Job Market Monitor
US
Immigration in US – 87 percent of overall population growth by 2049 CBO says
With birth rates projected to remain low, net immigration flows become an increasingly important part of overall U.S. population growth; in 2019, projected net in flows account for approximately 45 percent of overall population growth, but by 2049 that share is nearly 87 percent. CBO projects three broad categories of immigration: legal permanent residents (LPRs), … Continue reading
Career and Technical Education and Local Labor Markets in US – How aligned ?
The recent reauthorization of the Carl D. Perkins Career and Technical Education Act—the principal federal education program supporting career and technical education (CTE)—expressly aims to “align workforce skills with labor market needs.” How Aligned is Career and Technical Education to Local Labor Markets?, co-authored by Pepperdine University associate professor Cameron Sublett and Fordham Institute senior research … Continue reading
Pre-Apprenticeship in US – To prepare individuals to enter and succeed
Pre-apprenticeship programs are designed to prepare individuals to enter and succeed in a Registered Apprenticeship or other high-quality apprenticeship program, and ultimately a career. They can be delivered by a range of entities including community-based organizations, high schools, labor organizations, workforce agencies, or community colleges. For educational institutions, the programs can and should integrate directly … Continue reading
US Manufacturing – The changing geography of from 1940 to 2016
Between 1940 and 2016, employment in manufacturing shifted across America from the Northeast to the Midwest and the Southeast. The industry lost ground in many places and is now the largest employer in only two states—Indiana and Wisconsin. In 1940, 23% of workers were employed in the manufacturing industry, and they were concentrated in 15 … Continue reading
Job Report in US, June 2019 – Employment increased by 224,000 and unemployment rate little changed at 3.7 percent
Total nonfarm payroll employment increased by 224,000 in June, and the unemployment rate was little changed at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, in health care, and in transportation and warehousing. Household Survey Data Both the unemployment rate, at 3.7 percent, and the number of unemployed persons, … Continue reading
Unemployment Insurance Weekly Claims in US, April 13 – Down at the lowest level for initial claims since September 6
In the week ending April 13, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 5,000 from the previous week’s revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week’s level was revised up by 1,000 from 196,000 to 197,000. … Continue reading
Business Cycles in US – NBER’s reference dates and duration
Chosen excerpts by Job Market Monitor. Read the whole story at US Business Cycle Expansions and Contractions
Weekly Jobless Claims in US (ending April 6) – The lowest level for initial claims since October 4, 1969
In the week ending April 6, the advance figure for seasonally adjusted initial claims was 196,000, a decrease of 8,000 from the previous week’s revised level. This is the lowest level for initial claims since October 4, 1969 when it was 193,000. The previous week’s level was revised up by 2,000 from 202,000 to 204,000. … Continue reading
Job Openings in US – At 11-month low
The number of job openings fell to 7.1 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.7 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little … Continue reading
Older Workers Participation in US – Recent cohorts of women have been participating at higher rates than their predecessors early in life but lower rates in middle age but man …
Labor force participation is rising for older workers in the U.S.; therefore, while it is tempting to focus on prime-age workers to gauge the economy’s health to avoid demographic effects, doing so misses important shifts amongst those over 54 years old. Figures 1a and 1b (below) show labor force participation rates by gender, birth cohort, and age in five–year intervals. These figures describe both trends in labor force … Continue reading
Gig-Jobs in US – The rise is driven by earnings that are secondary and supplemental sources of income
New institutions and technologies have made it simpler for self-employed individuals to do work for firms and peers that could have previously only been done in an employment relationship. As a result, speculation has grown that traditional jobs in the United States will be replaced by “gig” or “freelance” work performed by self-employed workers acting … Continue reading
Job Report in US, March 2019 – Employment increased by 196,000 and unemployment unchanged at 3.8 percent
Total nonfarm payroll employment increased by 196,000 in March, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services. Household Survey Data The unemployment rate remained at 3.8 percent in March, and the number of … Continue reading
Unemployment in US – New series lows in Alabama (3.7 percent), North Dakota (2.4 percent), Tennessee (3.2 percent) and Vermont (2.4 percent)
Unemployment rates were lower in February in 4 states and stable in 46 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Seven states had jobless rate decreases from a year earlier, 2 states had increases, and 41 states and the District had little or no change. The national unemployment … Continue reading
The Working-Class America – Arresting the decline and building bridges back to opportunity
The 2016 election put the plight of working-class America front and center in American politics. A long-neglected and largely forgotten voting bloc thought by many to be shrinking to the point of irrelevance suddenly mattered, nationally and in every state. But more important even than the political consequences, the campaign and what followed shone a … Continue reading
Immigrants and Immigration in US – How many and how have the number changed over time
How many immigrants reside in the United States? More than 44.5 million immigrants resided in the United States in 2017, the historical high since census records have been kept. One in seven U.S. residents is foreign born, according to 2017 American Community Survey (ACS) data. While immigrants’ current share—13.7 percent—of the overall U.S. population (325.7 … Continue reading
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