Job Market Monitor
United States
US / Welfare currently pays more $15 per hour in 13 states finds CATO
Welfare currently pays more than a minimum-wage job in 35 states, even after accounting for the Earned Income Tax Credit, and in 13 states it pays more than $15 per hour Continue reading
US Recovery and Real Income Growth / The top 1%: 31% – the bottom 99%: less than 1%
New data reveal that the top 1% enjoyed real income growth of 31% between 2009 and 2012, compared with growth of less than 1% for the bottom 99% Continue reading
US Gender Jobs Gap / Women have regained all jobs lost during the Great Recession
U.S. women have recovered all the jobs they lost to the Great Recession. The same can’t be said for men, who remain 2.1 million jobs short Continue reading
US / Jobless Claims fall, really?
The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labor market health before the Federal Reserve meets Continue reading
1000s of Teaching jobs available in Korea for recent canadian and american grads
American and Canadian college graduates, facing a lackluster jobmarket at home, are capitalizing on this trend by taking English-teaching positions in countries like South Korea Continue reading
American Families are on divergent paths
After a period of relative calm during the 1990s, rapid changes in American families began anew during the 2000s, a new analysis suggests. Young people delayed marriage longer than ever before, permanent singlehood increased, and divorce and remarriage continued to rise during the first decade of the century. But the most troubling finding, researchers say, … Continue reading
US / Job cuts at record low, but openings at the lowest level since January
The number of layoffs and firings recently hit a record low level, according to government data released Tuesday morning. There were 1.51 million layoffs and discharges in July, down from 1.6 million in June and 1.79 million when the recession started at the end of 2007. The data go back to 2000. Those findings are … Continue reading
US / Labor’s Share of Income is around a 50-year low
Profits as a share of income are at or near record highs while the compensation share is around a 50-year low Continue reading
US / Federal hiring declines to six-year low
With fiscal pressures continuing to force spending cuts, government agencies made fewer than 90,000 new hires last year, the smallest number in six years and a 37 percent drop since 2009, federal data show. The government hired 89,689 new employees in 2012, many of whom eventually will move into leadership positions at their agencies. They … Continue reading
US / Majority of Workers Say Job Doesn’t Require a Degree
43%, say the type of work they do generally requires a bachelor’s or a more advanced degree Continue reading
US Job Generation Gap / We’re All In This Together
In all likelihood, job numbers mean that fewer aging Americans have the financial means to retire Continue reading
President Obama / Defends Jobs Record in Address to AFL-CIO
President Barack Obama told the largest U.S. labor group that his administration has helped improve job conditions and wages though there is more to be done. Since the financial crisis, U.S. businesses have created 7 million jobs and the automobile industry is leading a comeback of the nation’s manufacturing sector, Obama told the AFL-CIO convention … Continue reading
US / The latest job report is badly received
Here is an overview of the numerous comments on the latest job report even if the report concludes on the lowest the unemployment rate since November 2008. This drop was mainly due to a decrease to 63.2% of participation rate as the employment to population ratio declined to 58.6%. ‘The drop in the main unemployment rate was driven … Continue reading
US / Employment increased by 169,000 in August and and the unemployment rate was little changed
Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3 percent, the U.S.Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information. Household Survey Data Both the number of unemployed persons, at 11.3 million, and the unemployment rate, at 7.3 percent, changed … Continue reading
US / With over $1 trillion in outstanding student loans, it is time for higher education to be innovative
The largest bank in the United States will stop making student loans in a few weeks. JPMorgan Chase has sent a memorandum to colleges notifying them that the bank will stop making new student loans in October, according to Reuters. The official reason is quite bland. “We just don’t see this as a market that … Continue reading
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