US Labor Market Roundup: September Jobs Report and the Post-COVID US Labor Market
October 14 | Indications Podcast | Comments (0)
We react to the September jobs report and then discuss the Post-COVID US Labor Market and what we can we expect in 2025. The COVID-19 pandemic and reduced consumption due to social distancing is driving the deepest economic recession since the Great Depression. As consumers remain reluctant to spend and as layoff announcements pick up, US employment will be slow to recover to pre-pandemic levels in the near term.
International Labor Markets - differences between the US, Europe, and Emerging Markets
September 23 | Indications Podcast | Comments (0)
An update on the state of labor markets in the US and Europe. How many people have lost their job and what is the outlook? In which occupations and industries have job losses been the largest? What are the main differences between labor markets in the US and Europe? A follow up on our previous podcast on international labor markets.
US Labor Market Roundup: August Jobs Report and the Delayed Wage Crunch
September 17 | Indications Podcast | Comments (0)
We react to the August jobs report and then discuss compensation trends and why the wage crunch might be delayed. Since the outbreak of COVID-19, organizations have taken several workforce cost reduction measures, including cutting wages and salaries. In addition, with revenues under pressure and many people out of work, employers are entering a new era where wage growth may hit a historical low.
The economy is struggling to keep up with the rise in coronavirus cases
July 27 | Agron Nicaj, Associate Economist, The Conference Board | Gad Levanon, PhD, Vice President, Labor Markets, The Conference Board | Comments (0)
After weeks of growth following the phased opening of businesses, the US economy is showing signs of slowing down. Many states are experiencing an increase in the number of COVID-19 cases and some have recently reimplemented restrictions, that had been lifted in May-June.
What types of jobs will experience a large permanent increase in remote working?
July 13 | Gad Levanon, PhD, Vice President, Labor Markets, The Conference Board | Agron Nicaj, Associate Economist, The Conference Board | Frank Steemers, Economist, The Conference Board | Comments (0)
There is a growing consensus that the share of remote workers will remain well above pre-pandemic rates. But in what types of jobs is this most likely to happen? We project a large increase in remote-working rates for clerical and administrative office jobs, a labor market segment which had relatively low remote-work rates in the pre-pandemic era.