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Daily Archives: October 11, 2010

EPI: Fifteen months since recession’s official end, economy short 11.5 million jobs

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Gap in Labor Market Now 11.5 Million Jobs, Heidi Shierholz – October 8, 2010- Economic Policy Institute

  • “The underemployment rate, or the U-6 measure of labor underutilization, is a more comprehensive measure of labor market slack than the unemployment rate because it includes not just the officially unemployed, but also jobless workers who have given up looking for work and people who want full-time jobs but have had to settle for part-time work (note, however, it does not include people underemployed in the sense that they have had to take a job that is below their skills, training, or experience level). This measure increased by 0.4 percentage points to 17.1% in September, meaning that more than one in six U.S. workers was either unemployed or underemployed. The number of involuntary part-time workers increased by 612,000, while the number of “marginally attached” workers (jobless workers who have given up looking for work), increased by 139,000. In September, there were a total of 26.8 million workers who were either unemployed or underemployed.”
  • Related postings on financial system

    • WSJ spotlights people-search sites and commercial data brokers

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    Escaping the ‘Scrapers’: “The Internet has given rise to a dizzying array of people-search sites and data brokers that gather and compile public information and social-networking profiles. The sites gather information from public sources such as property records and telephone listings, and other information is harvested by “scraping” — or copying — websites where people… Continue Reading

    WSJ Tracks how marketers are spying on Internet users

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    What They Know – interactive graphic: “Marketers are spying on Internet users — observing and remembering people’s clicks, and building and selling detailed dossiers of their activities and interests. The Wall Street Journal’s What They Know series documents the new, cutting-edge uses of this Internet-tracking technology. The Journal analyzed the tracking files installed on people’s… Continue Reading

    NABE Outlook: Growth Projections Marked Down – Higher Unemployment and Lower Inflation

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    Summary: “NABE [National Association for Business Economics] panelists trimmed their projections on economic growth; those projections now remain sub-par through year-end. Real GDP will accelerate gradually during 2011, but remain moderate for the whole of next year. “This summer’s slowdown has exposed the economy’s sensitivity to wealth losses, the unwinding of debt, and the reductions… Continue Reading

    FDIC 2010 Summary of Deposits

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    2010 Summary of Deposits data is now available: “The Summary of Deposits (SOD) contains deposit data for branches and offices of all FDIC-insured institutions. The Federal Deposit Insurance Corporation (FDIC) collects deposit balances for commercial and savings banks as of June 30 of each year, and the Office of Thrift Supervision (OTS) collects the same… Continue Reading

    White House Report to Congress on Afghanistan and Pakistan Strategy

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    Unclassified White House Report to Congress on Afghanistan and Pakistan, addressed to Senator Carl Levin, Chairman, Armed Services Committee, September 30, 2010. The report notes “both positive and negative trends in the implementation of our Afghanistan and Pakistan strategy.” Via FAS: “The report described the progress — or lack thereof — made this year towards… Continue Reading

    Global 'Digital Life' research project reveals major changes in online behaviour

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    News release: “The largest ever global research project into people’s online activities and behaviour – Digital Life – was launched today, ‘digital day’ by TNS, the world’s biggest custom research company. Covering nearly 90 per cent of the world’s online population through 50,000 interviews with consumers in 46 countries, the study reveals major changes in… Continue Reading

    Progress Toward Restoring the Everglades: The Third Biennial Review- – 2010

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    Committee on Independent Scientific Review of Everglades Restoration Progress; National Research Council: “Although the progress of environmental restoration projects in the Florida Everglades remains slow overall, there have been improvements in the pace of restoration and in the relationship between the federal and state partners over the last two years. However, the importance of several… Continue Reading

    Science &Technology Strategies of Six Countries: Implications for the U.S.

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    S&T Strategies of Six Countries: Implications for the United States “An increase in global access to goods and knowledge is transforming world-class science and technology (S&T) by bringing it within the capability of an unprecedented number of global parties who must compete for resources, markets, and talent. In particular, globalization has facilitated the success of… Continue Reading

    Pew Survey – Online Product Research

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    Report: Shopping, Search, Decision Making Online Product Research, by Jim Jansen, September 29, 2010 “The commercial use of the internet by American adults has grown since the mid-2000s, with 58% of Americans now reporting that they perform online research concerning the products and services that they are considering purchasing. That is an increase from 49%… Continue Reading