Notes from the Editors, March 2020

2020 ◽  
pp. c2-64
Author(s):  
The Editors
Keyword(s):  
Business Cycle ◽  
Unemployment Rate ◽  
Full Employment ◽  
Wage Growth ◽  
The Past ◽  
Labor Statistics ◽  
The Business Cycle ◽  
Bureau Of Labor Statistics ◽  
The U.S ◽  
New Jobs

buy this issue According to the U.S. Bureau of Labor Statistics, the U.S. economy is experiencing an unemployment rate that is at a fifty-year low. Yet, wage growth continues to be weak, with continuing wage stagnation even at the peak of the business cycle. A major and largely undertheorized reason for the sluggish wages in a period of seeming full employment is to be found in the fact that the new jobs being created by the economy do not measure up to those of the past in terms of weekly wages and hours, or in the degree to which they support households or even individuals.

Notes from the Editors, February 2020

2020 ◽  
pp. c2-64
Author(s):  
The Editors
Keyword(s):  
Business Cycle ◽  
Unemployment Rate ◽  
Full Employment ◽  
Wage Growth ◽  
The Past ◽  
Labor Statistics ◽  
The Business Cycle ◽  
Bureau Of Labor Statistics ◽  
The U.S ◽  
New Jobs

buy this issue According to the U.S. Bureau of Labor Statistics, the U.S. economy is experiencing an unemployment rate that is at a fifty-year low. Yet, wage growth continues to be weak, with continuing wage stagnation even at the peak of the business cycle. A major and largely undertheorized reason for the sluggish wages in a period of seeming full employment is to be found in the fact that the new jobs being created by the economy do not measure up to those of the past in terms of weekly wages and hours, or in the degree to which they support households or even individuals.

The U.S. Unemployment Rate

2020 ◽  
pp. 137-150
Author(s):  
Frank Stricker
Keyword(s):  
Unemployment Rate ◽  
Government Policy ◽  
Full Employment ◽  
Census Bureau ◽  
Works Progress Administration ◽  
Government Officials ◽  
Discouraged Workers ◽  
Official Rate ◽  
Bureau Of Labor Statistics ◽  
The U.S

Creating a scientific survey of unemployment in the 1930s and 1940s was an advance for people’s understanding of unemployment and for rational government policy. Many government officials, including Secretary of Labor Frances Perkins and agencies including the Census Bureau, the Works Progress Administration, and the Bureau of Labor Statistics (BLS), deserve credit for the achievement. However, today’s BLS unemployment rate omits too many people, and the low count weakens support for job-creation programs. This chapter offers a short history and a critique. It explains and evaluates the official rate, discusses hidden unemployment, including discouraged workers and other labor-force dropouts, evaluates alternative unemployment rates, including the BLS’s U-6 and the National Jobs for All Coalition’s rate, and examines the idea of full employment.

scholarly journals Asymmetric dynamics between uncertainty and unemployment flows in the United States

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Ali Ahmed ◽  
Mark Granberg ◽  
Victor Troster ◽  
Gazi Salah Uddin
Keyword(s):  
United States ◽  
Business Cycle ◽  
Negative Impact ◽  
The United States ◽  
Large Uncertainty ◽  
Monthly Data ◽  
Uncertainty Measures ◽  
Linear And Nonlinear ◽  
The Business Cycle ◽  
The U.S

AbstractThis paper examines how different uncertainty measures affect the unemployment level, inflow, and outflow in the U.S. across all states of the business cycle. We employ linear and nonlinear causality-in-quantile tests to capture a complete picture of the effect of uncertainty on U.S. unemployment. To verify whether there are any common effects across different uncertainty measures, we use monthly data on four uncertainty measures and on U.S. unemployment from January 1997 to August 2018. Our results corroborate the general predictions from a search and matching framework of how uncertainty affects unemployment and its flows. Fluctuations in uncertainty generate increases (upper-quantile changes) in the unemployment level and in the inflow. Conversely, shocks to uncertainty have a negative impact on U.S. unemployment outflow. Therefore, the effect of uncertainty is asymmetric depending on the states (quantiles) of U.S. unemployment and on the adopted unemployment measure. Our findings suggest state-contingent policies to stabilize the unemployment level when large uncertainty shocks occur.

