Job Market Monitor
United States
Disability Insurance in US / Five factors explain bulk of growth in rolls
Some 8.9 million disabled workers were collecting monthly DI benefits at the end of 2013,[1] roughly three times the 1980 figure of 2.9 million. Most of that growth stems from five, primarily demographic, factors. Population growth. The working-age population — conventionally defined as people aged 20 through 64 — grew by 43 percent between 1980 … Continue reading
Food Stamp Recipients in US / The majority are now working-age americans
A recent Associated Press report revealed that the majority of food stamp recipients are working age Americans. This presents a dramatic shift from the days when the youngest and oldest Americans constituted the majority of recipients. One in seven Americans are currently enrolled in the Supplemental Nutrition Assistance Program (SNAP), and the Census Bureau’s Current … Continue reading
US / Fewer think of themselves as middle class
Despite a slowly recovering economy, the proportion of Americans who identify themselves as middle class has dropped sharply in recent years. Today, about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%), according to a recent Pew Research Center/USA TODAY survey. Chosen excerpts by Job … Continue reading
U.S. Metros / Mapping persistent unemployment
The map below, from the report, shows the geographic variations of the great metro reset. It charts the time frame for return to peak employment in metro areas across the U.S. Chosen excerpts by Job Market Monitor. Read the whole story at Mapping the U.S. Metros Where High Unemployment Could Persist for Years – Richard Florida – … Continue reading
US / Jobless Claims Climbed More Than Forecast Last Week
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT – SEASONALLY ADJUSTED DATA (DOL Press Release) In the week ending January 25, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 19,000 from the previous week\’s revised figure of 329,000. The 4-week moving average was 333,000, an increase of 750 from the previous week\’s revised average … Continue reading
President Obama 2014 State of the Union (Video) / Vice President Joe Biden would oversee a job-training-reform program
President Obama devoted a substantial portion of his 2014 State of the Union speech last night to explaining how he plans to improve the nation’s economy by connecting unemployed workers with skills-starved employers and strengthening the manufacturing sector. “That means more on-the-job training, and more apprenticeships that set a young worker on an upward trajectory … Continue reading
Norwegian Air / 5,500 applications for 300 US-based cabin-crew posts
Norwegian Air Shuttle AS (NAS) said it has received more than 5,500 applications for 300 U.S.-based cabin-crew posts as the discount carrier recruits staff for an expanding fleet of Boeing Co. 787 Dreamliner planes. About 170 people have been offered jobs in Ft. Lauderdale and New York, which the Fornebu-based airline serves from Scandinavia. Norwegian … Continue reading
Inequality in US / 10 annual bonuses (Infographic)
Despite Occupy Wall Street protestations, the income inequality between top earners and bottom employees continues to rise, with JC Penney’s CEO making about 1,800 times more than the stock room boy. Here are 10 annual bonuses that will make you think twice about keeping your job. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
The Fastest-Growing Jobs in the US / A Closer Look
Hospital rooms, shopping floors, and fast-food counters: This is where the future of U.S. employment lives. But there are two catches Continue reading
US Solar Industry / Nearly 24,000 additional solar workers over last year
On January 27th, 2014, The Solar Foundation released National Solar Jobs Census 2013, which found that the U.S. solar industry currently employs over 142,000 Americans Continue reading
Labor force projections to 2022 for the US / The overall labor force participation rate is expected to decline writes the BLS
Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline. The participation rates of older workers are projected to increase, but remain significantly lower than those of the prime age group. A combination of a slower growth of the civilian … Continue reading
US / The decline of manufacturing employment and trade with China
U.S. manufacturing employment fluctuated around 18 million workers between 1965 and 2000 before plunging 18 percent from March 2001 to March 2007. In this paper, the authors find a link between this sharp decline and the U.S. granting of Permanent Normal Trade Relations (PNTR) to China. Industries where the threat of tariff hikes declines the … Continue reading
US Veterans / 100,000 Jobs Mission reaches goal seven years early
The 100,000 Jobs Mission announced today that its coalition members hired a total of 117,439 U.S. military veterans by the end of 2013 — surpassing the coalition’s original goal seven years early. “Reaching this important milestone is great news for veterans and employers alike,” said Maureen Casey, Director of Military and Veterans Affairs at JPMorgan … Continue reading
US / It Pays to Be Stressed
The highest-stress jobs also on average have the highest pay, and the lowest-stress jobs tend to get lower wages. Continue reading
US / Percent of unemployed seeking work for longer than six months more than doubled between 2007 and 2013
Each month the Bureau of Labor Statistics (BLS) reports employment figures for the United States. These figures have served as a barometer of the country’s relative economic strength for the last seventy years and recently have highlighted unemployment’s rise throughout the Great Recession. Often overlooked, however, are figures related to the so-called “long-term” unemployed, those unemployed for longer … Continue reading
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