continue reading
Student Debt in US – Earnings and debt aren’t moving in the same direction
In 2012, the most recent year for which data are available, workers with just a bachelor’s degree were making a median salary of $46,900 a year while the average student loan balance for people under 30 years old was $21,400. Those numbers aren’t directly comparable, but it does seem that most young people can pay … Continue reading
US – Housing Starts vs Unemployment (Chart)
Housing stats lead unemployment figures anywhere from 6-18 months. The logic being that housing triggers not just construction hiring, but effects nearly every other industry as a “house” virtually houses products from every other industry. Ergo when housing recovers so too (generally) does employment in every other sector. Chosen excerpts by Job Market Monitor. Read the … Continue reading
Jobs in US – An Uneven Recovery by State (Map)
The map below tracks per capita job growth in U.S. states from 2010 to 2013. New Jobs Per 10,000 Residents (2010-2013) The map conforms to the pattern of an economy recovering around the twin pillars of energy and knowledge. North Dakota, the center of the natural gas boom, leads the way by a huge margin … Continue reading
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