The monthly jobs report garners a great deal of attention from economists, the media, and politicians. However, much more interesting than the national data is the underlying statistics on job creation by state. The bottom line is that there is tremendous variation from...
There is an iconic scene in the 1967 movie The Graduate in which a family friend tells Benjamin at his college graduation party that there is just one word he needs to know regarding his future – “Plastics.” Well, in recent years, the...
One of the stated objectives of the Administration’s trade policy is to stimulate a revival of American manufacturing that will reverse the long term decline in the number of manufacturing jobs. In 2024, only 8% of the total workforce was engaged in manufacturing...
I have written several pieces such as Retraining the Workforce: A National Priority that discussed the likely obsolescence of a number of job categories due to the implementation of artificial intelligence, robotics, and a number of other technologies. Siegel and Sexauer recently produced...
My recent post, The End of the Beginning, discussed the process by which the FED’s interest rate hikes should slow the economy, and ultimately, ease inflationary pressures. Typically, increases in rates impact housing, orders for goods, corporate profits, and employment in that order....
All of us are aware of the phenomenon known as The Great Resignation in which a record number of people are leaving their jobs, in many cases without having secured another position. As depicted in the following graph, the percentage of the workforce...
