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US – 74 percent of STEM grads are not employed in STEM occupations finds Census Bureau
The U.S. Census Bureau reported today that 74 percent of those who have a bachelor’s degree in science, technology, engineering and math — commonly referred to as STEM — are not employed in STEM occupations. In addition, men continue to be overrepresented in STEM, especially in computer and engineering occupations. About 86 percent of engineers … Continue reading
Young Adults in US – There were 31.2 million young adults ages 18–2
Demographics As of 2012, there were 31.2 million young adults ages 18–24 living in the United States. About 522,000 young adults were serving on active duty in the armed forces in 2012. Just over 180,000 young adults were imprisoned in State correctional institutions in 2011. Education In 2013, 84 percent of young adult women and … Continue reading
Skills Gap in US – The case of construction workers
Homebuilders have had a difficult time finding labor. This might sound odd considering that 1.5 million construction workers lost their jobs during the recession and only about 80,000 construction jobs have been added back since the recovery began, says Bank of America’s Michelle Meyer. To get a better sense of the health of the construction … Continue reading
US – Federal Reserve has reduced unemployment by 0.13%
A paper written by two staff members of the Federal Reserve Bank of Atlanta tried to quantify what all the Fed’s new money creation and related measures have accomplished. They conclude that unemployment today would be 0.13% higher without the radical measures and 1.0% higher if nothing at all had been done. Chosen excerpts by … Continue reading
Minimum wage for most tipped workers in US – $2.13 an hour (video)
Economic analyst and former tipped worker David Cooper explains how tipped workers get paid. The minimum wage for most tipped workers is only $2.13 an hour. That means the customer is on the hook for paying the bulk of these workers’ wages. via The truth about how tipped workers get paid – YouTube. Related Posts … Continue reading
Involuntary Part-time Employment in US
As the economy continues its recovery from the Great Recession, we expect the number of those working part time for economic reasons to fall. However, it is probable that the ratio of PTER to unemployment will continue to increase as it has historically done. That is because, during the recoveries, the number of unemployed people … Continue reading
US – Hiring is up but wage growth is not
Companies have finally begun taking on staff in consistently greater numbers, half a decade after the end of a deep recession brought on by one of the most punishing financial crises in history. What companies haven’t been doing yet is offering consistently greater pay. That means an urge to start bringing forward expectations for when the … Continue reading
US – Of 4 million job openings posted online, 2 million are for college graduates New Georgetown report finds
More than 80 percent of job openings for workers with a bachelor’s degree or better are posted online, compared to less than 50 percent of job openings for workers with less education*, according to a new report from the Georgetown University Center on Education and the Workforce. The report analyzes the demand for college talent … Continue reading
US – Near 6 out of ten of 2014′s new jobs pay higher than average
The U.S. is not just adding jobs at the fastest pace since the end of the Great Recession. Hiring is also more spread out and the new jobs pay better than in years past. As the chart below shows, more than half the jobs the economy has added so far this year are in positions … Continue reading
Quit Rate in US – At highest rate since 2009 downturn
In the darkest days of the last recession, few among those who had jobs were able, willing or bold enough to quit them. That is changing, however, according to a statistic called the national “quit rate,” which some might call the “Take this job and shove it” index. The figure shows that the percentage of … Continue reading
US – 40% of unemployed workers are millennials
The jobs market is improving, according to government data released Thursday, but millennials are still left out in the cold. They’re suffering more than any other age group, new research finds. Some 40% of unemployed workers are millennials, according to an analysis of U.S. Census data by the Georgetown University Center on Education and the … Continue reading
US – The Employment Situation in June as seen by The White House
KEY POINTS IN TODAY’S REPORT FROM THE BUREAU OF LABOR STATISTICS 1. The private sector has added 9.7 million jobs over 52 straight months of job growth. Today we learned that total nonfarm payroll employment rose by 288,000 in June, mainly reflecting a 262,000 increase in private employment, which is above the 203,000 per month … Continue reading
June US Job Report – Total nonfarm payroll employment increased by 288,000 and unemployment rate declined to 6.1 percent, the lowest since September 2008
Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by employment growth in professional and businessservices, retail trade, food services and drinking places, and health care. Household Survey Data In June, the unemployment rate … Continue reading
US – College degree or vocational education ?
The U.S. Bureau of Labor Statistics estimates that only 27 percent of jobs in the U.S. economy currently require a college degree. By comparison, the U.S. Census Bureau reports that 47 percent of workers today have an associate degree or higher. The BLS projects that the proportion of jobs requiring a college degree will barely … Continue reading
Youth in US – 5.8 million young people are neither in school nor working
It makes some sense that young people might work less than their older counterparts. They are figuring out their lives, going in and out of school and making more short-term plans. But a whopping 5.8 million young people are neither in school nor working. It is “a completely different situation than weve seen in the … Continue reading
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