Re: Re: BLS Daily Report

Sabri Oncu wrote: > > Hey, I also hired a few science Ph.Ds from very respectable > schools for boring programing jobs (Ravi would know what I mean > if I say they were required to write FORTRAN programs) for about > $50K. > i see what you mean, but fortran is a pleasure compared to what a lot

Re: Re: BLS Daily Report

You wrote: > The income is by household, not individual. I know. Of all the ones I hired, only one of the PhDs was married but his wife did not work so his income was his household income. That means all of the incomes I mentioned were household incomes since, with the exception of him, my guys

Re: Re: BLS Daily Report

>From: Sabri Oncu <[EMAIL PROTECTED]> >Reply-To: [EMAIL PROTECTED] >To: PEN-L <[EMAIL PROTECTED]> >Subject: [PEN-L:24781] Re: BLS Daily Report >Date: Tue, 09 Apr 2002 16:19:02 -0700 > > >From today's BLS daily report: > > > Education increases income, says USA Today, > > in its page 3B box show

RE: Re: RE: BLS Daily Report

RE > It's not easy to read the tenure numbers - tenure could rise in a > weak job market, as people hold on to what they have, and fall in a > strong one, as they feel confident about changing jobs. The national > numbers don't show that much of a change between 1983 and 2000 And I believe I read

Re: RE: BLS Daily Report

Devine, James wrote: > > BUREAU OF LABOR STATISTICS, DAILY REPORT, TUESDAY, MARCH 5, 2002: > >>Average job tenure fell to 7 years in 2001 from 8 years in 2000 and 9 in >1999, says a survey of about 2,900 of its laid-off clients by outplacement >concern Drake Beam Morin (The Wall Street Journal,

Re: Re: RE: BLS Daily Report

ject: [PEN-L:21814] Re: RE: BLS Daily Report > The nurses do not exist in those numbers. He is grandstanding -- unless > we can kidnap nurses from elsewhere. > > On Wed, Jan 23, 2002 at 02:28:26PM -0800, Devine, James wrote: > > so what does pen-l think of the following? > &

Re: Re: RE: BLS Daily Report

[EMAIL PROTECTED] Subject: [PEN-L:21814] Re: RE: BLS Daily Report Send reply to: [EMAIL PROTECTED] > The nurses do not exist in those numbers. He is grandstanding -- unless > we can kidnap nurses from elsewhere. > > On Wed, Jan 23, 2002 at 02:28:26P

RE: Re: RE: BLS Daily Report

it also encourages hospitals to kick patients out. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine Michael Perelman writes: > The nurses do not exist in those numbers. He is > grandstanding -- unless > we can kidnap nurses from elsewhere. > > so what does pen-l think of th

Re: RE: BLS Daily Report

The nurses do not exist in those numbers. He is grandstanding -- unless we can kidnap nurses from elsewhere. On Wed, Jan 23, 2002 at 02:28:26PM -0800, Devine, James wrote: > so what does pen-l think of the following? > >California hospitals will need 5,000 more workers to meet proposed minimum >

RE: Re: BLS Daily Report

State revenue forecasts came in below expectations last year, so retrenchment has already begun. As state legislatures begin convening I suspect they will take a pessimistic view of revenues (which probably are a lagging indicator anyway) and move accordingly. There is little indication the Feds

Re: Re: BLS Daily Report

William S. Lear wrote: >On Wednesday, January 2, 2002 at 09:10:51 (-0500) Richardson_D writes: >>BUREAU OF LABOR STATISTICS, DAILY REPORT, FRIDAY, DECEMBER 31, 2001: >> >>Mass layoff events totaled 2,699 in November resulting in job losses for >>293,074 workers while 350 of those events were dire

Re: Re: BLS Daily Report

This looks bad, very bad. It's a good article, though. One crucial thing that leaps out it that it wasn't fixed exchange rates weren't the problem. The exchange-rate regime simply changes the form of a crisis. Further the E. Asian banks and financial systems didn't completely recover from 1997,

Re: Re: BLS Daily Report

>>> [EMAIL PROTECTED] 07/11/01 05:34PM >>> - remember, the U.S. economy has expanded for about 75% of the time since the end of WW II, though you'd never know that by reading PEN-L - CB: What percentage of the time before WWII did the U.S. economy expand ?

