Showing posts with label employment. Show all posts
Showing posts with label employment. Show all posts

Monday, July 19, 2021

Newsroom Employment Has Fallen 26 Percent

Newsroom employment has plummeted since 2008, according to a Pew Research Center analysis of data from the Bureau of Labor Statistics. The number of people employed in newsrooms fell from 114,000 in 2008 to just 85,000 in 2020—a 26 percent decline. Pew defines newsroom employment as reporters, editors, photographers, and videographers who work for newspapers, radio, broadcast television, cable, and "other information services" (digital-native news publishers). 

Newspapers dominated newsroom employment in 2008. But employment at newspapers fell by a whopping 57 percent between 2008 and 2020. Consequently, the newspaper industry is just a shadow of its former self. At the other extreme, the number of newsroom employees who work in the digital-native industry has more than doubled and now accounts for 21 percent of the total.

Newsroom employment by industry, 2008 and 2020
   2020     2008     % change
Total    84,640   100.0%       114,260   100.0%          -26%
Newspapers    30,820     36.4         71,070    62.2          -57
Broadcast TV    29,700     35.1         28,390    24.8             5
Digital-native    18,030     21.3           7,400      6.5         144
Radio      3,360      4.0           4,570      4.0          -26
Cable TV      2,730      3.2           2,830      2.5            -4

Wednesday, February 24, 2021

Less Educated Counties are Falling Behind

The U.S. population is getting better educated. But only in some places and not in others. Among the nation's 3,138 counties, the 58 percent majority are becoming better educated. The remaining 42 percent are educationally stagnant—they have not experienced a statistically significant increase in educational attainment over the past decade, according to a Census Bureau analysis of five-year American Community Survey data from 2005–09 to 2015–19.  

Forty-two percent is a lot of counties—more than 1,000. The bad news doesn't stop there. A disproportionate share of the stagnant counties were the least educated to begin with. This means there is a growing gap between counties not only in educational attainment, but also in the economic opportunities that accrue to educated populations. 

To do its analysis, the Census Bureau divided counties into two educational attainment groups. The measure of educational attainment was the percentage of county residents aged 25 or older with a bachelor's degree in 2005–09. For all counties at the time, 18.7 percent of residents aged 25 or older had a bachelor's degree. One educational attainment group consisted of all counties that fell below this threshold. The other group was all counties above this threshold. Now for the analysis: among the counties that fell below this threshold in 2005–09, only 49.8 percent experienced an increase in educational attainment by 2015–19. Among the counties that were above this threshold in 2005–09, a much larger 78.6 percent experienced an increase in educational attainment during the next 10 years. 

This is not good news for stagnant counties. It means the socioeconomic gap between counties is growing, the rural-urban divide is widening, and struggling counties will find economic prosperity even more elusive. 

The coronavirus pandemic will only exacerbate these problems. Recently released Bureau of Labor Statistics projections of the labor force impact of the pandemic show jobs disappearing for less-educated Americans. The number of jobs available for those without a high school diploma is projected to drop 2.3 percent between 2019 and 2029 because of the pandemic, according to a New York Times analysis of the Bureau of Labor Statistics' Covid-impact projections. Pre-Covid, these jobs had been projected to grow. The number of jobs available to those with a high school diploma and no further education will inch up by only 0.1 percent in the decade ahead, far less growth than foreseen pre-Covid. At the other extreme, Covid will boost job growth for the better educated. For those with a bachelor's degree, jobs will increase 6.7 percent—a bit more than forecast pre-Covid. Similarly, the job market for people with a graduate degree will expand 9.7 percent during the decade, also above the pre-Covid forecast. 

All this means we need to prepare for more friction, more turmoil—political and otherwise—between educationally stagnant and educationally advancing counties as these trends unfold.

Source: Census Bureau, Bachelor's Degree Attainment in the United States: 2005 to 2019

Monday, February 22, 2021

What Covid Will Do to Jobs

This has been a helluva year for those who work with demographic and economic statistics. Everything is topsy turvy. The usually dependable government data released over the past 12 months—household income and spending data, time use estimates, and net worth assessments—was either collected before the pandemic, making the findings irrelevant, or collected during the pandemic and tainted by survey anomalies such as low response rates. 

The Bureau of Labor Statistics' employment projections for 2019-29, released last September, are no exception. The BLS based the projections on pre-Covid labor force and economic assumptions. Consequently, they raise more questions than they answer. How would Covid impact the labor force in the decade ahead? How would Covid change industries and occupations?

