America's Jobs Challenges and the Continuing Role of the U.S. Department of Labor
نویسنده
چکیده
The Great Recession and its aftermath have been a particularly trying period for American workers and their families. In 2008 and 2009 employment collapsed in the wake of the financial crisis. From 2007 to 2009, the unemployment rate more than doubled and peaked at 10.0% in October 2009. More than four years into an economic recovery, the unemployment rate remains abnormally high and longterm joblessness a major problem. The employment crisis has exacerbated longer term U.S. labor market trends of rising inequality, tepid real wage growth for most workers, and a decline in middlewage jobs. In the adverse economic climate that has resulted America faces four major jobs challenges that highlight the continuing integral role of the U.S. Department of Labor (DOL) in supporting the American workforce on the one hundredth anniversary of DOL’s establishment. The first jobs challenge is the need for stronger macroeconomic performance with more rapid economic growth and employment expansion to alleviate the high cyclical unemployment and longterm joblessness that continues as of 2013. The second is to combat the persistent social and economic costs of high rates of job loss and longterm unemployment for experienced workers (Davis and von Wachter 2011) and the potentially permanent adverse impacts on young workers of starting careers in a weak labor market with lowrates of “churn” and limited upward mobility options (Kahn 2010; Lazear and Spletzer 2012). This second challenge will be made easier but will still remain, even in the presence of a stronger macroeconomic recovery. The third challenge is to address longer term secular trends of rising labor market inequality, growing educational wage gaps, and labor market polarization in the face of
منابع مشابه
The Effects of China's Growth in Manufacturing Sector in the U.S. Economy
T his paper investigates the gain of bilateral trade between China and U.S. in manufacturing sectors when both countries play a role in asymmetric (biased) growth of international trade. Our model includes a special case of Biased Growth Theory in international trade. We collected labor productivity, export and import data by using classification of manufacturing industries, for U.S...
متن کاملتحولات بحرین؛ بررسی چالش ها و فرصت های پیش روی امنیت ملی جمهوری اسلامی ایران
Present paper, using a descriptive-analytical approach, is aimed to analysis the transformations in Bahrain and challenges and opportunities facing the national security of Iran. In order to achieve research objectives, present study employed Martin’s integrated approach in studying Middle East’s national security as theoretical framework and considering five independent variables (combination ...
متن کاملThe Viewpoints of Dentists toward Continuing Dental Education
Introduction: Continuing education can play an important role in improving and keeping dentists’ level of knowledge and skills. Hence, investigation on continuing education program seems to be necessary. This study was performed to assess dentists’ viewpoints about continuing education on oral medicine. Methods: This descriptive cross-sectional study was conducted on 300 dentists participating...
متن کاملتحلیل نقش مراکز کاریابی در بازار کار با نگاهی به تجربه ایران
Job centers have an outstanding role in the process of labor force employment through cutting the costs of labor force adjustment. This paper studies the dynamic models of the labor force demand with the aim of pinpointing job centers role in labor market. According to the results, "job search and matching" approach better and more thoroughly considers the role of job centers in the labor marke...
متن کاملInternational Capital Movements and Relative Wages: Evidence from U.S. Manufacturing Industries
In this paper, we use a multi-sector specific factors model with international capital mobility to examine the effects of globalization on the skill premium in U.S. manufacturing industries. This model allows us to identify two channels through which globalization affects relative wages: effects of international capital flows transmitted through changes in interest rates, and effects of international...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2013