Job-Related News

                                                                                                                                                                                               May 3, 2024

Unemployment data–April 2024  Charts Related to BLS Employment Release Tracking the Post-Great Recession Economy: CBPP Chartbook–Tracking Pandemic Recovery  Top Charts of 2022 EPI   Top ten charts 2023 AEA

Baker, CEPR 5/3/2024 “The economy had its 27th consecutive month of below 4.0 percent unemployment in April. This matches the streak from November 1967 to January 1970, often viewed as one of the most prosperous stretches in US history. …. We are not currently seeing as robust real wage growth as in the late 1960s boom. Productivity has not been growing as rapidly, and we are still recovering from the disruptions created by the pandemic. But the benefits of growth have been broadly shared with workers with the bottom of the distribution seeing the largest wage gains…..It is also important to remember that there was a shift from wages to profits during the pandemic. If this is to be reversed, then we need to see a period of time where wages grow more rapidly than a pace that would be consistent with the 2.0 percent inflation target.”

EPI jobs blog, 5/3/24: “Jobs report shows the labor market is strong but decidedly not hot; Key positive indicators from today’s jobs report: -175k jobs added in April, slowing as we approach full employment, but still above breakeven level -Black unemployment dropped back down after spiking last month, seemed it was a blip -nominal wage growth continues to decelerate….The evidence is clear for Fed policymakers: nominal wage growth is decelerating in 2024 and is consistent with target inflation and productivity growth. Monthly wage growth annualized fell to 2.4% while year over year wage growth fell to 3.9% the lowest since June 2021.Elise Gould@eliselgould

Bartash, Marketwatch 5/3/24 “U.S. economy might not be speeding, but it’s still ‘pretty fast’ The unemployment rate, meanwhile, has been below 4% for 27th months in a row for the first time since the late 1960s. Layoffs are also near record lows. Consumer spending, the main driver of economic growth, remains strong and shows little sign of letting up. ‘It’s a pretty strong economy.'”

DePillis, Casselman NYT 5/3/24 “A less torrid expansion after the 242,000-job average over the prior 12 months isn’t necessarily bad news, given that layoffs have remained low and most sectors appear stable. ….The labor market has defied projections of a considerable slowdown for over a year in the face of a rapid escalation in borrowing costs, a minor banking crisis and two major wars. But economic growth declined markedly in the first quarter….Wage growth moderated sharply in April, sinking to 3.9 percent from a year earlier…..The average number of hours worked per week sank, another signal of a decline in labor demand. The numbers may be welcome news for the Federal Reserve, which has been holding interest rates steady as inflation has remained stubborn…..beyond public spending, much of the enduring strength stems from purchases by households, which have been burning through bank balances built during the pandemic. ….There’s been some attention in recent months on the growth of part-time employment, so it’s notable that the gains in April were entirely full time — part-time employment actually declined. There was, however, an increase in the number of people working part-time involuntarily, meaning they would have preferred full-time work…..The decline in the Black unemployment rate that Tal flagged earlier is very encouraging. Black workers have historically been among the first to lose their jobs in an economic downturn — as the late economist William Spriggs often said, they are the “canary in the coal mine” for the broader economy — so the rise in recent months had been a concerning sign.”

Stone, CBPP 4/4/24 “Economy Strong as 2023 Ended

Baker and Cai, Masking Real Unemployment: The Overall and Racial Impact of Survey Non-Response on Measured Labor Market Outcomes, 3/21

American Capitalism Has Produced Its Most Remarkable Innovation Yet: Breadlines  Savage, Jacobin 5/23  “As one commentator succinctly put it: ‘1) Too many people have jobs so the [Federal Reserve] raises rates to boost unemployment in the name of taming inflation. 2) People lose their jobs, making them need food stamps. 3) Politicians demand those same people get jobs to be eligible for food stamps, but the jobs are now harder to get.'” See a Bloomberg report on lines at food banks. One such line outside a Boston Red Cross facility “stretched the length of two football fields.”

Bivens, EPI 8/21 The promise and limits of high-pressure labor markets for narrowing racial gaps. This paper explores the promise and limits of high-pressure labor markets in reducing racial labor market gaps and how too-slack labor markets have helped thwart progress in closing the gaps. It then draws lessons from these investigations for policymakers.