Now the BLS has addressed some of those questions. In a Monthly Labor Review article, BLS economists estimate the impact of the pandemic on industries, occupations, and employment. The analysis compares the baseline projections for the next 10 years, released in September, with two alternate scenarios—a moderate Covid impact and a severe Covid impact. With a few exceptions, the BLS economists show that the biggest Covid impacts will be strengthening ongoing trends rather than reversing them. 

Cashiers are one example. In the baseline series, this occupation was projected to be the one losing the largest number of jobs between 2019 and 2029—a loss of 265,000. Because of Covid, the job losses will be even greater. In the moderate-impact scenario, the number of people employed as cashiers will fall by 511,000 between 2019 and 2029. In the severe-impact scenario, the number will fall by 714,500. "Checkout automation is expected to accelerate because of the pandemic," say the BLS economists. 

Information security analysts are at the other extreme. In the baseline projections, this occupation ranked as one of the 10 fastest growing, with a 31 percent increase in jobs between 2019 and 2029. Because of Covid, these jobs will increase even faster—up 42 to 43 percent in the moderate and severe scenarios, respectively. "The increase in telework and robust demand for work-related digital security are expected to make these analysts the fourth-fastest growing occupation in either alternate scenario," the BLS economists report.

Because of the pandemic, jobs in medical research also are projected to grow rapidly in the decade ahead. "Both the public and private sectors will likely pay greater attention to pandemic preparedness going forward," the study's authors report. This explains why the number of epidemiologists, which had been projected to increase by a modest 5 percent in the baseline projections, is projected to expand by a much larger 31 percent because of Covid.

Source: Bureau of Labor Statistics, Monthly Labor Review, Employment Projections in a Pandemic Environment

Thursday, December 10, 2020

Seismic Shift in the Publishing Industry

Recent trends in the information publishing industry are not pretty—at least for workers in traditional publishing establishments. In the past four years, the book, magazine, and newspaper industries have shed a combined total of 104,000 jobs, according to the Bureau of Labor Statistics. Meanwhile, jobs in internet publishing have increased by nearly the same amount...

Employment in the publishing industry, 2016 and 2020


   2nd quarter 2020  1st quarter 2016  numerical change percent change
Book        51,450       61,919      -10,469     -16.9%
Periodical        72,648       97,212      -24,564     -25.3%
Newspaper      111,615         180,313      -68,698     -38.1%
Internet      289,794     195,714       94,080       48.1%

Today, the 55 percent majority of publishing jobs are in internet publishing, up from just 37 percent in 2016.

Wednesday, September 02, 2020

Fastest Growing Job: Wind Turbine Service Technician

Among the ten fastest-growing occupations in the decade ahead, none is projected to grow faster than wind turbine service technician. The Bureau of Labor Statistics' new projection series examines likely workforce changes in the decade ahead and finds these to be the 10 fastest growing occupations between 2019 and 2029...

10 Fastest Growing Occupations, 2019 to 2029
1. Wind turbine service technician: 60.7%
2. Nurse practitioner: 52.4%
3. Solar photovoltaic installer: 50.5%
4. Statistician: 34.6%
5. Occupational therapy assistant: 34.6%
6. Home health and personal care aide: 33.7%
7. Physical therapist assistant: 32.6%
8. Medical and health services manager: 31.5%
9. Physician assistant: 31.3%
10. Information security analyst: 31.2%

The number of wind turbine service technician jobs is projected to expand by 4,300 in the next 10 years. That's not a lot of jobs, but there weren't many to begin with. So, the percent change in jobs puts wind turbine service technician at the top of the heap. Median annual earnings are $52,910.

Among the 10 fastest growing occupations, home health and personal care aide is projected to gain the largest number of jobs—an impressive 1,159,500 additional jobs over the next 10 years. Median annual earnings are just $25,280.

Of the 10 jobs projected to grow the fastest, physician assistant is the highest paying, with median earnings of $112,260. Two other occupations on the list have median earnings over $100,000—nurse practitioner and medical and health service manager.

Of course, there's a caveat. The BLS states in its news release, "The 2019–29 projections do not include impacts of the Covid-19 pandemic." Since the pandemic may cause structural changes to the economy, the BLS is "developing alternative scenarios for the 2019–29 projection period that encompass possible impacts from the pandemic." Stay tuned.

