| Title |
Date |
Publication |
Author(s) |
Type |
| The Employment Situation, June
|
July, 2008 |
|
Beth Mowry; Yoonsoo Lee; |
Economic Trends |
| Abstract: Today’s Employment Report revealed a net decline of 62,000 jobs in June, in line with expectations and identical to May’s 62,000 drop (after revision). This report brings the sixth consecutive month of decline, which began in January.
|
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| Just When Did the Labor Market Begin to Soften?
|
July, 2008 |
|
Beth Mowry; Yoonsoo Lee; |
Economic Trends |
| Abstract: While net employment changes are usually tracked as a major indicator of the growth or decline of the economy, these numbers mask the underlying process that begets the net results, a process that includes employment turnover, job creation, and job destruction. The most recent BED data show gross job gains totaling 7.25 million in the third quarter of 2007 and gross job losses totaling 7.5 million.
|
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| The Employment Situation, May
|
June, 2008 |
Economic Trends |
Beth Mowry; Murat Tasci; |
Economic Trends |
| Abstract: The unemployment rate shot up from 5.0 percent to 5.5 percent in May, its sharpest increase in 22 years. As always, though, one needs to be cautious when interpreting monthly changes in household data, because they are very volatile. One factor contributing to this uptick is an unusually high level of teenagers entering the labor force.
|
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| Labor Turnover and Employment in Different U.S. Regions
|
June, 2008 |
Economic Trends |
Beth Mowry; Murat Tasci; |
Economic Trends |
| Abstract: According to BLS data, there is significant variation in the way labor turnover behaves in different regions of the United States. Some of the patterns might indicate, for example, that a structural change is affecting only the Midwest, resulting in a regional labor market that does not follow the rest of the country.
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| Gender Differences in Employment Statistics
|
May, 2008 |
|
Beth Mowry; Yoonsoo Lee; |
Economic Trends |
| Abstract: One key measure of the condition of an economy’s labor market is the unemployment rate. At 5.0 percent, some see recent unemployment data as further evidence of an economy in distress. The unemployment rate has inched slightly higher in the past few months (4.9 percent in January to 5.0 percent in April) and over the course of the past year (it was 4.5 percent last April). Historically, though, the rate is actually somewhat low.
|
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| The Employment Situation, April
|
May, 2008 |
|
Beth Mowry; Michael Shenk; |
Economic Trends |
| Abstract: The April Employment Report came in better than anticipated, with a total loss of just 20,000 nonfarm jobs from payrolls. Revisions to February and March numbers increased the losses in those months by just 8,000. The unemployment rate edged slightly lower, from 5.1 percent to 5.0 percent over the month.
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| What Interest Rate Spreads Can Tell Us about Mortgage Markets
|
May, 2008 |
|
Beth Mowry; Andrea Pescatori; |
Economic Trends |
| Abstract: The target for the federal funds rate has been slashed three full percentage points since September, from 5.25 to 2.25 percent. Yet the average interest rate on 30-year fixed-rate mortgages has fallen only about half a percentage point—from about 6.4 to about 5.9 percent—over the same time span. Why has the central bank’s aggressive action had such a small impact on these mortgage rates, and what does this mean?
|
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| The Employment Situation, March
|
April, 2008 |
|
Beth Mowry; Murat Tasci; |
Economic Trends |
| Abstract: Total nonfarm payroll employment declined by 80,000 in March to 137,846, according to the initial estimate released by the BLS today. Revisions suggest 22,000 more job losses were added to the original estimate for January and 63,000 more were added for February. Overall these numbers indicate the lowest quarterly employment growth since the first quarter of 2003.
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| Does the Recent Trend in Labor Demand Presage Recession?
|
March, 2008 |
|
Beth Mowry; Murat Tasci; |
Economic Trends |
| Abstract: Overall, different measures of job availability suggest that the number of new job vacancies advertised might be falling. Dips in some of those measures are highly correlated with the occurrence of recessions.
|
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| Preliminary Employment Data Might Miss a Recession Onset
|
March, 2008 |
|
Beth Mowry; Yoonsoo Lee; |
Economic Trends |
| Abstract: As we move further into 2008, concerns are growing about the U.S. economy heading toward recession. The Employment Situation reports released by the Bureau of Labor Statistics have received a lot of attention in recent months, as economists try to determine the extent to which housing troubles may have spilled over to the broader economy. This month’s Employment Situation reported a decline of 63,000 two nonfarm payrolls in February and a revised loss in January, which increased the initial tally of 17,000 job losses to one of 22,000. The last time two consecutive months of decline occurred was in June 2003.
|
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| The Employment Situation, February
|
March, 2008 |
|
Beth Mowry; Yoonsoo Lee; |
Economic Trends |
top |
| The Employment Situation, February
|
March, 2008 |
|
Beth Mowry; Yoonsoo Lee; |
Economic Trends |
top |
| The Pass-through of Oil Prices to Gasoline Prices
|
February, 2008 |
|
Beth Mowry; Andrea Pescatori; |
Economic Trends |
top |
| The Employment Situation, January
|
February, 2008 |
|
Beth Mowry; Murat Tasci; |
Economic Trends |
top |
| Manufacturing Employment
|
January, 2008 |
|
Beth Mowry; Yoonsoo Lee; |
Economic Trends |
top |
| The Employment Situation, December
|
January, 2008 |
|
Beth Mowry; Murat Tasci; |
Economic Trends |
top |
| The Employment Situation, November
|
December, 2007 |
|
Beth Mowry; Murat Tasci; |
Economic Trends |
top |
| Women in the Labor Force
|
December, 2007 |
|
Beth Mowry; Murat Tasci; |
Economic Trends |
top |
| Union Membership
|
November, 2007 |
|
Beth Mowry; Yoonsoo Lee; |
Economic Trends |
top |
