Student loan defaults in the United States have been a growing problem. After reaching a historic low of 4.5% in 2003, student loan default rates have been trending upward, rising to 10.0% for the 2011 cohort.
Recently, we wrote about employment growth in manufacturing. Here, we look at manufacturing growth in terms of workers per establishment. Prior to the recession, the average number of workers per manufacturing establishment had been declining. During the recession, the decline accelerated before recovering somewhat and then plateauing at an average of about 36 workers per establishment in 2012. Most manufacturing sub-sectors (three-digit NAICS codes) followed the same general trend.
- Job Growth
Caralyn Baxter grew up filled with dreams of someday competing in the Winter Olympics. As a competitive figure skater, she was heartbroken when her teenage years brought about an unexpected series of injuries-but she didn't let that deter her…
Studies show a positive relationship between innovation and growth. Companies with a higher degree of R&D orientation grow faster than other firms. Further, nations with greater expenditures on R&D as a percentage of GDP also experience faster economic growth.
The Bureau of Labor Statistics recently released its employment projections for 2016, forecasting the change of employment by occupation ten years into the future. Included in this analysis is the attribution of each occupation to a specific category of “typical education for entry.” Grouping the employment numbers and estimates by these categories, we are able to see how employment is likely to change across various levels of educational attainment.