During the pandemic, women have taken the brunt of the damage to the labor force, whether in the form of losing their jobs or working triple-duty at home with child care and education on top of their work obligations. … READ MORE >
labor
Chart of the day: Number of unemployed persons per job falls to 2
Recovery of the domestic labor force continues as the number of unemployed persons per job opening in the United States fell to 1.95 in September while individuals continued to be recalled to work. But these data are dynamic and prone to change. … READ MORE >
CHART OF THE DAY: Americans with no job for 27 weeks or more rises sharply
Labor market studies by the Federal Reserve show that individuals who experience joblessness for more than 26 weeks face increasing risk of becoming permanently detached from the labor force, contributing to structural unemployment in the economy. … READ MORE >
CHART OF THE DAY: Weekly initial jobless claims higher than expected
In a sobering surprise, the Labor Department reported on Thursday that initial jobless claims for the week ended Aug. 15 reached a higher-than-expected 1.1 million, a sign the road to economic recovery will be bumpy and volatile as the country struggles to gain footing amid the COVID-19 pandemic. … READ MORE >
CHART OF THE DAY: Job openings increase, but so does competition for them
RSM’s Chart of the Day shows steep competition for available job openings in the U.S. labor market. … READ MORE >
Weekly initial jobless claims: Much-needed context as claims rise by 1.5 million
While the pace of first-time jobless claims has declined over the past few weeks, such an improvement is still akin to saying someone has turned down the heat in hell. It is clear that the U.S. labor market remains impaired as first-time jobless claims increased by 1.5 million for the week ending June 13, and continuing claims advanced by 20.5 million. This is the thirteenth straight week in which claims have increased by more than one million. … READ MORE >
Tech jobs have not been spared in the pandemic, but growth of remote work helps some
Before COVID-19, unemployment in the technology sector was at a five-decade low and was far lower than the overall U.S. unemployment rate. Though unemployment has risen for some parts of the technology sector as the pandemic has gripped the country, companies are still hiring for other roles. Job postings for … … READ MORE >
State jobless claims continue to decelerate in week ending May 23
Another 2.1 million first-time unemployment claims were processed by state employment agencies for the week ending May 23, with 323,000 less than the prior week but still 10 times the normal amount. … READ MORE >
U.S. added 145,000 jobs in December as women now outnumber men in the workforce
Hiring in the economy closed out the year with a gain of 145,000 jobs in December, making for a overall increase of 2.1 million in 2019, the Labor Department reported on Friday. That figure represents a modest decline compared to a gain of 2.7 million in 2018 and is down from the cyclical high of a little more than 3 million jobs added in 2014. … READ MORE >
Hiring expected to slow in September jobs report
The labor market is expected to continue to lose steam in September, with the total change in employment likely increasing by 115,000 jobs on the month, and the unemployment rate likely rising to 3.8%. Given the slowdown in domestic manufacturing activity and goods production, we note there is downside risk to our top line forecast when the report is released on Friday. … READ MORE >