Source: Bureau of Labor Statistics, Employment Projections

Monday, August 03, 2020

Teleworking During the Coronavirus Pandemic

Nearly one-third of the nation's employed workers told the Bureau of Labor Statistics in June that they had teleworked or worked at home for pay at any time during the past four weeks because of the coronavirus pandemic. This hefty figure does not include those who usually work from home or those who teleworked for a reason unrelated to the pandemic.

In response to the coronavirus pandemic, the Bureau of Labor Statistics has added five questions to the monthly Current Population Survey, which collects the government's official employment data. The BLS first added the questions in May and plans to continue asking them each month for the foreseeable future. Besides teleworking, respondents are also being asked whether they are unable to work because their employer has closed or lost business, whether they are being paid if they are missing work, and whether the pandemic has prevented them from looking for a job.

The 31 percent who reported teleworking in June was little different from the 35 percent who said they had done so in May. The characteristics of those who are teleworking because of the pandemic are not surprising, but nevertheless striking. Teleworking rises steeply as education increases...

Percent of the employed who teleworked for pay in the past 4 weeks due to the coronavirus, by education, June 2020
  4.8% of those without a high school diploma
12.6% of high school graduates only
22.3% of those with some college
48.0% of those with a bachelor's degree
63.3% of those with a graduate degree

By race and Hispanic origin, Asians are far more likely to telework than other race and Hispanic origin groups. This is because Asians are the most educated workers and also the ones most likely to work in management and professional occupations. Hispanics are least likely to telework because they are the least-educated workers and also least likely to be managers or professionals...

Percent of the employed who teleworked for pay in the past 4 weeks due to the coronavirus, by race and Hispanic origin, June 2020
48.5% of Asians
30.8% of non-Hispanic whites
25.7% of Blacks
21.1% of Hispanics

By age, there are few differences in teleworking with one exception. Workers under age 25 are far less likely to telework (15 percent) than those aged 25 to 54 (35 percent) or  aged 55 or older (30 percent).

Source: Bureau of Labor Statistics, Supplemental Data Measuring the Effects of the Coronavirus (Covid-19) Pandemic on the Labor Market

Monday, July 20, 2020

Employment-Population Ratio below 50% in 10 States

In normal times, the employed outnumber those who are not employed among the population aged 16 or older. Nationally, that's still the case. But in 10 states, the devastating impact of the coronavirus pandemic has driven the employment-population ratio below 50 percent.

Nationally, the employment-population ratio was 52.8 percent in May 2020, according to the Bureau of Labor Statistics, meaning 52.8 percent of the population aged 16 or older was currently employed. This figure is well below the 60.6 percent employment-population ratio one year earlier in May 2019. The 7.8 percentage point drop in the national ratio between May 2019 and May 2020 pales in comparison to the decline in some states. In Nevada, for example, the employment-population ratio fell by 19 percentage points...

May 2020 employment-population ratio in the 10 states with a ratio below 50 percent

employment-population
ratio      
percentage point change,
May 2019-May 2020
California                49.6%             -10.1
Florida                47.1             -10.1
Hawaii                45.0             -14.0
Louisiana                49.6               -6.1
Michigan                46.8             -12.3
Mississippi                47.2               -5.5
Nevada                41.9             -19.2
New Mexico                49.9               -5.3
New York                49.8               -8.4
West Viriginia                47.2               -5.0

Overall, 8 states experienced a double-digit decline in their employment-population ratio between May 2019 and May 2020. Five of the states are shown above. The three additional states are Massachusetts, New Hampshire, and Rhode Island.

Source: Bureau of Labor Statistics, Employment-Population Ratio Less than 50.0 Percent for 10 States in May 2020

Tuesday, June 23, 2020

Income Losses Widespread by Metro, State

Americans everywhere have been badly hurt by the coronavirus pandemic, according to the Census Bureau's Household Pulse Survey. Among all adults aged 18 or older, 48 percent say they or a member of their household has experienced an employment income loss since March 13. By metropolitan area, the figure ranges from a low of 41 percent in Washington, DC, to a high of 60 percent in Los Angeles...

Percent of adults in 15 largest metros with household employment income loss since March 13 
50.3% in Atlanta
48.5% in Boston
48.8% in Chicago
49.9% in Dallas
57.5% in Detroit
52.9% in Houston
59.6% in Los Angeles
57.5% in Miami
55.2% in New York
50.4% in Philadelphia
47.1% in Phoenix
59.2% in Riverside-San Bernardino
54.8% in San Francisco
49.2% in Seattle
40.8% in Washington, DC

By state, the percentage of adults whose household has experienced an employment income loss ranges from lows of 36 to 37 percent in Nebraska, North Dakota, South Dakota, Utah, and Wyoming to highs of 54 to 56 percent in California, Michigan, Nevada, and New York.