A framework for the evaluation and use of alternative data in the Consumer Expenditure Surveys

1915 ◽  
Author(s):  
Laura Erhard ◽  
Brett McBride ◽  
Adam safir
Keyword(s):  
Strategic Plan ◽  
Consumer Expenditure ◽  
Quality Of Data ◽  
Additional Information ◽  
Complementary Role ◽  
Labor Statistics ◽  
Weighting Procedures ◽  
Bureau Of Labor Statistics ◽  
The U.S

As part of the implementation of its strategic plan, the U.S. Bureau of Labor Statistics (BLS) has increasingly studied the issue of using alternative data to improve both the quality of its data and the process by which those data are collected. The plan includes the goal of integrating alternative data into BLS programs. This article describes the framework used by the BLS Consumer Expenditure Surveys (CE) program and the potential these data hold for complementing data collected in traditional formats. It also addresses some of the challenges BLS faces when using alternative data and the complementary role that alternative data play in improving the quality of data currently collected. Alternative data can substitute for what is presently being collected from respondents and provide additional information to supplement the variables the CE program produces or to adjust the CE program’s processing and weighting procedures.

scholarly journals The Economic Implications of Compensation Package to a Business Process Outsourcing in Bacolod City

2020 ◽  
Vol 3 (2) ◽  
pp. 17-18
Author(s):  
Luneta Fe S. David ◽  
Anabelle S. Palic
Keyword(s):  
Business Process ◽  
Business Process Outsourcing ◽  
Employee Compensation ◽  
Economic Implications ◽  
Compensation Package ◽  
Labor Statistics ◽  
Base Salary ◽  
Bureau Of Labor Statistics ◽  
The U.S

As one of the most comprehensive compensation tools for motivating employees, compensation package plans are forms of payment in an organization's compensation practices associated with performance. It is generally one of the organization’s highest costs. According to the U.S. Bureau of Labor Statistics (BLS), 69.6% of a business' employee compensation expenses comprise the salaries and wages. While some costs are controllable, most employers must bear several salary-related costs beyond the base salary (Keegan, 2020). By far, there has never been any attempt to investigate the economic implications of the compensation package in terms of savings on expenditures. Hence, this study primarily intends to determine the economic implications of the compensation package to a business process outsourcing (BPO) in Bacolod City in terms of savings on expenditures. Likewise, it examines the strengths, weaknesses, threats, and opportunities of the company.

scholarly journals Cargo Handling By Truckers And Competitive Advantage: Is There A Relationship?

2011 ◽  
Vol 4 (1) ◽  
pp. 87
Author(s):  
Jeff Kennedy
Keyword(s):  
United States ◽  
The United States ◽  
Truck Drivers ◽  
Transportation Industry ◽  
Industry Data ◽  
Cargo Handling ◽  
Labor Statistics ◽  
Mode Of Transportation ◽  
Bureau Of Labor Statistics ◽  
New Jobs

The transportation industry is one of the largest employers in the United States. In fact, employment in the transportation industry is expected to increase from 4,205,000 jobs in 2002 to 5,120,000 jobs in 2012, an increase of 914,000 jobs, with truck drivers, including heavy and tractor-trailer drivers adding 337,000 new jobs (U.S. Bureau of Labor Statistics, 2006 and NAICS Industry Data, 2004). Truck drivers are a valuable and unique resource in today's economy because companies rely on trucks to pick up and deliver merchandise. No other mode of transportation delivers door-to-door. While some goods may travel most of the way by ship, train, or airplane, almost every good is carried by truck at some point en route to its destination. (West, 1-46)

scholarly journals The Business Cycle And Competition In The U.S. Brewing Industry

2011 ◽  
Vol 18 (2) ◽  
Author(s):  
Craig A. Gallet ◽  
Patricia J. Euzent
Keyword(s):  
Business Cycle ◽  
Font Size ◽  
Brewing Industry ◽  
Game Theoretic ◽  
Demand Fluctuations ◽  
The Business Cycle ◽  
The U.S

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt; tab-stops: 4.5pt;"><span style="mso-bidi-font-style: italic;"><span style="font-size: x-small;"><span style="font-family: Batang;">Recent game-theoretic models of cartel behavior assess the sustainability of cooperation in the presence of demand fluctuations.<span style="mso-spacerun: yes;">&nbsp; </span>Depending on the stochastic assumptions of demand, different outcomes are predicted.<span style="mso-spacerun: yes;">&nbsp; </span>Accordingly, this paper investigates the effects of demand fluctuations on competition in the U.S. brewing industry.<span style="mso-spacerun: yes;">&nbsp; </span>The results show that competition among brewers is greater during periods associated with significant negative shocks to demand, lower observed demand, lower expected future industry profit, and lower advertising.</span></span></span></p>

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