Re: Re: BLS Daily Report

Tom Walker wrote: >Doug Henwood wrote, > >> remember, the U.S. economy has expanded for about 75% of >> the time since the end of WW II > >That sounds like an underestimate to me. All I've got handy is annual GDP >figures for Canada, 1962-99. They show 3 years out of 38 contracting. >Assuming t

Re: Re: Re: BLS Daily Report

Rob Schaap wrote: >Which little statistical fib. . . Doug responded: > This is not a fib. I generally have a lot of respect for the data produced by the BLS. They do a very good job at trying to figure out what is going on in the economy. They occasionally do introduce "adjustments" to take

Re: Re: Re: BLS Daily Report

G'day Doug, > It's wrong at turning points; it underestimates job creation > early in recoveries, and overestimates it at peaks and early in > recessions. But that's not most of the time (which you'd never know > from reading PEN-L). Fair enough. But we have had evidence for well over a year (i

Re: Re: BLS Daily Report

Rob Schaap wrote: >All very nice, except the BLS Report told us yesterday of ... > >"a little secret in the employment report that you should know about. The >Labor Department said payroll employment fell 114,000 in June. What it did >not tell you is that this reported change includes a "bias a

Re: Re: Re: Re: Re: BLS Daily Report

Nurses are distinctly underpaid in relation to their responsibilities -- in the hospital, they are the ones who keep you alive. maggie Jim Devine wrote: > I have no complaints about PAs. When I was on the HMO, the doc's office > assigned me to the PA (since they treated me as a second-class cit

Re: Re: Re: Re: BLS Daily Report

I have no complaints about PAs. When I was on the HMO, the doc's office assigned me to the PA (since they treated me as a second-class citizen). Then I went on the Preferred Provider plan and got the doc himself. He's fine, but too much into prescribing pills as a solution to all ills. I'm bac

Re: Re: Re: BLS Daily Report

Yeah, but Physicians Assistants make more, on average, than nurses and can go into practice for themselves. Also, at least for women, PAs often provide better care than MDs -- for ex., PAs are midwives and provide routine gynecological care. I went to a PA for years instead of a gyno, and she pu

Re: Re: BLS Daily Report

Also, full time nurses work short staffed and forced over time on a routine basis. My mother was just is for cancer surgery and the night nurses worked 12 hour shifts all the time. maggie coleman Michael Perelman wrote: > Part time nurses under temporary contracts are doing quite well, althoug

Re: Re: BLS Daily Report

Some nursing jobs have been taken over by Physicians' Assistants, who are basically low-paid MDs. At 12:17 PM 2/26/01 -0800, you wrote: >Part time nurses under temporary contracts are doing quite well, although >hospitals are downgrading many traditional nursing jobs to have >non-professionals t

Re: Re: BLS Daily Report

Michael Perelman wrote: >Marc Linder seems to lead several lives. Remember Anti-Samuelson. He's a law prof at the University of Iowa, who seems to publish a book a year. He co-authored a history of Brooklyn that came out about a year ago, and Void Where Prohibited, which uses restrictions on

Re: Re: BLS Daily Report

These figures sound like an underestimate. I thought the figure in the latest edition of State of Working America was an additional 250 hours a year, with couples in $30,000-$75,000 range averaging 3800 hours annually. Time pressures like these mean that it is ever harder to maintain the myth that

RE: Re: BLS Daily Report

sure. if your family is wealthy enough so that you don't care about money, they're a way to build your resume. They're a way to use family and other connections. In effect, it's a way that the class origins of the privileged are preserved. mbs (( CB: Gee, I wonder why UNpaid in

RE: Re: BLS Daily Report

-Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of Charles Brown Sent: Wednesday, September 20, 2000 12:43 PM To: [EMAIL PROTECTED] Subject: [PEN-L:2089] Re: BLS Daily Report >>> [EMAIL PROTECTED] 09/20/00 12:08PM >>> BLS DAILY REPORT, TUESDAY, SEPTEMBER

RE: Re: BLS Daily Report

> > Is this Black hole a metaphor , or is it mathematically exact analogy ? > > CB In either the July or August Federal Reserve Bulletin, they do sound pretty scared about the trade deficit. Also the latest issue of Foreign Policy has a piece by Martin Wold titled "The Mother of All Meltdowns" h

RE: Re: RE: Re: RE: Re: BLS Daily Report

Doug Henwood wrote: > I think the great bull market (1982-2000?) is > basically over Bull markets aren't usually followed by plateaux, are they? My infamous bet with poor Max was also based on a back-of-envelope calculation that the Dow would logically fall to 3k. BTW, even that would not mean 't

Re: RE: Re: RE: Re: BLS Daily Report

Mark Jones wrote: >Doug Henwood wrote: > > >> Hmm, well last I checked, which was year-end 1999, the S&P 500 was at >> 2.9 times its long-term trend price (long-term defined as since >> 1871). So just going back to the trendline would take the index down >> by 2/3, to a Dow-equivalent of 3735

