Friday, December 13, 2013

Even more evidence of shifts in labor markets

The following charts are part of December 13's Bloomberg Economics Brief. The top chart is Bloomberg's Economic Surprise Index. As you can probably  notice, the labor market has been surprising significantly to the upside lately. On the bottom, is changes in nominal wages for the month of November by selected industry. The red line represents the Fed's symmetrical target for inflation while the yellow highlight indicates value of the year-over-year percent change in the PCE deflator.  

While wage growth leaves lots to be desired, all but two industries, utilities and Leisure & Hospitality, showed wage increases in excess of PCE deflator increases. This is good news, these are real wage increases and more evidence of labor market tightening, even if very marginal. This is my 3d post in 2 weeks about this and you better get used to them, because there's probably going to be a lot more of them. The tide is changing, and labor is on its way up!

Previously:
2013-12-12 -- More on labor bargaining power
2013-12-05 -- Profit margins, tax receipts, and labor demand curves

18 comments:

  1. The economic indicators are very expected recently. The graphs show the absence of the wage growth with the hardening of working conditions.

    ReplyDelete
  2. These indicators only indicate that the work in recent years is very small

    ReplyDelete
  3. Labour market is the thing that is really good for me to know about it.

    ReplyDelete
  4. You there, this is really good post here. Thanks for taking the time to post such valuable information. Quality content is what always gets the visitors coming. marktplaats

    ReplyDelete
  5. Recent economic statistics have been pretty predictable. The graphs illustrate that pay growth is absent when working circumstances become more difficult.

    ReplyDelete
  6. The most recent economic data has been fairly predictable. When working conditions become more difficult, pay growth is absent, as shown in the graphs.

    ReplyDelete
  7. The red line shows the Fed's symmetrical inflation objective, Logo Design Company UK
    while the yellow highlight depicts the value of the PCE deflator's year-over-year percent change.

    ReplyDelete
  8. Great blog thanks for sharing this amazing information with us I didn't know much about this labor market but after reading your blog I got some information about this labor market. It's great to see the labor market going up I hope it will get better in the upcoming times.

    ReplyDelete
  9. Great Efforts! Thanks for posting this useful information with us.

    ReplyDelete
  10. Thank you so much admin for uploading such amazing content with us your blog is really helpful for me.

    ReplyDelete
  11. a decent method that I am more familiar with I need to learn more about a topic for a project I have, so I will seek assistance from the excellent academic aid assignment help tutors. It recommends that I speak with my older brother.

    ReplyDelete
  12. Shifts in labor markets have resulted in increased demand for SStudy Abroad consultant for United Kingdom, as students seek guidance for international education opportunities, navigating visa requirements, and career prospects.

    ReplyDelete
  13. The development of AI and automation has had a major impact on labour markets. Automating recurring and online business dissertation Writing Service chores is becoming more common.

    ReplyDelete
  14. ktv888 สล็อต  ของพวกเรามีความได้รับความนิยมและมีชื่อเสียง pg slot สำหรับการให้บริการเกมสล็อตออนไลน์ที่เยี่ยมที่สุดโดยพวกเรามีข้อเสนอแนะพิเศษสำหรับผู้สมัครใหม่ของการเล่นเกม

    ReplyDelete
  15. pg slot auto wallet เว็บตรง กำลังมองหา เว็บตรงที่ดีที่สุดใช่ไหม? อ่านคู่มือที่เต็มไปด้วยข้อมูลเพื่อเรียนรู้เกี่ยวกับ PG SLOT เว็บตรงและค้นหาแพลตฟอร์มที่เหมาะสมที่สุดสำหรับความต้องการในการเล่นเกมของคุณตัดสินใจ

    ReplyDelete
  16. Transform ordinary into extraordinary with our PVC Patches. Unleash your inner artist and create personalized patches that redefine your belongings or brand. Crafted from rugged PVC material, these patches are built for endurance and distinction. Elevate your style and individuality with the limitless possibilities of Custom PVC Patches.

    ReplyDelete
  17. Transform your wardrobe with our Leather Jackets collection. Each jacket is a testament to timeless style and exceptional durability, meticulously crafted from premium materials. Whether you're exploring the urban landscape or embracing outdoor adventures, our Leather Jackets make a distinctive fashion statement while ensuring comfort. Redefine your fashion narrative with this versatile essential today.

    ReplyDelete
  18. While the article primarily discusses shifts in labor markets, the mention of animal communicator, piques curiosity and prompts a reflection on the broader spectrum of work and communication. In the realm of human-animal relationships, the role of an animal communicator is intriguing.

    ReplyDelete

Do the right thing.