Bureau of Labor Statistics
Jobs report surprises as employers add 336,000 jobs in September
Employers continued their hiring streak in September, surprising economists by boosting jobs for workers in restaurants, health care, and government. The Bureau of Labor Statistics monthly jobs report, released Friday, showed a gain of 336,000 jobs. The unemployment rate held steady at 3.8%. The BLS also revised up the jobs added in July and August […]
Workers are less productive in key states. What it means for the economy.
U.S. worker productivity has dropped significantly, including in key large states, leaving some economists alarmed by the decrease in a measure that could mean trillions of dollars to the economy. Labor productivity — the value of the goods and services produced on average by an hour’s work — ranged from $58.80 in Mississippi to $120.67 […]
Official unemployment rate doesn’t capture enormity of COVID-19 labor force fallout
We know COVID-19 has hurt workers, especially service industry workers, hard. A recent poll of Ohio economists conducted by my firm found 38 of 40 economists think the economic fallout of COVID-19 will fall disproportionately on low- and middle-income families, with economists citing the labor market structure as the major culprit of this inequitable outcome. […]