Job Market Monitor
US
Offshoring form US Companies – Just over 30%, a 3 percentage points higher than seven years ago, or a 10% increase
US-based employers expanded employment abroad faster than domestically for the past 7 years. This is particularly pronounced among Tech and Consulting firms. Highly remote-suitable roles have grown 42% faster outside the US than within the US since 2019, while there is no difference in growth rates for roles that are not remote-suitable. Cost saving considerations … Continue reading
COVID-19 in US – A growing divide
The most significant pandemic of our lifetime arrived as the United States was experiencing three major societal trends: a growing divide between partisans of the left and right, decreasing trust in many institutions, and a massive splintering of the information environment. COVID-19 did not cause any of this, but these forces fueled the country’s divided … Continue reading
UI in US – Budgetary History and Projections by CBO
The Unemployment Insurance (UI) system provides temporary weekly benefits to qualified workers who are unemployed through no fault of their own. The system is run jointly by the states and the federal government. The states administer the system under federal laws and regulations, set regular benefit amounts, specify eligibility requirements, and distribute benefit payments. The … Continue reading
Canada-US Labour Productivity Gap – The top 10% of the income distribution accounts for two-thirds
Gross domestic product (GDP) per adult in Canada fluctuated between 70% and 90% of that of the United States between 1960 and 2020. Behind this gap lie large, systematic differences in relative incomes across the Canadian and US income distributions. There are small differences in average incomes among lower percentiles of the income distribution while … Continue reading
Remote Work in Call-Centers in US – The hourly calls of formerly on-site workers fell by 4 percent relative to that of already remote workers
Before the Covid-19 pandemic, less than a fifth of Americans worked remotely. Even in seemingly remotable tasks like call-center work, remote work was uncom- mon. This rarity was surprising since most workers were willing to take pay cuts to work at home (Mas and Pallais, 2017), and working remotely seemed to boost productivity in call-centers … Continue reading
Recent College Graduates in US – Market outcome by major from The Federal Reserve Bank of New York
Data on labor market outcomes for new graduates and young workers. Chosen excerpts by Job Market Monitor. Read the whole story @ The Labor Market for Recent College Graduates – FEDERAL RESERVE BANK of NEW YORK
Occupational Licensing and Retirement in US – They are less likely to choose to change careers but more likely to reduce work hours in transitioning out of the workforce
Ways of leaving the labor force has been an understudied aspect of labor market outcomes. Labor market institutions such as occupational licensing may influence how individuals transition to retirement. When and how workers transition from career jobs to full retirement may contribute to pre- and post-retirement well-being. Previous investigations of retirement pathways focused on the … Continue reading
South American Immigrants in US – A significant increase
Size of Immigrant Population over Time Since 1980, there has been a significant increase in the size of the U.S. South American immigrant population, although the rate of growth had slowed by nearly half as of 2022. The population grew by 85 percent between 1980 and 1990, and 86 percent between 1990 and 2000, but … Continue reading
Immigration in US – Higher pace of employment growth without adding pressure to wages and price inflation
In this analysis, we consider recent immigration flows and their potential macroeconomic implications. Interpreting the current labor market requires understanding recent immigration: how many people arrived and how they engaged in the economy. Recent estimates from the Congressional Budget Office (CBO) suggest much higher rates of recent immigration than were previously projected. In 2019, CBO … Continue reading
The Evolution of Work and Tasks from 1950 to 2000 in US – A substantial fraction of total changes occurring within narrowly defined job titles
Using the text from job ads, we introduce a new dataset to describe the evolution of work from 1950 to 2000. We show that the transformation of the US labor market away from routine cognitive and manual tasks and toward nonroutine interactive and analytic tasks has been larger than prior research has found, with a … Continue reading
US Long-Term Budget Outlook – Projected deficits are especially large given the forecast of low unemployment rates
Each year, the Congressional Budget Office publishes a report presenting its projections of what the federal budget and the economy would look like over the next 30 years if current laws generally remained unchanged. This report is the latest in that series. The federal budget deficit increases significantly in relation to gross domestic product over … Continue reading
Alternative Credentials in Higher Ed in US – Ninety-four percent of respondents’ institutions offer alternative credentials
The goal of this research is to better understand the landscape of alternative credentials, and the programmatic and business models that sustain them. The results of the study show that institutions of higher education have overwhelmingly embraced alternative credentials, with a range of offerings that include non-credit certificates, professional certificates, badges, bootcamps, and MOOCs. This … Continue reading
K-12 Teachers in US – A significant decline in key elements of educators’ engagement
While K-12 teaching is, for many in the profession, inherently purposeful, some leaders in education mistakenly believe that the mission-rich nature of educators’ work alone is sufficient to keep K-12 teachers in the classroom. Shifts in America’s K-12 education landscape have led to a significant decline in key elements of educators’ engagement, including knowing what’s … Continue reading
Immigration in US – For a new employment-based visa pathway—the bridge visa—
The Migration Policy Institute (MPI) today proposed the creation of a new employment-based visa pathway—the bridge visa—to enable the United States to better leverage immigration to meet its labor market needs, address rapidly changing economic and demographic realities, and remain competitive at a time when an increasing number of countries are vying for top global … Continue reading
Asylum in US – The humanitarian protection system faces record demands
Known for its long tradition of providing refuge, the U.S. humanitarian protection system is under major strain at a time of mass displacements globally, a backlog of more than 2 million asylum applications and record U.S.-Mexico border arrivals of migrants seeking asylum. The Biden administration has imposed new restrictions to asylum while also using alternate … Continue reading
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