Job Market Monitor
US
US Gender Jobs Gap / Women have regained all jobs lost during the Great Recession
U.S. women have recovered all the jobs they lost to the Great Recession. The same can’t be said for men, who remain 2.1 million jobs short Continue reading
US / Jobless Claims fall, really?
The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labor market health before the Federal Reserve meets Continue reading
1000s of Teaching jobs available in Korea for recent canadian and american grads
American and Canadian college graduates, facing a lackluster jobmarket at home, are capitalizing on this trend by taking English-teaching positions in countries like South Korea Continue reading
US / Job cuts at record low, but openings at the lowest level since January
The number of layoffs and firings recently hit a record low level, according to government data released Tuesday morning. There were 1.51 million layoffs and discharges in July, down from 1.6 million in June and 1.79 million when the recession started at the end of 2007. The data go back to 2000. Those findings are … Continue reading
US / Labor’s Share of Income is around a 50-year low
Profits as a share of income are at or near record highs while the compensation share is around a 50-year low Continue reading
US / Federal hiring declines to six-year low
With fiscal pressures continuing to force spending cuts, government agencies made fewer than 90,000 new hires last year, the smallest number in six years and a 37 percent drop since 2009, federal data show. The government hired 89,689 new employees in 2012, many of whom eventually will move into leadership positions at their agencies. They … Continue reading
US / Majority of Workers Say Job Doesn’t Require a Degree
43%, say the type of work they do generally requires a bachelor’s or a more advanced degree Continue reading
President Obama / Defends Jobs Record in Address to AFL-CIO
President Barack Obama told the largest U.S. labor group that his administration has helped improve job conditions and wages though there is more to be done. Since the financial crisis, U.S. businesses have created 7 million jobs and the automobile industry is leading a comeback of the nation’s manufacturing sector, Obama told the AFL-CIO convention … Continue reading
US / The latest job report is badly received
Here is an overview of the numerous comments on the latest job report even if the report concludes on the lowest the unemployment rate since November 2008. This drop was mainly due to a decrease to 63.2% of participation rate as the employment to population ratio declined to 58.6%. ‘The drop in the main unemployment rate was driven … Continue reading
US / Employment increased by 169,000 in August and and the unemployment rate was little changed
Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3 percent, the U.S.Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information. Household Survey Data Both the number of unemployed persons, at 11.3 million, and the unemployment rate, at 7.3 percent, changed … Continue reading
US / Those working in the private sector are less likely to have paid vacation days than 20 years ago
Americans working in the private sector are less likely to have paid vacation days than was the case 20 years ago, according to a recent report from the Bureau of Labor Statistics. In 1992-93, 82 percent of American workers reported receiving paid vacation days. Today the share is down to 77 percent. The biggest declines … Continue reading
US / As Gallup’s unemployment rate jumps, jobless claims drop
Gallup tracks daily the percentage of U.S. adults, ages 18 and older, who are unemployed. “Unemployed” respondents are those who are not employed, even for one hour a week, but are available and looking for work. Unemployment is calculated as a percent of the workforce. Monthly results reflect an average of the calendar month, based … Continue reading
The Fight for Higher Wages
Let’s face it. Something’s broken here in an economy that serves up low wages to significant numbers of adults whose families depend on their earnings (the typical worker earning between the minimum wage and $10 an hour earns half of his or her family’s income; 88 percent are adults). And something’s broken when the media and … Continue reading
Unions in US / Majority Approves but Say They’ll Weaken
A majority of Americans, 54%, approve of labor unions, a slight increase from 52% in 2012 and six percentage points above the all-time low observed in 2009. Thirty-nine percent disapprove of labor unions. The current reading is eight points below the historical average of 62% in Gallup’s trend dating back to 1936. Americans’ approval of … Continue reading
US / Few Jobs Means Bad Jobs
There is no dispute that bad jobs seem to be growing rapidly as a share of employment at present. The question is why. An alternative explanation to the “it just happens” view is that the weak economy itself is responsible for the proliferation of bad jobs. In other words, because the economy is not generating … Continue reading
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