EMPLOYMENT & UNEMPLOYMENT • Nov 2016 • Volume 5 / Number 16
Many people think careers in healthcare require a lot of education. But the healthcare field has opportunities for workers with all levels of education. In fact, more than half of healthcare employment in 2014 was in occupations that typically need less than a bachelor’s degree for entry. In this Beyond the Numbers, we’ll look at some of these occupations and highlight those with a bright employment outlook.Read full article » | Download PDF
Labor market risks of a magnitude-6.8 Hayward Fault earthquake in the San Francisco Bay Area: an update
The 2015 Hollywood blockbuster movie “San Andreas” portrayed a doomsday scenario whereby virtually all of California was devastated by a major earthquake. Although the movie version is almost certainly different from a likely major earthquake scenario in California, the threat of a major and damaging earthquake in Northern California, and especially the San Francisco Bay Area is real, imminent and would be disruptive to businesses and the regional economy. Major earthquakes of magnitude 7.0 or greater can devastate public infrastructure, rendering transportation and public utilities such as gas, electricity and water out of service for days, weeks, and longer.
What the Consumer Expenditure Survey tells us about mortgage instruments before and after the housing collapse
In December 2007, the U.S. economy entered a recession that affected most consumers in some way. The unemployment rate rose from 5.0 percent at the start of the recession to 7.3 percent 1 year later and ultimately peaked at 10.0 percent in October 2009. Accompanying this recession was a collapse in the housing market—a phenomenon characterized by depreciating home values—beginning in 2007
Household healthcare spending has increased in dollar amount and as a share of household spending, even during the last recession when average household expenditures (and pretax income) declined. Consumer Expenditure Survey (CE) data show that household out-of-pocket healthcare spending rose steadily from an average of $2,664 (in nominal dollars) in 2005 to $4,290 in 2014 while the share of the household budget accounted for by healthcare spending went from 5.7 percent in 2005–2007 to 8 percent in 2014. (See chart 1.) In contrast, average total household expenditures rose from $46,409 in 2005 to $50,486 in 2008, and then fell from 2009 to 2011. Spending increased to $51,442 in 2012, fell to $51,110 in 2013, and then rose once again to $53,495 in 2014.