Source: Census Bureau, Household Pulse Survey Week 6 (June 4-9)

Thursday, November 14, 2019

More than 10% of Couples Work for Same Employer

Here's a question you might have asked yourself but never thought there would be an answer. How many dual-earner couples work for the same employer? The answer is 11 to 13 percent, according to a Monthly Labor Review study by Census Bureau economist Henry R. Hyatt.

Wait, what? How can so many couples share an employer? Intraoffice romance is frowned upon these days, often leading to job termination. Not to worry. Hyatt's data are from the 2000 census, so the office romances he discovered occurred in a different era. And there's another reason not to worry (keep reading).

For his study, Hyatt linked 2000 census microdata with administrative records to estimate the percentage of same-sex couples (both married and cohabiting) who share an occupation, industry, work location, and employer. Sharing these characteristics is surprisingly common, he found. A sizable proportion of couples share a narrow industry of employment (12 to 15 percent), and many also work within the same census block. But these shared characteristics, Hyatt finds, are driven  primarily by coworking. "Of those who worked in the same narrow census industry, about 63 percent worked in the same workplace, as did 70 percent of those who worked in the same census block."

Perhaps Hyatt's most interesting finding is this: most coworking couples were couples before they were coworkers. "The vast majority of coworking couples chose the same employer after meeting rather than meeting on the job," says Hyatt. Is it as easy today as it was in 2000 for couples to find jobs with the same employer? Perhaps that question will be answered by a future analysis of 2020 census results.

Source: Bureau of Labor Statistics, Monthly Labor Review, Coworking Couples and the Similar Jobs of Dual-Earner Households

Friday, August 23, 2019

Thank God It's Friday

TGIF! You know the feeling. You know it because you've lived it over and over again—about 1,400 times by the time you're in your fifties. That's the average number of weeks Americans are employed from the age of 18 until they are 52.

This somewhat unsettling thought comes from the National Longitudinal Survey of Youth 1979, a Bureau of Labor Statistics effort that has been tracking people born from 1957 through 1964 for decades. The cohort was first interviewed when they were aged 14 to 22. At the latest interview, conducted in 2016–17, they were aged 51 to 60. These folks had been employed for 78 percent of all the weeks they had lived since the age of 18. That's about 1,400 TGIF moments.

There are differences by demographic characteristic, of course. Men spent 84 percent of all those weeks employed and women 72 percent. Among men by educational attainment, the share of weeks spent at work between the ages of 18 and 52 ranged from a low of 69 percent for those without a high school diploma to a high of 89 percent for college graduates. Women without a high school diploma had worked only 45 percent of the weeks since they were age 18. Women with a bachelor's degree or more education had worked for a much larger 80 percent of the weeks.

The survey's findings show that college-educated men and women have similar work histories, with men having been employed for 1,574 weeks since the age of 18 and women employed for 1,414 weeks. The difference between the two is about the amount of time a working woman might take off to have a couple of kids.

Source: Bureau of Labor Statistics, Number of Jobs, Labor Market Experience, and Earnings Growth: Results from a National Longitudinal Survey Summary

Friday, April 26, 2019

Coal Miners Aren't the Only Ones Whose Jobs Are Disappearing

In just 10 years, the number of bookstores in the United States fell from 12,558 to 7,548—a 40 percent decline, according to the Census Bureau's County Business Patterns. The number of book publishers fell 23 percent, and libraries were down 16 percent.

Number of bookstores
2016:    7,548
2006:  12,558

Number of book publishers
2016: 2,574
2006: 3,335

Number of libraries
2016: 2,223
2006: 2,650

Employment in these three types of establishments fell 32 percent between 2006 and 2016—from 267,210 to 181,700. The 86,000 jobs lost in the book industry greatly exceeded the loss of 30,200 coal mining jobs during the same time period.

Source: Census Bureau, World Book and Copyright Day: April 23, 2019

Wednesday, July 11, 2018

Wineries Have Quadrupled in U.S.

A few months ago, the Bureau of Labor Statistics profiled the nation's breweries and their explosive growth. Breweries are in their heyday, and they are not alone. Wineries are also enjoying good times.