Bivens & Shierholz, EPI 12/18 What labor market changes have generated inequality and wage suppression?

Equitable Growth Research showing rising mortality rates among white Americans suggests that increasing economic insecurity for this group may play a role in increasing mortality. New research shows that one form of insecurity—higher unemployment rates—is strongly associated with higher opioid death rates. The paper, … a National Bureau of Economic Research working paper, looks at the connection between unemployment and opioid abuse.

The EMRATIO [the ratio of employed to the the civilian noninstitutional population aged 16 years and over]  that is employed.has not fully recovered its pre-crisis level as of 3/24. https://fred.stlouisfed.org/graph/?graph_id=453007#0

Labor force participation rate [labor force as a % of civilian noninstitutional population] recovery since the recession by age, Fed. Res., St Louis. Note: except for those 55 and over, labor force participation rates have not yet recovered pre-crisis levels. 9/19 data. https://fred.stlouisfed.org/graph/?graph_id=316679#0

Full-time workers: http://www.bls.gov/web/empsit/cpseea06.htm

Many older workers have difficult jobs that put them at risk Working longer is not a viable solution to the retirement crisis, Morrissey, EPI 5/23

Worker Rights and Wages Policy Watch, EPI

Blue Collar Jobs Tracker, CEPR

Job Openings Rise in December But Quits Tell the Real Story Mishtalk, 1/24

Union Reformers Made Labor History in 2023. They’re Just Getting Started, Eidlin, In These Times, 1/24

Why Criminal Justice Reform Is Becoming a Corporate Priority, Maddox DMag. 9/23

New Data on Formerly Incarcerated People’s Employment Reveal Labor Market Injustices, Wang & Bertram, Prison Policy Initiative 9/22

The impact of the Raise the Wage Act of 2023, Zipperer, EPI 7/23

Could 300,000 Job Openings Be Fake? Here’s Why Goldman Thinks They Might Be, Saul, Forbes 5/23

Racial Differences in Unemployment Insurance, Ananat & Gassman-Pines, EconoFact 4/23

Employment of “People with a Disability” Spiked to Record in Hot Labor Market,  Richter, Wolf Street 2/3/23

Union membership rate 10.1% in 2022, down from 10.3% in 2021, but numbers up 1/23

Workplace Fatalities Hit Highest Rate Since 2016, Wells, Mfgnet 12/22

As Fed Pushes to ‘Get Wages Down,’ Study Shows CEO Pay Has Soared by 1,460% Since 1978 Workers pay rose by 18.1% between 1978 and 2021, Johnson, Common Dreams, 10/22

On the Clock and Tracked to the Minute, Kantor & Sundaram, NYT 8/15/22 “Offline work–doing math problems…reading printouts, thinking–didn’t register…”

Black Youth: More Likely to Need a Job, Less Likely to Get One, CEPR 8/22

Most Price Increases from Inflation Have Gone to Corporate Profits The inflation panic is causing some Democrats to pivot from social spending to deficit reduction. That’s exactly the wrong approach. / In These Times 5/22

Botched policy responses to globalization have decimated manufacturing employment with often overlooked costs for … workers of color, Scott etal, EPI 1/22

Union membership resumes its fall, Henwood, 1/22

Record number of minimum wage increases set for 2022, Gonzalez, Axios 12/21

The Great Escape The most vulnerable people in America have started the closest thing we’ve seen in a century to a general strike. Dayen, TAP 11/21

A record number of workers are quitting their jobs, empowered by new leverage Rosenberg, Wash.Post, 10/21

Quantifying the Impact of the Fight for $15: $150 Billion in Raises for 26 Million Workers…, Lathrop, Lester, & Wilson, NELP 7/21

The Bureau of Labor Statistics Counted Only Eight Strikes in 2020, Payday Report Counted 1,200, Leon & Elk, INET 7/21

Reforming unemployment insurance, EPI 6/21

Identifying the policy levers generating wage suppression and wage inequality, Mishel & Bivens, EPI 5/21

Is Unemployment Insurance Behind the Fast-Food Labor Shortage? In reality, it’s the low pay and abysmal working conditions, Sainato, TAP 5/21

The Black-White Wage Gap Is as Big as It Was in 1950, , NYT 6/20

Bosses in the US Have Far Too Much Power to Lay Off Workers Whenever They Feel Like It, Sheehan, Jacobin, 6/20

