Posts filed under “Employment”

Category: Employment, Think Tank

Jobs: More Slowly Created, More Slowly Destroyed

Category: Employment, Think Tank

Jobless in Seattle? Not Yet, Anyway. Part 2

@TBPInvictus On Wednesday, I threw in my $0.02 about the controversy surrounding the increase in Seattle’s minimum wage. Unlike any of those who have been decrying the new law and its impact, I used some data to demonstrate the absence (as yet) of any ill effects. Specifically, I looked at restaurant permit issuance and found…Read More

Category: Current Affairs, Data Analysis, Economy, Employment, Really, really bad calls

Jobless in Seattle? Not Yet, Anyway.

@TBPInvictus Barry wrote yesterday about how political bias can corrupt economic analysis. It’s something he and I discuss all the time and are always on the lookout for. We’ve documented over the years how leaning too heavily on one’s politics is a recipe for disaster when it comes to asset management. In the wealth management…Read More

Category: Current Affairs, Data Analysis, Economy, Employment, Really, really bad calls

How much weight does the FOMC put on inflation vs unemployment?

From Torsten Sløk, Ph.D.: When I discuss the timing of Fed liftoff with clients it is essentially a debate about how much weight the FOMC puts on inflation and how much weight they put on the unemployment rate. If you believe they put a high weight on inflation, then they will not raise rates anytime…Read More

Category: Employment, Federal Reserve, Inflation

Majority of Hires Never Report Looking for a Job

Majority of Hires Never Report Looking for a Job Carlos Carrillo-Tudela, Bart Hobijn, Patryk Perkowski, and Ludo Visschers FRBSF, 2015-10 March 30, 2015         Every month, millions of workers search for new jobs although they already have one. About one-tenth of these searchers switch employers in the following month. However, most of the…Read More

Category: Employment, Think Tank

Labor Market Slack and Monetary Policy

Category: Employment, Federal Reserve, Think Tank

More Signs of Wage Inflation

From Torsten Sløk of Deutsche Bank: The first chart below shows that over the past year employer costs have risen significantly. The second chart shows that the rise is driven partly by a significant increase in bonuses. The third chart shows that the uptrend in wages can been seen across all parts of the services…Read More

Category: Employment, Inflation, Think Tank, Wages & Income

What the Fed Will Be Looking at in Today’s Employment Report

Today’s employment report may be hard to read: The severe weather in the Northeast and Midwest affected the Labor Department’s data-collection process. The weather has been so disruptive that department  employees can’t even get into the office on time to release this morning’s report. For the first time ever, it’s being released online. But as I…Read More

Category: Data Analysis, Employment, Federal Reserve

Youth Labor Force Participation Falls, but with Good Reason

Labor Force Participation Rate: 1955-2014 Labor Force Participation Rate Labor Force Participation Rate In School to Population Ratio: 16-24 NEET to Population Ratio: 16-24 Source: Federal Reserve Bank of St. Louis

Category: Digital Media, Employment