Job Market Monitor
wages
US – A significant acceleration in the number of medium-wage jobs created
Earlier today, Deutsche Bank’s Torsten Slok sent out this chart (right), which shows job growth by level of wages. Here’s what he has to say: “…over the past year we have seen a significant acceleration in the number of medium-wage jobs created. The bottom line is that the labor market continues to tighten and it … Continue reading
The Gender Gap in US – Historically low between young male and female workers but growing
The wage gap between young male and female workers is historically low. The wage gap between young male and female workers is growing. Yes, both things can be true at the same time. Intergenerational economic inequality is declining: The gap between male and female wages among Millennials is lower than it was among boomers or … Continue reading
Wages in UK – Weekly earnings for full-time employees annual growth: the smallest since 1997 and decreased by 1.6% in real terms finds ONS
Key points In April 2014 median gross weekly earnings for full-time employees were £518, up 0.1% from £517 in 2013. This is the smallest annual growth since 1997, the first year for which ASHE data are available. Growth has been slower since the economic downturn, with the annual increase averaging around 1.4% per year between … Continue reading
Wages in US – Where are the raises?
After all, according to the Dallas Fed, wages should accelerate once unemployment falls below 6.1 percent. Well, the problem, as economists David Blanchflower and Adam Posen point out, is that there’s still a lot of shadow unemployment right now. That includes people who aren’t just officially jobless, but those who are either too discouraged to look … Continue reading
The Highly Educated Cities in US – Higher wage growth for both low- and high-skill workers and substantially larger increases in housing costs
Over the past three decades, the earnings of workers with a college education have substantially increased relative to those with less education. In 1980, the average college graduate earned 38% more than the average high school graduate. By 2000, the college-high school graduate wage gap increased to 57%, and by 2011 it rose to 73%. At the same … Continue reading
Wages in US – 50% make less than $28,031 a year
The Social Security Administration has just released wage statistics for 2013, and the numbers are startling. Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000. If you worked a full-time job at $10 an hour all year long with two weeks … Continue reading
CEOs to Unskilled Workers Pay Ratio – Double what you think is ideal research finds
In their recent research, scheduled to be published in a forthcoming issue Perspectives on Psychological Science, Chulalongkorn University’s Sorapop Kiatpongsan and Harvard Business School’s Michael Norton investigate “what size gaps people desire” and whether those gaps are at all consistent among people from different countries and backgrounds. It turns out that most people, regardless of nationality or … Continue reading
Wage Theft by Employers in US – At least $933 million in 2012 vs robberies ( including bank ) $341 million
Wage theft—employers’ failure to pay workers money they are legally entitled to—affects far more people than more well-known and feared forms of theft such as bank robberies, convenience store robberies, street and highway robberies, and gas station robberies. Employers steal billions of dollars from their employees each year by working them off the clock, by failing … Continue reading
Unemployment in OECD – 12.1 Million more than before the crisis and wages stagnate (video)
Unemployment will remain well above its pre-crisis levels next year in most OECD countries, despite modest declines over the rest of 2014 and in 2015, according to a new OECD report. The Employment Outlook 2014 says that average jobless rates will decrease slightly over the next 18 months in the OECD area, from 7.4% in mid-2014 … Continue reading
Silicon Valley – The Wage Premium
Software application developers earn large salaries in the United States, $96,260 a year on average. But in metropolitan San Jose they earn $131,270, the highest in the country. There are many partial explanations for this—local cost of living, differences in education levels, experience, and industry—but none of them quite account for it. It turns out that … Continue reading
Journalism vs Public Relations in US – The growing pay gap
The salary gap between public relations specialists and news reporters has widened over the past decade – to almost $20,000 a year, according to 2013 U.S. Bureau of Labor Statistics data analyzed by the Pew Research Center. At the same time, the public relations field has expanded to a degree that these specialists now outnumber … Continue reading
US – Low teacher pay is a problem finds the Center for American Progress
Low teacher pay is not news. Over the years, all sorts of observers have argued that skimpy teacher salaries keep highly qualified individuals out of the profession. One recent study found that a major difference between the education system in the United States and those in other nations with high-performing students is that the United … Continue reading
College Grads in US – Wages are terrible
More young people are grabbing debt to go to college, but they can’t punch the ticket to full-fledged adulthood, because college-grad wages are growing at historically pitiful levels. In fact, the incomes of recent college grads are growing so glacially that they make the rest of the country look like we’re discovering $100 bills in … Continue reading
US – Wage growth has been stuck at about 2 per cent a year
Wage growth in the US has been stuck at about 2 per cent a year, just about keeping up with inflation but well below the levels of up to 3.5 per cent that productivity would suggest. The quarterly Employment Cost index, another widely used measure of wages, has also seen consistently sluggish readings over the … Continue reading
Globalisation – Average income increased, but the gains were concentrated among employees of large exporting firms study finds
How does increased openness to international trade affect workers’ wages and job security? This question is central to the public debate concerning the effects of globalisation, but convincing quantitative answers have been difficult to come by. Trade liberalisations are often accompanied by labour market reforms, making it difficult to isolate their effects. This column discusses … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 