Center for Labor Markets and Policy | Drexel University Paul E. Harrington Center for Labor Markets and Policy Drexel University America at Full-Employment? Understanding Labor Market Imbalances in the Context of Sluggish Economic Growth

Center for Labor Markets and Policy | Drexel University

The Beveridge Curve (Monthly Job Vacancy Rate versus Unemployment Rate) Seasonally Adjusted, December 2000 to April 2015

Center for Labor Markets and Policy | Drexel University Unemployment and Job Vacancy Rates, by Selected Major Industry, U.S. April, 2015 Unemployment RateJob Vacancy Rate Construction Manufacturing Durable Non Durable TTU RetailNA3.4 Prof and Business Education & Health Health Care and Social AssistanceNA4.7 Leisure & Hospitality Arts and EntertainmentNA3 Accomommodataiona nd Food ServicesNA4.9 Government2.32.2

Center for Labor Markets and Policy | Drexel University UnemployedJob VacanciesU/V Construction Manufacturing Durable Non Durable TTU Retail Prof and Business Education & Health Health Care and Social Assistance Leisure & Hospitaltiy Arts and Entertainment Accommodation and Food Services Government Ratio of Unemployed to Job Vacancies in the U.S., 2015

Center for Labor Markets and Policy | Drexel University Job VacancyNew HiresSeparations NumberPercentNumberPercentNumberPercent Ratio of Separations to Hires Total Construction Manufacturing Durable Non Durable TTU Retail Prof and Business Education & Health Health Care and Social Assistance Leisure & Hospitaltiy Arts and Entertainment Accommodation and Food Services Government Job Openings and Labor Turnover in the U.S., 2015

Center for Labor Markets and Policy | Drexel University Unemployment Rates by Occupation in the U.S., 2007, 2010, and 2014 (CPS Annual Averages) Occupation Management Occupations Business and Financial Operations Occupations Computer and Mathematical Occupations Architecture and Engineering Occupations Life, Physical, and Social Science Occupations Community and Social Services Occupations Legal Occupations Education, Training, and Library Occupations Arts, Design, Entertainment, Sports, and Media Occupations Healthcare Practitioner and Technical Occupations Healthcare Support Occupations Protective Service Occupations Food Preparation and Serving Occupations Building and Grounds Cleaning Occupations Personal Care and Service Occupations High-Level Sales Occupations Low-Level Sales Occupations Office and Administrative Support Occupations Farming, Fishing, and Forestry Occupations Construction and Extraction Occupations Installations, Maintenance, and Repair Occupations Production Occupations Transportation and Material Moving Occupations

Center for Labor Markets and Policy | Drexel University All WorkersFull-Time Workers YearMeanMedian MeanMedian , , , , , , , , Mean/Median Weekly Earnings of Wage and Salary Workers, New York (In 2014 Dollars)

Center for Labor Markets and Policy | Drexel University

Select Start DateSelect End Date Absolute Change Relative Change Jul-03Dec-07 Total Nonfarm % Total Private % Goods-producing % Service-providing % Private Service-providing % Mining and Logging % Construction % Manufacturing % Durable Goods % Nondurable Goods % Trade, transportation, and utilities % Wholesale Trade % Retail Trade % Transportation and warehousing % Utilities % Information % Financial Activities % Professional and business services % Education and health services % Leisure and hospitality % Other Services % Government % Trends in Non Farm Payroll Employment in the U.S., July 2003 to December 2007

Center for Labor Markets and Policy | Drexel University Select Start DateSelect End Date Absolute Change Relative Change Dec-07Feb-10 Total Nonfarm % Total Private % Goods-producing % Service-providing % Private Service-providing % Mining and Logging % Construction % Manufacturing % Durable Goods % Nondurable Goods % Trade, transportation, and utilities % Wholesale Trade % Retail Trade % Transportation and warehousing % Utilities % Information % Financial Activities % Professional and business services % Education and health services % Leisure and hospitality % Other Services % Government % Trends in Non Farm Payroll Employment in the U.S., December 2007 to February 2010

Center for Labor Markets and Policy | Drexel University Select Start DateSelect End Date Absolute Change Relative Change Feb-10Sep-15 Total Nonfarm % Total Private % Goods-producing % Service-providing % Private Service-providing % Mining and Logging % Construction % Manufacturing % Durable Goods % Nondurable Goods % Trade, transportation, and utilities % Wholesale Trade % Retail Trade % Transportation and warehousing % Utilities % Information % Financial Activities % Professional and business services % Education and health services % Leisure and hospitality % Other Services % Government % Trends in Non Farm Payroll Employment in the U.S., February 2010 to September 2015

