In a previous post, I covered how heteroscedasticity “happened” to me. The anecdote I mentioned mostly pertains to time series data. Given the purpose of the research that I was developing back […]
The unemployment rate continues to decline in July 2015 for most of the metropolitan areas within the United States. 92% of the metropolitan areas in the Nation experienced lower unemployment rates than […]
Regional and State statistics on employment and unemployment for the month of July 2015 looked motionless for the great majority of States in terms of over-the-month changes. Over-the-year though, nonfarm employment increased […]
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 […]
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 […]
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 […]
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 […]
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 […]
Data on employment levels for April and May 2015 look favorable. Both months have shown increments above 200,000 jobs. However, the unemployment rate stubbornly hovers around 5.4%. In spite of U.S.’ GDP […]
Despite news showing negative growth in Gross Domestic Product for the first quarter 2015, most of the U.S. industries experienced growth on level of employment in April 2014 to April 2015 comparison. […]
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