Monday, April 23, 2007

U.S. Department of Labor Statistics

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:

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