News release: “Total nonfarm payroll employment rose by 163,000 in July, and the unemployment rate was essentially unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services and drinking places, and manufacturing…Employment in professional and business services increased by 49,000 in July. Computer systems design added 7,000 jobs, and employment in temporary help services continued to trend up (+14,000). Within leisure and hospitality, employment in food services and drinking places rose by 29,000 over the month and by 292,000 over the past 12 months. Manufacturing employment rose in July (+25,000), with nearly all of the increase in durable goods manufacturing. Within durable goods, the motor vehicles and parts industry had fewer seasonal layoffs than is typical for July, contributing to a seasonally adjusted employment increase of 13,000. Employment continued to trend up in fabricated metal products (+5,000). Employment continued to trend up in health care in July (+12,000), with over-the-month gains in outpatient care centers (+4,000) and in hospitals (+5,000). Employment also continued to trend up in wholesale trade.”
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Daily Archives: August 2, 2012
Gross job gains decreased in fourth quarter 2011, while gross job losses increased
Business Employment Dynamics Summary – Fourth Quarter 2011: “From September to December 2011 gross job gains from opening and expanding private sector establishments were 6.9 million, a decrease of 204,000 from the previous quarter, the U.S. Bureau of Labor Statistics reported today. Over this period, gross job losses from closing and contracting private sector establishments… Continue Reading
Comparing Compensation for Federal and Private-Sector Workers: An Overview
CRS – Comparing Compensation for Federal and Private-Sector Workers: An Overview – David H. Bradley, Specialist in Labor Economics – July 30, 2012 “Of the five studies under review, one reports an overall average wage penalty for federal workers (PPA), one reports neither an overall average wage premium nor a penalty for federal workers, and… Continue Reading
New GAO Reports – National Defense, Federal Buildings Fund, Federal Fleets, Interagency Acquisitions, Secure Communities
National Defense – Cancellation of the Army’s Autonomous Navigation System, GAO-12-851R, August 2, 2012 Federal Buildings Fund – Improved Transparency and Long-term Plan Needed to Clarify Capital Funding Priorities, GAO-12-646, July 12, 2012 Federal Fleets – Overall Increase in Number of Vehicles Masks That Some Agencies Decreased Their Fleets, GAO-12-780, August 2, 2012 Iraq and… Continue Reading
CRS – Changes in the Arctic: Background and Issues for Congress
Changes in the Arctic: Background and Issues for Congress – Ronald O’Rourke, Coordinator, Specialist in Naval Affairs, August 1, 2012 “The five Arctic coastal statesthe United States, Canada, Russia, Norway, and Denmark (of which Greenland is a territory)are in the process of preparing Arctic territorial claims for submission to the Commission on the Limits of… Continue Reading
Forecasts for the UK economy: a comparison of independent forecasts
Forecasts for the UK economy: a comparison of independent forecasts, July 2012. Compiled by the Macroeconomic Prospects Team, HM Treasury: “This edition of the comparison contains 25 new forecasts, all of which were received between July 2nd and July 11th 2012. The tables below summarise the average and range of independent forecasts for 2012 and… Continue Reading
Pew – The Rise of Residential Segregation by Income
“Residential segregation by income has increased during the past three decades across the United States and in 27 of the nations 30 largest major metropolitan areas, according to a new analysis of census tract and household income data by the Pew Research Center. The analysis finds that 28% of lower-income households in 2010 were located… Continue Reading
Report – 2012 Election Will Be Costliest Yet, With Outside Spending a Wild Card
“The 2012 presidential and congressional elections will be the most expensive on record, the nonpartisan Center for Responsive Politics estimates – though not by much. The Center predicts, based on data from 18 months of fundraising and spending, that the elections will cost $5.8 billion, an increase of 7 percent from the 2008 cost of… Continue Reading
Reforming Wall Street, Protecting Main Street: An Update on Wall Street Reform
“Two years ago [July 2010], President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act – the most significant set of financial reforms since the Great Depression. The landmark law is designed to help protect Americans from the excessive risk, fragmented oversight, and poor consumer protections that played leading roles in bringing about… Continue Reading
Federal Sector Report – Best Places to Work Snapshot: Achieving a Culture of Innovation
“Given today’s budgetary constraints, federal employees and their agencies are being asked to deliver more with fewer resources, and this means that innovation will be a critical factor for achieving improved performance. Is our federal government innovative? Which agencies are innovating and which are struggling? To gain insight into how the government and its employees… Continue Reading
