Job Market Monitor
US
ADP on US National Employment Report – Private sector employment increased by 191,000 jobs from February to March
Private sector employment increased by 191,000 jobs from February to March according to the March ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, … Continue reading
US – Public sector workers are older than private sector workers and more
Among workers ages 18 to 64 who work full-time, differences in characteristics that may affect the relative pay and benefits of private and public sector workers include the following: Age. Reflecting the aging of the U.S. labor force, workers in both the private and public sectors have become older. Nevertheless, employees in the public sector … Continue reading
US – 260,000 graduates in minimum wage jobs
About 260,000 people who had a college or professional degree made at or below the federal minimum wage of $7.25 per hour last year, according to the Bureau of Labor Statistics. Things may be looking up a little, though — it’s the smallest number since 2008. The worst year was 2010, when the number skyrocketed … Continue reading
NAFTA – Nearly 700,000 U.S. jobs have been lost or displaced writes the AFL-CIO
Twenty years later and what have we learned from the North American Free Trade Agreement (NAFTA)? Nearly 700,000 U.S. jobs have been lost or displaced, union density in the United States, Mexico and Canada fell and income inequality has increased. The AFL-CIO’s new report, NAFTA at 20, discusses how current U.S. trade policy has failed to … Continue reading
US – Occupational concentration by industry
Several different measures are available for examining the industry and occupation relationship. Traditional tools include measuring the share of total occupational employment found in a given industry, as well as the share of total industry employment made up of a specific occupation. For instance, 62 percent of registered nurses were employed in hospitals in May … Continue reading
US – What can be done about the rampant underfunding of public pension systems?
Improving Public Pensions: Balancing Competing Priorities by Patten Priestley Mahler, Chingos, and Whitehurst makes a significant contribution to the public pension discourse by providing policymakers and stakeholders with a framework for evaluating proposed reforms to pension systems – even in light of the frequently competing objectives of such systems. The authors begin by defining three … Continue reading
US – Requests for religious accommodation and the law
In recent years, the number of complaints filed with the Equal Employment Opportunity Commission regarding religious discrimination has dramatically increased. According to the EEOC, there were 1,709 complaints of religious discrimination in 1997 and 3,721 complaints in 2013. Prohibitions when it comes to religion With respect to religion, Title VII prohibits among other things: Disparate … Continue reading
Yellen on the Unemployment Target – What did she say ?
Transcript of Chair Yellen’s Press Conference March 19, 2014 CHAIR JANET L. YELLEN. Good afternoon. I am pleased to join you for the first of my post-FOMC press conferences. Like Chairman Bernanke before me, I appreciate the opportunity these press conferences afford to explain the decisions of the FOMC and respond to your questions. The … Continue reading
The 2007–2009 recession in US / Full-time employment of workers ages 19 to 33 were between 16 and 26 percentage points less finds the BLS
The recession of 2007–2009 resulted in the loss of millions of jobs, although not all sectors of the economy were affected equally. Much has been written about the employment effects of the recession, with many reports focusing on the change in overall or specific sector employment over the course of the recession. However, many of … Continue reading
Long-Term Unemployed in US – Only 11 percent have returned to steady, full-time employment a year later
In “Are the Long-Term Unemployed on the Margins of the Labor Market?” Alan B. Krueger, Judd Cramer, and David Cho of Princeton University find that even after finding another job, reemployment does not fully reset the clock for the long-term unemployed, who are frequently jobless again soon after they gain reemployment: only 11 percent … Continue reading
Baby Boomers and Participation in US – The aging effect accounts for more than 40 percent of the decline
The United States is in the process of a dramatic demographic change – the rapid aging of the popula- tion – and that change has implications for the labor force participation and unemployment figures that we see every month. Since older people have lower labor force participation than the young, as more of the population … Continue reading
Low-Wage Workers and Poverty in US – Harder to Escape
Climbing above the poverty line has become more daunting in recent years, as the composition of the nation’s low-wage work force has been transformed by the Great Recession, shifting demographics and other factors. More than half of those who make $9 or less an hour are 25 or older, while the proportion who are teenagers … Continue reading
US – What would explain the slowdown in growth ?
What would explain the slowdown in growth, if the culprit isn’t some version of unused capacity? It’s not as if the entire U.S. woke up one morning in 2008 and decided, “I’m going to be less productive today and every day going forward.”… Investments to expand capacity don’t happen when the capacity that already exists … Continue reading
India – One in four business graduates get jobs in US
About one in four business school graduates in India find jobs in America, second only to China, which sends 38 per cent of its alumni to the US, according to a new survey. While 64 per cent of Indian business graduates stay in their home country, 23 per cent go the US and two per … Continue reading
Unemployment Extension in US – A bipartisan compromise agreement on the table
Senator Jack Reed (D-RI) and Senator Dean Heller (R-NV) have announced a bipartisan compromise agreement (Reed-Heller Agreement to Restore Emergency Unemployment Insurance) to restore federal jobless benefits which expired on December 28, 2013. The legislation would provide for a 5 month extension of federal Emergency Unemployment Compensation (EUC) which expired on December 28th. The more … Continue reading
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