Job Market Monitor
Wage
Wages – Nine Negotiation Strategies
Here’s a step by step guide to negotiating your best salary yet: Do your research. Don’t talk money too early. Don’t be afraid to ask – but don’t demand either! Keep selling yourself Make them jealous Ask a fair price Believe that you can you negotiate in this economy Negotiate extras and be creative! Negotiate … Continue reading
US – Between 1979 and 2013, productivity grew 64.9 percent while hourly compensation of production and nonsupervisory workers grew just 8.0 percent.
The poor performance of American workers’ wages in recent decades—particularly their failure to grow at anywhere near the pace of overall productivity—is the country’s central economic challenge. Indeed, it’s hard to think of a more important economic development in recent decades. It is at the root of the large rise in overall income inequality that … Continue reading
US – A majority of workers have new jobs since the end of the recession
Now here is an important fact: the median number of years that current wage and salary workers have been with their current employer is about four and a half. In other words, more than half of current workers have jobs that are new since the end of the recession. A majority of workers have new jobs, some … Continue reading
Wages in US – Post Great-Recession wage declines were especially pronounced for maids and housekeeping cleaners, home health aides, personal care aides, food preparation workers and restaurant cooks
[The National Employment Law Project has] calculated the percentage change in real median hourly wages from 2009 to 2013 for 785 occupations, which were grouped into quintiles, each representing approximately one-fifth of total employment in 2013. The labels in Figure 1 show the 2013 median hourly wage for the lowest- and highest-paid occupations within each … Continue reading
UK – Employment rate for people aged from 16 to 64 near record high but regular pay annual growth rate lowest on record
Key Points for April to June 2014 Comparing the estimates for April to June 2014 with those for January to March 2014, employment continued to rise and unemployment continued to fall. These changes continue the general direction of movement over the past two years. There were 30.60 million people in work, 167,000 more than for … Continue reading
UK – Starting salaries are stagnant
Starting salaries are expected to remain low for the rest of the year after a wide ranging jobs survey found only 2% of employers handed an above-inflation pay rise to new recruits in the last year. Only 20 out of 1,000 employers said they had paid a significant rise to new workers, adding to concerns … Continue reading
US – Evidence demonstrating a skills shortage is not found in wage data
To an economist, the most accessible and persuasive evidence demonstrating a skills shortage should be found in wage data. If employers urgently need workers with skills in short supply, we expect them to offer higher pay to prospective new employees who possess the skills. When workers with crucial skills are offered better wages by expanding … Continue reading
US – The short-term unemployment rate has returned to its pre-recession average, so what ?
Because the short-term unemployment rate has returned to its pre-recession average, one important implication—if the hypothesis that the long-term unemployed are largely on the margins of the labor market is correct—is that further declines in short-term unemployment would be expected to be associated with rising inflation and stronger real wage growth. So has this trend … Continue reading
UK – Employees aged 21 in 1995 earned 40% more after adjusting for inflation by the age of 39 than those aged 21 in 1975 did up to the age of 39
The report UK Wages Over the Past Four Decades – 2014 by ONS looks at changes in earnings in the UK over the past forty years. It makes use of distributional and cohort analysis to assess the impact of the recession on real earnings as well as looking at the impact of the introduction of the national … Continue reading
US – Hiring is up but wage growth is not
Companies have finally begun taking on staff in consistently greater numbers, half a decade after the end of a deep recession brought on by one of the most punishing financial crises in history. What companies haven’t been doing yet is offering consistently greater pay. That means an urge to start bringing forward expectations for when the … Continue reading
US – Employment and wages in STEM by the BLS
Employment Total May 2013 OES employment in all STEM occupations is 16,994,480. This is nearly 13 percent of total national employment (132,588,810). Across the four types of STEM subdomains, health occupations have the most employment (8,276,100) and architecture occupations have the least employment (156,650). Of the five types of STEM occupations, the largest by far … 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
New Zealand / Many more jobs but wages increase slowly
Employment increased strongly over the last three months of 2013; wages, not so much. The number of people employed rose by 24,000 or 1.1 per cent in the December quarter, Statistics New Zealand reported, enough to offset a migration-fuelled increase in the labour force and still reduce the unemployment rate to 6 per cent from … Continue reading
Youth and the Oil Industry in Canada / Wages, Employment and School Enrollment
Increased wages have a dual impact for young men: they tend to reduce their full-time university enrollment rates―at least temporarily―and to bring (back) into the labour market those who were neither enrolled in school nor employed. Continue reading
US / It Pays to Be Stressed
The highest-stress jobs also on average have the highest pay, and the lowest-stress jobs tend to get lower wages. Continue reading
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