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A Broader Look at the U.S. Employment Situation and the Importance of a Good Education

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Bibliographic Details
Title: A Broader Look at the U.S. Employment Situation and the Importance of a Good Education
Language: English
Authors: Greenstone, Michael, Looney, Adam, Brookings Institution, Hamilton Project
Source: Hamilton Project. 2011.
Availability: Hamilton Project. Available from: Brookings Institution. 1775 Massachusetts Avenue NW, Washington, DC 20036. Tel: 202-797-6484; Fax: 202-741-6575; e-mail: info@hamiltonproject.org; Web site: http://www.hamiltonproject.org
Peer Reviewed: N
Physical Description: PDF
Page Count: 4
Publication Date: 2011
Document Type: Reports - Descriptive
Education Level: Adult Education
Descriptors: Employment Level, Employment Patterns, Labor, Labor Market, Labor Force, Unemployment, Labor Economics, Trend Analysis, Educational Attainment, Economic Impact, Supply and Demand, Labor Needs, Labor Supply
Abstract: The January employment numbers, released today by the U.S. Department of Labor, present mixed evidence about the state of the labor market. While the unemployment rate dropped to 9 percent, payrolls were just better than flat, increasing by only 36,000 jobs last month. Much attention is given to the official unemployment rate, which is certainly an important indicator of our employment situation. But, in fact, the unemployment rate tends to understate the severity of the challenge for American workers in the aftermath of the Great Recession. In this month's posting, The Hamilton Project provides a more comprehensive look at the U.S. employment situation, focusing on a broader measure of the unemployed. In addition, the authors examine the impacts of education on unemployment and the widening gap between the least- and best-educated workers. Finally, they continue their focus on the "jobs gap," or the number of jobs the economy needs in order to return to return to pre-recession employment levels while absorbing the 125,000 people who enter the labor force each month.
Abstractor: ERIC
Entry Date: 2013
Access URL: https://www.hamiltonproject.org/files/downloads_and_links/01_jobs_education.pdf
Accession Number: ED542947
Database: ERIC
Description
Abstract:The January employment numbers, released today by the U.S. Department of Labor, present mixed evidence about the state of the labor market. While the unemployment rate dropped to 9 percent, payrolls were just better than flat, increasing by only 36,000 jobs last month. Much attention is given to the official unemployment rate, which is certainly an important indicator of our employment situation. But, in fact, the unemployment rate tends to understate the severity of the challenge for American workers in the aftermath of the Great Recession. In this month's posting, The Hamilton Project provides a more comprehensive look at the U.S. employment situation, focusing on a broader measure of the unemployed. In addition, the authors examine the impacts of education on unemployment and the widening gap between the least- and best-educated workers. Finally, they continue their focus on the "jobs gap," or the number of jobs the economy needs in order to return to return to pre-recession employment levels while absorbing the 125,000 people who enter the labor force each month.