RE: Re: RE: Re: BLS Daily Report

Doug Henwood wrote: > Hmm, well last I checked, which was year-end 1999, the S&P 500 was at > 2.9 times its long-term trend price (long-term defined as since > 1871). So just going back to the trendline would take the index down > by 2/3, to a Dow-equivalent of 3735. And, as any student of R

Re: RE: Re: BLS Daily Report

Max B. Sawicky wrote: >I have subbed you to my new list, LongWave2000, >where we will discuss the reversion of the market >indices to their pre-existing long run growth >trends, notwithstanding the minor hiccups of the >past ten days. Hmm, well last I checked, which was year-end 1999, the S&P 50

RE: Re: BLS Daily Report

Thanks for this, I've forwarded it to the crashlist but without attribution: in future do you want me to forward it in your name, or would you like me to sub you to the List? Mark Jones http://www.egroups.com/group/CrashList I have subbed you to my new list, LongWave2000, where we will discuss t

RE: Re: Re: Re: BLS Daily Report

Actually the contradiction is more blatant now, since the Congressional Budget Office is projecting 2.8% real growth for the indefinite future, and the Social Security actuaries 2.0%. Over long time periods this makes a huge difference. As Dean Baker pointed out in his piece last week, under CBO

Re: Re: Re: BLS Daily Report

Joel wrote: > >From a broader perspective, however, you're more on the mark, because > what you are >seeing is obeisance to the market, and the increase in the number of hours >worked >per year among all Americans regardless of age--up about 250 hours per >year since >about 1970.< there is def

Re: Re: BLS Daily Report

Hey, Paul, haven't you heard? We can't afford the social insurance programs we've had in the past. Because of decades of capital accumulation and increasing GDP/capita, our societies have become poorer. Anyone who doesn't know this hasn't been reading the papers or watching TV. Peter [EMAIL P

Re: Re: BLS Daily Report

Child labor? Not quite. The narrow-gauged answer is that unlike most social insurance systems, the American social security system is supposed to be self-financing--i.e. it is supposed to be financed from payroll taxes alone and not take money from general revenues. This means that in the last thr

[PEN-L:12961] Re: Re: Re: BLS Daily Report

If someone said that "high school" is affordable to most Americans that would probably be found quite unacceptable. Why is it that the state's obligation to provide education to everyone who can benefit does not extend to post-secondary education?University should be free, as it is in Cuba. I don'

[PEN-L:12952] Re: Re: BLS Daily Report

William S. Lear wrote: >Is there information available as to the increases in tuition at >various levels over, say, the past 20 years? See . Full listing of tables is at . Doug

[PEN-L:12951] Re: Re: BLS Daily Report

Tuition might be affordable, but in my classes I would guess the typical student works 15 to 20 hours a week. This outside work has increased enormously in the past two decades and represents the chief cause in the decline in what we can teach in a typical semester. -- Michael Perelman Economics

[PEN-L:12798] Re: Re: BLS Daily Report

Jim Devine wrote: >Does anyone know what the theory is that the new definition of the poverty >line is based on? is this based on Patricia Ruggles' research? Among others. See . Doug

[PEN-L:8997] Re: Re: BLS Daily Report

Jim Devine wrote: >In what way was the 1997 Asian economic crisis a "great tonic" to the US >economy? Is it because the price of US imports fell? That, plus massive capital inflows (ca. $1 trillion since 1995). >How much real recovery is there in Asia? or is it just financial markets >and banks

[PEN-L:3276] Re: Re: BLS Daily Report

William S. Lear wrote: >Dave, any way you can turn off the Microsoft crud that always follows >the text? I don't get any Microsoft crud at the bottom of mine. Maybe Eudora's smart enough to repress it. Doug

[PEN-L:2986] RE: Re: BLS Daily Report

> It would be interesting to know what the composition of this NAS panel > is. Any friends of EPI? > > Peter Dorman > > > Next month, a newly appointed committee convened by the > National Academy of > > Sciences will begin a 2-year study of a wide range of issues > related to cost of living

[PEN-L:2416] Re: Re: BLS Daily Report

Tom Walker wrote: >>RELEASED TODAY: Median weekly earnings of the nation's 96.2 million >>full-time wage and salary workers were $541 in the fourth quarter of 1998. >>This was 5.9 percent higher than a year earlier, compared with a gain of 1.5 >>percent in the CPI-U over the same period. ... > >

[PEN-L:2005] Re: Re: Re: BLS Daily Report

G'day Ellen and Jim, Jim writes: >IMHO, the strength of the US stock market first and foremost reflects the >strength of the US profit rate I get confused here. Many 1998 annual reports within the Fortune 500 pointed at DECLINING profits, no? And might we not be conflating 'core business' per

