The economy's need for workers originates in the demand for the goods and services that they provide. So, to project employment, the Bureau of Labor Statistics (BLS) starts by projecting the gross domestic product (GDP) for 2018. GDP is the value of the final goods produced and services provided in the United States. Then, BLS estimates the…

The nation's recuperation from the Great Recession remains sluggish, with high unemployment and a weak housing market continuing to squelch hopes that a full economic recovery will soon be at hand. The intensity and nature of the recession's lingering effects vary considerably across the country, however. Some metro areas, like Austin and…

This document contains two essays: "Toward a High-Wage, High-Productivity Service Sector" by Lester Thurow; and "Service Sector Wages, Productivity and Job Creation in the U.S. and Other Countries" by Louise Waldstein. The first essay analyzes the recent and currrent U.S. economy under headings called Growth Nodes, Falling…

The purposes of work measurements are to provide an economic indicator for developing counter cyclical fiscal and monetary policy, and to facilitate the development and implementation of more full employment measures. This report presents five part recommendations or guidelines that would improve the use of labor statistics as a vital tool for…

Written in the first quarter of 1980, this paper describes economic conditions at that time and makes projections concerning the future. The paper attempts to present a brief look at the same issues surveyed in the longer report EA 013 118. After warning that economic conditions are hard to assess and still harder to predict, the author asserts…

The initial discussion focuses on the dilemma posed by the fact that inflation and unemployment cannot simultaneously be eliminated with the macro-economic policies alone. To opt for controlling inflation means a delay in dealing with an already serious poverty problem. Suggestions for dealing with the inflation-unemployment dilemma are classified…

The purpose of the study was to explore the possibility of developing a comprehensive conceptual framework for measuring the costs and benefits of foreign trade to American workers. Foreign trade was conceived of primarily as a number of parts of the dynamic world production-distribution-consumption process rather than as an aggregate exchange of…

There have been concerns that employment-enhancing reforms along the lines of the 1994 OECD Jobs Strategy could inadvertently lead to increased income inequality and poverty. This paper focuses on the impact of institutions and redistributive policies on inequality and poverty with the view of assessing whether a trade-off between better labour…

We are witnessing an historic shift in our approach to employment policy that will have profound implications for vocational educators. This shift is most recognizable in the waning influence of demand-side economics and the ascendence of supply-side economics. Recent indications are that public policy is no longer firmly committed to maintaining…