Job Market Monitor
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US – Low wages cost taxpayers $152.8 billion each year in public support for working families
Even as the economy has at last begun to expand at a more rapid pace, growth in wages and benefits for most American workers has continued its decades-long stagnation. Real hourly wages of the median American worker were just 5 percent higher in 2013 than they were in 1979, while the wages of the bottom … Continue reading
Retirement in US – Confidence plunging even as boomers’ financial expectations are improving IRI study finds
The Insured Retirement Institute (IRI) today released a new research report that found Baby Boomers’ confidence in having sufficient savings to last throughout retirement has dropped to a five-year low. Declining each year since 2011, the first year this study was conducted, the report found only 27 percent of Boomers are highly confident their savings … Continue reading
Increased Mismatch in US – Will wages raise ?
U.S. job openings surged to a 14-year high in February but a steady pace of hiring suggested employers are having trouble finding suitable workers, a trend that could put upward pressure of wage growth. Job openings, a measure of labor demand, increased 168,000 to a seasonally adjusted 5.1 million, the Labor Department said in its … Continue reading
Immigrant Women in US – 21.2 million or 51 percent of the overall foreign-born population,
Following a history of majority male migration through the mid-20th century, women have migrated to the United States in large numbers as a result of the emphasis on family reunification ushered in by the 1965 Immigration Act. Female immigrants represent 51 percent of the overall foreign-born population, with 21.2 million immigrant women residing in the … Continue reading
The “Middle-Skill” Jobs in US – How to fill the gap
Over the past decade many economists have warned that the middle of the labor market is hollowing out. Traditional middle-skill jobs—like construction, production, and clerical jobs that require little formal education—are disappearing. But new analysis from Economic Studies Visiting Fellow Harry Holzer uncovers growth in the middle of the labor market that many have overlooked. … Continue reading
US – Government jobs 630,000 below early stages of recession level
The Labor Department’s latest report signaled that a broader economic slowdown is taking place after job growth ticked up last year. The economy added just 126,000 jobs last month — the lowest tally in more than a year. While the new estimates were disappointing, they’re hardly anything out of the ordinary for the public sector. … Continue reading
US Demographics – The “diversity explosion”
Brookings Senior Fellow William Frey estimates that by the year 2044 whites will no longer be a majority in the U.S. In his book, “Diversity Explosion,” Frey highlights that this demographic shift will have a profound impact on U.S. society, politics, and economics. In the latest Brookings Essay, former Brookings Fellow Jennifer Bradley tackles whether … Continue reading
US – 2.8 million are currently employed in temporary help services NELP finds
The employment services industry, which includes both temporary staffing agencies and more permanent employee leasing firms, is expected to rank among the fastest-growing sectors in the country in the next decade. Staffing work is one part of a larger story about the declining middle class in our country. More and more, major corporations are separating … Continue reading
US – Top industries for 2015 graduates
With graduation right around the corner, millions of young Americans are preparing to enter the workforce. According to the National Center for Education Statistics, postsecondary institutions are expected to confer an estimated 1.8 million bachelor’s degrees in 2015. If associate degrees are included, the number of total graduates will extend to about 2.8 million, up … Continue reading
US March 2015 Job Report – Slowdown in employment growth (126,000)
Total nonfarm payroll employment increased by 126,000 in March, and the unemployment rate was unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, and retail trade, while mining lost jobs. Household Survey Data In March, the unemployment rate held at … Continue reading
Baby Boomers in US – Held 11.7 jobs from age 18 to age 48, according to the U.S. Bureau of Labor Statistics
The average person born in the latter years of the baby boom (1957-1964) held 11.7 jobs from age 18 to age 48, according to the U.S. Bureau of Labor Statistics. Nearly half of these jobs were held from ages 18 to 24. These findings are from the National Longitudinal Survey of Youth 1979; a survey … Continue reading
The Global Talent War – US is far behind Business Roundtable finds
Most Americans agree that the future of the U.S. economy depends on the ability of its businesses to compete globally. One of the key factors that allow U.S. employers to grow their businesses and create new jobs is their ability to recruit and retain talent from other countries. How well does the current U.S. employment-based … Continue reading
US – 51% of managers are not engaged and cost $77 billion to $96 billion annually
Managers have the greatest impact on employee engagement, which makes this finding very worrisome: A strikingly low percentage — just 35% — of U.S. managers are themselves engaged, while 51% are not engaged and 14% are actively disengaged. By Gallup’s estimates, the “not engaged” group costs the U.S. $77 billion to $96 billion annually through … Continue reading
US – Small businesses created 108,000 ADP Small Business Employment Report for March 2015 finds
Private sector small business employment increased by 108,000 jobs from February to March according to the March ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, … Continue reading
US – The effects of a package of policies that aim to alleviate poverty
During the Great Recession, the official poverty rate in the United States rose to its highest level in over 15 years. Reducing poverty continues to be a serious public policy concern. This report examines the effects of a package of policies that aim to alleviate poverty through increased work supports and other measures, and estimates … Continue reading
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