[PEN-L:2013] Re: Re: BLS Daily Report

Tom Walker: There is a difference between a transaction, which established a current price, and value which reflects the likely future price of the inventory based on the latest transaction price. Say's law applies more to transactions. While for every buyer, there must be a selling and vice ver

[PEN-L:2012] Re: Re: Re: Re: Re: BLS Daily Report

Jim Devine wrote: >One reason why corporations are able to buy back their stocks these days is >because of abundant cash flow, which is partly the result of high profit >rates. They're also borrowing heavily again, to buy each other and their own shares. More in LBO #87, now on press. Doug

[PEN-L:2007] Re: Re: Re: BLS Daily Report

On Thu, 7 Jan 1999, Jim Devine wrote: > Ellen writes: > >Over the last few days, I have been looking over data on wages, exports, > >bankruptcies, etc. in the former so-called emerging markets. International > >capital, it seems, is really putting the screws to the laboring classes in > >Asia

[PEN-L:2008] Re: Re: BLS Daily Report

Gosh, well I didn't get to any of those sessions where people were being so pollyannaish about the US stock market. OTOH lots of us have gotten burned predicting imminent collapses, etc., that have not happened, or were followed more than compensatory runups, as in the second half of la

[PEN-L:2006] Re: Re: Re: Re: BLS Daily Report

I wrote: >>IMHO, the strength of the US stock market first and foremost reflects the >>strength of the US profit rate Rob writes: >I get confused here. Many 1998 annual reports within the Fortune 500 >pointed at DECLINING profits, no? right. But the trend from the recovery from the Bush-era

[PEN-L:2003] Re: Re: BLS Daily Report

Ellen quotes: >>BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999 >>The prevailing view at the three-day meeting of the American Economic >>Association was that high stock prices probably reflect the economy's actual >>strength and not a speculative bubble that could burst. ... In the minds of >>many

[PEN-L:1995] Re: Re: Re: Re: BLS Daily Report

Doug wrote: >'Cause I'm way out of town this week. How's the convention? I heard there >was a party for the Long Term Capital guys. I don't know about the party, since I wasn't invited. The URPE part of the convention was very good, since the ASSA cut-backs seem to have energized URPE's spirit to

[PEN-L:1992] Re: Re: Re: BLS Daily Report

Jim Devine wrote: >Not to minimize the bad news concerning this reestimation, but the good >news, as Dave Richardson pointed out awhile back, is that lower measured >inflation rates mean that the Fed is less likely to get pressured to step >on the brakes. I'm way out of touch here in southwester

[PEN-L:1988] Re: Re: BLS Daily Report

Doug writes: >Ok, the adjustments to the CPI so far have lowered it by 0.4 points, and >here we've got another 0.2. It looks like the Boskinites have won. Last >time I said that, people disagreed, but I'm going to say it again. Not to minimize the bad news concerning this reestimation, but the go

Re: [PEN-L:1576] Re: Re: Re: BLS Daily report

On Tue, 15 Dec 1998, Doug Henwood wrote: > Michael Perelman wrote: > > >In response to Tom's question below, I suspect that the Bank of International > >Settlements may be correct in so far as they go. The norm is not for a > >company > >to remove jobs via direct investment in a facility abro

[PEN-L:1576] Re: Re: Re: BLS Daily report

Michael Perelman wrote: >In response to Tom's question below, I suspect that the Bank of International >Settlements may be correct in so far as they go. The norm is not for a >company >to remove jobs via direct investment in a facility abroad. > >Outsourcing is a more likely route. Outsourcing

[PEN-L:1579] Re: Re: Re: Re: BLS Daily report

In response to Doug's points below, I would begin by saying that the motor vehical industry is very cyclical. I suspect that the increase in employment in the sector has to do to the conversion to sport utility vehicles. I did not generalize from the auto sector. I only used it to illustrate a

[PEN-L:1574] Re: Re: BLS Daily report

In response to Tom's question below, I suspect that the Bank of International Settlements may be correct in so far as they go. The norm is not for a company to remove jobs via direct investment in a facility abroad. Outsourcing is a more likely route. Outsourcing need not involve direct investm

[PEN-L:452] Re: Re: BLS Daily Report II

quoth valis: >Just what _is_ revolution, anyway, when vocabulary has become >the means of production? I dunno. Ever since Dr. Atkin's "Diet Revolution" and similar abuses of the word, I try to avoid unnecessary use of the word. There's too much hype already. in pen-l solidarity, Jim Devine [EM

[PEN-L:449] Re: Re: BLS Daily Report

At 09:38 AM 8/3/98 -0500, you wrote: >> BLS DAILY REPORT, FRIDAY, JULY 31, 1998: > ... >> __Until the beginning of last year, compensation had remained fairly >> flat during an otherwise broad expansion of the economy. The rise in >> compensati