News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Caroline Porter / September 30, 2013
More Demanding Jobs, Coupled With Recession, Have Postponed Young Americans’ Entry Into Workforce, According to New Report
The on-ramp to adulthood is delayed and harder to reach for young people today, a reality that is changing the country’s society and economy, according to a new report.
More demanding job requirements, coupled with the pressures of the recession, have delayed the transition to adulthood for young people in the past decade and earned them the title of “the new lost generation,” according to the report from the Georgetown University CenterRead More
Richard Florida / The Atlantic Cities / September 27, 2013
It’s no secret that the recovery has been incredibly uneven. Some of its biggest benefits are accruing to the one percent, while the majority of Americans have seen their economic prospects stagnate or diminish. Income inequality has surged to levels not seen since before the Great Depression.
When it comes to jobs, the recovery has been terribly uneven as well. Commentators across the political spectrum agree that jobs are a key, if not the key, indicator of the strength of America’s economic recovery. Overall, the U.S. economy added some 4.5 million jobs over the course ofRead More
Richard Florida / The Atlantic Cities / September 2, 2013
Just in time for Labor Day, a recent Gallup poll has given some promising employment news. More than half of American workers say that their income has grown over the last five years, telling Gallup that they are making either a lot (28 percent) or a little (30 percent) more money since the onslaught of the economic crisis.
However, workers’ wage growth has been uneven across the country’s metros. To chart where wages have grown the most during America’s recovery, my Martin Prosperity Institute colleague Charlotta Mellander ran the numbers on average change in wages andRead More
Mike Sauter / 24/7 Wall St. / July 15, 2013
The average wage of a U.S. worker was $1,000 per week in the fourth quarter of 2012, or 4.7% higher from the same time in 2011, according to the Bureau of Labor Statistics (BLS). In some areas, pay rose than 10%.
In the San Francisco metropolitan area, the average wage grew by nearly 25%, more than any area in the country. Based on the BLS Quarterly Census of Employment and Wages, these are the cities with the biggest increases in pay.
In an interview with 24/7 Wall St., BLS Chief Regional EconomistRead More
Samuel Weigley / 24/7 Wall St. / July 10, 2013
The average U.S. worker was paid $1,000 per week as of the fourth quarter of 2012. This is, according to the Bureau of Labor Statistics, a 4.7% increase from 2011.
In the vast majority of U.S. metropolitan areas, wages grew. In San Francisco, for one, the average wage grew by nearly 25%. In other cities, however, wages continued to fall. Eight cities had a decline of at least 1% weekly wages. In the Anniston-Oxford, Alabama area, wages fell by 2.4%. Based on the BLS’ quarterly census of employment and wages, these are the cities with the biggest declines in pay.Read More