Obsession With Fraud Sabotages U.S. Aid to Millions Without Jobs, Kochkodin, 5/20 Bloomberg

Replacing workers has many costs, Carleton, Conversation 4/20

You’re the Real Job Creator: An interview with Stephanie Kelton, N+1 4/20

What the historically low U.S. unemployment rate means for women workers, Cumming, Equitable Growth, 3/20

The Robots Are Not Coming, Henwood, Jacobin 2/20

Low-wage work is more pervasive than you think” Ross & Bateman, Brookings, 11/19

Labor Historian Staughton Lynd’s Book Is Embraced by Google Workers and Uber Drivers, 10/19

The Military-Industrial Jobs Scam, Tomgram: Harris, Stimpson, and Freeman, 8/19

Black workers are being left behind by full employment, Perry, Brookings 6/19

Want to decrease suicide? Raise the minimum wage, researchers suggest, Cerullo, CBS News, 4/19

The Bogus Justification for Worker Non-Compete Clauses, Vaheesan, On Labor 4/19

Major Work Stoppages in 2018, BLS 2/19

Updated employment multipliers for the U.S. economy, Bivens, EPI 1/19

“…one new manufacturing job in the U.S. results in 7.4 new jobs in other industries. Whereas one new retail job creates just 1.2 new jobs.The only two industries with higher indirect job losses are utilities (9.6 to 1) and real estate and rental leasing (8.8 to 1).” J. Bivens, EPI GRAPHIC 1/19

How shareholder profits conquered capitalism – and how workers can win back its benefits for themselves, Brennan, Conversation, 10/18

Standards Go Out The Window As Employers Struggle To Fill Jobs,

Anti-Union Measure in Missouri Loses by Massive Margin, Baker, CEPR 8/18

Mystery of the Underpaid American Worker, Lindorff, Counterpunch 8/18

Huge Increase in Large Work Stoppages Seen in 2018, Dirnbach, Medium, 7/18

The economy is hot, yet many U.S. workers feel left behind. A new report sheds some light, Van Dam, Wash Post

“In total, RTW laws have led to a 14.2% increase in occupational mortality through decreased unionisation.” Does ‘right to work’ imperil the right to health? The effect of labour unions on workplace fatalities, Zoorob Occup. Envir. Med. 6/18

Disability applications plunge as the economy strengthens, Schwartz, CNBC 6/18

Grand Theft Paycheck: wage theft is pervasive in Corporate America. Good Jobs First, 6/18

Contingent and Alternative Employment Arrangements —MAY 2017, BLS 6/18

Federal investigators this month identified the largest cluster of advanced black lung cases ever officially recorded.

Medicaid Work Requirement Would Harm Unemployed, Not Promote Work, Katch, CBPP 1/18

Seattle’s $15 Minimum Wage Experiment Is a Success, 1/18

Union membership rate, at 10.7%, is unchanged in 2017, BLS 1/18

German workers strike for right to two-year, 28-hour working week: metalwork union’s campaign to improve work-life balance, 1/18

Minimum wage hikes in 18 states set for new year, The Hill, 1/18

Employment Hysteresis from the Great Recession, Yagan NBER 9/17

Employment in Europe and the US: the EU’s remarkable strength, Darvas & Pichler, Bruegel 9/17

Where Have All the Workers Gone? An Inquiry into the Decline of the U.S. Labor Force Participation Rate, Krueger, Brookings 9/17

How today’s unions help working people: Giving workers the power to improve their jobs and unrig the economy, Bivens et al, EPI 8/17

US Opioid Use Linked To Unemployment
, Moreno, ibtimes, 8/17 NBER study

New Report Finds Corporate Tax Cuts Boost CEO Pay, Not Jobs, Anderson, IPS 8/17

Macroeconomic Conditions and Opioid Abuse, Hollingsworth et al, NBER 2/17

Why I Dissented, Kashkari explains his vote at FOMC 3/17

‘Superstar Firms’ May Have Shrunk Workers’ Share of Income, Cohen, NYT 3/17

Falling Labor Force Participation: Demographics or Lack of Jobs? Dantas & Wray 2/17

