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US – None of the productivity growth flowed into the paychecks
This paper updates and explains the implications of the central component of the wage stagnation story: the growing gap between overall productivity growth and the pay of the vast majority of workers since the 1970s. A careful analysis of this gap between pay and productivity provides several important insights for the ongoing debate about how … Continue reading
US Job Report for October – Total nonfarm payroll employment increased by 271,000 and the unemployment at 5.0 percent
Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate was essentially unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction. Household Survey Data Both the unemployment rate (5.0 percent) … Continue reading
Unemployment – Waiting doesn’t bring better outcomes
In some things, waiting brings better outcomes. We’ve all learned that it’s better to spend more time searching at the buffet line before making a decision. Otherwise, you end up with a plate full of wontons and miss out on the crab legs at the end. Or perhaps it’s better to wait for the next … Continue reading
Job Report in US – Total nonfarm payroll employment increased by only 142,000 in September
Total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and information, while mining employment fell. Household Survey Data In September, the unemployment rate held at 5.1 percent, and the number of unemployed … Continue reading
US – Graduates’ current work engagement linked to key college experiences
Decades of Gallup research have demonstrated that engaged employees are more productive, are less likely to be absent, have lower turnover, have fewer safety incidents and are more productive and profitable. And findings from the Gallup-Purdue Index — a study of more than 30,000 college graduates — reveal some surprising connections between the experiences students … Continue reading
US – Shrinking cities are gaining brains
If there’s one thing that’s a nearly universal anxiety among cities, it’s brain drain, or the loss of educated residents to other places. I’ve written about this many times over the years, critiquing the way it is normally conceived. Since brain drain seems to be a major concern in shrinking cities, I decided to take … Continue reading
Welfare Use by Immigrant in US – 51 percent of households study finds
This study is the first in recent years to examine immigrant (legal and illegal) and native welfare use using the Census Bureau’s Survey of Income and Program Participation (SIPP). While its complexity makes it difficult to use, the survey is widely regarded as providing the most accurate picture of welfare participation. The SIPP shows immigrant … Continue reading
Satisfaction With Job in US – Up from 2005 finds Gallup
Employed Americans’ satisfaction with 13 aspects of their current jobs has largely improved in the last decade. The percentages of workers “completely satisfied” with their health benefits and vacation time have increased the most since 2005, each rising at least 10 percentage points. Chosen excerpts by Job Market Monitor. Read the whole story at Americans’ Satisfaction With … Continue reading
US Jobless Claims – A decline after four straight weekly increases
The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 6,000 to a seasonally adjusted 271,000 in the week ended Aug. 22 the Labor Department said Thursday. The decline comes after four straight weekly increases. Economists … Continue reading
US – 28 percent of these rich households with jobs in 2012 and with average income of $31.4 million got no paycheck in 2013
A very curious thing happened in 2013, when Congress raised the tax rates on top earners, from the 35 percent rate set under George W. Bush back to the Bill Clinton–era rate of 39.6 percent. More than 4,000 households that in 2012 enjoyed salaries averaging $6.5 million each stopped collecting paychecks, my analysis of IRS … Continue reading
US – Support for labor unions has jumped five percentage points to 58% over the past year
Americans’ approval of labor unions has jumped five percentage points to 58% over the past year, and is now at its highest point since 2008, when 59% approved. In the interim, the image of organized labor had suffered, sinking to an all-time low of 48% in 2009. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
UK – Schools are too focused on exam results alone say students themselves
Schools are still far too focused on exam results and are not doing enough to equip their students for the workplace, according to students themselves. The new research released today, which questioned both secondary school aged students and their parents, saw three quarters (76%) of pupils say that their school trains them just to pass … Continue reading
Unbundled Higher Education in US – How to facilitate access while protecting consumers and taxpayers
In the face of increasing costs and lackluster outcomes, traditional higher education is under increasing pressure to prove its value proposition. Meanwhile, new providers have “unbundled” the components of a postsecondary degree or certificate, offering stand-alone courses or sequences of courses, targeted job training, and assessments and certifications, often at much lower cost than existing … Continue reading
US – Of the 6.6 million jobs added during the recovery, 2.9 million were good jobs report finds
After years of slow growth, jobs are back in large numbers. The national unemployment rate is now 5.3 percent, down from the peak of 10 percent in October 2009. The economy added 250,000 jobs per month in 2014, the best year in job growth since the beginning of the millennium. The job growth fell off … Continue reading
Telecommuting for Work in US – From 9% to 37% in 20 years Gallup finds
Thirty-seven percent of U.S. workers say they have telecommuted, up slightly from 30% last decade but four times greater than the 9% found in 1995. These results are based on Gallup’s annual Work and Education poll, conducted Aug. 5-9. Chosen excerpts by Job Market Monitor. Read the whole story at In U.S., Telecommuting for Work Climbs to … Continue reading
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