Blue Collar Workers are no Longer Singing the Blues
June 04 | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (0)
The faster growth in wages for blue-collar workers is somewhat surprising, especially since throughout most recent history, white-collar wage growth was higher. We expect labor markets to continue to tighten in the coming years, which will only apply more wage and price pressures across the economy. There are already signs that faster wage growth is already spilling over to producer prices.
The Rising Role of Older Women in the Labor Force and Why “Full Employment” May Get Still Fuller
June 04 | Diane Lim, Ph.D., Principal Economist, The Conference Board | Comments (0)
The rise of women relative to men in the labor force—along with the relative increase in female-dominated and generally lower-paying service sector employment—may be one significant reason why wage growth in this economic recovery has not been as fast as expected or what we are used to experiencing. But it’s also a reason why we can think optimistically that the labor market (and our economy’s true capacity) still hasn’t maxed out.
Retail Apocalypse Postponed Not Cancelled
May 02 | Brian Schaitkin, Senior Economist, The Conference Board | Comments (0)
Labor market data very clearly suggest that jobs in warehousing, delivery, and e-commerce, are unlikely to fully replace those lost in brick and mortar retail.
What do online job ads tell us about Amazon’s choice for a second headquarters?
April 17 | Agron Nicaj, Associate Economist, The Conference Board | Jeanne Shu, Associate Director, Help Wanted Online®, The Conference Board | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (0)
Observing labor demand using online job ad postings for a specific company like Amazon is possible with Help Wanted OnLine® data. Most importantly, HWOL allows us to analyze monthly trends in labor demand both in real-time and historically down to the most granular occupational level for areas throughout the United States. Analyzing trends in online job ads with the granularity of Help Wanted OnLine® broadens our understanding of the overall U.S. labor market.
Long Expansions Do Not Alone Halt Fast Job Creation
April 02 | Brian Schaitkin, Senior Economist, The Conference Board | Comments (0)
At the outset of 2017, many economists were concerned by the possibility that tighter labor markets would act to slow employment growth. Perhaps labor shortages will trigger the next recession as firms will cut back production in reaction to rising costs. Right now though the LEI is still signaling good economic times ahead. A long period of frustration with talent shortages and rising labor costs would likely be required for labor alone to be the next black swan.
The future of nontraditional work arrangements
March 27 | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (0)
This blog describes some of the trends and recent developments that may impact the prevalence of nontraditional workers in the future. Most trends point to a growing share of nontraditional workers, but some developments are likely to have a negative impact. Even when the direction of the impact is clear, there is a lot of uncertainty about the magnitude of the impact.
A State-Level View of 2017 Consumption Patterns
March 05 | Frank Steemers, Associate Economist, The Conference Board | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (0)
The Conference Board provides a state level view of 2017 consumption patterns, using their nowcasts of nominal PCE growth by state.