Just for the infographic in itself this is worth looking at from the NYT last week: A migration of unmarried men. Pennsylvania does not seem to show up in those migration stats at all. It makes me wonder about a lot of things. Was there some vast untapped labor resource in Pennsylvania for these . . . → Read More: Men, migration
OK… this is for labor force wonks only.
So if you read the official press release on the monthly dump of labor force statistics, a headline the state points out is that the count of total unemployed in the region dropped by 2,000 between October and November, and that was the largest monthly drop since . . . → Read More: Apples and oranges and counting workers
Until recently, outsourcing by global financial firms to India conjured up an image of commoditised low end services outsourcing: call centres, peripheral systems programming, and testing and maintenance. However, in recent years, there is a new rise of more sophisticated work. This reflects supply and demand factors. Global financial firms are keen to cut . . . → Read More: The rise of high-end finance work in India
I tend to forget the state stuff, but I should have noticed this. Pennsylvania hit a new all-time labor force peak with the September data that came out a couple weeks ago.
Link: Data and chart from BLS.
Specifically the PA labor force is showing over 6.5 million for the first time ever. Topping . . . → Read More: Beyond the Burgh – Peak Pennsylvania Labor Force as well
No time to parse, but some might want to see the latest promo piece (too long to be advertisement… certainly not a documentary so I am not sure what to classify it as) from the MSC folks on all things Natural Gas in Pennsylvania.
If I were to parse a bit I would start with . . . → Read More: Morning over the Alleghenies
Little noticed in the media, but there was a big change in labor force stats routinely reported on each month for the Pittsburgh region.
A few may remember this post from April when I mentioned that the Bureau of Labor Statistics was reporting seasonally adjusted unemployment rates for the Pittsburgh region that were different . . . → Read More: Retroactive record setting unemployment rates
Shadowstats.com Author John Williams wonders if politics are at play behind the latest jobs report, which shows 114,000 new U.S. jobs since September and a 0.3% drop in unemployment since August. Investors need to know how seasonal factors and month-to-month volatility affect the Bureau of Labor Statistics’ reports. In this exclusive interview with . . . → Read More: John Williams on Lies, Damned Lies and the 7.8% Unemployment Rate
They are probably right. It is telling that neither Obama nor his Republican opponent has offered much of a plan to spur the economy, at least in the short term. So far as anyone has any short-term impact on the economy, it is the Federal Reserve, and even it is limited in . . . → Read More: Why Print Money?
Some hack calls out FoxNews for lying about unemployment:
During a segment criticizing the Obama administration for its messaging on the economy, a Fox & Friends graphic claimed that the “real unemployment rate” had increased from 7.8% in 2009 to 14.7% now.
But in order to make the claim that unemployment had increased . . . → Read More: It Takes One to Know One
So just to go beyond the headlines a bit looking at some recent news on the state’s unemployment rate for July. Headline is the unemployment rate ticked up 3/10th’s of a percent which is not good. Yet at the same time the labor force increased and is just a blip below its all . . . → Read More: To parse