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Job Report in US, February 2017 – Total nonfarm payroll employment increased by 235,000, more than expected
Total nonfarm payroll employment increased by 235,000 in February, and the unemployment rate was little changed at 4.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in construction, private educational services, manufacturing, health care, and mining. Household Survey Data The number of unemployed persons, at 7.5 million, changed little in February. … Continue reading
US – The unemployment rate is just one indicator
The unemployment rate is just one indicator of how the U.S. economy is doing, and it’s not always the best one. Simply being out of work isn’t enough for a person to be counted as unemployed; he or she also has to be available to work and actively looking for work (or on temporary layoff). In any … Continue reading
US – How to reduce integration barriers facing foreign-trained immigrants
Nearly 2 million college-educated immigrants and refugees in the United States are not working in middle- or high-skill jobs despite possessing years—sometimes decades—of education and work experience. More than half of these immigrants earned their college degrees abroad, coming to the United States with academic credentials and in some cases significant professional experience. They include … Continue reading
US – Employers see a solid business case for offering paid family leave
A growing number of companies are moving to provide paid family leave for their US employees—and they’re not all in industries you might expect. In addition to technology, financial services, and professional services firms, such organizations include food and beverage manufacturers, retail and food services companies, and even the US Department of Defense. And while … Continue reading
Teen Labor Force Participation in US – Their low rates of participation is continuing
Teen labor force participation has been on a long-term downward trend, and the decline is expected to continue to 2024, the latest year for which projections are available. A number of factors are contributing to this trend: an increased emphasis toward school and attending college among teens, reflected in higher enrollment; more summer school attendance; … Continue reading
US – Americans are hustling to adapt to new labor force realities Pew finds
For the past several decades, employment has been rising faster in jobs requiring higher levels of preparation – that is, more education, training and experience. The number of workers in occupations requiring average to above-average education, training and experience increased from 49 million in 1980 to 83 million in 2015, or by 68%. This was … Continue reading
Baby Boomer Women in US – Too Much Fun to Retire
Kay Abramowitz has been working, with a few breaks, since she was 14. Now 76, she is a partner in a law firm in Portland, Ore. — with no intention of stopping anytime soon. “Retirement or death is always on the horizon, but I have no plans,” she said. “I’m actually having way too much … Continue reading
Job Report in US, January 2017 – Total nonfarm payroll employment increased by 227,000
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, construction, and financial activities. Household Survey Data Both the number of unemployed persons, at 7.6 million, and the unemployment rate, at 4.8 … Continue reading
US – Is your city’s workforce growing older or younger?
Is your city’s workforce growing older or younger? CareerBuilder is out with a new study that explores employment trends for the 100 most populous U.S. cities, tracking how the shares of workers ages 22 to 34 and ages 55 and older have changed from 2001 to 2016. Topping the list for cities aging the fastest … Continue reading
Labor Market Outlook for 2017 and 2018 in US – The employment shortfall will shrink CBO says
CBO expects slack in the labor market to disappear over the next two years, as the growth of aggregate demand increases the demand for labor, eliminating the shortfall between actual and potential employment by the end of 2018 (see the figure below). That estimate is the effect of two expected developments. First, the gap between … Continue reading
US – Full employment may be redefined
Fed policymakers indicated in their post-meeting statement Wednesday that there’s still room for improvement in the job market. While the unemployment rate “stayed near its recent low” in December, “some further strengthening” is expected in labor conditions. That doesn’t mean central bankers or Labor Department economists are about to abandon the unemployment rate as their … Continue reading
US – Top 10 creative jobs in demand
Everyone knows the top-paying jobs are typically found in science and business. However, there are plenty of top-dollar career options for professionals whose passions are in the creative fields: coming up with new and original ideas, projects or products. CareerBuilder and Emsi compiled a list of the top 10 creative jobs the labor market needs … Continue reading
US – Millennials are taking over the workplace (Infographic)
Chosen by Job Market Monitor. @ visual.ly/api/embed/50554?width=540 From Visually.
US – A continuous decline in the overall participation rates until 2060 BLS says
In the Census Bureau’s latest projections, the growth rate (percentage change) of the resident population is projected to decrease in the long term. In 2022, the share of natural increase and immigration in projections of the resident population will be equal and at 50 percent. The civilian noninstitutional population is projected to grow from … Continue reading
Refugees in the US – 84,995 admitted in 2016
The U.S. admitted 84,995 refugees in the fiscal year ending in September 2016, the most in any year during the Obama administration. An additional 31,143 refugees have been admitted to the U.S. from Oct. 1 through Jan. 24, including more than 1,136 refugee admissions since Trump became president on Jan. 20. Though refugee admissions would … Continue reading
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