Topic: Economy
News
June 9, 2015
"There's no well-defined tech sector," said Jerry Nickelsburg, an economics professor at UCLA. "There's clearly a large and vibrant technology sector that runs across many traditional sectors in Los Angeles — that is clear. What that translates to in terms of employment and income — that's a little less clear."
News
June 9, 2015
The incidence of involuntary part-time work surged during the Great Recession and has stayed unusually high during the recovery. This may reflect more labor market slack than is captured by the unemployment rate alone. Analysis across states and over time indicates that a substantial part of the increase is related to the business cycle. However, structural factors such as changes in industry composition, population demographics, and labor costs have also contributed. This suggests that involuntary part-time work may remain significantly above its pre-recession level as the labor market continues to recover.
News
June 9, 2015
When China was booming, scrap dealers focused heavily on that market. Ships that carried furniture and other household goods from China to California returned stuffed with old metal and boxes ready to be converted into new products. That traffic has slowed.
News
June 9, 2015
Data from the trade consulting group Trade Partnership Worldwide illustrates how the congressional districts with the highest value of exports in 2013 (excluding oil and gas shipments) were places where the number of households earning more than $100,000 a year and the number of college graduates were above the national average–often far above. (See the complete chart.)
News
June 9, 2015
Federal Reserve policies launched in a historic economic slump may have exacerbated wealth disparities in the U.S., according to new research from the Philadelphia Fed.
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