Center for Labor Markets and Policy | Drexel University

Trends in CLFPR of the 16+ Population by Gender, Race Ethnicity, and Nativity Status, 2000 to Absolute Change Relative Change All (16+) % Male % Female % White % Black % Asian % Hispanic % Other % Foreign-Born % Native-Born %

Center for Labor Markets and Policy | Drexel University Absolute Change Relative Change HS Students % HS Dropouts % H.S. Diploma/GED % Some College % Associate's Degree % Bachelor Degree % Master's or Higher Degree % Trends in the CLFPR of the 16+ Population in the U.S. by Educational Attainment, 2000 to 2015

Center for Labor Markets and Policy | Drexel University Absolute Change Relative Change % % % % % % % % Trends in the CLFPR of the 16+ Population in the U.S., by Age Group, 2000 to 2015

Center for Labor Markets and Policy | Drexel University Estimating the Size of the Missing Labor Force in the U.S Actual Population 2000 Actual CLFPR Hypothetical 2000 Labor Force (2000 LFPR) Actual 2015 Labor Force Labor Supply Decrease Percent Impact % % % % % % % % %

Center for Labor Markets and Policy | Drexel University Absolute Change Relative Change % % % % % % % % Trends in the Unemployment Rate of the Civilian Labor Force by Age Group, 2000 to 2015

Center for Labor Markets and Policy | Drexel University Trends in the Employment to Population Ratio by Age in the U.S., 2000 to Absolute Change Relative Change % % % % % % % % Total %

Center for Labor Markets and Policy | Drexel University Absolute Change Relative Change % % % % % % % % Full-Time Employment to Population Ratio in the U.S., 2000 to 2015

Center for Labor Markets and Policy | Drexel University 2000 FT E/P Ratio Actual 2015 Population Hypothetical 2015 FT Employment Actual 2015 FT Employment FT Employment Loss Percent Loss % % % % % % % % Impact of Economic Turbulence of Full-Time Employment, by Age Group, 2000 to 2015

Center for Labor Markets and Policy | Drexel University Mean Annual Earnings GenderEducational Attainment Male<12 or 12, No HS Diploma High School Diploma Some College Bachelor's Degree Master's or Higher Degree Total Female<12 or 12, No HS Diploma High School Diploma Some College Bachelor's Degree Master's or Higher Degree Total Total<12 or 12, No HS Diploma High School Diploma Some College Bachelor's Degree Master's or Higher Degree Total Trends in the Real Mean Annual Earnings of the Employed, 16 to 64 Years Old, 2000 to 2014

Center for Labor Markets and Policy | Drexel University Mean Annual Earnings GenderEducational Attainment Absolute Change Relative Change Male<12 or 12, No HS Diploma % High School Diploma % Some College % Bachelor's Degree % Master's or Higher Degree % Total % Female<12 or 12, No HS Diploma % High School Diploma % Some College % Bachelor's Degree % Master's or Higher Degree % Total % Total<12 or 12, No HS Diploma % High School Diploma % Some College % Bachelor's Degree % Master's or Higher Degree % Total % Trends in the Mean Annual Earnings of Employed Persons Aged 16 to 64, by Educational Attainment, 2000 to 2014 (constant 2014 dollars)

Center for Labor Markets and Policy | Drexel University

Trends in the U.S. CLFPR, by Age, Projected through to 2022 Group Absolute Change Relative Change Total, 16 years and older % 16 to % 16 to % 20 to % 25 to % 25 to % 35 to % 45 to % 55 and older % 55 to % 55 to % 60 to % 60 to % 62 to % 65 and older % 65 to % 65 to % 70 to % 75 to % 75 and older %

Center for Labor Markets and Policy | Drexel University Trends in the Size of the Civilian Labor Force in the U.S., Projections to 2022 Projected, Absolute Change Relative Change Total, 16 years and older % 16 to % 16 to % 20 to % 25 to % 25 to % 35 to % 45 to % 55 and older % 55 to % 65 to % 75 and older %

Center for Labor Markets and Policy | Drexel University Trends in the Size of the Civilian Labor Force Participation Rate in the U.S., by Race/Ethnicity and Projections to 2022 Participation Rate Projections, 2012 to Absolute Change Relative Change White non-Hispanic % Men % Women % Black % Men % Women % Asian % Men % Women % Hispanic origin % Men % Women %

Center for Labor Markets and Policy | Drexel University Projected, Absolute Change Relative Change White non-Hispanic % Men % Women % Black % Men % Women % Asian % Men % Women % Hispanic origin % Men % Women % Trends in the Size of the Civilian Labor Force in the U.S., by Race/Ethnicity and Projections to 2022