Job Market Monitor
US
Grads in US – 51 Percent feel underemployed
Why do new college graduates end up so disillusioned, underemployed and undervalued after a couple years of work? The Accenture Strategy 2016 U.S. College Graduate Employment Study highlights the disparity between new graduate expectations and the reality of the working world, and examines how employers can improve the employee experience to attract and retain top … Continue reading
US – Americans have increasingly positive perceptions of the job market and what it offers
Americans have increasingly positive perceptions of the job market and what it offers. In 2012, an average of 19% of people said it was a good time to find a quality job. For the first three quarters of 2016, an average of 42% said the same. Among those in the labor force (employed, unemployed or … Continue reading
The Working Poor in US – The highest among seventeen affluent democratic nations (as of 2000)
In-work poverty became a prominent policy issue in the United States long before the term itself acquired any meaning and relevance in other industrialized countries. With America’s embrace of an employment-centered antipoverty strategy, the working poor have become even more of an issue. This paper reviews some key trends, drivers and policy issues. How much … Continue reading
Skills Gap in US – How CEOs are helping to close it
Closing the skills gap is a work in progress, but business leaders are moving forward on several fronts to tackle this challenge. Business Roundtable has highlighted some of the ways that America’s largest employers are working with academia to increase the pipeline of skilled and diverse workers to join their companies and to upgrade and transform the … Continue reading
US – The average employment multiplier is 1.09 study finds
This paper estimates dynamic employment multipliers in a U.S. county during 1998-2015. On average,one exogenous tradable job gain creates 1.1 jobs in the rest of the county economy in the same year, but is offset by losses of 0.23 job one year later and 0.32 job two years later. The multiplier is modest during the … Continue reading
Employee Engagement in US – 13 Percent have “the passion of the explorer,”
AMERICAN companies will spend over $1 billion on employee engagement in 2017 and over $100 billion on training and development activities. Yet despite this investment, employee engagement remains low, at 34 percent. Perhaps more troubling: In an increasingly unpredictable business environment, most US workers, even those who are engaged, lack the disposition to embrace unexpected … Continue reading
Higher Education in US – Eight economic facts
The higher education sector itself is an important piece of the U.S. economy. In the fall of 2013, institutions of higher education that participated in Title IV federal financial aid programs employed almost 4 million people. The higher education sector also confers a large advantage to the United States in the global market for talent. … Continue reading
Labor Mobility in US – Switching employers or shifting in and out of the workforce has been declining
The median number of years that wage and salary workers in the U.S. have been with their current employer was 4.2 when the Bureau of Labor Statistics last checked in January 2016. That’s higher than at any time in the 1980s or ’90s. The percentage of Americans switching employers or shifting in and out of … Continue reading
Out-of-Work in US – 11.3 million individuals
Of the combined unemployed and not-in-the-labor-force populations, our goal is to identify those most likely to be interested in or benefit from workforce development assistance. Therefore, we subtracted the following groups: people receiving retirement and disability benefits, most students, and our best estimate of people who choose to be stay-at-home parents with sufficient earnings from … Continue reading
Information on Postsecondary Labor Market Outcomes in US – Match student records with employment data and regularly publicize aggregate employment and earnings outcomes by program of study, ideally through legislation
Information on postsecondary labor market outcomes is becoming increasingly important for students, educators, institution leaders, and policymakers in today’s rapidly changing economy. This paper assesses the current landscape of employment data, proposing technical enhancements to help agencies and institutions more effectively collect and share information. Recommendations on federal and state policies to better inform students … Continue reading
Labor Market in US – It is doing quite well but earnings inequality continues to rise
In the aggregate the US labor market is doing quite well. Unemployment is currently below 5%, and real weekly earnings of full-time workers increased from the 2000 cyclical peak to the current period of near full employment. The difficulties lie behind the aggregates. Earnings inequality continues to rise, with the growth in earnings most prevalent … Continue reading
Minimum Wages in US – No effect on prices of changes similar to those observed historically research finds
Minimum wage policy attracts an enormous amount of attention in the United States. Between January 2014 and July 2015, the effective minimum wage in- creased in 26 states, and as of January 2015, 75% of Americans supported an increase in the federal minimum wage to over twelve dollars per hour. Researchers have responded to this … Continue reading
Household Finances in US – 44 Percent could not cover an unexpected $400 emergency expense Fed finds
The report, based on the Board’s fourth annual Survey of Household Economics and Decisionmaking conducted in October 2016, presents a picture of improving financial well-being among Americans. Overall, 70 percent of respondents said they were either “living comfortably” or “doing okay,” up 1 percentage point from 2015 and up 8 percentage points from the first … Continue reading
Participation in US – 11 percentage point gap in participation rates between men with a college degree and those with a high school degree or less
For decades, the portion of prime-age men (ages 25 to 54) in the labor force has been in decline. More recently, the labor force participation rate of prime-age women has stagnated and also declined. This paper addresses the consequences of, and reasons for, these declines, especially among men. A subsequent effort will address appropriate policy … Continue reading
Data and Analytics Talent in US – The number of positions will increase by 364,000 openings to 2,720,000 in 2020
The democratization of data is transforming our world. Sensors are everywhere. Cities are measur- ing and acting upon a wide variety of data sources. Governments at all levels are opening their data to their citizens. Old businesses are being transformed by data. Dynamic new businesses are powered by data. Anyone with a smart phone now … Continue reading
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