Richard Schumacher @TechInitiatives

IT Pro, web, eLearning, visual media professional. St. Louis, MO Joined November 2009

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NASA @NASA

2 years ago

After a journey of nearly 3.9 billion miles, the #OSIRISREx asteroid sample return capsule is back on Earth. Teams perform the initial safety assessment—the first persons to come into contact with this hardware since it was on the other side of the solar system.

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Guy Berger @EconBerger

2 years ago

"̶A̶m̶e̶r̶i̶c̶a̶n̶s̶ ̶d̶o̶n̶'̶t̶ ̶w̶a̶n̶t̶ ̶t̶o̶ ̶w̶o̶r̶k̶ ̶a̶n̶y̶m̶o̶r̶e̶"̶ On the eve of the August BLS jobs report, the share of prime working age Americans with a job is the highest it's been in 22 years and only 1 percentage point away from the all time record.

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Richard Schumacher @TechInitiatives

2 years ago

The ten largest 4-digit NAICS manufacturing industries all experienced increasing total factor productivity in 2021. Output rose in seven of these industries and declined in three industries including aerospace products and parts (-2.9 percent).

BLS-Labor Statistics @BLS_gov

2 years ago

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Guy Berger @EconBerger

2 years ago

JOLTS Thread: 1/ This, to me, is the essential feature of "near-immaculate" labor market cooling since late 2021: driven by falling hiring, not by rising layoffs. If anything, in recent months layoffs have declined in importance even as hiring continued to moderate.

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BLS-Labor Statistics @BLS_gov

2 years ago

Labor force participation increased by education level for baby boomers born from 1957 to 1964 bls.gov/opub/ted/2023/… #BLSdata

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Nick Bunker @nick_bunker

2 years ago

The Great Resignation is behind us, and the path to a soft landing remains open. A big JOLTS report on several fronts Here's the July 2023 #JOLTS Thread:

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Nick Bunker @nick_bunker

2 years ago

The Great Resignation is behind us. And that might not be an entirely bad thing. hiringlab.org/2023/08/29/jul…

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Scott Duncan @ScottDuncanWX

2 years ago

Immense winter heatwave in South America. 45.0°C in Bolivia 🇧🇴 ties the warmest temperature ever recorded in the entire Southern Hemisphere winter. 41.9°C breaks the national record in Paraguay 🇵🇾 for the month of August

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St. Louis Fed @stlouisfed

2 years ago

We often hear about inflation, but what about “disinflation” or “deflation”? Those lesser-known terms describe different aspects of changes in prices. Our blog post explains: ow.ly/AeLM50PCFXt

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Richard Schumacher @TechInitiatives

2 years ago

The latest data from the Indeed Wage Tracker shows posted wages grew at a 4.7% annual rate in July, down from 5.8% in April and 8% last July. Based on the current pace, posted wages are likely to return to their average pre-pandemic growth rate between October and December.

Nick Bunker @nick_bunker

2 years ago

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Jeff Berardelli @WeatherProf

2 years ago

A testament to how extreme & overwhelming the climate is this summer is, this Record “Shattering” heat dome has been barely covered by the national media. It’s largest US heat dome in recent memory and in a large part of the nation’s middle the most intense, by a long shot. 1/

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St. Louis Fed @stlouisfed

2 years ago

Which economic indicators do you care about most? For St. Louis Fed social media followers, measures of GDP, the labor market and financial market stress have been among the most popular in the first half of the year ow.ly/LTXZ50PBC7k

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Richard Schumacher @TechInitiatives

2 years ago

Missouri unemployment rate for June was 2.7%, up from 2.2% a year ago.

BLS-Labor Statistics @BLS_gov

2 years ago

Missouri unemployment rate for June was 2.7%, up from 2.2% a year ago.

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Richard Schumacher @TechInitiatives

2 years ago

Number of Jobs, Labor Market Experience, Marital Status, and Health for those Born 1957-1964. I started doing freelance (photography and later desktop computers) work when I was 16, and then was employed in education for 39 years by one employer. Not typical for my age group.

BLS-Labor Statistics @BLS_gov

2 years ago

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Richard Schumacher @TechInitiatives

2 years ago

Missouri Job Openings and Hires are ever so slightly down for this period (-0.3% and -0.5%). Missouri separations and quits also slightly down (-0.3%). Layoffs are slightly up (+0.9%). All of these are not statistically significant changes.

BLS-Labor Statistics @BLS_gov

2 years ago

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St. Louis Fed @stlouisfed

2 years ago

Restaurants seem busier than ever, but also have more “help wanted” signs than ever. The FRED Blog looks at data that show restaurants are doing more with less ow.ly/gQ9c50Px3p0

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Nick Bunker @nick_bunker

2 years ago

This tenacious labor market keeps cruising along. Job openings still outnumber unemployed workers by a ratio of 1.6 to 1. The quits rate is still above its pre-pandemic average The layoffs rate was at 1% for the entirety of Q2, which would have been a pre-pandemic all-time low

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Nick Bunker @nick_bunker

2 years ago

Low layoffs continue to be key for a soft landing in the US labor market. We got many signs that employers are still holding on to the workers they have. Every major industry sector reported a layoff rate in June equal to or below its February 2020 level.

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Nick Bunker @nick_bunker

2 years ago

The US labor market keeps on cruising. The layoff rate has been equal to or below its pre-pandemic low every month save one since January 2021. hiringlab.org/2023/08/01/jun…

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Guy Berger @EconBerger

2 years ago

I'm back from vacation! This bit of data from Friday's BLS report caught my eye - the impact of layoffs on the labor market is fading. In July, the share of unemployed whose reason is "permanent layoff" was the lowest since February. Still a little higher than a year ago.