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Displaying 1 - 25 of 26
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Artificial intelligence and the US labor market

Thursday, January 18, 2024

Artificial intelligence (AI) is already well integrated into the American workforce; in 2022, 19% of American workers were in jobs identified as most exposed to AI, compared to 23% in the least exposed jobs, according to a study by Pew Research. Jobs identified as most exposed are those in which the most critical responsibilities can either be replaced or assisted by AI.

  • Read more about Artificial intelligence and the US labor market

Should job outcomes be the bottom line for higher education?

Thursday, November 9, 2023

In Mississippi, the state auditor released a report  in September 2023 that rated academic degrees by whether the degree would lead to a well-paying job. He suggests that Mississippi invest more in programs in the subject areas leading to those high-paying, in-state jobs. Basing appropriations on immediate wage outcomes implies that near-term economic return is the only benefit that matters, and it is a theme that is recurring frequently.

  • Read more about Should job outcomes be the bottom line for higher education?

Harvard introduces nationwide labor market mapping tool

Thursday, May 4, 2023

College earnings premiums appear to be declining for the first time in decades and the value proposition of college is beginning to fade in the eyes of many, according to the Harvard Workforce Almanac. As education costs continue to skyrocket and student debt mounts, Americans are reconsidering whether college is truly worth the expense. One means of addressing the issue is to provide data to better inform decision-making.

  • Read more about Harvard introduces nationwide labor market mapping tool

Recent Research: Growing concentration of older & larger firms becoming more impactful on US employment & job creation

Thursday, March 3, 2022

Adding to the debate about whether smaller or larger businesses play an outsized role in the nation’s economy, a new Census Bureau report finds that the concentration of both older and larger firms has continued to increase in the U.S.

Adding to the debate about whether smaller or larger businesses play an outsized role in the nation’s economy, a new Census Bureau report finds that the concentration of both older and larger firms has continued to increase in the U.S. economy over the last several decades, giving these firms an overall greater impact on employment and job growth than younger and smaller firms. Specifically, the report indicates that decreases in the national share of startup firms over the last several decades lead to an increased concentration of older firms, which in turn has had a greater impact on national employment and job creation than an increase in larger firms over the same period.

  • Read more about Recent Research: Growing concentration of older & larger firms becoming more impactful on US employment & job creation

CT establishes a Green Job Corps Program

Thursday, June 29, 2023

Connecticut Governor Ned Lamont has signed into law a bill that establishes a green jobs corps program. This program will identify a talent development strategy for communities to address the impacts of climate change and reduce carbon emissions. The bill includes several provisions to accomplish those goals and a plan to market and recruit these jobs to individuals, especially from underrepresented populations.

  • Read more about CT establishes a Green Job Corps Program

NIST MEP seeks new director; applications due May 8

Thursday, April 18, 2024

The National Institute of Standards and Technology (NIST) have posted the position for director, Hollings Manufacturing Extension Partnership (MEP) Program after the recent announcement that the previous director had left to become director of the CDFI Fund. The director “directs and controls the activities of the MEP,” according to the posting.

  • Read more about NIST MEP seeks new director; applications due May 8

JOLTS data metrics: a look at the long-term trends

Thursday, May 25, 2023

A new data analysis of the Job Openings and Labor Turnover Survey (JOLTS) by SSTI indicates again the significant impact the pandemic had on the manufacturing sector. While job openings in manufacturing ranged on a monthly basis from 0.8 to 3.9% of total manufacturing employment in the 20 years prior to the pandemic, it jumped to as much as 7.4% in April 2022. Job openings in manufacturing increased dramatically after the pandemic, presumably as a result of the American economy attempting to adjust for disrupted supply chains and a move to bring more manufacturing back to the U.S.

  • Read more about JOLTS data metrics: a look at the long-term trends

BFTP programs boost PA economy by $4.1 billion over five years

Thursday, January 10, 2019

An independent economic analysis of the Ben Franklin Technology Partners reveals its impact on Pennsylvania’s economy — boosting the overall economy by $4.1 billion between 2012 and 2016, helping to create 11,407 high-paying jobs and generating $385 million in tax receipts for the state. Because the jobs were created in industries that pay 52 percent higher than the average nonfarm salary in Pennsylvania, the impact on the state’s GSP was greater, according to the report.

