Job Market Monitor
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Immigration in US – Statistics and trends
Need information about U.S. immigration trends or the makeup of the country’s immigrant population? This useful, stats-rich article answers the most common questions about the size, shape, and changing nature of the U.S. foreign-born population. It also offers data on immigration enforcement actions, backlogs, and other elements of the U.S. immigration system. Click on the … Continue reading
Apprenticeships in US – A new national organization to expanding it
Apprenticeships for America (AFA), a nonprofit focused on expanding apprenticeship programs nationwide, launched today amid urgent demand for new education and training approaches that better connect America’s workers to in-demand jobs and rewarding careers in an increasingly dynamic economy. “Despite decades of evidence that apprenticeships are among the most effective paths to economic mobility, they … Continue reading
Inflation and the Phillips Curve in US – Why the flatness ?
This paper studies the current state of inflation dynamics through the lens of the Phillips curve and assesses the degree of anchoring of inflation expectations. I first estimate a Phillips curve model with both past inflation and a constant anchor as explanatory variables over the 1999–2018 period for a variety of measures of consumer prices. … Continue reading
Inflation in US to 40-Year High(February 2022) – Consumer Price Index up 7.9 percent over the last 12 months
CONSUMER PRICE INDEX – FEBRUARY 2022 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. Chosen … Continue reading
College Education in US – The gender gap is growing
The growing gender gap in higher education – both in enrollment and graduation rates – has been a topic of conversation and debate in recent months. Young women are more likely to be enrolled in college today than young men, and among those ages 25 and older, women are more likely than men to have … Continue reading
Job Report in US (February 2022) – Employment rose by 678,000 and unemployment down to 3.8 percent
Total nonfarm payroll employment rose by 678,000 in February, and the unemployment rate edged down to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, health care, and construction. Household Survey Data In February, the unemployment rate edged down … Continue reading
Job Openings and the Beveridge Curve in US – It shifted further outward during and after the COVID-19 pandemic
What are job openings? Using a sample of 16,000 employers, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) measures the number of people who have left their jobs. JOLTS also counts the number of positions for which employers are actively recruiting and would start within 30 days of hire. The number … Continue reading
Immigration in US – Mounting backlogs
The Biden administration is seeking to overhaul the U.S. immigration system, expanding protections to hundreds of thousands of immigrants and embarking on a plan to restructure the asylum process at the U.S.-Mexico border. But ever-swelling backlogs in immigration applications and court hearings have slowed legal immigration, threatened to undermine the integrity of the system as … Continue reading
Life Satisfaction in US – More people say they’re not too happy than say they’re very happy for the first time
More people say they’re not too happy than say they’re very happy for the first time since the survey began. The question : Taken all together, how would you say things are these days–would you say that you are very happy, pretty happy, or not too happy? Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
Work in US – COVID-19 continues to reshape it
As more workplaces reopen, most teleworkers say they are working from home by choice rather than necessity Nearly two years into the COVID-19 pandemic, roughly six-in-ten U.S. workers who say their jobs can mainly be done from home (59%) are working from home all or most of the time. The vast majority of these workers … Continue reading
Labor Market in US – It reflect the economy’s robust recovery from the coronavirus pandemic
Evgeniya Duzhak, regional policy economist at the Federal Reserve Bank of San Francisco, stated her views on the current economy and the outlook as of February 10, 2022. The improvements in the labor market reflect the economy’s robust recovery from the coronavirus pandemic. The unemployment rate in January stands at 4.0%, close to the natural … Continue reading
COVID-19 Impacts on Workers in US – Households with income less than $25,000 were 3.5 times as likely to report missing an entire week of work
Household Pulse Survey (HPS) data reveal stark inequities in COVID-19-related outcomes by income. Among working-aged Americans, those with 2019 household incomes less than $25,000 were 3.5 times as likely to report missing an entire week of work mainly due to their own or loved ones’ COVID-19 symptoms, relative to those earning $100,000 or more (Figure). … Continue reading
Searching for Maximum Employment in US – Achieving the labor market’s longer-term potential may require a few more years of expansion
How well the economy is progressing toward the Federal Reserve’s goal of maximum employment is reflected in a range of indicators that evolve over time. Beyond the unemployment rate, two key metrics of labor market health are the labor force participation rate and the employment-to-population ratio. The aging of the population is reducing the levels … Continue reading
Job Report in US (January 2022) – Employment rose by 467,000 and unemployment little changed at 4.0
Total nonfarm payroll employment rose by 467,000 in January, and the unemployment rate was little changed at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. Household Survey Data Both the unemployment rate, at … Continue reading
The Great Resignation in US- Job openings and quits rate are little changed (December 2021)
The number of job openings was little changed at 10.9 million on the last business day of December, the U.S. Bureau of Labor Statistics reported today. Hires and total separations decreased to 6.3 million and 5.9 million, respectively. Within separations, the quits rate was little changed at 2.9 percent. The layoffs and discharges rate was … Continue reading
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