Job Market Monitor
US
15$ Federal Minimum Wage in US – Most Americans support it
About six-in-ten U.S. adults (62%) say they favor raising the federal minimum wage to $15 an hour, including 40% who strongly back the idea. About four-in-ten (38%) say they oppose the proposal, according to a Pew Research Center survey conducted April 5-11. The Biden administration and many congressional Democrats favor increasing the federal minimum wage … Continue reading
UI Weekly Claims in US (week ending April 17) – 547,000, The lowest level for initial claims since March 14, 2020
In the week ending April 17, the advance figure for seasonally adjusted initial claims was 547,000, a decrease of 39,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week’s level was revised up by 10,000 from 576,000 to 586,000. … Continue reading
Education-and-Employment sector in US – Programs that worked with employers were growing faster Harvard’s interdisciplinary Project on Workforce finds
A new white paper released today by Harvard’s interdisciplinary Project on Workforce – Working to Learn: Despite a growing set of innovators, America struggles to connect education and career – highlights stark challenges and transformative opportunities for the growing field of organizations seeking to connect postsecondary education with employment. The development of job pathways that … Continue reading
Covid and Unemployment in US – Education still matters
The first graph shows the unemployment rate by four levels of education (all groups are 25 years and older) through March 2021. Note: This is an update to a post from a few years ago. Unfortunately this data only goes back to 1992 and includes only three recessions (the stock / tech bust in 2001, … Continue reading
Work after Covid in US – Listening to Americans
In addition to the devastation the coronavirus pandemic has wrought in terms of lives lost, it has been one of the most economically disruptive crises in U.S. history. Among the most urgent concerns is the rising number of the long-term unemployed. In January 2021, four million Americans had been unemployed for six months or more, … Continue reading
COVID in US – Six facts about how the COVID-19 recession is affecting labor force participation and unemployment
Here are six facts about how the COVID-19 recession is affecting labor force participation and unemployment among American workers a year after its onset. Chosen excerpts by Job Market Monitor. Read the whole story @ A year into COVID-19, U.S. labor market recovery is far from complete | Pew Research Center
Job report in US (March 2021) – Employment rises by 916,000 and unemployment edges down to 6.0%
Total nonfarm payroll employment rose by 916,000 in March, and the unemployment rate edged down to 6.0 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. Job growth was widespread in March, led by gains in … Continue reading
NABE’s US Outlook Survey (March 2021) – 59 percent employment will return to pre-COVID-19 levels in 2023 or later
The March 2021 NABE Outlook presents the consensus macroeconomic forecast of a panel of 53 professional forecasters (see last page for listing). The survey, covering the outlook for 2021 and 2022, was conducted February 8-February 16, 2021. Highlights: • NABE panelists have grown more optimistic about the prospects for economic growth in 2021. The median … Continue reading
Working After Retirement in US – Rules, Benefits and Social Security
Thinking about returning to work after retirement? You’re not alone. But before you launch your new side project or pick up a part-time job, it’s important to understand how rejoining the workforce impacts your financial goals and government benefits. Chosen excerpts by Job Market Monitor. Read the whole story @ Working After Retirement | Rules, Benefits and … Continue reading
Covid and Long-Term Unemployment in US – About four-in-ten unemployed workers had been out of work for more than six months
About four-in-ten unemployed workers had been out of work for more than six months in February 2021, about double the share in February 2020. Chosen excerpts by Job Market Monitor. Read the whole story @ Long-term U.S. unemployment rose sharply under COVID-19; Asian Americans hit hardest | Pew Research Center
Skills and Credentials in US – IBM’s letter to US Secretary of Education nominee Miguel Cardona and Secretary of Labor nominee Marty Walsh
IBM today sent the following letter to US Secretary of Education nominee Miguel Cardona and Secretary of Labor nominee Marty Walsh: To incoming Secretaries Cardona and Walsh, As you take office amid a global pandemic, I know you must be all too aware of the 11 million unemployed Americans and the 77 million students in … Continue reading
Job Report in US (February 2021) – Employment rose by 379,000 and and unemployment little changed at 6.2 percent
Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic. In February, most of the job gains occurred in leisure and hospitality, with smaller gains in temporary help services, … Continue reading
Older Workers in US – Working longer cannot solve the retirement crisis
Working longer is often proposed as the solution to the retirement crisis caused by older workers’ lack of retirement assets, but new research from SCEPA’s ReLab shows this assumption doesn’t match older workers’ real experiences in the labor market. Spreadsheet models used by advocates of delaying retirement assume older workers delay claiming Social Security to … Continue reading
Jobs Recovery and Older Workers in US – 1.1 Million of them out of the labor force
In the final months of 2020, as the pandemic surged again and businesses were forced to scale back or close, the initial labor market recovery stagnated. For older workers, however, the recovery didn’t just pause—it took several steps back. Older workers (ages 55 and older) gained an insignificant number of jobs between August 2020 and … Continue reading
Racial Equity in US – Advancing it in the workplace is a system-level challenge
Advancing racial equity in the workplace is a system-level challenge-ranging from the structural inequities of geography to underrepresentation in industries and jobs that could create additional opportunity to the behaviors of the workplace itself. In the United States, Black workers account for 15 million, or 12 percent, of the 125 million US private-sector workers. The … Continue reading
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