  • Read more about BFTP programs boost PA economy by $4.1 billion over five years

Useful Stats: Job Creation by Firm Age, 2014-2018

Thursday, September 26, 2019

For years, there have been arguments back and forth on which companies are the greatest job creators. The argument began with advocates for small businesses saying that small businesses were the engine of job creation. In recent years, others have argued that it’s not the size of the business that’s significant so much as the age of the business and that it’s young businesses that create most of the jobs.

For years, there have been arguments back and forth on which companies are the greatest job creators. The argument began with advocates for small businesses saying that small businesses were the engine of job creation. In recent years, others have argued that it’s not the size of the business that’s significant so much as the age of the business and that it’s young businesses that create most of the jobs.

Analysis by SSTI of Census Bureau’s Business Employment Dynamics (BDM) data finds a more nuanced picture when examining states’ shares of net job creation by firm age.

  • Read more about Useful Stats: Job Creation by Firm Age, 2014-2018

Clean energy jobs will require workforce transition

Thursday, April 25, 2019

Earth Day has evolved from environmental consciousness raising in its beginnings in the early 1970s to this year’s celebration surrounded with climate change concerns and development of the clean energy industry.  A recent report from the Brookings Institution shows more discussion needs to happen around the types of workers, activities and skills that will be needed in the clean energy industry, and how those efforts can be more inclusive.

Earth Day has evolved from environmental consciousness raising in its beginnings in the early 1970s to this year’s celebration surrounded with climate change concerns and development of the clean energy industry..  A recent report from the Brookings Institution shows more discussion needs to happen around the types of workers, activities and skills that will be needed in the clean energy industry, and how those efforts can be more inclusive. Transitioning to a clean energy economy will involve 320 unique occupations spread across clean energy production, energy efficiency and environmental management, the authors found. The report highlights the fact that those workers earn higher and more equitable wages compared to all workers nationally, and many of those occupations tend to have lower educational requirements.

  • Read more about Clean energy jobs will require workforce transition

Manufacturers' outlook strong; demand for skilled workers grows

Thursday, May 2, 2019

In the first quarter Manufacturers’ Outlook Survey for 2019, manufacturers continue to report a positive outlook for their own company and marked nine consecutive quarters of record optimism. However, their top concern remains the inability to attract and retain a quality workforce (71.3 percent cited the inability to attract skilled workers as their top challenge).

  • Read more about Manufacturers' outlook strong; demand for skilled workers grows

New report urges consistency from higher ed on job placement rates

Thursday, December 20, 2018

A new report from The Institute for College Access and Success (TICAS) released last week describes the misleading perceptions resulting from employment rates used by the three entities tasked with oversight of the U.S. higher education system and proposes two specific measurements that could better inform student choices.

  • Read more about New report urges consistency from higher ed on job placement rates

Useful Stats: Top industries by state for net establishment and job creation, 2005-2019

Thursday, October 7, 2021

Understanding the industry-level dynamics of business and job creation can help pinpoint which industries in regional economies may be hotspots for innovation activity.

Understanding the industry-level dynamics of business and job creation can help pinpoint which industries in regional economies may be hotspots for innovation activity. This edition of Useful Stats builds on previous SSTI analysis of business and job creation by state and examines data from the Census Bureau’s recently updated Business Dynamics Statistics (BDS) on net establishment and job creation in 2019 at the state and industry levels. The data serves as a useful baseline of where the economy stood prior to the pandemic’s start in 2020. While the national data shows that five industries experienced net establishment losses in 2019, industry trends at the state level vary widely with some states seeing losses across many industries while others experienced losses in only a few. There were also similar national- and state-level trends in net job creation in 2019. This analysis also provides additional context by examining the long-term state trends in these metrics from 2005 to 2019.

  • Read more about Useful Stats: Top industries by state for net establishment and job creation, 2005-2019

State of Ohio commits $265 million for new innovation district

Thursday, January 28, 2021

Ohio’s governor and other state leaders this week announced the creation of a new Cleveland Innovation District, with the state of Ohio, through the Ohio Development Services Agency (DSA), JobsOhio and the Cleveland Clinic committing a combined $565 million to the new district.

