Use The Hamilton Project's Jobs Gap calculator to estimate possible scenarios for labor market growth.
Each month, The Hamilton Project calculates America’s “jobs gap,” or the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who newly enter the labor force each month. As of the end of September 2015, our nation faces a jobs gap of 3.2 million jobs.
In 2014, nearly 60 percent of Americans' tax-preferred retirement savings were held in either IRAs or defined-contribution plans, and only 13 percent were held in private sector traditional pensions (i.e., defined-benefit plans).
This chart presents one widely used measure of financial literacy: the ability to correctly answer three questions about compound interest, inflation, and risk diversification. Fewer than half of Americans can accurately answer these questions.
Half of all Americans turning 65 in 2015 will eventually face out-of-pocket expenditures on long-term services and supports (LTSS)—services provided in nursing homes, adult day-care centers, or in people’s homes that support those who have difficulty with routine daily activities such as bathing or dressing.
Rising life expectancy and potentially exorbitant long-term care costs have increased the financial resources required to support oneself and one’s spouse in retirement and old age.
In 2014 approximately half of nonretired Americans reported being confident that they will have enough money to live comfortably in retirement.
Federal taxes, which are constant across states, amount to 18.4 cents per gallon—of which 15.44 cents go to the highway portion of the Highway Trust Fund (HTF), 2.86 cents to the mass transit portion of the HTF, and 0.1 cent to maintaining underground storage tanks). State taxes on gasoline vary considerably.
Of the more than 1,800 mass transit systems in the United States—including those running trains, buses, or other transport modes—roughly 2 percent reported that fare revenue exceeded operating expenses in 2013.
The Highway Trust Fund (HTF), established by the Federal-Aid Highway Act of 1956, was the first dedicated funding source for highway construction and maintenance. For most of its history, the HTF was well in the black. Over the past fifteen years, however, expenditures have routinely exceeded revenues.
Public infrastructure spending from all levels of government totaled $416 billion in 2014—$41 billion (9 percent) less than its peak of $457 billion in 2003.
Over the period 1990 to 2013, the real earnings of individuals with lower levels of education have tended to decline, while they have risen for those with at least a bachelor’s degree.
There has been tremendous focus in recent years on the plight of the typical American worker. In this interactive chart, users can explore eight profiles by comparing employment, occupation, and earnings patterns between 1990-2013.
A full-time secondary earner in a low- or middle-income family takes home less than 50 percent of his or her earnings.
A substantial share of American workers must obtain a license from a state or local government to work in their professions. The share of workers nationwide required to have a license has risen dramatically since the 1950s, from just 5 percent to nearly 30 percent in 2008. This chart shows the share of the workforce that is licensed in every state based on estimates from a Harris poll conducted in the first half of 2013.
Each month, The Hamilton Project calculates America’s “jobs gap,” or the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while accounting for changes in the population. In this chart, The Hamilton Project applies the same jobs gap methodology to earlier recessions in 1981–82, 1990–91, 2001, and 2007–09.
The cost of computing has fallen spectacularly since the 1980s, creating a strong incentive for employers to substitute cheap technology for expensive labor.
Using major-specific earnings data from the U.S. Census Bureau’s American Community Survey, The Hamilton Project has created a student loan repayment calculator that shows the share of earnings necessary to service traditional loan repayment for 80 majors.
Graduates of majors with initially low earnings experience faster earnings growth during the early-career years.
The geographic variation in water withdrawals across the country underscores both the complexity of America’s water challenges and the importance of a diverse set of policy reforms. See The Hamilton Project's interactive maps to compare county-by-county variation in total water withdrawals for irrigation, thermoelectric, and domestic withdrawals.
The price that households pay for water is highly variable across cities, even when controlling for the volume of water that different households use.
There is considerable regional variation in per capita domestic water use, which includes indoor uses (e.g., drinking, flushing toilets, preparing food, showering, and washing clothes and dishes) as well as outdoor uses (e.g., watering lawns and gardens and washing cars).
Almost 40 percent of California's freshwater withdrawals are used for the production of fruits, nuts, and alfalfa.
The fastest growing area of the country receives the least precipitation.