Equitable Growth’s Jobs Day Graphs: August 2017 Report Edition
1.
The 0.3 point drop in the prime-age employment rate to 78.4 percent in August is a troubling sign. This means it has slightly declined over the last six months.
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2.
Once again nominal wage growth was 2.3 percent for production and nonsupervisory workers for the year ending in August.
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3.
The unemployment rate of the least educated workers is continuing to fall, hitting 6 percent in August. A tightening labor market is helping disadvantaged workers get into employment.
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4.
Long-term unemployment continues to be a significant portion of all unemployment. About 25 percent of all unemployed workers haven’t had a job in 27 weeks or longer.
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5.
The share of workers who just got a job coming from out of the labor force dropped in August, but it’s still the vast majority of flows into employment.
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