The Labor Market Is a Black Box

Education is important. Particularly in the labor market. But sometimes education gets confounded with certification. No Idea How to Evaluate Low-Skilled Workers Last week a Forbes article by Adam Ozimek has caught quite some attention. "Lack of information for low-skilled workers makes the market function worse; especially bad for black workers." https://t.co/ILQUQDB30c — Marc Andreessen (@pmarca) November … Continue reading The Labor Market Is a Black Box

The Employment Report 10/2015 – Labor Force Participation at Historic Low

Oh boy, last month the U.S. economy exceeded expectations. The BLS October ’15 Report Outlines Key Developments: 271,000 new jobs have been added Hourly earnings went up 2.5% over the year The unemployment rate went down to 5.0%  Labor force participation is at 62.4% Public reactions have been mainly positive but it is easy to be misled by certain indicators. … Continue reading The Employment Report 10/2015 – Labor Force Participation at Historic Low

Labor Statistics and its Little Secret

Someone misrepresented facts. Again. ‘Unemployment’ vs. ‘Underemployment’ This time it was Senator Sanders during the first Democratic Debate: African American youth unemployment is 51 percent. Hispanic youth unemployment is 36 percent. // Sen. Bernie Sanders (D-VT) The mistake: Right numbers. Wrong attribution. The data is from a recent report prepared by the Economic Policy Institute … Continue reading Labor Statistics and its Little Secret

Diversified Workers: A Topic for the Presidential Campaign and Beyond

Almost anything you need can be only one click away: Transportation, food delivery, valet service, grocery shopping, you name it. On-demand services are built around a new kind of workers. This very short article explores facts and projections about the future of gig-economy labor. Labor Market Shift The U.S. labor market is seeing a clear … Continue reading Diversified Workers: A Topic for the Presidential Campaign and Beyond