Job Market Monitor
United States
US – New jobs aren’t worth moving
Americans are moving less—and not as far—because it’s not nearly as worthwhile economically. Most moves are local, from neighborhood to neighborhood in the same city or county, and are largely driven by seeking better housing or more proximity to family and friends. But long-distance moves between states are different. These interstate moves are typically driven … Continue reading
US – Short and long-term unemployment exert equal downward pressure on price inflation says FEDS research
In the years following 2009, long-term unemployment has been very elevated while inflation has fallen only moderately, raising the question of whether the long-term unemployed exert less downward pressure on prices than the short-term unemployed, perhaps because such potential workers are disconnected from the labor market. However, empirical evidence is mixed. This analysis demonstrates that … Continue reading
The Job Gap in US – Lack of jobs is still a very big problem
In the next few months, the labor market will pass a milestone in its recovery from the Great Recession: Total payroll employment (private plus government) will finally top its pre-recession level . But before breaking out the champagne, let’s remember that the previous peak was more than six years ago in December 2007; with population … Continue reading
Why Social Work is Important (Infographic)
The range of ailments and bad situations in which social workers help is astounding. With over 600,000 in the US today, there’s more need for even more social workers than ever.[1] What do they do? Support communities in need (including those dealing with…): Poverty Discrimination Abuse Addiction Physical illness Divorce Loss Unemployment Educational problems Disability … Continue reading
Returning to Full Employment in US – A CRS Report
Until recently, the economy and labor market were experiencing an unusually slow recovery from the longest and deepest recession since the Great Depression compared to other expansions since World War II. The rapid decline in the unemployment rate from 7.9% in January to 6.7% in December 2013 (where it remained in the first quarter of … Continue reading
Jobless Claims in US – The 4-week average is close to normal levels for an expansion
From the official press release: In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 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 316,750, an increase of 4,750 from … Continue reading
US Stay-at-Home Mothers – Their number rose to 29% in 2012 finds Pew Research
The share of mothers who do not work outside the home rose to 29% in 2012, up from a modern-era low of 23% in 1999, according to a new Pew Research Center analysis of government data.1 This rise over the past dozen years represents the reversal of a long-term decline in “stay-at-home” mothers that had … Continue reading
US – 59% are worried about not having enough money for retirement finds Gallup
A firm majority of Americans, 59%, are worried about not having enough money for retirement, surpassing eight other financial matters. A majority of Americans have reported being “very” or “moderately” worried about retirement savings every year since 2001, illustrating that saving for retirement disquiets Americans in both good and bad economic times. via Retirement Remains … Continue reading
The American Middle Class – No Longer the World’s Richest , Canada now higher finds NYT
The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades. After-tax … Continue reading
Employment Services to Veterans with Disabilities in US
The number of military personnel incurring disability in current military conflicts is the highest in over three decades. Since 2001, over 1.6 million service members, Reservists, and National Guard have been deployed to Iraq, Afghanistan, and other Middle Eastern nations. As noted by Lew et al. (2007), advances in medical innovations and body armor have … Continue reading
Doctoral Scientists and Engineers in US – Unemployment has increased
In 2010, an estimated 805,500 individuals in the United States held research doctoral degrees in science, engineering, and health (SEH) fields, an increase of 6.2% from 2008. Of these individuals, 709,700 were in the labor force, which includes those employed full time or part time and those actively seeking work (i.e., unemployed). The unemployment rate … Continue reading
How Long You’ll Be Unemployed – Look at the Unemployment Rate
A few factors do make a difference. Men are a bit more likely to become long-term unemployed than women; blacks are more likely than whites; and, most significantly, older workers are more likely than younger ones. That’s consistent with both anecdotal evidence and quantitative research suggesting that older workers have more trouble finding jobs, due … Continue reading
2 in 5 Employees Do Not Believe They Receive Fair Pay in US – More women (42%) than men (34%)
According to a new Glassdoor survey1 that dives deeper into income inequality and wage gap issues, two in five (39%) employees do not believe they receive fair pay in their current job. Further, more women (42%) than men (34%) do not believe they are being paid fairly. Who can best address the pay gap issue? … Continue reading
Losing Job in US – Would Quickly Lead to Hardship finds Gallup
Many working Americans would experience financial peril if they lost their current job, putting pressure on them to find a new job quickly. A substantial minority of U.S. workers say they could go just one week (14%) or one month (29%) before experiencing significant financial hardship if they lost their job. Gallup’s annual Economy and … Continue reading
Jobless Claims in US – Lowest level since May 12, 2007
In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week’s revised level. The last time intial claims were this low was May 12, 2007 when they were 297,000. The previous week’s level was revised up by 6,000 from 326,000 to 332,000. … Continue reading
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