{"title":"Healthcare jobs and the Great Recession","authors":"M. L. Dolfman, Matthew Insco, R. Holden","doi":"10.21916/MLR.2018.17","DOIUrl":"https://doi.org/10.21916/MLR.2018.17","url":null,"abstract":"The Great Recession of December 2007 to June 2009, during which the unemployment rate reached 10.0 percent, had a devastating effect on the American economy. How did the healthcare portion of the economy respond to this downturn? Did employment in healthcare mirror that of the overall economy, or was healthcare recession proof? Using data on employment and wages provided by the U.S. Bureau of Labor Statistics Quarterly Census of Employment and Wages, this article looks at employment trends for the nation, the healthcare component of the labor market, and the largest healthcare industry groups within that component during 2001–14 and 2007–10. The article finds that the Great Recession had little negative effect on job growth in healthcare compared with its effect on the national economy. For the most part, this was true regardless of occupational setting or geographic location.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2018-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43420621","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cross-validation of quality-adjustment methods for price indexes","authors":"Brian J. Adams, Alexander Klayman","doi":"10.21916/MLR.2018.18","DOIUrl":"https://doi.org/10.21916/MLR.2018.18","url":null,"abstract":"Price index programs may use several quality-adjustment methods, but they often lack guidance on when to use a given method. As part of an effort to improve quality adjustment for network switches in the Producer Price Index, we compare some standard quality-adjustment methods, using cross-validation. For our sample, seemingly reasonable hedonic specifications impute outof-sample prices less accurately than other, traditional quality-adjustment methods.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48518262","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Producer prices, 2017: inflation accelerates across the stages of production","authors":"J. Kowal, Lana Conforti, Brian Hergt, S. Sager","doi":"10.21916/MLR.2018.16","DOIUrl":"https://doi.org/10.21916/MLR.2018.16","url":null,"abstract":"The Producer Price Index (PPI) measures the average change over time in the selling prices that domestic producers receive for their output. The indexes of the Final Demand–Intermediate Demand (FD–ID) aggregation system, used to analyze the behavior of producer prices, measure final-demand inflation (price changes for goods, services, and construction sold for personal consumption, as capital investment, to government, and for export) and intermediate-demand inflation (price changes for goods, services, and construction sold to businesses as inputs to production). This article describes PPI price movements in 2017.1","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46701470","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What is the impact of recoding travel activities in the American Time Use Survey","authors":"M. Allard","doi":"10.21916/mlr.2018.13","DOIUrl":"https://doi.org/10.21916/mlr.2018.13","url":null,"abstract":"","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2018-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43151253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Occupational separations: a new method for projecting workforce needs","authors":"Michael G. Wolf, C. Lockard","doi":"10.21916/MLR.2018.12","DOIUrl":"https://doi.org/10.21916/MLR.2018.12","url":null,"abstract":"The U.S. Bureau of Labor Statistics (BLS) Employment Projections program publishes estimates of total occupational openings, an important career information metric. This metric has two components: projections of new jobs (growth) and projections of openings that arise from existing workers leaving the occupation (separations). BLS has adopted a new method for projecting separations with the 2016–26 projections. This article outlines the new separations method that more accurately captures the concept of occupational openings by independently measuring workers who leave the labor force and workers who transfer occupations. Because neither data source is large enough to generate reliable estimates for all detailed occupations, BLS uses historical data to estimate the impact of various characteristics on workers’ propensity to separate from an occupation using probit models. The results of the models are applied to current data on detailed occupations for estimating future separation rates.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47310695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Great Recession, great recovery? Trends from the Current Population Survey","authors":"Evan Cunningham","doi":"10.21916/MLR.2018.10","DOIUrl":"https://doi.org/10.21916/MLR.2018.10","url":null,"abstract":"This article uses data from the Current Population Survey to examine the state of the U.S. labor market 10 years after the start of the Great Recession of 2007–09. By December 2017, unemployment rates had returned to prerecession lows for people of all ages, genders, major race and ethnicity groups, and levels of educational attainment. However, the long-term decline in labor force participation continued during this recovery, while long-term unemployment and involuntary part-time employment remained elevated.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2018-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42204663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Job Market Continued to Improve in 2017 as the Unemployment Rate Declined to a 17-Year Low","authors":"M. Dunn, Andrew Blank","doi":"10.21916/MLR.2018.11","DOIUrl":"https://doi.org/10.21916/MLR.2018.11","url":null,"abstract":"","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":"1 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68367976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comparing NAICS-Based Producer Price Index Industry Net Output Data and International Price Program Import Data","authors":"Jonathan C. Weinhagen, Kevin M. Camp","doi":"10.21916/MLR.2018.7","DOIUrl":"https://doi.org/10.21916/MLR.2018.7","url":null,"abstract":"Data users have expressed interest in analyzing trends in prices for domestically produced products versus imports by comparing Bureau of Labor Statistics (BLS) producer price indexes (PPIs) to BLS import price indexes (MPIs). Because BLS publishes both PPIs and MPIs classified according to the North American Industry Classification System (NAICS), potential exists for comparing price trends using NAICS-based PPIs and MPIs. There are, however, four important potential differences between PPIs and MPIs that data users should consider before comparing the two series. This article explains these potential differences and presents a new data table for assessing the comparability of NAICS-based PPIs and MPIs.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":"1 1","pages":"1"},"PeriodicalIF":2.6,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47511803","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fun Facts about Millennials: Comparing Expenditure Patterns from the Latest through the Greatest Generation","authors":"G. Paulin","doi":"10.21916/MLR.2018.9","DOIUrl":"https://doi.org/10.21916/MLR.2018.9","url":null,"abstract":"This article compares the spending patterns of Millennials with those of earlier generations. The analysis uses data from a 2015 Consumer Expenditure Surveys experimental table, which provides information on generational demographics, income, and expenditures. Although some patterns, particularly those related to demographics, are different across generations, others are substantially similar, especially with respect to shares of expenditures allocated to food and apparel. generations. dwellings, personal","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46834306","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}