UP539 March 10, 2009. Supply-sidedemand-side Workers “sell” their labor power to employers Employers “buy” labor power from workers Workforce developmentEconomic.

Slides:



Advertisements
Similar presentations
Labor Trends In The Market
Advertisements

Union Members in 2009 Jim Walker Economist Bureau of Labor Statistics January 29, 2010.
Labor Market Overview. Some Definitions Market is an institution where buyers and sellers interact to determine the price and quantity transacted. The.
Chapter 2. The Labor Market: Definitions, Facts, and Trends.
Principles of Macroeconomics ECON203, Lecture 7: Jobs (employment) and Unemployment Instructor: Turki Abalala.
Chapter 5: Monitoring Jobs and Inflation
Current Employment Statistics & Local Area Unemployment Statistics Basics Current Employment Statistics & Local Area Unemployment Statistics Basics Joseph.
Changing Demographics in Texas
Unemployment Why is unemployment a problem? – Lost production and income – Lost human capital Measuring unemployment – The Current Population Survey Monthly.
Jobs and Unemployment The labor force
Ch. 6: MONITORING CYCLES, JOBS, AND THE PRICE LEVEL The business cycle Measures of labor market activity Unemployment –Sources –Duration –Groups affected.
The Characteristics of Employed Female Caregivers and their Work Experience History Sheri Sharareh Craig Alfred O. Gottschalck U.S. Census Bureau Housing.
Unemployment Chapter 6. Unemployment The unemployment rate is the number of people who are willing and able to work but are not working.
Chapter 5: Monitoring Jobs and Inflation Measures of activity in the labor market – Unemployment – labor force participation – employment-population ratio.
Under age 16? In an institution? On active duty in the military? Been actively searching for work? Available to start a job? Not surveyed by the Bureau.
Occupation. Review from the week on industrial classifications.
Jobs and Unemployment. When you have completed your study of this chapter, you will be able to C H A P T E R C H E C K L I S T Define the unemployment.
Chapter 6 homework Don’t forget homework due Friday… Questions 6, 10, 14, and 16.
Measuring Unemployment. U.S. Employment Picture 1999 and 2009.
Chapter 2. The Labor Market: Definitions, Facts, and Trends.
Online Industry Market Research Presented by Janet Harrah, Director Center for Economic Development & Business Research, Wichita State University.
Chapter 7 Labor Market Indicators Current Population Survey: Every month, the U.S. Census Bureau and Bureau of Labor Statistics (BLS) survey 60,000 households.
Jobs and Unemployment CHAPTER 7. LABOR MARKET INDICATORS So far we have studied measures of macroeconomic performance. 1)The value of output measured.
Slide 0 The Data of Macroeconomics. slide 1 Learning objectives In this chapter, you will learn about: Gross Domestic Product (GDP) the Consumer Price.
Education Pays Education Pays.
WAGES & UNEMPLOYMENT PART II Chapter 6. Collecting Employment Statistics  How do we collect these Statistics?  Bureau of Labor Statistics surveys about.
Chapter Eight: Employment and Unemployment. Paid Work and Unemployment in the United States.
MEASURING UNEMPLOYMENT WHAT EXACTLY DO THE NUMBERS MEAN?
Chapter 2. The Labor Market: Definitions, Facts, and Trends.
Economy 2030 (Let’s just round up from 2022…) Where we’ve been; where we’re going. Kara Markley Regional Economist U.S. Bureau of Labor Statistics July.
1. Percent change in employment, (Seasonally adjusted: private wage-and-salary workers) Source: U.S. Bureau of Labor Statistics, Current.
© 2013 Pearson. How long does it take to find a job?
15:Employment and Unemployment  What are the unemployment rate, the labor force participation rate, and other labor market measures?  What are the sources.
© 2011 Pearson Education Jobs and Unemployment 6 When you have completed your study of this chapter, you will be able to 1Define the unemployment rate.
