Job Market Monitor
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US / When will the unemployment rate fall to 6.5% (the Fed’s threshold)
When will the unemployment rate fall to 6.5% (the Fed’s threshold, but not trigger, for raising the Fed’s funds rate)? If the participation rate stays steady, the unemployment rate will fall to 6.5% in December 2014 if the economy adds around 185,000 jobs per month. This is consistent with the Fed not raising rates until 2015 … Continue reading
US College degree / Employers place more weight on experience, particularly internships and employment during school
Half of employers surveyed recently by The Chronicle and American Public Media’s Marketplace said they had trouble finding recent graduates qualified to fill positions at their company or organization. Nearly a third gave colleges just fair to poor marks for producing successful employees. And they dinged bachelor’s-degree holders for lacking basic workplace proficiencies, like adaptability, communication skills, and the ability to solve complex problems. Continue reading
US / A new labor market indicator: the threshold of initial jobless claims
The paper introduces a new labor market indicator, referred to as the threshold of initial jobless claims, that serves as a benchmark of comparison for the weekly reporting of initial jobless claims. The presented threshold is an improvement over a commonly used rule of thumb in relating initial claims to the upcoming employment report Continue reading
US vs Bangladesh / Sweatshop / Suspension of Preferential Trade Status and Reactions
The U.S. is planning to suspend its preferential trade treatment for Bangladesh. The suspension will begin in about 60 days.
Bangladesh’s foreign ministry has expressed hope that the U.S. will soon restore the country’s trade preferences Continue reading
US / A skills Gap ? Most H-1B IT Foreign Workers hold entry-level positions
There is little empirical evidence to suggest that foreign engineers displace American engineers as a whole. If anything, one recent study suggests, the growth of immigrant workers in American companies helps younger American technical workers — more of them are hired and at higher-paying jobs — but has no noticeable consequences, good or bad, on … Continue reading
US / Jobless claims still going the right way
In the week ending June 22, the advance figure for seasonally adjusted initial claims was 346,000, a decrease of 9,000 from the previous week’s revised figure of 355,000 Continue reading
US / The Occupations with Oldest Jobholders
The Occupations with Oldest Jobholders in United States. Some professions naturally retain older experts – clergymen, for example. In other cases, professions are dying and unable to provide attractive opportunities for newcomers Continue reading
US / Education gap widens Georgetown Center on Education and the Workforce finds
The Education Gap, the projected shortfall between the demand for workers with university degrees and the supply of Americans who have them continues to widen, according to new research from the Georgetown Center on Education and the Workforce Continue reading
US / Immigration and the Job Market
The belief that immigration would simply displace American workers relies on the assumption that employers would do nothing but replace a costlier domestic labor force with cheaper imports. But companies actually invest and expand to reap the higher profits that the new labor allows. This provides new opportunities for immigrants and domestic workers alike Continue reading
US / A Jobs Recovery ? Charts
The recession ended four years ago. Bur the recovery is slow. Charts Continue reading
US / 36% ‘mal-employment’ rate for college grads
More than a third of recent college grads with jobs are working in positions that don’t require a degree. The “mal-employment” rate, and right now it tops 36% for college-educated workers under the age of 25. Continue reading
US / 2.1 million artists in the labor force: the National Statistics about Working Artists
What do we know about the 2.1 million artists in the United States’ labor force? To help answer that question, the NEA today released “Equal Opportunity Data Mining: National Statistics about Working Artists.” Continue reading
US / Labor Shortages Could Constrain Housing Growth says Fitch
Labor shortages in the homebuilding industry could constrain new housing growth during the recovery, according to Fitch Ratings Continue reading
US/ Volunteering for young people might not an effective way to get to employment research finds
With inconclusive findings, more analysis is needed to determine whether volunteering is an effective way to increase human capital, build a professional network and signal employability to employers for young people entering the labor market during an economic recession Continue reading
US / Retirement / 45 % of all working-age households don’t hold any retirement account assets
A new report from the National Institute on Retirement Security, based on analysis of the 2010 Survey of Consumer Finances, shows that about 45 percent of all working-age households don’t hold any retirement account assets, whether in an employer-sponsored 401(k) type plan or an individual retirement account Continue reading
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