Friday, 10 October 2014

Five trends in the U.S. labor market


An article published in the section of economy of CNN highlights five trends that, beyond the figures of unemployment, may go unnoticed.

The first is that, currently, 139 million people on payroll in the United States, the figure most ever recorded in the history. The reason is the increase of the population, although 9 million people remain unemployed.

The second key point is that one-third of the workers are self-employed, more than 50 million people: in 2006, the report of the Government Bureau of statistics indicated that the percentage was 31%, which has a 34%, according to a survey of the Freelancers Union. Another study, conducted by Intuit, calculates that it will be 40% in 2020 given the trend of workers under 35 years to become self-employed.


 The third figure is worrying: approximately five million between 16 - 24 years old are NEET: one in seven youths neither studying nor working, said the report by the Social Science Research Council last year. In some neighborhoods, percentage rises to 30%, with racial correlations, especially in young African Americans and latinos. However, the number of unemployed young people of these ages is 13.6%, the lowest since the recession, began as it details the Bureau of labor statistics.

The penultimate data also draws attention, since women still earning less money that men - only 82% - despite the fact that they perform the same work. A report by the Institute of research of policies for women, stresses that females full-time earn less money than men in 101 of the 112 works studied. The salary differences are even greater in many of the best paid jobs as developers of software and CEOs, financial managers.

Finally, the latest trend to take into account is that about 10,000 baby-boomer - generation born in lathe to 1945 - retire every day, which could lead to some 30 million vacancies in 2020. In addition, these pensioners will require medical attention, so new opportunities for doctors, nurses, caregivers and others will come up personal healthcare.


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