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Tag Archives: employment
The Robots Are Here!
“…robots now poses the central economic dilemma of the Obama era” …In their book, Brynjolfsson and McAfee cite a meeting between Henry Ford and Walter Reuther, the union leader. Pointing at his new robots, Mr Ford says, “How will you … Continue reading
Posted in Employment, Technology
Tagged Edward Luce, employment, FT, Health Care, Online Education, Robots, Technology
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U.S. Employment Situation – December 2012
Looks like construction hiring is starting to kick in. We’ll post something more on this later today. The BLS reported this morning, Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the … Continue reading
Which industry sectors created new jobs and suffered losses?
Nice breakdown on where the jobs were created and lost in October. The chart illustrates the top 10 sectors with the largest job creation and the bottom 10, which experienced the most losses. Good to see construction as reflected … Continue reading
U.S. Employment Situation – October 2012
The BLS reported this morning, Total nonfarm payroll employment increased by171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, health care, … Continue reading
Are the Droids Taking Our Jobs? MUST VIEW!
We really hope Fed Chairman Bernanke sees this Ted Talk by Andrew McAfee, a management research scientist at MIT’s Sloan School of Management. QE∞ will not rollback the technological forces that are shaping the global labor market and risks … Continue reading
Jobs 2012: State Unemployment Rates
Good data from the BLS today, In August 2012, 13 states and the District of Columbia recorded statistically significant over-the-month changes in employment, 7 of which were increases. The largest statistically significant increases in employment occurred in Texas (+38,000), Florida … Continue reading
America’s Minimum Wage Recovery
The Miami Herald out with a piece today on Florida’s recovery being led by minimum-wage jobs, which also reflects a national trend. The Herald reports, Florida’s employment recovery hasn’t brought back many well-paying jobs. That’s the conclusion of a new … Continue reading
Posted in Employment
Tagged employment, Minimum Wage Jobs, State and local government employment
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U.S. Employment Situation – July 2012
The jobs report was better than expected. Construction jobs, which we have been monitoring, are still lagging, especially among specialty trade contractors, losing 12K jobs this month. Education and healthcare jobs rebounded to 38k up from last month’s lower than … Continue reading
Will Construction Begin to Lead Job Creation?
Lots of chatter out there about a housing bottom and recovery. Whether true or not the U.S. labor market sure could use one even though “residential building” employment as formally defined by the BLS is a surprisingly smaller share of … Continue reading
Manufacturing Productivity
Interesting chart from the BLS showing multifactor productivity in the manufacturing industries. Labor input saw huge gains in productivity in the past few years and some believe the sluggish recovery in employment is due to productivity increases. It’s going to … Continue reading
Posted in Economics, Employment
Tagged Construction jobs, employment, Labor Markets, manufacturing, Productivity
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Global Macro Monitor 