A tool for evaluating the U.S. employment situation and predicting related variables. Published monthly by the University at Buffalo School of Management. #JQI
The Job Quality Index for October 2021 fell to 82.17, down by -0.17% from its revised level one month earlier and reflecting a higher proportion of low quality jobs paying below the mean weekly income.
Read the full October report here⬇️
https://t.co/SJVJVVNkEB
It's #JobsReport Day. The U.S. Private Sector Job Quality Index (JQI)® has been revised to a level of 82.02.
Read this month's full JQI report, including updates on the current Employment Situation Data here ➡️ https://t.co/CVN9Hi0j9I.
470K of the 662K in private payroll growth is in leisure and hospitality (343K); retail (67K); administrative and waste (40K) and healthcare/social assistance (20K) - as low-wage/low-hours jobs wiped out during the pandemic are slowly being restored > https://t.co/dKKvbmn9bT
This is a first step towards a US industrial policy focused on restoring the nation's leadership in R&D and manufacturing.
But just a start.
To get private investment we must add sustained domestic procurement that only an infrastructure program can yield.
https://t.co/Cu5FYehE0n
It's #JobsReport day: This month's full #JQI report - with updates to today's Employment Situation Data can be read here: https://t.co/e1t1zRX4By including the JQ-Instant
Over the coming weeks and months as this aid for the jobless phases out, there will be a flood of anxious job seekers pouring into labor markets. https://t.co/083CGkBoq4 via @DanielAlpert
The @jobqualityindex reading for March (JQI operates with a one month lag) comes in at 81.99, very, very slowly reverting to its pre-pandemic levels. The unexpected April data may actually see the JQI rise a bit temporarily. But - eventually - low wage jobs must re-emerge (?).
Interesting: the @jobqualityindex's #JQInstant reading comes in at 46.79 - indicating that fewer than half the jobs added in April were in low quality job sectors - despite the huge reliance on leisure and hospitality:
@conway_maureen@hshierholz We just updated the Job Quality Index --The huge surge in the creation of private sector jobs in March was driven by an exceptional amount of high quality job creation https://t.co/3ZFmnZndKe
The #JQI monthly release is now live - Read more here👇🏼👇🏼👇🏼
https://t.co/B3CFJ9Uejo
The huge surge in the creation of private sector #jobs in March was driven by an exceptional amount of high quality job creation
And the @jobqualityindex JQInstant flash is now out, showing that only 34.72% of the private sector jobs created in March were in low-wage/low hours sectors. This is a fabulous reading:
And here is our @jobqualityindex JQinstant flash. 100% of the net jobs created in February can be tracked to the low-wage/low-hours sectors. As you can see from the graph below, that has been where all the action has been for the past several months - gain or lose:
It's here! U.S. Private Sector Job Quality Index (JQI)® is now live. The full report and charts can be found here: Read the update in our monthly release #JQI https://t.co/FXhgHWA4AJ