US

This tag is associated with 1767 posts

Immigration in US – Selecting those with the skills to fill the jobs of the future will be vital to the country’s economic vitality

WASHINGTON — Even before the COVID-19 pandemic and resulting job dislocation unseen since the Great Depression of the 1930s, economists and futurists predicted extensive changes to the future of work in the United States. While the focus has been chiefly on the transformations that automation and off-shoring will bring, and a related discussion about the … Continue reading

UI Weekly Claims in US (week ending October 24) – 751,000, a decrease of 40,000 from the previous week’s revised leve

In the week ending October 24, the advance figure for seasonally adjusted initial claims was 751,000, a decrease of 40,000 from the previous week’s revised level. The previous week’s level was revised up by 4,000 from 787,000 to 791,000. The 4-week moving average was 787,750, a decrease of 24,500 from the previous week’s revised average. … Continue reading

Occupational Licensing and Non-Competition Agreements in US – Declining in dynamism, but attempts to reform often face stiff opposition

Labour market fluidity has declined substantially since the late 1990s and coincides with a period of sluggish productivity growth as discussed in Chapter 2. State-level labour market regulation contributes to some of the concerning lack of dynamism, notably occupational licensing and non-competition agreements, which both cover around one fifth of American workers. Labour market regulation … Continue reading

Wage Growth in US – The Illusion

Despite a sharp spike in unemployment since March 2020, aggregate wage growth has accelerated. This acceleration has been almost entirely attributable to job losses among low-wage workers. Wage growth for those who remain employed has been flat. This pattern is not unique to COVID-19 but is more profound now than in previous recessions. This means … Continue reading

Job Report in US (September 2020) – Employment rose by 661,000 and unemployment declined to 7.9 percent

Total nonfarm payroll employment rose by 661,000 in September, and the unemployment rate declined to 7.9 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In September, … Continue reading

College-Educated Immigrants in US – Nearly 13 million accounting for 45 percent of software developers, 42 percent of physical scientists, and 29 percent of physicians

Nearly 13 million immigrants have a four-year college degree or better. But these highly educated immigrants are not spread evenly throughout the labor market. They make up disproportionate shares of certain jobs, especially in the science and technology fields, accounting for 45 percent of software developers, 42 percent of physical scientists, and 29 percent of … Continue reading

Covid, Government Financial Support and Output in US – Will boost GDP by 4.7 percent in 2020 and 3.1 percent in 2021, by about 59 cents for every dollar over 3 years

In March and April of 2020, four major federal laws were enacted in response to the 2020 coronavirus pandemic. Those laws, which contained a wide array of conventional and unconventional fiscal policies, will add $2.3 trillion to the deficit in fiscal year 2020 and $0.6 trillion in 2021, according to the Congressional Budget Office’s estimates. … Continue reading

UI during COVID in US – How to improve it

This panel will focus on changes in unemployment insurance (UI) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and how lessons from these changes can guide reform of the federal-state UI system. For example, what lessons does the CARES Act UI payments experience offer on how we can better promote an equitable recovery? … Continue reading

UI Weekly Claims in US (Week ending September 12) – 860,000, a decrease of 33,000 from the previous week’s revised level

SEASONALLY ADJUSTED DATA In the week ending September 12, the advance figure for seasonally adjusted initial claims was 860,000, a decrease of 33,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 884,000 to 893,000. The 4-week moving average was 912,000, a decrease of 61,000 from the previous … Continue reading

Covid in US – 52% of young adults are now living with their parents

The share of 18- to 29-year-olds living with their parents has become a majority since U.S. coronavirus cases began spreading early this year. The coronavirus outbreak has pushed millions of Americans, especially young adults, to move in with family members. The share of 18- to 29-year-olds living with their parents has become a majority since … Continue reading

Job Report in US (August 2020) – Employment rose by 1.4 million and unemployment fell to 8.4 percent

Total nonfarm payroll employment rose by 1.4 million in August, and the unemployment rate fell to 8.4 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In August, an increase … Continue reading

US immigrants – Key findings by Pew Research Center

Today, more than 40 million people living in the U.S. were born in another country, accounting for about one-fifth of the world’s migrants. Key findings about The United States has more immigrants than any other country in the world. Today, more than 40 million people living in the U.S. were born in another country, accounting … Continue reading

UI Weekly Claims in US (week ending August 22) – Still over 1,000,000

In the week ending August 22, the advance figure for seasonally adjusted initial claims was 1,006,000, a decrease of 98,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 1,106,000 to 1,104,000. The 4-week moving average was 1,068,000, a decrease of 107,250 from the previous week’s revised average. … Continue reading

Longer-Run Goals of Monetary Policy in US – Including an “assessments of the shortfalls of employment from its maximum level”

Following an extensive review that included numerous public events across the country, the Federal Open Market Committee (FOMC) on Thursday announced the unanimous approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy, which articulates its approach to monetary policy and serves as the foundation for its policy actions. The updates reflect … Continue reading

Covid and Change in Payroll Employment by Sector in US – A chart

Chosen excerpts by Job Market Monitor. Read the whole story @ Hutchins Roundup: Student debt, consumer spending, and more

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