Men, migration

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

Apples and oranges and counting workers

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

The rise of high-end finance work in India

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

Beyond the Burgh – Peak Pennsylvania Labor Force as well

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

Morning over the Alleghenies

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

Retroactive record setting unemployment rates

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

John Williams on Lies, Damned Lies and the 7.8% Unemployment Rate

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

Why Print Money?

Andrew Coyne:

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?

It Takes One to Know One

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

To parse

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