As the years pass, Americans seem to become busier and busier, leaving more vacation time unused than ever before while spending more on what vacation they do enjoy. Last year almost half of working Americans used only some of their paid vacation time, according to US Travel Association’s Project Time Off, with more than 650 million days left unused.
While researchers debate the economic and employee health consequences of unused vacation days, another debate continues in the United States around the value of establishing state and/or federally mandated paid vacation benefits.
Expenditures by US travelers is expected to grow during the next 10 years, but whether new company-specific vacation benefits or potential regulatory requirements will encourage similar growth in vacation days used remains anyone’s guess.
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The US economy has been creating jobs at a moderate pace over the last few years while real wage growth remains largely flat during this expansion. The unemployment rate has fallen to as low as 4% in June 2018, while the average hourly wage growth ticked up to 2.77%. Notwithstanding the slight tick up in hourly wage growth last month, real wage growth has been anemic in spite of low unemployment rate for some time now. The current relationship between unemployment and wage rate are not in line with Phillips curve, an economic theory showing the inverse relationship between inflation and unemployment. Tight labor markets have historically...
If you are currently practicing medicine, architectural design, petroleum engineering, marketing, or law you are among the lucky in the best-paying career fields in the US. If, however, you are in school now then you should consider occupations such as wind turbine service technician and occupational or physical therapy assistant, fields which sources expect will be fast growing during the next 10 years. If you want both, a high-salary and fast-growing career, move into or study anesthesiology. These insights are provided by the Occupation Employment Statistics program (OES) of the US Bureau of Labor Statistics and Glassdoor, a jobs and...