Posts filed under “Employment”
click for interactive chart
Great set of interactive charts at the WSJ showing differing views of American employment. Maps include Jobless Rate Change, 2013-14; Labor Force Percentage Change, and the map above of Jobless Rate Change Since the Great Recession Began.
The cartograms are sized not by their physical acreage, but rather by their civilian labor force populations. It is a density-equalized view of regional employment.
Click through to WSJ to see the other versions.
Over the years, I have spilled a lot of pixels on why the monthly obsession on NonFarm Payrolls is misplaced (See e.g., this, this and this). What matters is not any single data point, but the overall trend. And as we have seen since the trend reversed in 2010, that trend has become positive….Read More
Labor Market Exit and Re-Entry: Is the United States Poised for a Rebound in the Labor Force Participation Rate?
Slow Recovery in Wages and Salaries Continues despite Strong Jobs Growth LaVaughn M. Henry Economic Trends, 11.05.14 After enduring the worst recession since the Great Depression and seeing higher levels of unemployment than at any other point in their lifetime, Americans have been finding jobs at an increasing rate. However, the workplaces…Read More
How Much Slack Is in the Labor Market? That Depends on What You Mean by Slack Murat Tasci and Randal Verbrugge Federal Reserve Bank of Cleveland, 10.15.14 Estimates of labor market slack can diverge a great deal depending on how slack is defined. We calculate slack using five different concepts…Read More