Another week of some wildly contradictory employment indicators.
Category Archives: employment
President Bush on Economics
On Wednesday, the President writes in a Wall Street Journal op-ed (sub. req.):
The Economic Debate over Minimum Wage Effects
A little bit of knowledge is a dangerous thing. How does extending the debate beyond Econ 101 levels of analysis change the nature of the debate?
Employment remains solid
This week’s employment data do not show an economy in recession.
Compensation Catch-up Postponed
The Administration has been lauding the acceleration in compensation growth. Newly revised figures indicate that the rejoicing was premature, as Q2 real compensation growth was revised downward.
Using those employment numbers
What do you do when one line of the latest government statistical release says that U.S. employment grew by 92,000 jobs during October, while 4 paragraphs later the same report gives the number at 437,000?
The October Employment Report: Dunking the Data in Some Cold Water
There has been much hullaballoo about how tight the labor market is given the upward revisions in the August and September figures, on top of the preliminary benchmark revision reported last month.
Perspective on the Employment Release and Preliminary Benchmark Revision
There was a lot of discussion surrounding the BLS’s benchmark revision. Dave Altig at Macroblog has an excellent review, while Ritholz at Big Picture is perturbed about the magnitude of the data revision. Without claiming to have greater insights into why the revision is so large, I do think a look at the context would be useful.
Further reflections on productivity and compensation trends
Another way to look at the relationship between productivity and real compensation.
“Job Creation Continues: More than 5.7 Million Jobs Created Since August 2003” — White House
Following up on Floyd Norris’s article on how slow employment growth has been during the current expansion, as well as numerous other comments on the Web, I examine other dimensions of labor market performance.