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In 2022, there were an estimated 4.4 million professional software engineers in North America. There are 152 million people employed in the US workforce, making software engineers 2.54% of the total workforce. [1][2][3] The total above is an increase compared to around 3.87 million software engineers employed in 2016.
In June 2013, 11.8 million persons were unemployed, putting the unemployment rate at 7.6 percent. The state of the economy is a large contributor to these numbers. In June, 2001 the unemployment rate was 4.6% [10] After 9/11/2001, the unemployment rate skyrocketed to 5.7% in November 2001 [11] and rose drastically in 2009 to 10% in October. [12]
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Since the start of the recession, 8.8 million jobs have been lost, according to the Bureau of Labor Statistics. [ 10] In the U.S., jobs paying between $14 and $21 per hour made up about 60% those lost during the recession, but such mid-wage jobs have comprised only about 27% of jobs gained during the recovery through mid-2012.
Wednesday's release shows the US labor market added fewer jobs than initially reported in the 12-month period ending in March 2024 but economists are wary about reading too much into the release.
The steady employment gains in recent months suggest a rough answer. The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.
Technological unemployment is the loss of jobs caused by technological change. [1][2][3][4] It is a key type of structural unemployment. Technological change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes (automation), and humans' role in these processes are ...
Next year, employers expect to hand out raises of 3.5%, down from 3.6% on average in 2024, per Payscale’s Salary Budget Survey. “The biggest things that impact pay increase budgets are ...