Union membership rate in 2016 is 10.7%, down from 11.1% in 2015  BLS, 1/17 CEPR

 Economic Realities in America: By The Numbers, Pearle ABC News 1/17

American Marriage in the Time of the Recession, Campbell, Atlantic 11/16

The U.S. Job Recovery Is a Global Laggard,  Kocherlakota, Bloomberg, 10/16

Happy Labor Day! There Has Never Been a Middle Class Without Strong Unions, Schwarz, Intercept 9/16

The State of the Unions 2016: A Profile of Organized Labor in NYC, NYS, & the US, Milkman and Luce, Murphy Ctr for Worker Education, 9/16

Black Workers, Unions, and Inequality  Bucknor, CEPR 8/16

When workers don’t get paid sick days, everyone else is more likely to get sick, Paquette, Wash. Post, 8/16

‘Middle class’ used to denote comfort and security. Not anymore Quart, Guardian 7/16

“There are three main reasons the vaunted economic recovery still feels false to so many. The first is the labor participation rate, which plunged at the start of the Great Recession and discounts the millions of Americans who have been out of work for six months or more. The second is “the 1099 economy,” … the soaring number of temps, contractors, freelancers, and other often involuntarily self-employed workers. The third is a surge in low-wage service jobs, coupled with a corresponding decrease in middle-class jobs.” Why America’s impressive 5% unemployment rate feels like a lie for so many Kendzior, Quartz 4/16

Business Leaders Have Abandoned the Middle Class, Haque, HBR, 6/16

Producing Poverty: The Public Cost of Low-Wage Production Jobs in Manufacturing Berkeley Labor Ctr 5/16

Report of 10,000 severe workplace injuries might be only half the problem, Wash. Post, 3/16

The missing puzzle piece of the global economic recovery is finally falling into place, Bird 6/15

State, Met. Area Employment and Unemployment Data, BLS

The Missing Piece of the Global Recovery

Interactive map: Unemployment rates by state, BLS

International Labor Comparisons, BLS

At Amazon.com “cheap” comes at a very hefty price, Hightower 8/14

Report Uncovers the Real Costs of Outsourcing Public Services, JwJ 3/14

Do You Have Job Fear? What’s Why We Need Full Employment, Johnson CAF 8/13

Millions of Americans live in extreme poverty, Matthews, 5/13

Going Nowhere: Workers Wages since the Mid-1970s, TCF, 1/13

How Do States’ Safety Net Policies Affect Poverty? Wheaton et al, Urban Instit, 9/11

Who Has Benefitted from the Post-Great Recession Recovery? Sum &McLaughlin 7/11

How Government spent your income taxes, National Priorities Project

International Unemployment Rates and Employment Indexes 2008-2009, BLS

How America Can Create Jobs, Andy Grove, Intel, BW 7/10

SF Labor Council demands U.S. enforcement of treaties & laws ensuring Full Employment, Right to a Job & Union Rights, 3/10

How a New Jobless Era Will Transform America, D.Peck,, Atlantic, 3/10

Unions and Other Community Groups Benefit Local Economic Development 8/09

U.S. Economic Output Recession of 2007-2009: The Role of Corporate Job Downsizing, Work Hour Reductions, Labor Productivity Gains, and Rising Corporate Profits Ctr for Labor Market Studies:  Sum & al, 7/10

Welfare Aid Isn’t Growing as Economy Drops Off, NYT, 2/09

Illegal Firings During Union Election Campaigns, CEPR 3/09

Conference Board Employment Trends Index

The Good, The Bad, and the Ugly: Job Quality in the United States over the Three Most Recent Business Cycles, Schmitt, CEPR, 11/07

No-Benefit Jobs Leave Parents Struggling, H. Boushey, Sojourners, S/O 07

Unemployment may depress immune function, 4/07

Data–employment, earnings, family income, hours, prices, unionization

Finding the better fit: Receiving unemployment insurance increases likelihood of re-employment with health insurance, Heather Boushey

Ownership Society–Social Security Is Only the BeginningWray, Levy Inst.

Millions of Working People Don’t Get Paid Time Off for Holidays or Vacation , EPI, 8/05

Injuries to All [workplace injuries]

Government Budget Calculator, CEPR

The Rise in Job Displacement, 1991-2004, Crisis in Manufacturing, CEPR, 8/04