No Nonsense Economics
Relevant, hype-free insights about what’s happening in the global, U.S., and California economies.
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It’s that time of the year again. Not the holiday shopping season—I’m referring to the rampant speculation over what might happen at the next bi-monthly Federal Reserve (Fed) board meeting on December 15 and 16. The amount of press devoted to these meetings and their outcomes is astonishing—almost as intense as the level of guesswork over what one of the Kardashians will wear to their next Hollywood event....
As the tech sector continues its robust expansion, concern over whether the economy is in another bubble and speculation about when the next recession will hit, has deepened. However, today’s much more prescient question is how we cope with and maintain the growth the nation continues to experience. How do we meet our growing demand for labor? The recent release of the Job Openings and Labor Turnover survey (JOLTs) by...
Advocates pushing for both education and immigration reform in the United States often invoke the ‘needs’ of the U.S. labor market in making their pitch. For example the U.S. Bureau of Labor Statistics regularly releases occupation forecasts for the nation, identifying how many Bachelor Degrees the nation needs to produce in the next 20 years to fill open positions in the labor market. The results almost always show...