Employment Projections (EPP) Estimates for the next 10
years for the labor market plus other career information.
However, he said it would take four to five
years for the labor market to return to normal unemployment levels.
Not exact matches
«A strong economy and
labor market are generating rising incomes and higher consumer confidence, fueling a strong
year for the travel industry, which will continue into the holiday season,» said Bill Sutherland, a senior vice president
for the travel organization AAA.
Eight
years later, it's clear that the Obama presidency has been pretty solid
for the US
labor market.
«The (Fed policy - setting) committee needs to make policy choices that will lead to more great
years like 2014,» Minneapolis Fed President Narayana Kocherlakota said in remarks prepared
for delivery in Helena, Montana, citing the dramatic improvement in the U.S.
labor market last
year.
As a result, unemployment would tick up slightly
for several
years as
labor markets adjusted.
Weekly applications
for jobless benefits have
for three
years held below 300,000, typically considered consistent with a healthy
labor market.
On Wall Street, stocks rose on Friday after job growth surged more - than - expected in June, reaffirming
labor market strength that could keep the Federal Reserve on track
for a third interest rate hike this
year.
Economic growth
for the Eurozone is also projected to be above trend, 2.4 % this
year and 2.0 % in 2019, supported by continued monetary stimulus, improving
labor markets, and healthy external demand.
The central bankers» statement raised the assessment of both the broader economy and the
labor market, and confirmed expectations
for a rate hike later this
year.
«My feeling is that really since the latter part of last
year, a number of challenges have raised up
for the stock
market,» Paulsen said, noting that stock valuations are higher, interest rates are rising, the
labor market is tightening, and it appears inflation could finally be on the horizon.
In other words,
for two
years of economic recovery, the
labor market in the U.S. has been doing only slightly better than treading water, and much of the improvement in the unemployment rate can be attributed to people dropping out of the
labor force either because they've given up looking
for work or because they've retired.
We have yet to see this play out — jobs growth has been steady
for 72 straight months, jobless claims have been falling and confidence in the
labor market is at a nine -
year high — but the divergence between profits and employment is something to keep an eye on.
After falling into a very big hole in 2008 and 2009, the
labor market has been steadily strengthening
for years.
Notwithstanding the positive signals from the
labor market and the pickup in sentiment, consensus estimates
for US first - quarter 2017 growth showed little change, staying in the 1.5 % — 2.0 % band that has prevailed in recent
years.
Though the
labor market appeared to remain on track, prior indications of a sluggish start to the
year by the US economy were confirmed by initial estimates
for first - quarter economic growth.
But they have been part of the Canadian
labor market for decades and they can not account
for the lack of job creation in Canada
for the past four
years and the current high unemployment rate.
Further, mortgages rates
for 30 -
year fixed, 15 -
year fixed, and a 5/1 ARM are now close to 5 -
year highs thanks to expansionary government policies, a strong
labor market, and wage inflation.
But again, what will additional QE spark in hoped
for acceleration in
labor markets and the general economy that the first $ 3 trillion in QE over the past five
years has not already?
We would concur with this broadly positive outlook
for the economy over the rest of the
year, in large part due to the contribution from US consumers, whose well - being — thanks mainly to a robust
labor market — was apparent in one measure of consumer confidence during September, which hit its highest level in nine
years.
Five
years into the recovery, the unemployment rate
for the least - skilled American workers is still 8.5 percent and many workers who left the
labor market during the Great Recession have been having trouble finding work even with an improving economy.
When it comes to the state's
labor market, the consensus
for growth points to a 1.1 percent increase
for the 2018 - 19 fiscal
year, with wages increases by 4.4 percent.
Just five days after reporting that the Buffalo Niagara job
market had its worst month
for job growth in seven
years during September, the state
Labor Department said the local unemployment rate fell to a 10 -
year low of 4.9 percent last month.
Instead, NIH and NSF recovery dollars will go overwhelmingly
for 2 -
year extramural research grants, mostly
for proposals already submitted by people «established enough to already be in the [funding agency] pipeline,» says
labor market economist Paula Stephan of Georgia State University in Atlanta.
The great lack in the American scientific
labor market, he and other observers argue, is not top - flight technical talent but attractive career opportunities
for the approximately 30,000 scientists and engineers — about 18,000 of them American citizens — who earn PhDs in the U.S. each
year.
«Conventional wisdom is that academic performance in high school is important
for college admission, but this is the first study to clearly demonstrate the link between high school GPA and
labor market earnings many
years later,» says French, director of the Health Economics Research Group (HERG) in the Department of Sociology at the UM College of Arts and Sciences, and corresponding author of the study.
The 47 -
year - old, who is also Editor - in - Chief of the Journal of
Labor Economics, recently entered the online dating world and realised that many of the principles attached to the
markets, hold true
for online dating.
