Job Market Monitor
US
The Skills Gaps in US – Where are the biggest gaps?
A July 2014 Financial Sense article reported that according to the National Federation of Independent Business, an advocacy group for small business, “The proportion of business owners reporting that they can’t find qualified applicants has been trending steeply upward since the end of the recession.” Further, “the most commonly cited shortages are in technical trades … Continue reading
The Temporary Help Industry in US – 2 percent of average daily employment and accounted for 11 percent of net employment losses during the Great Recession
The temporary help industry, although small, plays a significant role in the macro economy, reflecting employers’ growing reliance on temporary help agencies to provide flexibility in meeting staffing needs. The temporary help industry accounts for about 2 percent of average daily employment in the U.S. economy but plays an outsized role in workforce adjustment during … Continue reading
The IT workforce in US – 5.04 million workers with job growth of 3.1%, or nearly 152,000 additional IT jobs
According to the research consultancy IDC, the global information technology (IT) market, encompassing hardware, software, services, and telecommunications, is expected to reach $3.8 trillion in 2016, up from $3.7 trillion the previous year. The U.S. market accounts for approximately 28% of the total, or slightly more than $1 trillion. Over the past decade, the biggest … Continue reading
US – The productivity imperative and the labor markets
The productivity imperative The past 50 years have been a remarkable period for global GDP growth, which was driven in equal measures by expanding the labor pool and increasing the productivity of those worker. But one of those drivers is running out of steam. As the workforce ages in many of the world’s largest economies, … Continue reading
The January 2016 Job Report in US – Charts
Chosen excerpts by Job Market Monitor. Read the whole story at The January Jobs Report in 12 Charts – Real Time Economics – WSJ Related Posts Job Report in US – What the White House says POSTED BY MICHEL COURNOYER ⋅ FEBRUARY 6, 2016 ⋅ LEAVE A COMMENT With the unemployment rate below 5 percent for the first time in almost … Continue reading
The January 2016 Job Report in US – Manufacturing jobs hit 7-year high
Apparently, no one told American manufacturers that their business is collapsing, because they kept on hiring more workers in January.The Bureau of Labor Statistics reported Friday that manufacturing companies added 29,000 workers in January to reach a seven-year high of 12.4 million. After a soft patch in the middle of last year, it was the … Continue reading
Job Report in US – What the White House says
With the unemployment rate below 5 percent for the first time in almost 8 years, here are five things you need to know about where our economy stands. Source: As Unemployment Drops Below 5%, Here Are Five Facts About America’s Jobs Market | whitehouse.gov Related Post Job Report in US, January 2016 – American employers … Continue reading
Skills Gap in US – An employer-driven talent supplier recognition and certification system is needed US Chamber of Commerce says
There is no time to waste. The skills gap continues to worsen while government policies to improve employer responsiveness through accreditation reform continue to fall short. More employers and business and industry associations now see the need and opportunity to explore an employer-led solution during a time of growing debate on the role of government … Continue reading
College-Educated Immigrants in US – Has grown at more than twice the rate of U.S. born
The number of immigrants with higher education has grown at more than twice the rate of the same population among the U.S. born. Between 1990 and 2000, the college-educated immigrant population increased 89 percent from 3.1 million to 5.9 million, and a further 78 percent between 2000 and 2014 (from 5.9 million to 10.5 million, … Continue reading
Unemployment Insurance in US – The President’s proposal
The President’s proposal contains three core elements: Protecting Workers with Wage Insurance: The President’s plan would ensure workers have access to wage insurance that would replace half of lost wages, up to $10,000 over two years. Displaced workers making less than $50,000 who were with their prior employer for at least three years would be … Continue reading
Foreign seasonal workers for in US – Would nearly double
The seasonal worker provision, sought by a coalition of industry groups that include hotels, restaurants, ski and beach resorts, construction companies and seafood processors, allows U.S. companies to bring in far more than the 66,000 workers a year that have been permitted to obtain visas in the past. The H-2B visa program does not include farm workers. The Departments of Labor … Continue reading
The 2015 job market in US before the last report
Overall, they will show a labor market that continues to recover from the Great Recession. At the same time, a lack of progress on a number of fronts will suggest some serious longer-term problems, which existed before 2008 but were exacerbated by the recession and the slow (though steady) recovery since then. First, the good … Continue reading
US – In 2014, 87.4 million people 16 years and older neither worked nor looked for work
In 2014, 87.4 million people 16 years and older neither worked nor looked for work at any time during the year. Of this group, 38.5 million people reported retirement as the main reason for not working. About 16.3 million people were ill or had a disability, and 16.0 million were attending school. Another 13.5 million … Continue reading
Millennials in US in 2015 – The largest generation
Millennials continue to make headlines, including on our Fact Tank posts. Our research showed that this confident, politically independent generation not only overtook Generation X as the largest generation in the U.S. workforce, but also overtook Baby Boomers in population size – two big milestones that resonated with our audience. Source: Top Fact Tank data of 2015 | Pew Research Center
Wages in US – Man working full-time, year-round earned less in 2014 than in 1973 in real terms
The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year. The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation. You read that right: The median male worker who was employed year-round and full time earned less in … Continue reading
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