11/18/2018

News

Workers in Alternative Employment Arrangements

A May 2017 survey collected information about workers who were in four alternative employment arrangements—people employed as independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms. These data were collected in a special supplemental survey to the Current Population Survey, the monthly household survey that provides information on employment and […]

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Why Aren’t U.S. Workers Working?

Labor force participation among U.S. men and women ages 25 to 54 has been declining for nearly 20 years, a stark contrast with rising participation in Canada over this period. Three-fourths of the difference between the two countries can be explained by the growing gap in labor force attachment of women. A key factor is […]

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The jobs are here, but where are the people?

The US manufacturing industry continues to gain momentum. Job openings have been growing at double-digit rates since mid-2017, and are nearing the historical peak recorded in 2001.1 In this dynamic manufacturing environment, Deloitte and The Manufacturing Institute launched their fourth skills gap study, to reevaluate their prior projections and move the conversation forward on today’s […]

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California unemployment rate holds at record low 4.1 percent

California’s unemployment rate held at the record low of 4.1 percent in October. The state Employment Development Department says Friday that employers added 36,400 jobs last month. A year earlier, California’s unemployment rate was 4.5 percent. The rate hit the record low in September after spending months just a notch higher at 4.2 percent.

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Blue-collar jobs will survive the rise of artificial intelligence. But the work will change

Call it the automation paradox: The infusion of artificial intelligence, robotics and big data into the workplace is elevating the demand for people’s ingenuity, to reinvent a process or rapidly solve problems in an emergency. The new blue-collar labor force will need four “distinctively more human” core competencies for advanced production: complex reasoning, social and […]

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Job Openings Outnumbered Unemployed Americans by More Than One Million in September

Unfilled jobs in the U.S. exceeded the number of unemployed Americans by more than one million as the summer came to a close, a sign it is increasingly difficult for employers to find workers. There were a seasonally adjusted 7.01 million job openings on the last business day of September, the Labor Department said Tuesday. […]

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Labor shortage could slow California’s economy

So there it is – seemingly unleavened good economic news. Record numbers of Californians are working and earning livings for themselves and their families. However, there are some dark clouds on the horizon. For one thing, data from the federal Bureau of Labor Statistics reveal that California has one of the nation’s highest rates of […]

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Worker-Productivity Gains Coming Up Short in Stronger Economy

Despite strong economic growth and historically low unemployment, a government report released Thursday pointed to an important missing ingredient so far in the U.S. expansion: worker-productivity improvements. Output per hour for workers in nonfarm businesses rose 1.3% in the third quarter from a year earlier, marking the 32nd straight quarter of yearly growth below 2%, […]

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Wages Rise at Fastest Rate in Nearly a Decade as Hiring Jumps

Hiring accelerated in October and the unemployment rate held at a 49-year low, signs of a strengthening labor market that delivered U.S. workers the best pay raises in nearly a decade. U.S. nonfarm payrolls increased a seasonally adjusted 250,000 in October, the Labor Department said Friday. The unemployment rate held steady at 3.7%, matching lowest […]

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PAGA Cost Wal-Mart 65 Million Dollars

If you are not familiar with PAGA, it stands for the Private Attorney General Act, a law referred to as the “sue your boss law”. It was enacted in 2004 and California is the only state in the union that has such a law. When the law was created there was a budget deficit in […]

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One Nation, Two Economies

Almost all news coverage of the current election season has focused on cultural issues such as gender, race, and immigration. What the media have missed are deep socioeconomic trends driving parts of the country in divergent political directions. President Trump has overseen a significant transformation in the geography of the nation’s growth and prosperity. Instead […]

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Beige Book-October 24, 2018

Economic activity in the Twelfth District continued to expand at a moderate pace during the reporting period of September through early October. Conditions in the labor market tightened noticeably, and wage pressures picked up. Price inflation increased moderately. Sales of retail goods picked up slightly, while activity in consumer and business services was solid. Activity […]

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Minimum Wage Increases and Individual Employment Trajectories

Using administrative employment data from the state of Washington, we use short-duration longitudinal panels to study the impact of Seattle’s minimum wage ordinance on individuals employed in low-wage jobs immediately before a wage increase. We draw counterfactual observations using nearest-neighbor matching and derive effect estimates by comparing the “treated” cohort to a placebo cohort drawn […]

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Strong Economy Draws Women into U.S. Labor Force

For most of the last two decades, the share of women participating in the U.S. labor force was in decline, puzzling demographers and economists since female participation was rising in many other developed economies. Thanks to a strong economy, that long-running decline shows signs of reversing. Labor-force participation among prime-age U.S. women aged 25 to […]

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Commentary: Opportunity Is Coming to a City Near You

The federal government’s most powerful economic weapon is the tax code, and its most pressing problem is the ailing American Dream. Enter “opportunity zones,” economically distressed communities where new investments can receive preferential tax treatment. The incentives were quietly inserted into last year’s tax-reform bill. Treasury Secretary Steven Mnuchin recently predicted they could prompt $100 […]

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