U.S. Department of Labor Statistics
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Some interesting data from the U.S. Department of Labor website.
The private average hourly earnings figure seems particularly high given the likely pyramid of employees it samples (or else I am not paid very much!); presumably the top of the pyramid is getting excessive monies relative to those on the bottom of the pyramid (minimum wage employees). Interesting to see there wasn't a glitch in the data during the 2001 recession.
Unemployment continues to fall in a steady trend. Nothing to suggest a recession is on the way but for the Technicians amongst you how will 4% unemployment fare as a 'bottom'?
Nonfarm employment has kept to its rate of descent from the start of 2004. It took 3 years for the 2001 recession to work itself through nonfarm employment:
Data
The private average hourly earnings figure seems particularly high given the likely pyramid of employees it samples (or else I am not paid very much!); presumably the top of the pyramid is getting excessive monies relative to those on the bottom of the pyramid (minimum wage employees). Interesting to see there wasn't a glitch in the data during the 2001 recession.
Unemployment continues to fall in a steady trend. Nothing to suggest a recession is on the way but for the Technicians amongst you how will 4% unemployment fare as a 'bottom'?
Nonfarm employment has kept to its rate of descent from the start of 2004. It took 3 years for the 2001 recession to work itself through nonfarm employment:
Data
posted by Declan Fallon at
7:21 PM
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