Job Market Monitor
United States
US Unemployment Rate / What if those who have left the labor force since the start of the Great Recession are counted ?
3.5% of the working-age population has left the labor force since the start of the Great Recession. Should those people be also counted as unemployed? If so, here is what the unemployment rate trend would look like Continue reading
Occupation: Spy in US (Infographic)
17: number of different agencies in the U.S. spy network $75 billion: estimated amount of money funding those 17 agencies They are (number of personnel and budgets are generally classified): The CIA (formed 1947), Langley, Va. Number of employees: classified The National Security Agency (NSA), 1952, Fort Meade, Md., no. of employees: classified Defense Intelligence … Continue reading
US / The share of unemployed receiving jobless aid will drop to its lowest level
Unless Congress reauthorizes the program by December 28th, 1.3 million long-term unemployed workers and their families will be abruptly cut off from federal unemployment insurance at the end of the month Continue reading
Austerity in US / Public sector employment has fallen by over 600,000 during the ‘recovery’
As Ben Bernanke put it, “people don’t appreciate how tight fiscal policy has been” Continue reading
Benefits Overview in US / 68 % of workers have access to a pension plan
The National Compensation Survey (NCS) provides comprehensive measures of compensation cost trends, as well as incidence and detailed provisions of employee benefit plans. This bulletin presents estimates of the incidence and key provisions of selected employee benefit plans. Estimates presented are on benefits for civilian workers—workers in private industry and in state and local government—by … Continue reading
Long-Term Projections for Social Security in US / 58 M people currently receive Social Security benefits
Of those 58 million, about 70 percent are retired workers or their spouses and children, and another 11 percent are survivors of deceased workers; all of those beneficiaries receive payments through Old-Age and Survivors Insurance (OASI). The other 19 percent of beneficiaries are disabled workers or their spouses and children; they receive Disability Insurance (DI) benefits Continue reading
The FED / A highly accommodative stance of monetary policy will remain appropriate for a considerable time (video)
The Committee also reaffirmed its expectation that the current exceptionally low target range for the federal funds rate of 0 to 1/4 percent will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored Continue reading
Long-Term Unemployment in US / A new team of five researchers at MIT
If there is a way out of America’s crisis of long-term unemployment, it\’s possible nobody has a better chance of finding it than a new team of five researchers based at the Massachusetts Institute of Technology. Their project, the Institute for Career Transitions, will take a data-driven approach to figuring out the best way to … Continue reading
Unemployment Insurance in US / Worse than most other developed countries (video)
Long-term unemployment in the U.S. is twice as high as it was before the financial crisis. That\’s according to the Center on Budget and Policy Priorities. Yet Congress did not extend unemployment benefits in the latest budget deal. Less well known is how the U.S. has one of the least generous unemployment insurance systems in … Continue reading
Gender Job Gap in US / Women not part of manufacturing turnaround
Since February 2010, the U.S. manufacturing industry, which appeared to be in a terminal decline for more than 30 years, has added more than 554,000 jobs to the workforce, according to the Joint Economic Committee of the U.S. Congress. However, in that same time frame, men have gained 565,000 jobs in the sector and women lost … Continue reading
US / 40% of the self-employed are not saving regularly for retirement, and 28% are not saving at all survey finds
Many of us have dreams of leaving the 9-to-5 grind and working for ourselves. And since the 2008 financial crisis, many have done it — even if some didn’t really have a choice. But many of these budding entrepreneurs, and even the people who have owned their businesses for years, are part of a growing … Continue reading
Getting to Work in US / Mainly driving alone – A Chart
Here is a very, very long graph from Census data on how 140 million Americans get to work every year Continue reading
US / The youth unemployment crisis
Decades of economic data on youth joblessness shows that: 1) lack of work early in an individual’s career leads to lower future wages; and 2) entering the job market during a recession scales up individual challenges to entire generations. The data is as solid as it is disturbing Continue reading
Child Labor in US / A report by the CRS
The history of child labor in America is long and, in some cases, unsavory. It dates back to the founding of the United States. Historically, except for the privileged few, most children worked— either for their parents or for an outside employer. Through the years, however, child labor practices have changed. So have the benefits … Continue reading
Unemployed Older Workers in US / One’s past hard work and successes can become the very thing that keeps one from finding a new job
There are currently more than 4 million Americans who have been unemployed for 27 weeks or more. This figure doesn’t include those who work part-time or on contracts — or those who, discouraged, have simply stopped trying. Many of them are older and well educated, and their situation doesn’t seem to be improving despite America’s slow … Continue reading
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