Job Market Monitor
US
Skills Gap in US – A multi-million dollar competition for states to expand access to career-pathway programs leading to high-skill, well-paying jobs
To address the youth unemployment crisis, we are committed to increasing the number of young people who get on a pathway to economic success by being college and career ready. To do this, first, we want to transform how states and cities develop career-focused education programs. JPMorgan Chase, the Council of Chief State School Officers … Continue reading
US – The productivity miracle is over Robert Gordon says
In his magisterial new book, The Rise and Fall of American Growth, the Northwestern University professor [Economist Robert Gordon] lays out the case that the productivity miracle underlying the American way of life was largely a one-time deal. It was driven by a flurry of technologies—electric lights, telephones, automobiles, indoor plumbing—that fundamentally transformed millions of … Continue reading
Robots and Jobs in US – Two-thirds of Americans expect that robots and computers will do much of the work currently done by humans within 50 years
A majority of Americans predict that within 50 years, robots and computers will do much of the work currently done by humans – but few workers expect their own jobs or professions to experience substantial impacts Chosen excerpts by Job Market Monitor. Read the whole story at Future of Workforce Automation: Americans’ Predicitions | Pew Research … Continue reading
US – Income Inequality leads low-income boys to drop out of high school more often
Greater income gaps between those at the bottom and middle of the income distribution lead low-income boys to drop out of high school more often than their counterparts in lower inequality areas, suggesting that there is an important link between income inequality and reduced rates of upward mobility, according to a new paper presented today … Continue reading
College in US – Almost every student works Georgetown University Center on Education and the Workforce finds
About 14 million college students are working, according to a new report from the Georgetown University Center on Education and the Workforce (Georgetown Center). For the past 25 years, more than 70 percent of college students have been taking time from their studies to earn a paycheck. Learning While Earning: The New Normal examines these … Continue reading
Retirement in US – How will working families fare in retirement? (Charts)
The shift from pensions to account-type savings plans has been a disaster for lower-income, black, Hispanic, non-college-educated, and single workers, who together add up to a majority of the American population. But even among upper-income white college-educated married couples, many do not have adequate retirement savings or benefits. Chosen excerpts by Job Market Monitor. Read the … Continue reading
Skills Gap in US – The next generation of workers won’t be able to fill the void
Nearly two-thirds (63 percent) of employers reported that they are concerned about the growing skills gap in the U.S.. A new analysis of college degree completions vs. job demand from CareerBuilder and Emsi shows that the next generation of workers won’t be able to fill the void. According to a national Harris Poll survey of … Continue reading
US – Labor market fluidity is declining research finds
We document a clear downward trend in labor market fluidity that is common across a variety of measures of worker and job turnover. This trend dates to at least the early 1980s if not somewhat earlier. Next we pull together evidence on a variety of hypotheses that might explain this downward trend. It is only … Continue reading
Job Report in US, February 2016 – Total nonfarm payroll employment increased by 242,000 and and the unemployment rate was unchanged at 4.9 percent
Total nonfarm payroll employment increased by 242,000 in February, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care and social assistance, retail trade, food services and drinking places, and private educational services. Job losses continued in mining. Household Survey Data In … Continue reading
Apprenticeship – A US-EU Working Group on Employment and Labor discuss how to advance apprenticeship strategies in Europe and the United States
Two years ago, President Obama issued a bold challenge for America to double the number of registered apprenticeships within five years. The Labor Department has stepped up to the challenge, and the total number of apprenticeships is already up about 20 percent – a dramatic increase that shows employers and workers across the nation are … Continue reading
US – Unemployment rates still above prerecession levels in 36 states
The recession is over, but it’s certainly not forgotten across most of the U.S.: Unemployment last year remained elevated compared with 2007 levels in more than two-thirds of the states. The Labor Department reported Friday that average annual jobless rates fell in 2015 from the prior year in 47 states plus the District of Columbia. … Continue reading
US – Protecting Social Security and reducing unemployment, poverty, and the federal budget deficit as most important pool says
With mixed views of the national economy and their own financial situation, Americans want priority given to several different economic problems. In the latest poll conducted by The Associated Press-NORC Center for Public Affairs Research, the public sees protecting Social Security and reducing unemployment, poverty, and the federal budget deficit as most important to them … Continue reading
Labor Force Participation in US – About half of the decline is attributable to the weakness of the economy rather than changes in demographics
Between 2007 and 2015, the LFPR dropped 3.4 percentage points, equivalent to over 8 million people leaving the labor force. About half of this decline is attributable to the weakness of the economy rather than changes in demographics. Factoring in the rise in unemployment over this period, this translates into over 5 million fewer people … Continue reading
Income from the Platform Economy in US – Increased 47-fold over three years
Americans experience tremendous income volatility, and that volatility is on the rise. Income volatility matters because it is hard to manage. The typical household faces a shortfall in the nancial bu er necessary to weather this volatility. Moreover, the decline in real wages since 2009 for all income groups except the top 5th percentile means … Continue reading
US – Wages are lower for BA holders raised on low incomes
The proportional increase for those who grew up poor is much less than for those who did not. College graduates from families with an income below 185 percent of the federal poverty level (the eligibility threshold for the federal assisted lunch program) earn 91 percent more over their careers than high school graduates from the … Continue reading
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