Job Market Monitor
US
Millennials in US / The plight of unemployed young people
Currently, over 2 million of those 20-24-years-old are unemployed, with an unemployment rate of 12.9%. For the older half of millennials 25-34, the rate is 7.4% with 2.5 million unemployed Continue reading
US / Government shutdown costs 120,000 jobs in October says President’s chief economic adviser s
The partial government shutdown this month trimmed 0.25 percentage point from fourth-quarter economic growth and cost the U.S. 120,000 jobs in October, President Barack Obama’s chief economic adviser said. An analysis of daily and weekly economic data through Oct. 12 showed weakness in such areas as retail sales, economic confidence and mortgage applications, some of … Continue reading
US Social Security / The real retirement age is 70
ue to increases in Social Security’s Delayed Retirement Credit, the effective retirement age is now 70, with monthly benefits reduced for earlier claiming Continue reading
Youth in US / Saying ‘no’ to the worforce
A job used to be the next step after a diploma. But now, young people aren’t in any rush to start working Continue reading
NEETs in US / 15 Percent Of American Youth Out Of School And Work, Study Finds
Almost 6 million young people are neither in school nor working, according to a study by The Opportunity Nation coalition Continue reading
US / Total nonfarm payroll employment rose by only 148,000, before government shutdown
The BLS notes that ‘Over the year, the labor force participation rate has declined by 0.4 percentage point, while the employment-population ratio has changed little’. Those are not good news. Continue reading
US Gender Gap / Only two occupations in which women earn more: counsellors and medical technologists
The gender wage gap is alive and well, according to the latest data from the Bureau of Labor Statistics. Out of more than 500 job categories tracked by the BLS, there are only two occupations in which women brought home greater median weekly pay than men in 2012: counselors and health practitioner support technologists and technicians. Both … Continue reading
Cleveland / The metro area that lost the most jobs in US for 4 months in a row
Four straight months and counting: Greater Cleveland yet again lost more jobs than any metro area in the country, the Labor Department reported Monday. In fact, the Cleveland-Elyria-Mentor metro area was the only one of the 37 large metro areas posting a decrease in employment between August 2012 and August 2013. Greater Cleveland lost 7,900 … Continue reading
US / 48 percent of all public school children came from homes with incomes low enough to earn those students free or reduced lunches
A new study by the Southern Education Foundation has revealed that the number of low income students enrolled in schools has surged in recent years to new astronomical numbers Continue reading
US / Feds Who Received Unemployment During Shutdown Must Return Payments
Thousands of federal employees who received unemployment compensation while on furlough will have to return the payments Continue reading
After the Recession in US / More seniors and and fewer 18- to 29-year-olds in workforce
As the U.S. economy continues its sluggish recovery from the recession and global economic crisis, more seniors and fewer young adults are in the workforce now compared with 2010 Continue reading
US Long-Term Budget Outlook / Entitlement spending is growing writes CBO
Spending for Social Security, Medicare and Medicaid is growing and will continue to climb in the long-term Continue reading
Immigration / U.S. loses out to Canada
Canada really shines in comparison to the United States is in its immigration policy Continue reading
US / 56% consider their current job “not on course at all”
The poll results also show that only 6% of respondents’ current jobs are “totally on course” with their career visions Continue reading
US / Fiscal ‘mess’ undermines Fed on jobs says Dallas Fed President Richard Fisher
“As long as inflationary expectations are held at bay, we can fully open the monetary throttle in an effort to deliver on the mandate Congress gave us to help achieve full employment,” said Fisher. “But it is for naught as long as the fiscal authorities are slamming on the brakes and leaving everyone in the dark as to how they will cure the fiscal mess they have wrought.” Continue reading
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