Ohio’s governor and other state leaders this week announced the creation of a new Cleveland Innovation District, with the state of Ohio, through the Ohio Development Services Agency (DSA), JobsOhio and the Cleveland Clinic committing a combined $565 million to the new district. The new district will bring together Northeast Ohio’s leading healthcare providers and education institutions with the goal of creating a pathogen center with global reach. DSA is committing to $155 million, $100 million will be in the form of a loan, the terms of which are still being finalized, and an estimated $55 million in Job Creation Tax Credits (JCTC) over a 15-year period. JobsOhio will invest $110 million and an additional $300 million will be invested by Cleveland Clinic.

  • Read more about State of Ohio commits $265 million for new innovation district

Manufacturing sector’s economic contributions celebrated while reports caution uneven regional and racial benefits

Thursday, October 8, 2020

As Manufacturing Day continues to be recognized throughout the month of October, the Census Bureau issued a press release highlighting the key economic contributions of the manufacturing sector. The release highlighted the increases in the value of shipments and employment in the manufacturing sector from 2017 to 2018, as well as the sector’s nearly 60 percent share of U.S. exports. But a recent report from Policy Matters Ohio and The Century Foundation set a more cautionary note.

As Manufacturing Day continues to be recognized throughout the month of October, the Census Bureau issued a press release highlighting the key economic contributions of the manufacturing sector. The release highlighted the increases in the value of shipments and employment in the manufacturing sector from 2017 to 2018, as well as the sector’s nearly 60 percent share of U.S. exports. But a recent report from Policy Matters Ohio and The Century Foundation set a more cautionary note. Analyzing data over a much longer period and focused on four states in the Great Lakes region, the report finds that manufacturing jobs had not yet recovered to pre-Great Recession levels even before the COVID-19 pandemic began, and that the wage advantage of manufacturing has continued to erode compared to other sectors in the region.

  • Read more about Manufacturing sector’s economic contributions celebrated while reports caution uneven regional and racial benefits

Technology can lead to better jobs, more prosperity says MIT report

Thursday, November 19, 2020

After two years of research on technology and jobs, MIT’s Task Force on the Work of the Future has issued its final report, and the news is hopeful: with better policies in place, more people could enjoy good careers even as new technology transforms workplaces.

  • Read more about Technology can lead to better jobs, more prosperity says MIT report

Pandemic speeding automation; impact on jobs could worsen inequality

Thursday, October 29, 2020

New analysis from the World Economic Forum (WEF) forecasts an 85 million global loss in jobs by the year 2025 due to pandemic-induced increase in technology adoption. While social distancing measures such as remote work have already brought many white collar workers into the “future of work,” the quickened pace of technology adoption and automation across all sectors will create greater employment challenges for lower paid and lower skilled workers.

New analysis from the World Economic Forum (WEF) forecasts an 85 million global loss in jobs by the year 2025 due to pandemic-induced increase in technology adoption. While social distancing measures such as remote work have already brought many white collar workers into the “future of work,” the quickened pace of technology adoption and automation across all sectors will create greater employment challenges for lower paid and lower skilled workers. The WEF’s Future of Jobs Report 2020 also indicates that the jobs created to work with these new technologies could reach 97 million by 2025. However, business leaders and the public sector must take action to promote equitable workforce development and prepare all workers for the jobs of the future.

While the bulk of the report takes a global perspective, the WEF also provides several country-specific profiles. The trends in the U.S. profile indicate that 57.6 percent of companies surveyed are accelerating the automation of tasks in response to the pandemic, and 91.5 percent are accelerating the digitization of work processes, while only 44.1 percent are implementing upskilling and reskilling programs. As companies increasingly rely on technology — and the use of technology — to complete essential business functions, displaced workers will face increasing demand for new, technology-based skills.

