The broad decline, revealed in a Labor Department report Wednesday, offers the latest sign the labor market recovery kicked into a higher gear in 2014. The declines varied broadly.
Unemployment fell the most in Illinois, where the rate dropped 2 percentage points from the prior year to an average 7.1%. The rate declined by 1.8 points in Colorado, North Carolina and Ohio. [...]
Unemployment across the entire U.S. fell 1.2 points to 6.2% last year. — blogs.wsj.com
Call them members of the permanent intern underclass: educated members of the millennial generation who are locked out of the traditional career ladder and are having to settle for two, three and sometimes more internships after graduating college, all with no end in sight. — The New York Times
The New York Federal Reserve’s latest research report discusses a number of difficulties facing recent college graduates, including unemployment. [...]
After dividing the pool into 13 different undergraduate majors, and using data from 2009 to 2011, some academic pursuits proved likelier to land graduates a job. [...]
For instance, the unemployment rate for architecture and construction majors was 8%, likely related to the fate of housing-related sectors following the housing bust. — Quartz
Rusty Shackleford quipped "I wonder what the realtor spin will be with these units... ‘Japan style luxury!’ ‘MINI COOPER with plumbing! Going fast!’ ...I lived once in 275sg.ft. place in NYC. A more appropriate name for this housing type would be JAIL." KarjaCH countered "if properly designed with great attention paid to detail, 300 sf can be the most amazing place to live". Meanwhile hanque helpfully pointed out "if you look at the RFP they've already been designed."
According to a new study led by Connie Wanberg, a University of Minnesota professor of organizational and work behavior, the average laid-off worker experiences a gradual improvement in mental health until the 10- to 12-week mark, when the trend reverses.
The study found that those participants who reported better mental health tended to conduct more intense job searches, increasing their likelihood of landing jobs. — online.wsj.com
With steady migration to Sun Belt states and many baby boomers retiring in the next few years, there should be an uptick in demand for new homes, healthcare facilities, and office buildings. This means the job market for architects should remain solid. The Bureau of Labor Statistics projects architect employment growth of 23.1 percent between 2010 and 2020, adding 31,300 more professionals to the 135,400 already-existing jobs in this field. — money.usnews.com
Recent college graduates with bachelor’s degrees in the arts, humanities and architecture experienced significantly higher rates of joblessness, according to a study being released Wednesday by Georgetown University’s Center on Education and the Workforce.
Among recent college graduates, those with the highest rates of unemployment had undergraduate degrees in architecture (13.9 percent), the arts (11.1 percent) and the humanities (9.4 percent), according to the study. — washingtonpost.com
High joblessness and the weak economic recovery pushed the ranks of the poor in the U.S. to 46.2 million in 2010 -- the fourth straight increase and the largest number of people living in poverty since record-keeping began 52 years ago, the Census Bureau reported Tuesday. — LA Times
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