When the COVID-19 pandemic plunged the economy back into recession in early 2020, it laid bare a fragile and profoundly inequitable labor market. The economic expansion that reigned from 2009 through 2019 brought historically low unemployment and inflation but failed to reduce income inequality or arrest the decline in the number of high-quality,…

The U.S. economy has changed dramatically in recent decades, from one that was heavily industrial to one that is mostly service and knowledge based. In the process, demand has grown for workers with higher levels of education and a different mix of skills. This period of rapid change is far from over. Population aging, the rise of new…

Development economists have considered physical infrastructure to be a precondition for industrialization and economic development. Infrastructure investments play a particularly important role in expanding overall employment opportunities either directly by absorbing workers or indirectly by crowding in private investments, technology adoption,…

In this second annual summary of the their work, the Investing in Community Initiative provides practical advice for community leaders and policymakers around four critical issues. First, how should local needs be defined? Chapter 1 argues that data about local economies can show whether communities are best served by creating new jobs,…

It is generally accepted that human capital is an important factor in economic growth, but its impact on growth depends on the demand for education and skills on the labor market. Demand for human capital is largely determined by the institutional environment that governs the basic conditions for economic activity. The author expresses ten doubts…

This article attempts to address the workforce crisis with implications for economic competitiveness and national defense faced by America and the dichotomy of STEM needs and available employees. Businesses struggle to fill critical skilled roles in STEM occupations and thus suffer sluggish growth. In fact, some estimate up to 2.4 million STEM…

Panama has achieved socio-economic improvements in recent decades thanks to strong economic growth and consequent poverty reduction. Its growth model is characterised by a dual economy in which a small number of activities, including those related to the Canal and Special Economic Zones, have exhibited high productivity growth but limited job…

This paper aims to provide metro, state, and national policy makers with a better sense of the specific problems facing metropolitan labor markets. First, the analysis examines trends in the demand for educated labor and how a gap between education supply and demand is related to unemployment. Next, it attempts to distinguish between cyclical and…

The Great Recession left a crater in the labor market that has been devastating for unemployed Americans of all ages. After more than two years of unemployment at well over 8%, there is a hole of more than 11 million jobs, with average spells of unemployment lasting nearly nine months. The weak labor market has been particularly tough on young…

Scientific and technological innovation continues to play an essential role in catalyzing the creation of new industries, spawning job growth, and improving the quality of life in the United States and throughout the world. Innovation relies, in part, on individuals possessing the knowledge, skills, creativity, and foresight to forge new paths.…

The Boston metropolitan area is recognized by many for its concentration of prestigious private colleges and universities. The metropolitan area is home to over 80 private colleges and universities employing 68,600 people and attracting over 360,000 students from all over the world. This report uses employment and wage data from the Bureau of…

Older workers are the fastest growing segment of the labor force, yet little is known about designing jobs for older workers that optimize their experiences relative to aging successfully. This study examined the contribution of workplace job design (opportunities for decision-making, skill variety, coworker support, supervisor support) to…

While there are significant differences between England and Scotland in the politics, the policy environment and the management of schools, leadership development both north and south of the border is charged with addressing what has been termed a recruitment and retention "crisis". An emerging phenomenon in both jurisdictions is that of…

This report is the successor to "Help Wanted: Projections of Jobs and Education Demand through 2018," in which researchers examined the connections between educational attainment and educational demand in the labor market. In this report, the authors update the jobs projected to be available through 2020, using a macro-micro modeling…

This article considers administrative issues in the recruitment and retention of nurses within the context of the perceived nursing shortage and the recent research on nursing turnover. These issues include target areas for job redesign, control over work, and career development. (Author/CT)