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Occupations in US – The 10 largest occupations accounted for 21 percent of total employment
Retail salespersons and cashiers were the occupations with the largest employment in May 2013, the U.S. Bureau of Labor Statistics reported today. These two occupations combined made up nearly 6 percent of total U.S. employment, with employment levels of 4.5 million and 3.3 million, respectively. The data in this release are from the Occupational Employment … Continue reading
US – Long-Term Unemployment is elevated across all education, age, occupation, industry, gender, and racial and ethnic groups
Long-term unemployment is elevated for workers at every education level. The table below provides additional breakdowns of long-term unemployment by age, gender, race/ethnicity, occupation, and industry. For each category, the table shows the long-term unemployment rate in 2007, the long-term unemployment rate in 2013, and ratio of the two. It demonstrates that while there is … Continue reading
Jobless Claims in US – The last time initial claims were this low was May 12, 2007 says DOL
In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week’s revised level. The last time initial claims were this low was May 12, 2007 when they were 297,000. The previous week’s level was revised up by 6,000 from 326,000 to 332,000. … Continue reading
Unemployed Mothers in US – Staying at home
More mothers in the United States are staying home, but the increase is linked more to unemployment and demographic changes than to choice, a study published Tuesday suggested. In 2012, nearly one in three mothers, or 29 percent, did not work outside the home, up from 23 percent in 1999, said the study from the … Continue reading
Job openings in US – Highest in more than six years
The number of job openings in the U.S. recently hit the highest level in more than six years, a trend that could precede faster employment growth in coming months, according to a Tuesday analyst note. There were 4.17 million job openings in February -– the most since January 2008 — up 4% from a year … Continue reading
The Job Gap in US – How many more jobs are needed ?
One of the big questions concerning the U.S. jobs market is how many jobs need to be created to reach full employment? Without knowing that, it’s hard to determine when the nation’s economy will have finally recovered. Figuring out that number is complicated by several uncertainties, including just how many people need jobs and how … Continue reading
Long-term unemployment in US since 1950 – A chart
This FRED graph divides unemployed (civilian) workers according to the duration of their unemployment spell. The number of those unemployed for 27 weeks or more is still very high, while the other categories have recovered to normal levels. This level of persistently elevated unemployment is different from that during previous recessions, and there may even … Continue reading
Higher Education in US – The employment status of instructional staff members in 2 charts
Chosen excerpts by Job Market Monitor. Read the whole story at Losing Focus: The Annual Report on the Economic Status of the Profession, 2013-14 | AAUP Related Posts US / Education / Investment in student falls for first time ever The combination of high education and high-skill occupation is associated with the greatest degree of skill maintenance … Continue reading
Unemployment Extension in US – It passes Senate
The Senate approved a bipartisan unemployment benefits extension Monday, with six Republicans joining Senate Democrats to clear the measure. The measure passed 59 to 38 with all Democrats in attendance voting for the bill. The five Republicans who helped negotiate the measure — Susan Collins of Maine, Dean Heller of Nevada, Mark S. Kirk of … Continue reading
US – Next year’s supply of 85,000 visas for highly skilled workers gone within days
Businesses seeking highly skilled workers from overseas took less than a week to snap up all 85,000 visas available for next year. The U.S. Citizenship and Immigration Services announced Monday that the cap on H-1B visas for the 2015 fiscal year had already been reached. The agency began accepting applications April 1 for the highly … Continue reading
US – Labor Force Participation Rate Update
A significant decline in the participation rate had been expected, and probably half or more of the recent decline in the participation rate was due to changing demographics (and long term trends), as opposed to economic weakness. A few key long terms trends include: • A decline in participation for those in the 16 to … Continue reading
March Job Report in US – Good news, total nonfarm payroll employment rose by 192,000 and UR unchanged at 6.7 percent
Total nonfarm payroll employment rose by 192,000 in March, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in professional and business services, in health care, and in mining and logging. Household Survey Data In March, the number of unemployed persons was essentially unchanged at … Continue reading
Jobless Claims in US – Increased 16,000 to a seasonally adjusted 326,000
While a third report showed an increase in the number of Americans filing new claims for unemployment benefits last week, the underlying trend in the data continued to point to some strength in the labor market. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said. The four-week … Continue reading
US – Using Twitter to forecast jobless claims
A surprising number of people filed initial claims for unemployment benefits last week, at least if you believe an index based off Twitter. Economists at the University of Michigan have developed a technique that scans billions of tweets, looks for people tweeting about losing their jobs and then creates a prediction for the Labor Department’s … Continue reading
March Job Creation in US – Gallup’s Index reaches six-year high
Gallup’s Job Creation Index, based on employee reports of hiring and layoff activity at their workplaces, reached a six-year high of +23 in March, nearly tying the +24 recorded in March 2008. The index for March is two points higher than it was in February, and shows a six-point improvement from last March. Chosen excerpts … Continue reading
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