Job Market Monitor
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US in April – Private-sector employment increased by 220,000 says ADP
Private-sector employment increased by 220,000 from March to April, on a seasonally adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report – April 2014 | NER. Private-sector jobs growth strongest in five months Private-sector hiring picked up in April, with employers adding the most jobs in five months, springing … Continue reading
A Million Veterans Would Benefit from a Minimum Wage Increase
We ask a lot of our armed forces. They serve our country in some of the most dangerous environments and difficult situations faced by any American. Yet having endured those experiences, too many veterans returning to civilian jobs find themselves in work that barely pays enough to live on. In fact, of the roughly 10 … Continue reading
Minimum wages in US – Some States act (A map)
Odds remain low that Congress will raise the $7.25 federal minimum wage anytime soon. But the issue will be revisited in coming days as the Senate takes up a bill to increase it to $10.10 an hour. And President Obama and congressional Democrats plan to push the issue on the campaign trail ahead of the … Continue reading
US – Average retirement age up at 62 finds Gallup
The average age at which U.S. retirees report retiring is 62, the highest Gallup has found since first asking Americans this question in 1991. This age has increased in recent years, while the average age at which non-retired Americans expect to retire, 66, has largely stayed the same. However, this age too has slowly increased … Continue reading
US – Not reallocating labor resources since the Great Recession
The Great Recession appears to have solidified trends that took hold in the early 2000s. During the 1990s, 16 percent of total private-sector employment per quarter was typically accounted for by job churn—expanding companies’ hiring new workers and shrinking ones’ handing out pink slips. Since the turn of the century, the rates of new hirings … Continue reading
Close the Skills Gap in US – Why are apprenticeships in decline?
Apprenticeships can offer a precise match between the skills employers want and the training workers receive, says Robert Lerman, an economics professor at American University. “It’s a great model for transferring skills from one generation to the next,” says John Ladd, director of the Department of Labor’s Office of Apprenticeship. Nevertheless, according to the Labor … Continue reading
Toyota to move 1500 jobs in US
Toyota is consolidating much of its U.S. operations and moving them to a new headquarters in Plano, Texas. That will affect operations at its North American Manufacturing headquarters in Erlanger. Toyota’s new headquarters in Texas will house 4,000 people and serve as the hub for North American marketing, manufacturing and finance operations. One thousand Erlanger … Continue reading
Associate Degrees in US – How they are paying off (Infographic)
With the cost of tuition at four-year colleges and universities growing out of control, it is no surprise people are more interested in two-year degrees. Let’s take a look at how popular associate degrees are and how they are paying off. Source: DegreeQuery.com Chosen excerpts by Job Market Monitor. Read the whole story at Associate Degrees: Bang … Continue reading
US – The retirement crisis it’s not what some people want you to believe it is
America has a retirement crisis, but it’s not what some people want you to believe it is. It’s not the defined benefit pension plans that public employees pay into over a lifetime of work, which provide retirees an average of $23,400 annually (although some public officials fail to make their required contributions to these and … Continue reading
US – A boom in health care jobs
Evidence confirms the demand for health care professionals, and it’s not just for physicians and nurses but for medical records processing specialists, lab technicians, informational technology support experts and more. A confluence of factors is at work, but two stand out: The aging of the baby boom generation, and the passage of the health care … Continue reading
US – New jobs aren’t worth moving
Americans are moving less—and not as far—because it’s not nearly as worthwhile economically. Most moves are local, from neighborhood to neighborhood in the same city or county, and are largely driven by seeking better housing or more proximity to family and friends. But long-distance moves between states are different. These interstate moves are typically driven … Continue reading
The Job Gap in US – Lack of jobs is still a very big problem
In the next few months, the labor market will pass a milestone in its recovery from the Great Recession: Total payroll employment (private plus government) will finally top its pre-recession level . But before breaking out the champagne, let’s remember that the previous peak was more than six years ago in December 2007; with population … Continue reading
Why Social Work is Important (Infographic)
The range of ailments and bad situations in which social workers help is astounding. With over 600,000 in the US today, there’s more need for even more social workers than ever.[1] What do they do? Support communities in need (including those dealing with…): Poverty Discrimination Abuse Addiction Physical illness Divorce Loss Unemployment Educational problems Disability … Continue reading
Returning to Full Employment in US – A CRS Report
Until recently, the economy and labor market were experiencing an unusually slow recovery from the longest and deepest recession since the Great Depression compared to other expansions since World War II. The rapid decline in the unemployment rate from 7.9% in January to 6.7% in December 2013 (where it remained in the first quarter of … Continue reading
Jobless Claims in US – The 4-week average is close to normal levels for an expansion
From the official press release: In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 316,750, an increase of 4,750 from … Continue reading
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