The number of wineries in the United States quadrupled over the past 16 years, rising from just 1,066 in 2001 to 4,308 in 2017, according to a Bureau of Labor Statistics report. Winery employment more than doubled, climbing from 25,363 to 64,139 during those years. California accounts for 58 percent of the nation's winery jobs—fully 36,924 in 2017.

Here's a comparison of the nation's brewery (2016) and winery (2017) numbers:

Number of establishments
Wineries: 4,308
Breweries: 2,843

Employment
Wineries: 64,139
Breweries: 58,580

Source: Bureau of Labor Statistics, Employment in Wineries Up 153 Percent from 2001 to 2017

Tuesday, March 20, 2018

Digital Economy is 6.5% of GDP

How big is the digital economy? If you've been trying to figure this out, you're in luck. The Bureau of Economic Analysis has produced the first estimates of the size of the digital economy "within the framework of the national accounts." Of course, defining what is and is not a part of the digital economy is a difficult task, and the BEA struggles with it. This first estimate includes only goods and services that are exclusively or primarily digital. It excludes the IoT (internet of things). And the BEA invites the public to improve upon its work, providing an email address for feedback.
  • In 2016, the digital economy accounted for 6.5 percent ($1,209.2 billion) of the nation's $18,624.5 billion GDP. It ranks 7th among industries in its share of GDP—just above wholesale trade and just below professional, scientific and technical services.  
  • The digital economy accounted for 5.9 million jobs in 2016, or 3.9 percent of the total. The digital economy's share of employment is lower than in its share of GDP, ranking 12th among industries in employment. 
  • The digital economy pays more than the average industry. Workers in the digital economy earn an average annual compensation of $114,275, much higher than the $66,498 annual compensation for the average worker.
Source: Bureau of Economic Analysis, Defining and Measuring the Digital Economy

Tuesday, December 26, 2017

The Brewery Explosion

Pity the thirsty masses of 2006. Back then, there were only 398 breweries in the entire United States. Today, there are 2,843, according to the Bureau of Labor Statistics—a more than seven-fold increase. In 2006, no state had more than 50 breweries. Today, 15 states have more than 50 and 10 states have more than 100. California has the most—333 in 2016, up from just 45 in 2006. Colorado is second with 204 breweries, up from 22 in 2006.

Not only are more breweries dotting the landscape, but there are also more brewery workers than ever before. After falling slightly between 2006 and 2010 as a consequence of the Great Recession, brewery employment surged 61 percent between 2010 and 2016 to more than 40,000. The rise in brewery employment accounted for more than half the employment growth in the U.S. beverage manufacturing industry during those years, the BLS reports.

Unfortunately, the trend in the average weekly wage for those working at breweries is not as impressive as brewery growth. Between 2006 and 2016, the average fell 25 percent to $969.

Source: Bureau of Labor Statistics, Spotlight on Statistics, Industry on Tap: Breweries

Wednesday, November 22, 2017

Start-Up Firms Boost Employment

If you've ever wondered how many startup firms are in the United States, it's your lucky day because the Bureau of Labor Statistics counts them: in 2017, there were 415,226 startups. The BLS defines startups as firms that are no more than 1 year old. The annual number of startups has climbed 27 percent since hitting a low in 2010. But the 2017 number is still 9 percent below the 2006 peak...

Number of startup firms
2017: 415,226
2010: 326,091 (low)
2006: 457,223 (high)
2000: 417,515
1994: 403,747 (start of data series)

In every year since 1994, startups have accounted for most job growth. Of the 2.1 million net increase in jobs in 2017, startups accounted 1.7 million—or 84 percent of the total.

Source: Bureau of Labor Statistics, Job Gains among Startup Firms in 2017

Tuesday, June 07, 2016

Fewer Media Jobs: Thanks Internet!

Until the introduction of the smartphone in 2007, the effect of the internet on employment in traditional media—newspapers, magazines, and books—had been minimal. Between 1993 (when Mosaic was introduced—the first graphical interface for the Worldwide Web) and 2007, newspaper employment had fallen some, but the worst was yet to come. Employment in the magazine and book industries was almost unchanged during those years. Not so after the smartphone transformed the internet into something personal and portable...

