Job Market Monitor
United States
Unemployed African Americans – Less likely to give up job search
Relative to whites, a higher share of jobless blacks have continued to seek work—which means they have remained in the labor force and therefore been counted as unemployed. This is reflected in the fact that the percentage of blacks in the labor force (employed or actively seeking work) has fallen by less than the comparable … Continue reading
Jobless Claims in US – At lowest level since 2007
The number of Americans who applied for unemployment benefits fell sharply for the second straight week, touching the lowest level since May 2007, but at least part of the drop probably stemmed from lingering seasonal affects tied to a late Easter holiday. Initial jobless claims declined by 24,000 to a seasonally adjusted 297,000 in the … Continue reading
US in Maps – The most popular languages by state
One of the most interesting data sets for aspiring mapmakers is the Census Bureau’s American Community Survey. Among other things, that survey includes a detailed look at the languages spoken in American homes. All the maps below are based on the responses to this survey. For instance, Mandarin, Cantonese, and other Chinese dialects are separated … Continue reading
US – Fast-food workers walking off their jobs in 150 cities
Fast-food workers are expected to walk off their jobs in 150 cities from Oakland to Orlando. The protests will be a first for fast-food workers in Miami, Orlando, Philadelphia and Sacramento. The events are intended to publicize the employees’ demand for a $15-an-hour wage. The median pay nationwide for fast-food restaurant workers is $8.69 an … Continue reading
Progressive Taxes in US – An historical chart
The weight of the federal income tax has varied widely since it was introduced a century ago. It has generally played a progressive role in mitigating income inequality. But it is not powerful enough to overcome the widening gap of recent decades. Chosen excerpts by Job Market Monitor. Read the whole story at The Politics of Income … Continue reading
Reshoring in US – Factory jobs returning matched the number lost last year
Although no one keeps precise statistics, the retreat from offshoring is clear from various sources, including federal data on assistance to workers hurt by overseas moves. U.S. factory payrolls have grown for four straight years, with gains totaling about 650,000 jobs. That’s a small fraction of the 6 million lost in the previous decade, but … Continue reading
US Steel Sector – Half a million U.S. jobs which are at risk say the United Steelworkers
United Steelworkers (USW) International President Leo W. Gerard issued the following statement today on the release of a study of the enormous challenges facing the U.S. steel sector from a flood of imports and rising excess global capacity in steel production. The report “Surging Steel Imports Put Up to Half a Million U.S. Jobs at … Continue reading
Canada – The job recovery is overstated says a Bank of Canada’s study
The Bank of Canada says the country’s job-creation record since the recession is likely a little less impressive than the fall in the unemployment rate would suggest. The central bank says in a new research paper that the unemployment rate, although the most quoted measure of labour market health, has overestimated the jobs recovery in … Continue reading
Minimum Wage Increase in US – Would benefit 4.7 million moms and 2.6 million, working dads finds EPI
About 22 million moms are working in the United States today. Over one-fifth of all working moms would get a raise if we increased the minimum wage to $10.10. That’s 4.7 million moms and their families who would see an increase in wages with that modest minimum wage increase. And, not to be left out, 11.6 … Continue reading
US – And the best job without a degree for 2014 is
Administrative Assistant Annual Median Salary: $35,330 Projected Hiring Outlook by 2022: 12% The Bureau of Labor Statistics (BLS) recommends at least a high school diploma or equivalent for those pursuing positions as an administrative assistant, though such careers in specialized fields like healthcare may require industry-specific training. This can be gained from trade schools. Chosen … Continue reading
Skills Gap in US – We are not doing an adequate job of preparing our workforce says Philadelphia Fed President
U.S. employers are having trouble finding workers with the needed skills in science, technology, engineering and math, a top Federal Reserve official said on Monday. “We are seeing a mismatch of skills in the workforce and the jobs that are being created,” Philadelphia Fed President Charles Plosser said of the so-called STEM-trained workers who are … Continue reading
US Monetary Policy – The ‘balanced approach’ to a dual mandate in a figure
The January 2012 statement of long-run monetary policy strategy clearly expresses the FOMC’s policy intentions: It states that the FOMC’s explicit inflation objective is 2 percent for the price index for personal consumption expenditures (PCE) in the long run and that maximum employment is associated with a sustainable unemployment rate that properly reflects structural developments … Continue reading
US – While 80 percent of Grads expect their first employers to provide them with a formal training program, only 52 percent recieve it finds Accenture 2014 College Graduate Employment Survey
The Accenture 2014 College Graduate Employment Survey explores the expectations and experiences of US college students who will be graduating in 2014 and those who graduated in 2012 and 2013 related to education, skills, finding a job, salary expectations, debt and post-graduation living arrangements. The survey polled more than 2,000 students and compares the perceptions … Continue reading
Jobless Claims in US – A decrease of 26,000
SEASONALLY ADJUSTED DATA (from the official Press Release) In the week ending May 3, the advance figure for seasonally adjusted initial claims was 319,000, a decrease of 26,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 344,000 to 345,000. The 4-week moving average was 324,750, an increase … Continue reading
Yellen’s Testimony – Conditions in the labor market are still far from satisfactory
Conditions in the labor market have continued to improve. The unemployment rate was 6.3 percent in April, about 1-1/4 percentage points below where it was a year ago. Moreover, gains in payroll employment averaged nearly 200,000 jobs per month over the past year. During the economic recovery so far, payroll employment has increased by about … Continue reading
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