Job Market Monitor
United States
Unemployment and the risk of falling into a substance abuse problem
The stress, fear, depression and overabundance of free time that occurs from being unemployed has been known to increase a person’s risk of falling into a substance abuse problem. This video shows just how much unemployment and drugs are intertwined. We broke the numbers down by age groups, employment status, ethnicity, and by year from … Continue reading
US – Looking beyond the Unemployment rate
Looking for an alternative to the Unemployment rate ? Try the employment:population ratio. One alternative is to ignore the question of who is actively looking for work and focus, instead, on who is working. Specifically, check to see how many people there are in our state and then find out how many of them have … Continue reading
US – What happened to the middle class? (Infographic)
The increased wealth of highly skilled workers, the insane wealth of those with capital, and the outsourcing of lower skilled jobs have left us all asking, “what happened to the middle class?” Source: BestMSWPrograms.com Related articles The decline of middle-class workers / Job polarisation and wages Skills Gap – Middle-skill Workers – New England: … Continue reading
Long-Term unemployed – A sharp drop-off in the number of interview requests for those whose nonemployment spell topped six months finds research
Three recent audit studies on nonemployment discrimination report results consistent with the long-term jobless having significantly lower chances of being invited to job interviews. Given the design of previous studies unfavorable treatment can be due to a marginal preference among employers for hiring applicants with shorter spells or to stronger negative beliefs about the long-term … Continue reading
US – People with higher levels of education: consistently lower unemployment rates
You probably know lots of reasons why it’s smart to stay in school. Well, here’s one more: You’re less likely to be unemployed. According to data released in January 2014 from the U.S. Bureau of Labor Statistics (BLS), the higher your level of education, the lower your rate of unemployment. In the last decade, as … Continue reading
US – Back to early 20th century wealth concentration levels at the very top finds research
Income inequality has increased sharply since the 1980s yet surveys show modest increase in wealth concentration One possible explanation: rising inequality is a pure labor income phenomenon – Rise in top incomes due to top wage earners/entrepreneurs only – The working rich may not have had enough time to accumulate – Or they may have … Continue reading
US – Only 19 percent of lower-income individuals individuals aged 50-58 participated in a pension of any kind at their current jobs
In 2010, only 19 percent of individuals ages 50-58 whose household incomes were less than 300 percent of the poverty line participated in a pension of any kind at their current jobs, compared to 56 percent of those above 300 percent of poverty. This paper investigates this pension gap. In particular, we decompose the pension … Continue reading
US – How organized workers fueled america’s broadly shared prosperity
The middle class is the great engine of the American economy. Organized workers built a powerful middle class by taking direct action and advocating for government policies to give workers a fair share of economic wealth. But over the past 40 years, this pattern has been reversed as corporate owners and managers have taken an … Continue reading
US Labor Market in Crisis – Two Charts
he enormous number of people who work only part-time for economic reasons is one the tragedies of the unemployment crisis in this country. It didn’t even start with the financial crisis. Before the 2001 recession, there were a little above 3 million of them. By September 2003, as the economy recovered, there were 4.84 million. … Continue reading
Occupations in US – The 10 largest occupations accounted for 21 percent of total employment
Retail salespersons and cashiers were the occupations with the largest employment in May 2013, the U.S. Bureau of Labor Statistics reported today. These two occupations combined made up nearly 6 percent of total U.S. employment, with employment levels of 4.5 million and 3.3 million, respectively. The data in this release are from the Occupational Employment … Continue reading
US – Liberal arts field can and does lead to successful and remunerative careers in a wide array of professions says a report
In How Liberal Arts and Sciences Majors Fare in Employment, authors Debra Humphreys and Patrick Kelly analyze data from the 2010-11 US Census Bureau’s American Community Survey and provide answers to some common questions posed by students, parents, and policy makers who are increasingly concerned about the value of college degrees. Responding to concerns about … Continue reading
US – Long-Term Unemployment is elevated across all education, age, occupation, industry, gender, and racial and ethnic groups
Long-term unemployment is elevated for workers at every education level. The table below provides additional breakdowns of long-term unemployment by age, gender, race/ethnicity, occupation, and industry. For each category, the table shows the long-term unemployment rate in 2007, the long-term unemployment rate in 2013, and ratio of the two. It demonstrates that while there is … Continue reading
Jobless Claims in US – The last time initial claims were this low was May 12, 2007 says DOL
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 initial 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
Unemployed Mothers in US – Staying at home
More mothers in the United States are staying home, but the increase is linked more to unemployment and demographic changes than to choice, a study published Tuesday suggested. In 2012, nearly one in three mothers, or 29 percent, did not work outside the home, up from 23 percent in 1999, said the study from the … Continue reading
Job openings in US – Highest in more than six years
The number of job openings in the U.S. recently hit the highest level in more than six years, a trend that could precede faster employment growth in coming months, according to a Tuesday analyst note. There were 4.17 million job openings in February -– the most since January 2008 — up 4% from a year … Continue reading
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