Although we don't have three -
year placement rates
for 2013 grads yet (the dashed black line in the graph), the teacher
labor market appears to be recovering.
This threatens the state's ability to sustain the current economic boom and traps the workers themselves in jobs with little opportunity to advance, according to New Skills
for a New Economy, a new study based on over two
years of research conducted at the Harvard Graduate School of Education's National Center
for Adult Literacy and Learning (NCSALL) and Northeastern University's Center
for Labor Market Studies.
For women entering the
labor market directly after graduation from high school in 1972, those with mastery of basic mathematical skills earned $ 0.78 per hour ($ 1,560 per
year) more at age 24 than did those with weak math skills.
For males who entered the labor market directly after high school graduation in 1972, the difference between mastery of basic mathematical skills (fractions, decimals, and line graphs) and weak understanding of these concepts translated into an hourly wage differential at age 24 of $ 0.48 per hour (or $ 960 per year for year - round, full - time worker
For males who entered the
labor market directly after high school graduation in 1972, the difference between mastery of basic mathematical skills (fractions, decimals, and line graphs) and weak understanding of these concepts translated into an hourly wage differential at age 24 of $ 0.48 per hour (or $ 960 per
year for year - round, full - time worker
for year - round, full - time workers).
Given the demand
for software skills in the
labor market, there's been a lot of fanfare in recent
years around seeding opportunities to boost young people's computer science skills — the Hour of Code, the emergence of numerous coding boot camps, and edX's very popular Harvard MOOC, CS50, to name a few.
Teach
for America begun a major expansion several
years ago, funded by a grant from the federal government and likely facilitated by a weak
labor market for college graduates, who may have increasingly turned to teaching after failing to find other work.
The first dedicated
marketing campaign
for the subscriptions will take place sometime around
Labor Day and follow through with the end - of - the -
year gift giving season as consumers are expected to make tablet purchases
for the holidays.
The central bankers» statement raised the assessment of both the broader economy and the
labor market, and confirmed expectations
for a rate hike later this
year.
The Committee sees the risks to the outlook
for economic activity and the
labor market as nearly balanced and judges that the likelihood of inflation running persistently below 2 percent has diminished somewhat since early this
year.
More importantly, the
labor market is tightening at a faster - than - expected pace since the ECB projects that the jobless rate
for the Euro Zone as a whole will come in at 9.1 % by the end of the
year.
For those who claim that «first
years can't possibly be worth the amounts they're paid,» MacEwen responds that comparative pricing, such as comparing the cost of a first -
year at a large firm versus a law librarian, «confuses the presumed social benefits conferred by a slice of the
labor market with what society at large ought to be willing to pay those who have chosen a career there.»
Market research and Bureau of
Labor Statistics, however, shows a projected increase in both demand and salary
for a number of
years to come.
Moreover according to the Bureau of
Labor Statistics the total number of new jobs that should be created
for an occupation in the next 10 -
year will be 7 - 10 times more than current number of job openings on a
market.
While 2015 was the
year of shifting
labor market demographics, 2016 is shaping up to be a battle
for the best folks you can find.
The Bureau of
Labor Statistics expects the need
for market research analysts to continue to grow
for the next several
years.
Currently, the job
market is slow
for file clerks, with the Bureau of
Labor Statistics reporting just 2 - percent growth over the next 10
years.
Virginia
Labor Market Information notes that unemployment in Virginia has been decreasing
for over a
year.
What's more, a 2015 study by Intuit and Emergent Research estimates that the on - demand
labor market will grow by 18.5 percent each
year for the next five
years.
«I expect all those things to appear in real estate,» says the study's author, Daniel S. Hamermesh, a professor of economics at the University of Texas at Austin who has researched the influence of beauty on
labor markets for 20
years.
«Though the main long - term drivers of housing activity remain stalled — namely below average growth in median household income,
labor force participation, bank lending and household formation — metro
markets continue to get a boost from pent - up demand caused by the low inventory that plagued housing
for the past two
years,» Redfin researchers note.
Fueling the uptick: a promising jobs
market, with the unemployment rate at a three -
year low and first - time claims
for jobless benefits falling last week to a four -
year low, according to a
Labor Department report Thursday.
Buoyed by a rapidly tightening
labor market, job satisfaction among American workers rose slightly
for the fourth consecutive
year in 2014, and now stands at the highest level since 2008, according to a report released by The Conference Board.
The long - anticipated increase in the Federal Reserve's key interest rate materialized this week when the Federal Reserve announced it will raise the target range
for the federal funds rate to between 0.5 and 0.75 percent, citing a strengthening
labor market, inflation approaching 2.0 percent and anticipation that the economy will expand at a moderate pace over the next few
years.