Category Archives: Labour Force

Commentary and analysis of labour force data releases.

Australian labour market – steady to finish a relatively good year

The latest labour force data released today by the Australian Bureau of Statistics – Labour Force data – for December 2017 shows that the Australian labour market was relatively steady in December 2017, with both relatively strong employment growth and … Read the rest of this entry »

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US labour market reality debunks mainstream view about structural impediments

An enduring myth among mainstream economists is that so-called ‘structural’ impediments in the labour market prevent aggregate spending initiatives from government being an effective solution to mass unemployment. According to this view, if the government attempts to reduce the unemployment … Read the rest of this entry »

Posted in Future of Work, Job Guarantee, Labour Force, US economy | 5 Comments

US labour market steady but some distance from full employment

On January 5, 2018, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – December 2017 – which showed that total non-farm employment from the payroll survey rose by 148,000 in December, … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment

The path out of the low wage trap is limited by fiscal austerity

During my postgraduate study years I read a 1954 article by American economist Clark Kerr entitled – The Balkanization of Labor Markets – which attacked the mainstream labour market views that there was mobility within labour markets such that poverty … Read the rest of this entry »

Posted in Eurozone, Future of Work, Job Guarantee, Labour Force, Reclaim the State | 15 Comments

Australian labour market – relatively bright result for November

The latest labour force data released today by the Australian Bureau of Statistics – Labour Force data – for November 2017 shows that total employment growth was relatively stronger than October with a bias towards full-time employment growth. Unemployment rose … Read the rest of this entry »

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US labour market steady but low wage bias continues

On December 8, 2017, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – November 2017 – which showed that total non-farm employment from the payroll survey rose by 228,000 in November, … Read the rest of this entry »

Posted in Labour Force, US economy | 3 Comments

Australia labour market weaker with participation falling

The latest labour force data released today by the Australian Bureau of Statistics – Labour Force data – for October 2017 shows that total employment growth was weak although there was relatively good full-time employment growth. Unemployment (and the rate) … Read the rest of this entry »

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Automation and full employment – back to the 1960s

On August 19, 1964, the then US President Lyndon B. Johnson established the – National Commission on Technology, Automation, and Economic Progress. He established the Commission in response to growing concern during the deep 1960-61 recession that the unemployment had … Read the rest of this entry »

Posted in Future of Work, Job Guarantee, Labour Force, Reclaim the State, Unemployment Benefits, US economy | 20 Comments

Updating the impact of ageing labour force on US participation rates

Yesterday, I discussed the latest US labour market data, including the 0.4 percentage point drop in the participation rate, which is a large decline for a month. Whether that is subject to revision or not remains to be seen. The … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment

US labour market – uncertainty remains paramount with data volatility

On November 3, 2017, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – October 2017 – which showed that total non-farm employment from the payroll survey rose by 261,000 in October, … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment