Job Market Monitor
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US / The Great Wage Recession And The Great Jobs Recession : Two Charts
As bad as the current job recovery has been — and it’s by far the weakest since World War II — the recovery in wages has been far worse. Five years after the recession began in December 2007, total wages in the economy have yet to fully recover in real terms, Commerce Department data show. … Continue reading
US / Hispanics / Unemployment Rate Tops 17% in 5 States
The Hispanic unemployment rate at the end of 2012 in 13 states significantly exceeded the state rate, with the percentage of jobless Hispanics surpassing 17 percent in five states. Overall, the unemployment rates likely will remain high for whites, Latinos, and African-Americans through the year, according to projections by the Economic Policy Institute. The nationwide … Continue reading
US / Poll: Economists think minimum wage is worth it
The IGM Forum, which is run by the University of Chicago’s Booth School of Business, polled top economists on the minimum wage. The first question they asked was whether raising the minimum wage could make it harder for some low-wage workers to find jobs. The second question was whether they thought increasing the minimum wage … Continue reading
US / Minimum Wage / Would be $16.50 an hour — $33,000 a year — if it had kept up with the growth of productivity since 1968
You may have seen charts like the one to the right from the Economic Policy Institute, showing how working people’s wages stopped going up along with productivity gains. This means the gains went…somewhere else. See if you can guess who got them? (Hint: it’s the 1 percent; this is one driver of the terrible income and … Continue reading
US / Hiring / The Big Banks Are The Most Active Right Now
Though unemployment rates are slowly improving, plenty of recession-weary businesses remain hesitant to expand their payrolls. But as tough as times still are for job seekers and employers alike, signs of recovery keep popping up in the financial services industry—particularly at the big banks. Some of America’s largest banks are looking to fill hundreds of … Continue reading
US / Associate’s degree out-earn bachelor’s degree holders
Berevan Omer graduated on a Friday in February with an associate’s degree from Nashville State Community College and started work the following Monday as a computer-networking engineer at a local television station, making about $50,000 a year. That’s 15% higher than the average starting salary for graduates — not only from community colleges, but for … Continue reading
US / Estimated Impact of the American Recovery and Reinvestment Act
As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy. CBO develops estimates of ARRA’s effects on output and employment by looking at recorded spending to date … Continue reading
US / A Well-educated Workforce is a Vital Component of National and Economic Security
Historically, national security includes the strength of our nation’s infrastructure, the foundation upon which the continuous growth of our society depends. This includes our strong societal and moral codes, the rule of law, stable government, social, political, and economic institutions, and leadership. Also included are our nation’s schools and educational programs to ensure a knowledgeable … Continue reading
US / Immigration Reform / Four in ten said that high unemployment is caused by “illegal immigrants”
If anything is going to wreck the current bipartisan push for comprehensive immigration reform, it’s the fact that many Americans are convinced that more immigration will be bad for American workers and for the U.S. economy. The spectre of masses of immigrants taking American jobs and driving down wages is a powerful one, especially at … Continue reading
US / No Momentum in Quality Jobs Market Gallup Finds
Americans continue to think it is hard to find a quality job in February, with 23% saying now is a good time to find one. But this is on par with the 25% who said the same in January, which was the highest Gallup has measured since March 2008. Chosen excerpts by Job Market Monitor … Continue reading
US / Unemployment Rate for veterans between 18 and 24 exceeded 20 percent last year
Two months after completing his five-plus years as an Army medic, Dan Huber is still looking for a job. And while he’s had some promising interviews, he has no assurances the search will end soon. That’s given him some insight that he shares with some of his buddies back at Fort Polk in Louisiana: Don’t … Continue reading
US / Nanosolar / 75% of staff laid off
While few manufacturers are profitable in today’s photovoltaic market, U.S.-based Nanosolar has had a particularly tough ride in taking its technology to scale. The Silicon Beat website reported the news yesterday, that as much of 75% of Nanosolar’s staff were laid off on Friday, February 15. The source of the report was an anonymous employee … Continue reading
US / Almost half of employed college graduates are in jobs requiring less than college education
“Political leaders, prominent foundations, and college presidents have argued that the nation must increase the proportion of adults with college degrees in order for America to remain competitive in the global economy” write Richard Vedder, Christopher Denhart, and Jonathan Robe in Why Are Recent College Graduates Underemployed? University Enrollments and Labor-Market Realities (Adapted quotes to follow). Supporting those … Continue reading
US / Summary of 2013 Unemployment Insurance Cuts
North Carolina has become the eighth state to cut the number of weeks of state unemployment benefits. Starting July 1, 2013 there will be a range of state unemployment benefits from 12 to 20 weeks. The number of weeks would be calculated twice a year and based on the state unemployment rate. In addition, the weekly … Continue reading
US / 23% of Illiterate (infographics)
Source: 23% of America Is Illiterate – OnlineCollegeCourses.com.
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