Job Market Monitor
US
The skills gap in US – How companies can fill it
The labor market, meanwhile, has steadily bifurcated, with menial low-wage jobs on one end and high-skill, high-wage careers on the other. Technology and competition from emerging markets have undermined those in the middle. Yet at the same time, there’s a skills gap: in the US, nearly two-thirds of companies report having positions for which they … Continue reading
Youth Unemployment in US – A National Tragedy says Senator Bernie Sanders of Vermont
Calling youth unemployment “a national tragedy,” Sen. Bernie Sanders (I-Vt.) today cited a new national study which found that unemployment among recent high school and college graduates is much worse than previously estimated. At Sanders’ request, the Economic Policy Institute analyzed census data on unemployment among young people who are jobless, working part-time when they … Continue reading
2015 US College Graduate – Only 15 percent want to work for a large-size company
This year’s college grads are more practical and job-ready than any crop in recent memory. But many of them are indicating they don’t want to work for your type of company. New grads have strengthened their link in the overall talent supply chain while many employers have not. Are you ready to meet that challenge? Only … Continue reading
Workers Wages in US – Wage growth trailed the prerecession pace in two-thirds of cities where the Jobs Gap is closed
A Wall Street Journal analysis of Labor Department data points to persistent constraints on worker pay, even as the economy approaches full employment. The Journal found 33 U.S. metropolitan areas—from the small to the sizable—where unemployment rates and nonfarm payrolls last year returned to prerecession levels. In two-thirds of those cities—including Columbus; Houston; Oklahoma City; … Continue reading
Job Clubs in the US – Evaluations of FBO/CBO-sponsored clubs
Over the past several decades, job search support groups, commonly referred to as “job clubs,” have evolved into one of several important activities used by the public workforce system and faith- and community-based organizations (FBOs/CBOs) to enhance worker readiness and employability, as well as to provide ongoing support to unemployed and underemployed individuals as they … Continue reading
Millennials in US – 75 percent of the workforce by 2025
By 2020, Millennials will comprise more than one of three adult Americans. It is estimated that by 2025 they will make up as much as 75 percent of the workforce. Millennials’ desire for pragmatic action that drives results will overtake today’s emphasis on ideology and polarization as Boomers finally fade from the scene. Thus, understanding … Continue reading
Women in the US Labor Force – A new databook by the BLS
In 2012, 57.7 percent of women were in the labor force, down 0.4 percentage point from 2011. Men’s labor force participation, which always has been much higher than that for women, also edged down in 2012, from 70.5 percent to 70.2 percent. (See tables 1 and 2.) The overall unemployment rate for women in 2012 … Continue reading
Federal Reserve Board’s Survey – Forty-nine percent of part-time workers and 36 percent of all workers would prefer to work more hours
As the economy of the United States continues to rebound from the Great Recession, the well-being of households and consumers provides important infor- mation about the scope and pace of the economic recovery. In order to monitor the financial and eco- nomic status of American consumers, the Federal Reserve Board began conducting the Survey of … Continue reading
Retirement in US – Social Security provides most of the income for about half of households age 65 and older
Many retirees and workers approaching retirement have limited financial resources. About half of households age 55 and older have no retirement savings (such as in a 401(k) plan or an IRA). According to GAO’s analysis of the 2013 Survey of Consumer Finances, many older households without retirement savings have few other resources, such as a … Continue reading
Job Programs for Older Workers in the US – How to to increase the availability and effectiveness
Today, a decreasing percentage of counseling, job matching, and job development services are staff-assisted. American Job Centers do not currently have dedicated staff specializing in job development and job placement for older workers. Selected Public Workforce Development Programs in the United States: Lessons Learned for Older Workers provides a selective review of public workforce development … Continue reading
Job Tenure in the U Congress – 9.8 years for the House and 11.4 years for the Senate for Members of the 112th Congress, as of January 5, 2011
The average service tenure of Members of the Senate and House of Representatives has varied substantially since 1789. This report presents data on Member tenure and a historical analysis of tenure trends. During the 19th century, the average service of Representatives and Senators remained roughly constant, with little or no change over time; the average … Continue reading
Social Security Claims in US – A growing number are waiting until their mid-60s or later
With lower Social Security replacement rates, vanish- ing traditional pensions, and longer lifespans, many people will need to work longer to ensure a secure retirement. Working longer directly increases current income; it avoids the actuarial reduction in Social Security benefits; it allows people to contribute more to their 401(k) plans; and it shortens the period … Continue reading
US – State IT workforce
The predicted shortage in the state information technology (IT) workforce has been discussed and debated for over a decade and states have been confronted with numerous challenges when it comes to identifying gaps in a changing IT workforce. A major concern for state CIOs continues to be the significant number of state IT employees who … Continue reading
US – The deadliest jobs
The U.S. Department of Labor tracks how many people die at work, and why. The latest numbers were released in April and cover the last seven years through 2013. Some of the results may surprise you. Chosen excerpts by Job Market Monitor. Read the whole story at The Deadliest Jobs in America | Bloomberg Business – Business, … Continue reading
College Majors in US – Top-Paying earn $3.4 million more than lowest-paying over a lifetime
When it comes to earnings, majors matter more than degrees. Over a career, the report finds, college graduates earn $1 million more than high school graduates on average. But averages are misleading: college graduates with the highest-paying majors earn $3.4 million more than the lowest-paying majors. Using Census data, The Economic Value of College Majors … Continue reading
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