Job Market Monitor
US
High-income in US – Those above $250,000 paid 51.6% of all individual income taxes in 2014
In 2014, people with adjusted gross income, or AGI, above $250,000 paid just over half (51.6%) of all individual income taxes, though they accounted for only 2.7% of all returns filed, according to our analysis of preliminary IRS data. Their average tax rate (total taxes paid divided by cumulative AGI) was 25.7%. By contrast, people with incomes of less than … Continue reading
Education, Skills and Economic Opportunity in US – Fourteen Economic Facts
The Payoff to Skills is High Fact 1: Both cognitive and soft skills—such as perseverance, tenacity, and social skills—play an important role in shaping economic outcomes. Fact 2: The skills premium has increased dramatically. Fact 3: Educational attainment has increased in the United States, especially among women. Fact 4: Americans who did not attend college form … Continue reading
College in US – A’s were the most common grade
A’s were the most common grade on college campuses in 2013, accounting for 45% of grades awarded to students, according to an analysis of grade data at more than 80 schools by Stuart Rojstaczer, an independent researcher, and Chris Healy, a computer science professor at Furman University. By contrast, college students were most likely to … Continue reading
White-Guy Jobs Gap in US – 2.3 percentage points (or about 1.1 million jobs), a larger shortfall than any other group
By some measures, people in their prime working years have a long way to go to recoup the losses of the 2007-09 recession — and white men are further behind than most. On average over the three months through March, a nonseasonally adjusted 86 percent of white men between the ages of 25 and 54 were … Continue reading
$15 Minimum Wage Proposals in US – Pieces on the raging debate
The plans to raise the minimum wage to $15 in California and New York are ambitious and welcome at a time when the eroding value of the federal minimum wage means more and more working families can afford less and less. California’s minimum wage would reach $15 in 2023 for all employees and in 2022 … Continue reading
Wages Growth in US – Wage are indded growing with the decline of unemployment
Wage growth — described as slow and unconvincing by Federal Reserve officials plotting their path to higher interest rates — is more robust by some measures than commonly acknowledged due to changes in the composition of the workforce. With unemployment close to the lowest in eight years, accelerating pay gains would force Fed Chair Janet … Continue reading
Education in US – 8th Grade achievement and parents education level
Children born to well-educated parents are likely to have an advantage, even of the parents are not, or do not remain, married. Over at the Institute for Family Studies, Nicholas Zill has crunched a longitudinal dataset from the Department of Education. Zill finds that most children (9 in 10) have parents with the same level … Continue reading
Involuntary Part-Time in US – Increased incidence during recessions research finds
In this paper we argue that involuntary part-time work has been overlooked by research on the dynamics of labor markets, which has mainly focused on unemployment. The notion of involuntary part-time work is closely related to that of unemployment, in that both entail a constraint on workers’ desired labor supply. An individual is considered to … Continue reading
Social Security in US – What if we were to recast it as true insurance?
What if we were to recast regular Social Security as true insurance? Insurance is something that pays out only when things go wrong. If you don’t have a car crash, or your house doesn’t burn down, you don’t get your premiums back later in life. What you do get is protection and peace of mind. … Continue reading
Recent Graduates in Education in US – A puzzling picture
The picture for the most recent graduates is more puzzling. Remembering that we are looking only at those who are employed, it’s surprising that the majority in the final year of the data are employed somewhere other than in education. Maybe some of this has to do with how the data was collected. (A respondent … Continue reading
Minimum Wages in US – Business executives support the increase internal survey shows
Whenever minimum wage increases are proposed on the state or federal level, business groups tend to fight them tooth and nail. But actual opposition may not be as united as the groups’ rhetoric might make it appear, according to internal research conducted by a leading consultant for state chambers of commerce. The survey of 1,000 … Continue reading
Training in US – What works for adults?
What works for adults? A post-secondary education, particularly a degree or industry-recognized credential related to jobs in demand, is the most important determinant of differences in workers’ lifetime earnings and incomes; Flexible and innovative training and post- secondary education approaches, such as contextual learning and bridge programs are expanding and show promise; The more closely … Continue reading
The Job Market In US – Most views positive in last 15 years PEW’s survey shows
Americans are now more positive about the job opportunities available to them than they have been since the economic meltdown, when views of the job market took a nosedive. Today’s more upbeat views rank among some of the best assessments of the job market in Pew Research Center surveys dating back 15 years. In a … Continue reading
Post-secondary Education in US – The academic-dominated approach is not working
The academic-dominated approach is not working, especially for economically disadvantaged students. Of this group, about 20 percent of teenagers don’t graduate from high school at all. Of those who do graduate, about half matriculate to some form of college. But many are not ready: two-thirds of low-income students at community colleges start in remedial classes. … Continue reading
Job Report in US, March 2016 – Clearly a strong report: total nonfarm payroll employment rose by 215,000 and the unemployment little changed at 5.0 percent
Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining. Household Survey Data In March, the unemployment rate (5.0 percent) and the … Continue reading
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