Employment

A working paper entitled “Millennial Marriage: How Much Does Economic Security Matter to Marriage Rates of Young Adults” finds that socio-economic indicators associated with labor force participation, wages, poverty and housing all relate to marriage rates for young adults ages 18 to 34. Specifically, full-time employment, median annual wages for all types of workers, and owning a home were associated with higher marriage rates. more »

It is now illegal for employers to ask job applicants about their previous salary in at least eight states and eight counties and cities. The laws and ordinances passed in the last two years are aimed at narrowing the persistent pay gap between men and women. A prospective employer who knows your current salary can offer you a pay bump based on that figure – or keep your new salary low. If you’re a woman, you likely make less in your current job than a male recruit with the same skills and experience. more »

Although indicators of economic activity were on the soft side earlier in the year, the outlook for the remainder of 2018 remains quite positive, supported by sizable fiscal stimulus as well as still-accommodative financial conditions. In the latest report, real gross domestic product (GDP) increased 2.2 percent at an annual rate in the first quarter of 2018, a slowdown from the 3 percent pace in the final three quarters of 2017. While the unemployment rate is now lower than before the financial crisis, the employment-to-population ratio for prime-age workers remains about 1 percentage point below its pre-crisis level. It is an open question what portion of the prime-age Americans who are out of the labor force may prove responsive to tight labor market conditions. more »

A key element of the growing outdoor recreation economy — which accounts for $887 billion in annual consumer spending and supports 7.6 million jobs, according to the Outdoor Industry Association — are small businesses, especially those that operate in the gateway communities around public lands. Sure, online shopping is convenient, but it’s to a local business that most visitors turn when they need a replacement tent or last-minute supplies before heading out to camp, fish, hunt, or find solace in the outdoors. more »