U.S. Labor Market
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A U.S. Labor Market is a regional labor market in a U.S. economy (composed of U.S. workers and U.S. jobs - by U.S. employers).
- Context:
- It can be affected by U.S. Labor Market Regulations.
- It can be measured by a U.S. Labor Market Size, a U.S. Labor Participation Rate, a U.S. Unemployment Rate, U.S. Labor Productivity, ...
- It can be composed of a California Labor Market (incl. SF Bay Area Labor Market), New York Labor Market, Texas Labor Market, ...
- Example(s):
- a 2013 U.S. labor market.
- …
- Counter-Example(s):
- See: U.S. Bureau of Labor Statistics.
References
- http://research.stlouisfed.org/fred2/categories/10
- http://www.ilo.org/washington/ilo-and-the-united-states/spot-light-on-the-us-labor-market/lang--en/index.htm
- http://www.economist.com/topics/labour-market
2013
- (Frey & Osborne, 2013) ⇒ Carl Benedikt Frey, and Michael A Osborne. (2013). “The Future of Employment: How Susceptible Are Jobs to Computerisation?." Technical Report, Oxford University.
- QUOTE: The authors examine how susceptible jobs are to computerisation, by implementing a novel methodology to estimate the probability of computerisation for 702 detailed occupations, using a Gaussian process classifier. Based on these estimates, they examine expected impacts of future computerisation on US labour market outcomes, with the primary objective of analysing the number of jobs at risk and the relationship between an occupation’s probability of computerisation, wages and educational attainment.
- http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/briefingnote/wcms_214511.pdf Labour market conditions are improving, but at a moderate pace...
- Since the height of the crisis, the US labour market has recovered considerably: the unemployment rate has fallen from 10.0% in October 2009 to 7.5% in April 2013. Over this period, employment has grown by more than 5.5 million. But in spite of strong gains at the end of 2012 and in early 2013, employment levels remain well below pre-crisis and a number of challenges persist:
- Growth in non-farm payroll employment has improved of late
- Employment growth remains well below pre-crisis level
- Long-term unemployment remains high ...
- Part-time employment, especially of an involuntary nature, persists: ...
- Since the height of the crisis, the US labour market has recovered considerably: the unemployment rate has fallen from 10.0% in October 2009 to 7.5% in April 2013. Over this period, employment has grown by more than 5.5 million. But in spite of strong gains at the end of 2012 and in early 2013, employment levels remain well below pre-crisis and a number of challenges persist:
2012
- U.S. BLS. "Hourly compensation costs in manufacturing."
- 2010 2011 2012
- $34.81 $35.51 $35.67
2009
- https://www.cia.gov/library/publications/the-world-factbook/geos/us.html
- farming, forestry, and fishing: 0.7%
- manufacturing, extraction, transportation, and crafts: 20.3%
- managerial, professional, and technical: 37.3%
- sales and office: 24.2%
- other services: 17.6%
- note: figures exclude the unemployed
2006
- (David et al., 2006) ⇒ H. David, Lawrence F. Katz, and Melissa S. Kearney. (2006). “The Polarization of the US Labor Market." National Bureau of Economic Research, No. w11986.