In this month's New Hires Quality Index, our own Brad Hershbein dives into if a college degree is still helpful when seeking a job. Does getting an education still improve job prospects? Or is a degree just not what it used to be?
Read more at: https://bit.ly/3Oizp3k
#Econsky, #NHQI, #jobs,
In this month's New Hires Quality Index, our own Brad Hershbein examines how the goods and services sectors of the economy have fared since the first round of new tariffs last year. Hiring volume in the two sectors has started to diverge.
Read more at: zurl.co/8375P
#econsky #nhqi #jobs
The latest from the New Hires Quality Index: Hiring levels have increased but remain below pre-COVID levels. Workers in metropolitan areas are faring better than those outside of them.
Read more in our latest news item: www.upjohn.org/news/new-hir...
#Econsky, #NHQI, #urbanrural, #jobs
Higher wages for full-time hires don’t signal a strong labor market. Full-time hiring volume fell 3.4% from last September, while part-time hiring volume rose 0.9%. That means fewer full-time opportunities, with those hired moving into higher-paying roles.
#NHQI #econsky #jobs
The latest Upjohn Institute New Hires Quality Index shows a clear divide:
Full-time new-hire wage index up 2.3%
Part-time new-hire wage index down 1.1%
The overall index barely moved, but the gap between full- and part-time job quality is widening.
#NHQI #econsky #jobs #employment
Hershbein details his insights, including a close look at trends in wage inequality, in this thread.
#NHQI
Each year, in the news release nearest Labor Day, New Hires Quality Index creator @bradhershbein.bsky.social compares the #NHQI with actual, reported wages of newly hired workers.
Doing so this year, Hershbein concludes that the economy looks increasingly fragile.
In this month's news release, New Hires Quality Index creator Brad Hershbein compares the hiring situations in two fast-growing regions of the country, the West and the South.
www.upjohn.org/news/hiring-...
#NHQI
Over the last 25 years, both the South and West have increased their share of the total earnings power of all newly hired workers — at the expense of the Northeast and Midwest. The latest from the New Hires Quality Index #NHQI
NHQI hires volume per capita showing huge decline in private sector and the public sector line steady
Private-sector hiring rates are down 4.3 over the year, near a record low, while public-sector hiring rates have held even (but are down 5.5 percent from pre-COVID days). Latest from the New Hires Quality Index:
www.upjohn.org/news/public-...
#NHQI #Econsky
New Hires Quality Index creator @bradhershbein.bsky.social concludes that government jobs have become easier to get,compared to the private sector, but not as good. #NHQI #Econsky
Since 2023, newly hired foreign-born workers’ earnings power has dropped 5.8 percent while that of native-born workers grew 0.6 percent. However, hiring rates have fallen to near-record lows for both groups. The latest from the New Hires Quality Index #NHQI
www.upjohn.org/news/hiring-... #econsky
In light of recent deteriorating economic conditions for foreign-born workers, New Hires Quality Index creator @bradhershbein.bsky.social explores hiring trends by nativity in this month's #NHQI release.
This month's New Hires Quality Index release shows a sharp drop in hiring of foreign-born workers. Thread from #NHQI creator @bradhershbein.bsky.social
#econsky
Hershbein has much more detail about trends for workers entering the workforce from a state of nonemployment in this month's release from the New Hires Quality Index. #NHQI #Econsky (2/2)
The latest from the New Hires Quality Index at www.upjohn.org/news/troubli... #NHQI
Hiring rates, which adjust for population change, dropped 4.9 percent over the year to a record low: New Hires Quality Index. #NHQI #Econsky
chart: New hires volume index: by sector, showing goods and services both declining since 2023 but goods leveling and even picking up a bit recently
Over the past seven months, hiring volume edged up 1.5 percent in the goods sector after a long fall. Higher tariffs may cause goods-sector hiring to resume its decline, and could worsen the steady decline in services hiring. The latest from the New Hires Quality Index #NHQI #econsky
The latest from the New Hires Quality Index and a thread below from index creator @bradhershbein.bsky.social on the state of hiring at the start of a new tariff era. #NHQI #Econsky
New Hires Quality Index volume index showing gap between metro and nonmetro areas with some recent narrowing.
Over the past six months, hiring volume rose 2.7 percent in nonmetro areas while dropping 2.0 percent in metros, but this rise has done little to reverse nonmetro areas' longer-term slide.
www.upjohn.org/news/hiring-...
#NHQI #Econsky
Despite some recent hiring gains, nonmetro areas continue to hold a small share of the total earnings power of all newly hired workers. The latest from the New Hires Quality Index.
#Econsky #NHQI
Chart showing new hires wage bill shares for Black and Hispanic workers, with line for Hispanic workers growing over the years
The share of the aggregate earnings power of all newly hired workers accruing to Hispanic workers has steadily risen for years but it surged over the past 12 months from 19.1 to 21.2 percent. Latest from the New Hires Quality Index. #NHQI #Econsky
www.upjohn.org/news/hispani...
Hispanic workers’ share of the total earnings power among all new hires has increased steadily over recent years, while Black workers’ share has remained steady: New Hires Quality Index #NHQI #econsky
NHQI volume per capita by age group
Young Millennials have fared worse than old Millennials and Gen Xers in hiring rates, which account for population change. The latest from the New Hires Quality Index #NHQI
www.upjohn.org/news/earning... 📈📉
The latest from the New Hires Quality Index: Young Millennials have fared best in the #NHQI wage index since the summer of 2023, while the older Millennials and Gen Xers experienced larger drops. 📉📈
More people are getting hired part-time because they want to work part-time, not because they can’t get full-time work: #NHQI 📉📈
Despite declines in the New Hires Quality Index and other signs of weakening, the labor market remains resilient, #NHQI creator Brad Hershbein writes in this month’s release. 📉📈
The latest #NHQI release is out now at www.upjohn.org/news/hiring-... 📉📈
NHWI wage index chart by gender showing men and women diverge near end of series
From the New Hires Quality Index: A year ago, the wage indices for men and women split drastically, rising 0.5 percent for women while falling 2.5 percent for men, the fastest drop on record. 📉📈 #NHQI
www.upjohn.org/news/hiring-...
This month, New Hires Quality Index creator Brad Hershbein follows the diverging wage indices for men and women: rising for women while men experienced the fastest drop on record. 📉📈 #NHQI
