Job Market Monitor
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US – Private-sector employment increased by 281,000 says ADP Job Report for June 2014
Private-sector employment increased by 281,000 from May to June, on a seasonally adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report – June 2014 | NER.
US – The net gain in the number of employed since 2000 has gone to immigrants
Since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal). This is remarkable given that native-born Americans accounted for two-thirds of the growth in the total working-age population. Though there has been some recovery from the Great Recession, there … Continue reading
Education in US – No more the great equalizer
Education was historically considered a great equalizer in American society, capable of lifting less advantaged children and improving their chances for success as adults. But a body of recently published scholarship suggests that the achievement gap between rich and poor children is widening, a development that threatens to dilute education’s leveling effects… One reason for … Continue reading
US – Most graduates have changed careers once by the age of 24
Most of today’s graduates have already changed careers at least once by the age of 24, new research has found. So if you’ve started your career and are already thinking about quitting, you’re in good company. This is also good news the Class of 2014, who may be worried about making a ‘mistake’ when choosing … Continue reading
US – The federal minimum wage for tipped workers has been $2.13 since 1991
The federal minimum wage for tipped workers has been $2.13 since 1991. That pay rate tends to get lost in the larger debate over whether to raise the national minimum wage for nontipped workers, which is $7.25 an hour. Under federal law, if tips dont bring employees up to the level of the standard minimum … Continue reading
US – The number of young workers aged 22-34 basically unchanged since 2007, but not for boomers
Call it the great job stagnation for millennials, and the late-career proliferation of baby boomers. The number of young workers aged 22-34 nationwide is basically unchanged since 2007, while the number of jobs for boomers 55-64 — fueled by mega population growth — has climbed 9% over that time, according to a new analysis from … Continue reading
US Economy in Q1 – Shrunk by most in five years
The U.S. economy contracted at a worse pace than previously estimated in the first quarter, marking its sharpest pullback since the recession ended five years ago. Gross domestic product, the broadest measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 2.9% in the first three months of … Continue reading
US – Millionaires have received $29.8 million in unemployment benefit or 0.03% of total report finds
Under the federal-state Unemployment Insurance (UI) system, there is currently no prohibition on the receipt of UI benefits by high-income unemployed workers. States, which determine many of the eligibility requirements for UI benefits, may not restrict eligibility based on individual or household income. Recent Congresses, however, have considered proposals to restrict the payment of unemployment … Continue reading
US- 5 years after the Great Recession
The economy reached another milestone last month: All 8.7 million jobs lost in 2008 and 2009 have now been regained. But while the nations payrolls are back to their previous high, they havent kept pace with growth in the working-age population over the last few years. Moreover, many of the jobs lost have been replaced … Continue reading
Unemployed vs Employed in US – How much time they spend doing everything
That deep divide between those with jobs and those without them reveals itself not just in well-known statistics on hiring and income but in the day-to-day details of how people live their lives. The unemployed have higher rates of depression, obesity and suicide. In interviews, they frequently report that the social and emotional impacts of … Continue reading
US – Fewer than half of U.S. workers are satisfied with their jobs
Fewer than half of U.S. workers are satisfied with their jobs, based on a set of survey questions about Americans’ opinions about their workplaces, compensation, job security, co-workers, bosses, chances for promotion, etc. The share is much lower than it was in 1987, when the series began. Interestingly, dissatisfaction among the youngest workers seems to be driving the … Continue reading
Foreign-Owned Establishments in US Metro Areas – They employ some 5.6 million
Foreign-owned U.S. affiliates directly employ some 5.6 million workers spread across every sector of the economy. The number and share of U.S. workers employed in FOEs increased steadily through the 1990s before peaking in 2000 and then stagnating. The nation’s largest metro areas contain nearly three-quarters of all jobs in FOEs. Fully 74 percent of … Continue reading
Long-Term Unemployment in US – The case of women and families
Long-term unemployment is a continuing crisis for both men and women, and their families. However, women’s typically lower earnings when they are employed and their far greater likelihood of being single parents makes them and their children more economically vulnerable when both income from work and modest unemployment insurance benefits are lost. For that reason, … Continue reading
ADP Job Report in US – Business Report and National Franchise Report will be issued together at 8:15 a.m. ET
ADP, a leading global provider of Human Capital Management solutions, will now issue the new ADP Small Business Report and the ADP National Franchise Report as separate monthly reports on the same day it issues the ADP National Employment Report. All three reports will be issued at 8:15 a.m. ET. This change will take effect … Continue reading
Jobless Claims in US – 312,000, a decrease of 6,000
SEASONALLY ADJUSTED DATA In the week ending June 14, the advance figure for seasonally adjusted initial claims was 312,000, a decrease of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 317,000 to 318,000. The 4-week moving average was 311,750, a decrease of 3,750 from the previous … Continue reading
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