In the last half century US policies have profoundly changed the way Americans earn their daily bread. This post quantifies a few of those changes. The data comes from the US Bureau of Labor Statistics (BLS) Nonfarm labor payroll surveys. Previous posts here and here summarize the difference between the BLS "nonfarm" and BLS "total" labor reports.
Chart 1: Total "Nonfarm" US employment showing Government and Private sectors
____________
Wednesday, October 20, 2010
Thursday, October 14, 2010
Measuring Unemployment and Job Growth
A Long Road Ahead .... NYTimes
Seth W. Feaster/The New York Times
Source: Bureau of Labor Statistics (projections calculated by The New York Times based on B.L.S. figures)
_______________________
_______________________
Labels:
Employment,
Growth
Monday, October 11, 2010
US Employment and GDP
We are a nation of 308 million souls of which approximately 140 million or so are "employed" full time or part time. Chart 1 shows some of the major categories the US Bureau of Labor uses to monitor America's labor situation (Click for larger charts)
Chart 1 US Employment Categories |
Friday, October 8, 2010
There’s Class Warfare, All Right,” Mr. Buffett said...
There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
This is the first post in what I plan to be a series of posts on the history, status and immediate future of the welfare of average American citizens and households.
I will start with two extracts -- the first from a conversation with Warren Buffet reported in the NYT, the second from "Sudden Debt", one of my favorite bloggers:
In a conversation with Mr Buffett (NYT 2006)
This is the first post in what I plan to be a series of posts on the history, status and immediate future of the welfare of average American citizens and households.
I will start with two extracts -- the first from a conversation with Warren Buffet reported in the NYT, the second from "Sudden Debt", one of my favorite bloggers:
In a conversation with Mr Buffett (NYT 2006)
Labels:
Debt,
Deficit,
Fiscal Stimulus
BLS Employment Report Today
I will be publishing a series of "Unemployment 101" posts in the next few weeks. Meanwhile here is data published today by the BLS with commentary from a few sources
From the Economist
From the Economist
TODAY, the Bureau of Labour Statistics released the last set of American employment numbers to come ahead of the November Congressional elections.
Labels:
Employment
ProfessorBrad DeLong on Macroeconomics
DeLong summarizes Jean Baptiste Say, JS Mill, Malthus and Niall Ferguson
Copied completely from Professor DeLongs site
What Does Cutting-Edge Macroeconomics Tell Us About Economic Policy for the Recovery?
from Grasping Reality with Both Hands by Brad DeLong
(Emhasis mine)
Let us start with one of the first economists, Jean-Baptiste Say.
Say wanted to be a technocrat, and was well on the way—special assistant to Girondist Party Finance Minister Etienne Claviere in the early days of the first French Republic. His patron was fired, purged, arrested, imprisoned, probably tortured, sentenced to the guillotine, which he cheated by committing suicide the day before his scheduled execution.
Labels:
Debt,
Deficit,
Fiscal Stimulus,
Growth
Subscribe to:
Posts (Atom)