Trends in the Manufacturing Sector in Massachusetts Sharing Skills ~ Building Connection Conference, March 12, 2008 Rebekah Lashman Jonathan Latner Navjeet.
LABOR MARKET INDICATORS  Current Population Survey Every month, 1,600 interviewers working on a joint project of the Bureau of Labor Statistics (BLS)
Module 12 Mar  Defining and Measuring Unemployment ◦ Employed – you have a job ◦ People not considered – retired, disabled, institutionalized,
LESSON 18 UNEMPLOYMENT SURVEY 18-1 HIGH SCHOOL ECONOMICS 3 RD EDITION © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY Objectives Decide whether a worker.
Weaving a story of poverty in Multnomah County. Per capita income, Portland MSA, US Metro, Multnomah County, Source: Regional Economic Information.
Eco 6351 Economics for Managers Chapter 10b. The Business Cycle Prof. Vera Adamchik.
Monitoring Jobs and the Price Level CHAPTER 6. After studying this chapter you will be able to Define the unemployment rate, the labor force participation.
Chapter 2. The Labor Market: Definitions, Facts, and Trends.
Briefing on the Regional Economy Rae D. Rosen Senior Economist Federal Reserve Bank of New York September 5, 2002.
Measures of Employment. What agency measures the unemployment rate?
Unemployment. Define Unemployment The number of people who are actively looking for work but are not currently employed.
MONITORING JOBS AND INFLATION
U.S. Hispanic Population: 1999 Helping You Make Informed Decisions.
© 2011 Pearson Education Jobs and Unemployment 21 When you have completed your study of this chapter, you will be able to 1Define the unemployment rate.
Unemployment in the U.S.. The U.S. Unemployment Rate since 1960 Sources : and, Robert J. Gordon, Macroeconomics (Boston: Addison-Wesley,
Trends in Labor Force Participation in the United States, by Age and Race/Ethnicity from 1990 to 2020 Projections Prepared by the Community Service Council.
Kelly Cunningham Economist, Senior Fellow Economic Outlook Post-recession economic recovery January 21, 2015.
ECONOMIC INDICATORS. The Business Cycle What are economic indicators? Article: identify indicators.
© 2011 Pearson Education Jobs and Unemployment 6 When you have completed your study of this chapter, you will be able to 1Define the unemployment rate.
1 The Economic Outlook for Connecticut Rae D. Rosen Senior Economist and Public Information Officer Federal Reserve Bank of New York January 21, 2004.
C H A P T E R Unemployment 13. © 2003 South-Western 2 Pattern of Unemployment Rates over Time and Across Demographic Groups, 1950–2001 Figure 13.1 SOURCE:
Changing Workforce Demographics in Michigan June 13, 2006 Operation ABLE Tenth Annual Think Tank for Human Resources Professionals, Employers, and Human.
Economic Challenges Unemployment. Policy makers and economic analysts gauge the health of the U.S. economy by examining the labor force and unemployment:
Persons with a Disability: Labor Force Characteristics Terence M. McMenamin Division of Labor Force Statistics August 3, 2011.
Copyright © 2004 South-Western Unemployment and Its Natural Rate Mods
THE WORLD OF WORK. The Labor Force All people eligible to be employed who either are employed or are seeking employment.
Employment  The number of paid workers in population.
Monitoring Jobs and the Price Level CHAPTER 6. After studying this chapter you will be able to Define the unemployment rate, the labor force participation.
Employment and Unemployment State of Kansas and Metropolitan Areas October, 2015.
Careers in Quality January 21, 2011 Purdue University Calumet Robyn Minton Vice President of Operations Center of Workforce Innovations.
Aim of Chapter 2 To introduce the essential concepts, definitions, and trends of widely used labor market descriptors such as unemployment, labor force,
1 Economically Active Population Survey Dong-Wook JEONG Employment Statistics Div. Statistics Korea.
Unemployment.
A measure of wasted resources: Wasted labor hours and capital
Unemployment vs Employment
Unemployment.
Presentation transcript:

UP539 March 10, 2009

Supply-sidedemand-side Workers “sell” their labor power to employers Employers “buy” labor power from workers Workforce developmentEconomic development

Supply-sidedemand-side Workers “sell” their labor power to employers Employers “buy” labor power from workers Workforce developmentEconomic development Bringing jobs and local residents together

Career ladders: institutional and human capital ladders Within and across firms, within and across regions, within (and across) occupations Relate to specific vs. general human capital

what should we invest in (i.e., sustain)? NATURE (natural capital) ECONOMY (capital) LABOR (humancapital) SOCIETY (social capital) Capital = creates the capacity to generate new capital in the future  the ability to reproduce / sustain

Persons Not in the Labor Force (Household Survey Data) About 2.1 million persons (not seasonally adjusted) were marginally attached to the labor force in February, 466,000 more than a year earlier. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, there were 731,000 discouraged workers in February, up by 335,000 from a year earlier. Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The other 1.3 million persons marginally attached to the labor force in February had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

1 Data refer to persons who have searched for work during the prior 12 months and were available to take a job during the reference week. 2 Includes thinks no work available, could not find work, lacks schooling or training, employer thinks too young or old, and other types of discrimination. 3 Includes those who did not actively look for work in the prior 4 weeks for such reasons as school or family responsibilities, ill health, and transportation problems, as well as a small number for which reason for nonparticipation was not determined

Total population Employed Under 16 unemplo yed Not in LF Institutio nal pop or active duty  Labor force   Civilian non-institutional population  Other concepts 1 Labor force = employed + unemployed Labor force participation rates (LFPR) = labor force / civilian non-institutional population Civilian non-institutional population – Included are persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces. (Current Population Survey) Unemployed: – Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed. Unemployment rate = unemployed / labor force

Source:

Source: U.S. Bureau of Labor Statistics, Employment and Earnings, monthly, January 2008 issue; Monthly Labor Review, November 2007; and unpublished data.

Table 788. Individuals Employed in Science and Engineering (S&E) Occupations as Share of Workforce, Source: U.S. Bureau of Labor Statistics, May 2007 National Occupational Employment and Wage Estimates

The Spatial Division of Labor on a Regional Scale ANN ARBOR Median Family Income (1999): $71,293 Percent of Families in Poverty (1999): 5% Occupation: Management, professionals (in percent, 2000): 61% Occupation: Production, transport, material moving (in percent, 2000): 4% YPSILANTI Family Income: $40,793 Families in Poverty: 17% Management, professionals: 30% Production, transport, material moving: 10% FLINT Family Income: $31,424 Families in Poverty: 23% Management, professionals: 21% Production, transport, material moving: 25% DETROIT Family Income: $33,853 Families in Poverty: 22% Management, professionals: 22% Production, transport, material moving: 23% Source: U.S. Census Bureau, Census 2000 Summary File 3, Matrices P49, P50, and P51; BLOOMFIELD HILLS Family Income: $200,000+ Families in Poverty: 2% Management, professionals: 71% Production, transport, material moving: 2%

The Spatial Division of Labor on a Regional Scale ANN ARBOR Median Family Income (1999): $71,293 Percent of Families in Poverty (1999): 5% Occupation: Management, professionals (in percent, 2000): 61% Occupation: Production, transport, material moving (in percent, 2000): 4% YPSILANTI Family Income: $40,793 Families in Poverty: 17% Management, professionals: 30% Production, transport, material moving: 10% FLINT Family Income: $31,424 Families in Poverty: 23% Management, professionals: 21% Production, transport, material moving: 25% DETROIT Family Income: $33,853 Families in Poverty: 22% Management, professionals: 22% Production, transport, material moving: 23% Source: U.S. Census Bureau, Census 2000 Summary File 3, Matrices P49, P50, and P51; BLOOMFIELD HILLS Family Income: $200,000+ Families in Poverty: 2% Management, professionals: 71% Production, transport, material moving: 2%

Two data tables * BLS: OCCUPATIONAL PAY COMPARISONS AMONG METROPOLITAN AREAS, 2007 [two pages] * BLS: Unemployed persons by occupation and sex, [1 page] Answer these questions: 1. What occupations seem to have the lowest and highest unemployment levels? Is there a difference by gender? 2. Are there geographic patterns in occupational pay? (e.g., big metro vs. small metro areas?). 3. Do metro areas in general seem to reward (i.e., have higher pay for) some occupations over others? (i.e., the metropolitan return on human capital….). If so, what is the pattern?