There’s been a lot of controversy about the accuracy of the Bureau of Labor Statistics’ recent job projections, but hard employment data from the Quarterly Census of Employment and Earnings released this morning show employment rose over the year in 2023’s second quarter by 2.4%, exactly what the QCEW’s sibling, the Current Employment Statistics, CES, or Establishment Survey is showing. As we know, the QCEW and the CES had been trading places for a few quarters. In the first quarter, the CES was ahead of the QCEW, resulting in the negative annual benchmark, -0.2% overall, and -0.3% private, announced in August. Average weekly wages, which are notoriously not comparable to average hourly earnings, were up 3.2% year over year, compared […]
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Eagles, Eels, and Forever Chemicals
Wildlife ranges are forever changing. As is becoming more widely understood, species most now migrate to find appropriate new habitats in our...
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Tech Construction Boom
The Biden administration’s industrial policy, specifically the CHIPS and Science Act, appears to be having a serious real-world effect. Construction...
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Levy Institute: Climate Change and the Ethical Obligation to Know
“The economy is a wholly owned subsidiary of the environment, not the other way around.” Herman Daly In his presentation at the Levy Institute’s...