Job Market Monitor
United States
Traffic Jam in US / Up to 480,000 high-skilled jobs are at risk
The report, The Role of Transit in Support of High Growth Business Clusters in the U.S., conducted by the Economic Development Research Corporation and commissioned by APTA, projects that 480,000 new jobs representing $32 billion per year in income will be at risk due to congestion by 2040 Continue reading
US / Government-financed jobs account for more than 25 percent of nonfarm payroll jobs in seven states
In 2012, public-sector employment made up more than 16 percent of the US labor market. Direct government employment fails to capture the full impact of government spending on state labor markets Continue reading
Obama’s Job Performance / Most Young People Are Unhappy
Young Americans are unhappy with virtually every major thing President Barack Obama has done since he was re-elected, but they would still vote for him today, according to the results of a Harvard University survey released on Wednesday. The national poll by Harvard’s Institute of Politics of more than 2,000 people aged 18 through 29 … Continue reading
US / Jobless Claims Fall to 298,000 in Latest Week
The number of people filing for new unemployment benefits fell for the third straight week, a sign of an improving labor market. Initial claims for jobless benefits, a measure of layoffs, decreased by 23,000 to a seasonally adjusted 298,000 in the week ended Nov. 30, the Labor Department said Thursday. Economists surveyed by Dow Jones … Continue reading
US / No evidence that lowering taxes on corporate profits will lead to more job creation Center for Effective Government finds
22 of the 30 corporations that paid the highest tax rates (30 percent or more) on their reported profits created almost 200,000 jobs between 2008 and 2012. Only eight of the 30 firms paying high tax rates reported reducing the number of employees between 2008 and 2012 Continue reading
US / 215,000 private sector jobs added in November says ADP
U.S. private employers added 215,000 jobs in November, topping economists\’ expectations, a report by a payrolls processor showed on Wednesday, reinforcing expectations the Federal Reserve may soon begin to wind down its asset purchases. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 173,000 jobs. The high end … Continue reading
US / CBO estimates that extending the emergency unemployment compensation (EUC) program for one year would cost $25.7 billion
The Congressional Budget Office has completed an estimate of the budgetary effects of H.R. 3546, the Emergency Unemployment Compensation Extension Act of 2013 Continue reading
US / Fast-food strikes aim at 100 cities
Protesters are calling for $15 an hour, although many see the figure as a rallying point rather than a near-term possibility Continue reading
Monetary Policy / Why it matters whether the fed targets inflation or unemployment
Analysis suggests that in the United States today, it might be appropriate for interest rates to remain low until unemployment crosses a “threshold” as low as 5.5 percent Continue reading
US / Unemployment Extension News
House and Senate Democrats introduced legislation to renew the federal Emergency Unemployment Compensation (EUC) program for 2014. Here’s information on the legislation which would extended unemployment benefits for 2014, and more information on the proposed unemployment extension for 2014. Chosen excerpts by Job Market Monitor. Read the whole story at via Unemployment Extension News.
Tell Congress on Extensions : American Federation of State, County and Municipal Employees, AFL–CIO campaings
The American Federation of State, County and Municipal Employees, AFL–CIO campaings for the re-authorization of federal Unemployment Benefits. Here is the link to the petition: via Tell Congress: Re-authorize Federal Unemployment Benefits.
US / Jobless claims fall for sixth week out of seven
The number of people filing for new unemployment benefits fell for the sixth time in seven weeks, more evidence the labor market is steadily improving Continue reading
US / Young skilled immigrants raise the overall employment of skilled workers in firms study finds
Young workers account for a large portion of such skilled immigrants; for example, 90 percent of H-1B workers are under the age of 40. Given this context, the authors look specifically at the role of young skilled immigrants within more than 300 large employers and major patenting firms over the 1995-2008 period Continue reading
US / The Minimum Wage in graphs
With all that talk about the minimum wage, we thought a little context would be useful. Here\’s a breakdown of minimum wage workers in a few key categories, along with a breakdown of all hourly workers, for comparison. Nationwide, minimum wage workers: Chosen excerpts by Job Market Monitor. Read the whole story at via Here’s Who … Continue reading
Muslim vs Christian candidates / An Experiment in Hiring Discrimination Via Online Social Networks in US
a minority of U.S. firms likely searched online for the candidates’ information. Hence, the overall The effect of experimental manipulations on interview invitations is small. However, in the field experiment, we find significant discrimination against the Muslim candidate compared to the Christian candidate among employers in more politically conservative states and counties. Continue reading
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