Follow up on US Construction Industry Data. At the beginning of the summer of 2015, both labor statistics on employment levels and US Gross Domestic Product showed a slowdown on job creation coming from construction related activities. Given that the summer represents a time window for developers to build fast thanks to good weather conditions, … Continue reading Follow up on US Construction Industry Data.
Bureau of Labor Statistics
It’s time to look at price changes without accounting for oil price effect.
After a year of declining crude oil prices which forged price spillovers all over the US economy, it is time for economists to look at price changes without accounting for the petrol effect. So far, 2015 has been a year in which dropping gas prices have affected almost every index from the US Bureau of … Continue reading It’s time to look at price changes without accounting for oil price effect.
Do Workers on Unemployment Insurance make Other Workers’ Income Worst?
Economists like to think that wages are set depending upon two basic factors plus a “catchall” variable. The two basic factors are expected price level and unemployment rate. The “catchall” variable stands for all other overlooked factors affecting wage. The way in which the relationship is established by labor theory is that expected price level … Continue reading Do Workers on Unemployment Insurance make Other Workers’ Income Worst?
31 Data Sources, Surveys and Metrics for Doing Research on U.S. Labor Market.
If your research project encompasses facts on U.S. Labor Market, here are some useful data sources and metrics that might illuminate insights for your research. Although there might be some discrepancies between what you narrowed as your research question and the data sources showed below, chances are you will find a set of metrics that … Continue reading 31 Data Sources, Surveys and Metrics for Doing Research on U.S. Labor Market.
14 Data Sources, Surveys and Metrics for Doing Research on U.S. Macroeconomic Performance.
If your research project encompasses facts on the Macroeconomic Performance of the U.S. Economy, here are some useful data sources and metrics that might illuminate insights for your research. Although there might be some discrepancies between what you narrowed as your research question and the data sources showed below, chances are you will find a … Continue reading 14 Data Sources, Surveys and Metrics for Doing Research on U.S. Macroeconomic Performance.
20 Data Sources and Surveys for Research on U.S. Economic Prospective.
If your research project involves aspects on the general prospective of U.S. Economy, here are some useful data sources, surveys and metrics that might illuminate insights for your research. Although there might be some discrepancies between what you narrowed as your research question, and the data sources showed below, chances are you will find a … Continue reading 20 Data Sources and Surveys for Research on U.S. Economic Prospective.
Where are the teenager workers? An answer to The New York Times.
In a recent article published by the New York Times, Patricia Cohen and Ron Lieber made a brief inquiry on youth employment during summer 2015. In their writing piece, Cohen and Lieber open two windows for interpretation about factors affecting teenagers’ employment during summer school break. One of them is to believe that people between … Continue reading Where are the teenager workers? An answer to The New York Times.
Is Construction Investment Holding Back Job Creation?
Employment level statistics for the month of June 2015 looked a bit worrisome for some economists. At a glance, Construction was one of the missing sector in the list of industries significantly contributing to job creation. Indeed, Construction was the last sector in joining job creation after the Great Recession. Though ADP, the payroll company, … Continue reading Is Construction Investment Holding Back Job Creation?
Employment statistics cannot be interpreted in a vacuum.
Employment statistics cannot be interpreted in a vacuum inasmuch as other economic indicators do determine employment growth. There are many nuances that require attention to detail. Indeed, details on June’s 2015 report on labor market are twofold. First, mining related industries –including utilities- started to adjust to low oil prices, as well as low demand … Continue reading Employment statistics cannot be interpreted in a vacuum.
Labor Productivity: 2015Q1 vis-à-vis 2014Q1.
Labor Productivity increased 0.2 percent when comparing 2014 first quarter and 2015 first quarter. Hours worked by all persons in the labor market increased 0.3 percent in 2015Q1 vis-à-vis 2014Q1. Compensation per hour changed 0.18 percent, whereas the Unit Labor Cost increased 0.16%. It is important to note that, while Output per person, working in … Continue reading Labor Productivity: 2015Q1 vis-à-vis 2014Q1.