Labor Market

America’s economy added many jobs in October 2017 according to the Bureau of Labor Statistics.  Employers filled 261,000 new jobs to start the final quarter of the year.  Additionally, the dismal tally reported a month earlier (minus 33,000) was upwardly revised to positive 18,000 net new jobs, and another 39,000 jobs were added to the August tally.  This revision restores

Gaps are often associated with inefficiencies.  Take the possible space between your front door and sill for instance; it lets cold air in during the winter, not an efficient method of insulating.  Similar breaks in continuity between tiles and tubs allow water to seep into parts of a structure not designed for moisture.  When they occur in everyday scenarios, it is best to appro

America’s current economic expansion, which started in June 2009, has been perplexing.  Our nation’s expansion has been described by some as a “New Normal” after old economic relationships have proven less reliable than before.  For instance, our economy’s pace of growth since the end of the Great Recession has been sluggish even though the Feder

Many magazine covers and article headlines might lead folks to believe robots are taking over the labor market. Heck, even Atlas has written notes regarding expectations of greater automation in our economy. While firms have been able to produce cool robot videos like this one, there seems to be something missing in the data. This note will explore a couple of the glaring omissions.

Technology continues rippling through our economy in interesting and innovative ways.  We have all heard how easy it is to shop from home and have boxes appear on your doorstep filled with your latest purchases.  Even more technical advances are helping NASA train astronauts using virtual reality.  Those of us not proficient in physics are still able to experience the tech-revolu