Employment change in newspaper industry
1993 to 2007: –79,000
2007 to 2016: –168,200
68% of job loss occurred since 2007

Employment change in magazine industry
1993 to 2007: –300
2007 to 2016: –48,400
99% of job loss occurred since 2007

Employment change in book industry
1993 to 2007: 700
2007 to 2016: –20,700
100% of job loss occurred since 2007

Traditional media jobs are disappearing, and new jobs are emerging in internet publishing and broadcasting—but not enough to fill the gap. Internet media employment grew by 125,300 between 2007 and 2016, or a little less than half the 237,300 jobs lost in the newspaper, magazine, and book industries. Even including job growth in television and film, there has been a net loss of 159,200 media jobs since 2007.

Source: Demo Memo analysis of the Bureau of Labor Statistics' Employment Trends in Newspaper Publishing and Other Media, 1990-2016

Tuesday, May 24, 2016

Startup Firms Account for Most Job Gains

New research data from the Bureau of Labor Statistics reveals the importance of startup firms to employment growth. Startup firms (less than 1 year old) accounted for fully 60 percent of the 2.7 million net gain in employment between March 2014 and March 2015, according to the data. "More than half of these jobs were from firms with fewer than 10 employees," reports the BLS. Older firms (10 years or older) accounted for 29 percent of the gain.

Source: Bureau of Labor Statistics, Entrepreneurship facts: Announcing New Research Data on Job Creation and Destruction by Firm Age and Size

Tuesday, June 16, 2015

Fewer Jobs Near Average Metro Resident

Residents of the nation's major metropolitan areas live near fewer jobs than they did in 2000, according to a study by the Brookings Institution. Using census tract data for the 96 largest metro areas, the Brookings researchers compared the number of jobs within the typical commute for each metro in 2000 and 2012. Of the 96 metro areas analyzed, only 29 gained jobs during those years within the metro's typical commuting distance. The typical commuting distance ranged from a low of 4.7 miles in Stockton, California, to a high of 12.8 miles in Atlanta.

The average city resident was within typical commuting distance of 605,367 jobs in 2012, according to the analysis. This was 3.5 percent fewer jobs than in 2000. The average suburban resident was within typical commuting distance of 207,158 jobs—7.3 percent fewer than in 2000. The Brookings report includes details for each of the 96 metro areas.

The loss in job proximity was worse for some than for others. Hispanics saw the number of jobs within their metro's typical commute decline by 17 percent. The loss was 14 percent for Blacks and 6 percent for Whites.

Source: Brookings Institution, The Growing Distance Between People and Jobs in Metropolitan America

Tuesday, March 31, 2015

What's Behind the Gains for Big-City Counties?

The nation's most urban counties grew by a substantial 4.2 percent between 2010 and 2014, faster than any other type, according to a Demo Memo analysis of the Census Bureau's 2014 county population estimates by Rural-Urban Continuum. Counties in smaller metros grew at a slower rate, and those in rural areas lost population. Every component of population change is driving the growth of the most urban counties...

Natural increase was greater in big-city counties. Between 2010 and 2014, the rate of natural increase (defined as births minus deaths) was 2.4 percent in counties ranking 1 on the Rural-Urban Continuum (in metro areas with populations of 1 million or more). This was a higher rate of natural increase than any other type of county on the Continuum. Counties ranking an 8 or 9 on the Continuum (the most rural) had a negative rate of natural increase between 2010 and 2014—deaths outnumbered births in those areas.

International migration was greater in big-city counties. Between 2010 and 2014, the rate of net international migration was 1.8 percent in counties ranking 1 on the Rural-Urban Continuum. While net international migration was positive in every type of county, the rate fell with declining urbanity to a low of just  0.1 to 0.2 percent for counties ranking an 8 or 9.

Domestic migration was greater in big-city counties. Between 2010 and 2014, the rate of domestic migration was positive only for the most urban counties—those ranking a 1, 2, or 3 on the Rural-Urban Continuum. Less urban counties lost more migrants than they gained.

Thursday, October 02, 2014

How Valuable Is a For-Profit College Degree?

Less valuable than a degree from a public institution, according to a recent field experiment. By submitting fictitious resumes to real job postings on an online job board, researchers compared employer response to college degrees from different types of schools.

Employers do notice and care about where you got your degree, the researchers discovered. A resume listing a bachelor's degree in business from a for-profit school was 22 percent less likely to get a callback than a resume listing the same degree from a nonselective public school.

Source: National Bureau of Economic Research, Working Paper 20528, The Value of Postsecondary Credentials in the Labor Market: An Experimental Study ($5)