  • Read more about Pandemic speeding automation; impact on jobs could worsen inequality

Need for new workforce models increases as economy rebuilds

Thursday, June 10, 2021

The May jobs report that was released last Friday contained better news than the disappointing numbers from April, with May figures showing 559,000 jobs added and unemployment declining by 0.3 percentage point to 5.8 percent. But the jobs picture remains complicated.

  • Read more about Need for new workforce models increases as economy rebuilds

Recent Research: Automation not resulting in greater job loss at the country level

Thursday, February 25, 2021

Discussions surrounding automation’s power and the effect it could have on jobs have only increased over time. The current pandemic adds to the debate of whether automation and robotics, which are unaffected by viruses and have the potential for cost savings, could offer a safer bet for industries than human labor. Such are the debates the authors of a new working paper considered in their research examining jobs that were identified in the past as being at risk of elimination through automation.

  • Read more about Recent Research: Automation not resulting in greater job loss at the country level

EDA announces 32 winners of $500 million Good Jobs Challenge

Wednesday, August 3, 2022

Thirty two industry-led workforce training partnerships from across the country were announced as the grant winners of the $500 million Good Jobs Challenge by the U.S. Economic Development Administration.

  • Read more about EDA announces 32 winners of $500 million Good Jobs Challenge

More than $1B in new state and local initiatives for clean energy announced

Thursday, October 21, 2021

New York City and the state of Illinois have both made moves recently to shift more of their economies to clean energy.

New York City and the state of Illinois have both made moves recently to shift more of their economies to clean energy. Mayor Bill de Blasio and the New York City Economic Development Corporation (NYCEDC) announced a 15-year, $191 million Offshore Wind Vision (OSW) plan to make New York City a leading destination for the offshore wind industry.  Last month, Illinois Gov. J.B. Pritzker signed sweeping legislation offering new incentives for the adoption of clean energy and aim to move it to 100 percent clean energy by 2050. And Massachusetts Gov. Charlie Baker is looking to use American Rescue Plan Act (ARPA) money to establish a clean energy investment fund.

  • Read more about More than $1B in new state and local initiatives for clean energy announced

EDA’s Good Jobs Challenge nets 509 proposals for $500 million initiative

Thursday, June 23, 2022

Manufacturing, healthcare services, information technology, building and construction, and transportation, distribution and logistics are the top five industries by number of applications submitted to the U.S. Economic Development Administration’s Good Jobs Challenge, according to EDA.

  • Read more about EDA’s Good Jobs Challenge nets 509 proposals for $500 million initiative

Job Quality Toolkit aims to move dialogue on quality jobs and retaining workers

Thursday, September 22, 2022

The Baldrige Performance Excellence Program at NIST recently released the Job Quality Toolkit which outlines eight “drivers of job quality.” The toolkit aims to enhance the discussion around job quality, becoming an “actionable tool… to improve the quality of every job,” which will improve employee recruitment and retention.

  • Read more about Job Quality Toolkit aims to move dialogue on quality jobs and retaining workers

Georgetown study argues Employment Social Enterprises significantly mitigate structural workforce issues

Wednesday, October 27, 2021

The findings from a recent webinar and report suggest that Employment Social Enterprises (ESEs) are significant market-based mechanisms that can address workforce misalignment by supplying employers with skilled workers while increasing economic mobility and addressing structural employment barriers.

  • Read more about Georgetown study argues Employment Social Enterprises significantly mitigate structural workforce issues

Useful Stats: Job creation by state and establishment size, 2019

Thursday, October 28, 2021

Support for small companies has long been a pillar of federal and state policies meant to drive business formation, job creation, and the resulting spillover economic benefits for regional economies. The debate remains, however, about whether smaller or larger businesses play an outsized role in the nation’s economy.

Support for small companies has long been a pillar of federal and state policies meant to drive business formation, job creation, and the resulting spillover economic benefits for regional economies. The debate remains, however, about whether smaller or larger businesses play an outsized role in the nation’s economy. This edition of Useful Stats provides some context to the argument, finding that although smaller and newer establishments accounted for the greatest amount of total job creation, job losses from small business closures reduced the group’s net job creation significantly, leaving larger companies to account for the greatest share of net job creation in 2019.

  • Read more about Useful Stats: Job creation by state and establishment size, 2019

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