I came across this chart of initial jobless claims from 1985 to present in a blog on economists view by Tim Duy. I've added some lines for illustration purposes. Note that the data is the 4 week moving average of weekly initial jobless claims.
What ...
Part of my research into divergence of median family income with GDP growth starting in the late '70's. I came across this paper by pure luck/chance reading Economist's view today.
I can't believe anybody is really surprised by this or that it wasn't fully expected by anybody paying even the slightest bit of attention to anything but the headline hype over the ...
I was able to get a rough, but decent handle on the uncertainty of the reported unemployment numbers. The uncertainty is based on the combination of BLS reported data and an independant measure of unemployment by Gallop.. done monthly. ...
Of the 200k employment gains in Dec, over 80% were in Services (164k/200k), and that was only 1k more than the Services gain in Dec last year... basically no difference in Dec's gains in services compared to a year ago. This is typical of December's employment gains due to holiday shopping season. ...
If you're mildly interested in structural v cyclical unemployment the following link provides insights and intriguing questions being posed by an objective economist --- objective = seeking to understand the differences in data (metrics) related to the Beveridge Curve (Beveridge Curve is the relationship of posted job ...
The early Industrial Revolution research I'm doing is to understand the effects of rapid and increasingly greater rates of technological change on labor distruption ... specifically whether the displacment of labor due to technologically induced changes can be reabsorbed if the rates of change continue unabated at an ...
I'd previously said Keynes statement was the first instance of the economic issue of technological unemployment in economic cirles. This is incorrect. The arguments that technological changes would or wouldn't cause unemployment in the long term were first made in the early 1800's by Say, Ricardo and others.&...
80 years ago a guy who rethought traditional economics and turned it on its head (a revolutionary economist then, and still so regarded by some) was able to extrapolate productivity improvement into the the future to discover that productivity improvement would create a serious economic issue, yet unheard of at the time:...
Compiled from data provided by article in NYT .... data in the article is by average unemployment rate over years of each Fed Chairmanship. ...
See this article on today's Economist's View site. Worth the read.
Basically, a 1994 academic paper (Stanley Aronowitz and William DiFazio, 1994, ...
The article by Antonio Fatas, which was supplied by Marc Thoma has a chart showing employment rate history for the EU15 , Germany, and the US since 1992.
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A nice take and explanation on magnitude of U.S. joblessness relative to prior "full employment" levels (potential or trend ...
The crux of the article is that business's have been, are now and inceasingly will depend on fewer "workers" ... depending more and more on employees with higher levels of education. The author recognizes ...
cashiers, etc... being more productive with technological advances. This component of employment is 10.5% of the workforce in 2008 (on average).... but retail sales workers comprise only 5.8% of the workforce... the remainder are sales representatives (insurance, advertising, & securities for the most ...
You've probably seen a lot of recent reports in news papers and blogs that show public employees are over compensated relative to the private sector, and even moreso when total compensation is included (health care plans, etc).
However, the reports you've seen are not comparative for level of education attained or on a per hour ...
One statement by Motorola in the article, really got my attention:
"A manager at Motorola explained that his company pays workers at the 70th percentile of wages for their occupation. That way, workers know that if they don?t perform and ...
Private sector capital enterprise doesn't give a hoot or a damn about employment or lack thereof except in the context of 1) having sufficient employees / skills to meet production (output) requirements; 2) insuring employees "tow the line", and 3) increasing productivity to reduce dependance on labor in general.... i.e. reduce ...
I forgot to include the corporate profits & market growth rates, so here they are... read'em and weep. Net: For the most recent comparative annual periods, corporate profits and market prices have grown ~15%... or ~ 14% over the rate of inflation for the period. This period is that for which unemployment rates ...
I think I've said before that public union workers are paid less or equal to private sector employees all things accounted for --- pensions and health benefits are paid for by the employees directly taken out of their hourly wage/salery... so direct salery's are less but pensions / health care benefits are more... .they balance out with ...
I've been wondering what the working pubic will think when they keep watching corporate profits and revenues rise, equity markets continue to grow into another bubble economy, while unemployment rates remain double or more what they used to be, and their own saleries are barely keeping pace with, if they are even keeping pace with ...
Interesting couple of blog articles by Krugman related to future of employment. In essense the articles question the need for miuch in the way of upper levels of education since a large ...