Job Market Monitor
US
The Working-Class America – Arresting the decline and building bridges back to opportunity
The 2016 election put the plight of working-class America front and center in American politics. A long-neglected and largely forgotten voting bloc thought by many to be shrinking to the point of irrelevance suddenly mattered, nationally and in every state. But more important even than the political consequences, the campaign and what followed shone a … Continue reading
Immigrants and Immigration in US – How many and how have the number changed over time
How many immigrants reside in the United States? More than 44.5 million immigrants resided in the United States in 2017, the historical high since census records have been kept. One in seven U.S. residents is foreign born, according to 2017 American Community Survey (ACS) data. While immigrants’ current share—13.7 percent—of the overall U.S. population (325.7 … Continue reading
Job Openings in US – Increased to 7.6 Million in January with more of them than people unemployed for the eleventh consecutive month
In January there were 7.581 million job openings, and, according to the January Employment report, there were 6.535 million unemployed. So, for the eleventh consecutive month, there were more job openings than people unemployed. Also note that the number of job openings has exceeded the number of hires since January 2015 (4 years). Chosen excerpts … Continue reading
Immigrants in US – About 30 million of the 58 million immigrant-origin adults lack a post-secondary credential
The United States will face an estimated shortfall of 8 million workers between now and 2027, amid an aging U.S. workforce, the retirement of baby boomers and declining birth rates. At the same time, the nearly 58 million U.S. adults who are either immigrants or the children of immigrants are projected to be the primary … Continue reading
Job Report in US, February 2019 – A very weak month – total nonfarm payroll employment up by only 20,000
Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment in professional and business services, health care, and wholesale trade continued to trend up, while construction employment decreased. Household Survey Data The unemployment rate declined by 0.2 percentage point … Continue reading
CBO’s 10-years Economic Outlook for US – The economy expands more slowly with debt on an unsustainable course
The Economy – In CBO’s economic forecast, which underlies its budget projections, the economy expands more slowly over the next decade than it did in 2018, averaging annual growth of 1.7 percent over the 2020– 2029 period. The slowdown begins in 2019 as the positive efects of recent tax legislation on business investment are expected … Continue reading
Jobless Claims in US – At 10-month high
The number of Americans filing applications for jobless benefits increased more than expected last week and the number of people on unemployment rolls increased to a 10-month high, suggesting some slowing in the labor market. Chosen excerpts by Job Market Monitor. Read the whole story at U.S. jobless claims rise; continuing claims at 10-month high | Reuters
Autonomous Vehicle in US – How to cope with their effects on workers
How will the introduction and diffusion of autonomous vehicles (AVs) affect U.S. workers? This highly fraught question promises soon to loom large in hometowns and policy realms across the nation. Given Americans’ current reliance on cars and trucks for most of our transportation, the transition to self-driving vehicles will change many lives and livelihoods, likely … Continue reading
Minimum Wages in US – Three conclusions on the impacts
Minimum wages have been studied so extensively that it is rare to find a fresh angle that piques labor economists’ interest. Despite a mountain of literature, advances in empirical methods, and the availability of new data, definitive studies are scarcer than policymakers would hope to find. The empirical challenges researchers of the minimum wage face … Continue reading
Job Report in US, January 2019 – Employment increased (for record 100th consecutive month) by 304,000 but unemployment edged up to 4.0 percent
Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several industries, including leisure and hospitality, construction, health care, and transportation and warehousing. Household Survey Data Both the unemployment rate, at 4.0 percent, and the number of unemployed … Continue reading
Immigration In US – Strengthen more than burden it majority says, but Republicans and Democrats have never been further apart
The American public’s views of the impact immigrants have on the country remain largely positive – and deeply partisan. As in recent years, a majority (62%) say immigrants strengthen the country because of their hard work and talents. Just 28% say immigrants are a burden on the country because they take jobs, housing and health … Continue reading
Congressional Budget Office’s Economic Outlook – Fiscal stimulus wane, projected economic growth falls back below the historical average
In CBO’s projections, deficits remain large by historical standards, and federal debt grows to equal 93 percent of GDP by 2029. As the effects of fiscal stimulus wane, projected economic growth falls back below the historical average. In CBO’s economic forecast, which underlies its budget projections, the economy expands more slowly over the next decade … Continue reading
Middle Skills Gap in US – The case of Georgia
Georgia joins a number of states this month in convening a new session of the legislature and welcoming a new governor. One of the most pressing challenges facing these new leaders is the state’s middle skills gap. Most jobs in Georgia’s labor market – 55 percent – are middle-skill jobs, which require more than a … Continue reading
Integration of Immigrants in US – A toolkit for doing more with less
The sharp spike in refugee and other migrant arrivals in Europe during the 2015–16 crisis elevated immigration issues to the top of the priority list for policymakers across the European Union. Several years on, all eyes have turned to how well these newcomers are settling into Member State societies. But while integration policy now has … Continue reading
English Proficiency of Immigrants in US – 48 percent of all immigrants reported speaking English less than “very well”
While the immigrant population in the United States continued its moderate growth in 2017, and the foreign-born share of the overall U.S. population reached a near-historic high of 14 percent, other noteworthy trends were underway beneath these totals. Compared to the 1980–2010 period, the national origins of new arrivals have shifted. Recent newcomers are more … Continue reading
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