Job Market Monitor
US
Poverty in US – A significant shifts in the geography
The Great Recession may have ended in 2009, but despite the subsequent jobs rebound and declining unemployment rate, the number of people living below the federal poverty line in the United States remains stuck at recession-era record levels. The rapid growth of the nation’s poor population during the 2000s also coincided with significant shifts in … Continue reading
US – The middle-class is shrinking Pew Research finds
The share of Americans who live in middle class households is shrinking. The share of U.S. adults living in middle-income households fell to 50% in 2015, after more than four decades in which those households served as the nation’s economic majority. And the financial gaps between middle- and upper-income Americans have widened, with upper-income households holding … Continue reading
Demographic trends in US – More racially and ethnically diverse
Americans are more racially and ethnically diverse than in the past, and the U.S. is projected to be even more diverse in the coming decades. Asia has replaced Latin America (including Mexico) as the biggest source of new immigrants to the U.S. Chosen excerpts by Job Market Monitor. Read the whole story at 10 demographic … Continue reading
Colleges in US – The tremendous growth in the number of short credentials awarded
Over the past decade there has been tremendous growth in the number of short credentials awarded by public community colleges. These programs of study are explicitly vocational and require fewer credits for completion than an associate’s degree. However, it is not clear whether students benefit from obtaining these certificates. On the one hand, these credentials … Continue reading
The Gig Economy in US – About 1% of adults having tried one at some point
One of the most-hyped changes to the U.S. labor market has been “the rise of Uber and its ilk”—companies that use smartphone apps to connect workers to gig jobs. The most prominent example of this phenomenon is, of course, Uber, the ride-hailing service that allows people to summon drivers with an app and pay by the … Continue reading
Prime-Age Men in US – 1.4 million dropped out of work
Approximately 1.4 million men in their prime working years—age 25-54—have left the workforce since before the Great Recession began, bringing the total number to approximately 7 million.According to data compiled by U.S. Bureau of Labor Statistics economist Steven Hipple in a recent article, the most common reason those men give is being ill or disabled … Continue reading
The United Services Military Apprenticeship Program (USMAP) – Most service members and supervisors have a weak or no understanding of the program
The United Services Military Apprenticeship Program (USMAP) accounted for nearly one in four Registered Apprenticeships in the United States as of 2013. The 2008–13 growth in USMAP from 51,000 to nearly 88,000 apprenticeships offsets part of the sharp decline in civilian apprenticeships over the same period. Currently, about one in four enlisted Sailors and one … Continue reading
Automatic stabilizers in US – A major tool the government uses to respond to recession (video)
Automatic stabilizers—mechanisms built into the federal budget that increase spending or decrease taxes when the economy slows without any vote from Congress– are a major tool the government uses to respond to recession. For instance, spending on unemployment compensation automatically increases when there are more people out of work. During the Great Recession, automatic stabilizers … Continue reading
Minimum Wages in US – Wages for low-wage workers rose faster in states that increased it
In 2015, wages for low-wage workers rose faster in states that increased their minimum wage than in states that saw no minimum wage increase. Working people in states that increased the minimum wage through legislation—which led to larger increases than indexed increases—saw the biggest boost to their wages, regardless of gender. Women, however, benefited slightly … Continue reading
Lifelong Learning in US – Competition is coming from every direction
Those who aren’t trying to improve will get passed by. One compelling motivation for some is to stay nimble and keep learning in order to increase their worth for employers and in their own eyes: You don’t want to stagnate in your learning and your position. My thinking is you have to have a hunger … Continue reading
Children of Refugees in US – They fare better than children of other immigrants research finds
There are reasons to believe that refugees’ children may be particularly vulnerable to poor developmental and academic outcomes, given that their parents—and possibly the children themselves—fled violence and persecution, often arriving in the United States with little to no economic resources, social networks, or understanding of the country’s language and culture. For these reasons, one … Continue reading
Lifelong Learning in US – 63% of those who are working have taken a course or gotten additional training in the past 12 months to improve their job skills or expertise
A large majority of Americans seek extra knowledge for personal and work-related reasons. Digital technology plays a notable role in these knowledge pursuits, but place-based learning remains vital to many and differences in education and income are a hallmark of people’s learning activities Most Americans feel they are lifelong learners, whether that means gathering knowledge … Continue reading
Productivity and Wages in US – The disconnect
The disconnect between productivity and wages really took off with the rise of financialization and cheap technology tools in the early 1980s. Chosen excerpts by Job Market Monitor. Read the whole story at “Free” Trade, Jobs and Income Inequality: It’s Not As Easy As We Might Think | Max Keiser
Increasing Educational Requirements in US – Nearly a third (32 percent) of employers have increased their educational requirements over the past five years
Time to hit the books again? According to a new CareerBuilder survey, nearly a third (32 percent) of employers have increased their educational requirements over the past five years. More than a quarter (27 percent) are hiring employees with master’s degrees for positions primarily held by those with four-year degrees in the past, and 37 … Continue reading
Social Security in US – More people claim at their first opportunity
More people claim at their first opportunity More people claim Social Security at age 62, the earliest opportunity to get benefits, than any other age, according to a study of Social Security data by the Center for Retirement Research at Boston College. Few people wait beyond full retirement age to claim By contrast, only a … Continue reading
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