Job Market Monitor
United States
US / Unpaid Internship: roughly a fifth of those positions pay zero and offer no course credit
Though the laws are clear, employers in competitive, creative fields have ignored them. As the ranks of the unemployed have swelled and the surplus of jobless college students and grads has grown, increasing numbers of people young and old have been signing on for unpaid internships, wanting to make contacts and accumulate résumé lines that … Continue reading
US / Wage stickiness might be dying out
A new paper by a trio of researchers confirms some old news: Adjusted for inflation, wages began stagnating for both men and women 10 years ago. Men’s wages have actually decreased slightly since 2000, while women’s wages, which had been rising steadily for decades, flattened out nearly to zero. But it could have been worse. … Continue reading
US/ Minimum Wage / Available research finds “no evidence of a meaningful adverse employment effect” – Council of Economic Advisers
A meta-analysis by Doucouliagos and Stanley (2009) of 64 studies on the minimum wage published between 1972 and 2007, encompassing over 1,000 estimates, finds that most estimates are concentrated around zero, indicating no detectable effect (see figure). The authors conclude that the available research finds “no evidence of a meaningful adverse employment effect” of the … Continue reading
China / Manufacturing offshoring creates win-win situation
Chinese manufacturers that set up factories in the United States could help create local jobs and win-win situation for the world’s two largest economies, two US mayors said on Wednesday. The genuine dialogue of doing business between the United States and China “has to happen on the local level,” Sheldon Day, mayor of Thomasville City, … Continue reading
US / Chinese imports and technological change destroying American manufacturing jobs finds NBER
Foreign competition and technological change might seem like twin juggernauts, destroying American manufacturing jobs in much the same way. In fact, they’re quite different. Foreign competition from China can be like a tornado, devastating US manufacturing in concentrated fashion but in limited areas around the country, according to a new study from the National Bureau … Continue reading
US Census / Asians fastest-growing ethnic group and median age climbed to 37.4 in 2012
The U.S. Census Bureau announced Asians were the nation’s fastest-growing race or ethnic group in 2012. Their population rose by 530,000, or 2.9 percent, in the preceding year, to 18.9 million, according to Census Bureau annual population estimates. More than 60 percent of this growth in the Asian population came from international migration. By comparison, … Continue reading
US / The Boy education gap
In the discussion of how to boost the education and skill levels of the American work force, one central issue is rarely addressed: the gap between male and female achievement. The reality is that the slowdown in U.S. educational gains is predominantly a male affair, and one that drags down the overall competitiveness of our … Continue reading
US / Unemployment Claims decrease by 12,000 near a five-year low
In the week ending June 8, the advance figure for seasonally adjusted initial claims was 334,000, a decrease of 12,000 from the previous week’s unrevised figure of 346,000. The 4-week moving average was 345,250, a decrease of 7,250 from the previous week’s unrevised average of 352,50. Chosen excerpts by Job Market Monitor via ETA Press Release: … Continue reading
Vocational Education / SkillsUSA WorldTeam to International Competition of Young Skilled Workers
SkillsUSA, the organization that represents the United States in the WorldSkills Competition, is sending 20 career and technical education students to Leipzig, Germany, to compete in 19 skill categories during the 42nd biennial international event July 2-7, 2013. This is the largest U.S. team ever assembled. The U.S. first entered international competition in 1975. The … Continue reading
US / The Jobs Gap: Unemployed Workers Still Far Outnumber Job Openings in Every Major Sector
The Job Openings and Labor Turnover Survey (JOLTS) released today by the Bureau of Labor Statistics showed job openings falling by 118,000 in April to 3.8 million. Job openings have improved very little over the last year and remain very depressed. In 2007, there were 4.5 million job openings each month, so April’s level of 3.8 … Continue reading
US / More Employers Are Planning On Hiring Since the Beginning of the Great Recession says Manpower Group
More employers in the United States plan to hire workers next quarter than in any period since the fourth quarter of 2008, according to a survey by Manpower Group, the global employment services giant. Manpower’s quarterly survey released Tuesday found most employers around the globe were uncertain about hiring more workers in the July through … Continue reading
US / What This Job Recovery Looks Like
If we look at trends over the last few years one can see how this recovery is taking hold. Some of the significant changes which have taken place in the last 2 1/2 years include: Administrative positions have risen by 11% and temporary services have increased by 9.7%. These trends point out two trends: businesses … Continue reading
Yes, Unemployment Benefits may rise Unemployment But … writes Krugman
A reader writes in, having just heard somebody or other claim that the current unemployment rate would be much lower if unemployment benefits were even less generous, and asks whether this can be true. And the answer is no. People who say things like this are fundamentally confused about what the economic research actually means. … Continue reading
US / Half of all STEM jobs are available to workers without a four-year college degree finds Brookings Institute
Workers in STEM (science, technology, engineering, and math) fields play a direct role in driving economic growth. Yet, because of how the STEM economy has been defined, policymakers have mainly focused on supporting workers with at least a bachelor’s (BA) degree, overlooking a strong potential workforce of those with less education but substantial STEM skills. … Continue reading
US / Employment Lags
The American economy may be the world’s biggest, but when it comes to job creation since the recession hit at the end of 2007, it is far from a leader. Indeed, contrary to the widespread view that the United States is an island of relative prosperity in a global sea of economic torpor, employment in … Continue reading
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