Last updateWed, 24 May 2017 2pm


U.S. Job Openings at Seven-Month High In February

The number of job openings in the U.S. was up slightly to 5.7 million on the last business day of February, the highest number since last July 2016, the U.S. Department of Commerce reported this week. Job openings increased in a number of industries, with the largest changes occurring in health care and social assistance (+73,000), accommodation and food services (+66,000), and finance and insurance (+47,000). 

U.S. Manufacturing Employment Currently at 1941 Levels

“The glory days of manufacturing were the 1970s. Back then, over 19.5 million Americans earned their paycheck from factory work. It's been a fairly steady decline ever since. Today only 12.4 million workers remain in the industry,” CNNMoney reports.

“The reality is some of the jobs once done by human hands are now done by robots. U.S. manufacturing output is at an all-time high, but manufacturing employment remains subdued. It's come back a little since hitting a nadir of 11.5 million in 2009, but it's not even back to pre-crisis job levels, let alone the glory days.” 

U.S. Adds 98,000 Jobs, Unemployment Rate Now 4.5%

The unemployment rate declined from 4.7% to 4.5% in March, the lowest it’s been since May 2007, and total nonfarm payroll employment edged up by a lower than anticipated 98,000, the U.S. Department of Labor reported today.

Employment increased in professional and business services and in mining, while retail trade lost jobs. Employment in manufacturing showed little or no change over the month. 

Construction Spending in February Hits 11-Year High

Construction spending during February 2017 was estimated at a seasonally adjusted annual rate of $1,192.8 billion, 0.8% above the revised January estimate of $1,183.8 billion, the Commerce Department reports. The February figure is 3.0% above the February 2016 estimate of $1,157.7 billion. During the first 2 months of this year, construction spending amounted to $163.3 billion, 3.0% above the $158.5 billion for the same period in 2016. 

More Than 12 STEM Jobs Posted for Every Available STEM Worker

A New American Economy (NAE) research brief finds that between 2010 and 2016, U.S. science, technology, engineering and math (STEM) fields face persistent and dramatic worker shortages. NAE compared the number of online STEM job postings from 2010 to 2016 to the number of unemployed STEM workers available to fill them. The study shows that in 2016, there were more than a dozen STEM jobs posted online for every available, trained STEM worker. In 2015, North Dakota, South Dakota, Iowa and Nebraska had between 45 and 88 STEM jobs posted online for every one unemployed eligible worker. 

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