Economy
Watching the employment statistics, as presented by the federal Bureau of Labor Statistics (BLS) from month to month, offers an interesting perspective on how people can develop different understandings of objective reality. Tracing the unemployment rate, one might think Rhode Island is undergoing a strong recovery. In January 2010, it was 11.9%, and for years…
A brief exposition of an entry put down in an actual dead-tree notebook, referring to a news-subject worth watching, at a time where there is certainly no shortage of subjects vying for public attention… Secretary of Commerce vs. RICWFA paradox — A group of Rhode Island leaders led by General Treasurer Gina Raimondo announced a…
A quick update study from the RI Center for Freedom & Prosperity finds that legislative proposals at the state level to increase the minimum wage to $8.25 per hour would cost workers in the state 432 jobs, measured against last year’s $7.40 per hour rate. Even worse would be the proposal suggested by U.S. Congressmen…
What are Governor Lincoln Chafee’s three Ts of economic development, again? Is it talent, technocrats, and tolerance? Or is it technology, tolerance, and twee ideological fashion? It can be so difficult to keep these gimmicky strategies straight. This particular strategy is also turning out to be difficult to make work. In fact, it may just…
The message making the rounds on Rhode Island’s January employment numbers is that it represented a slight, if mixed, improvement, because the unemployment rate fell to 9.8%, the lowest it’s been since early 2009. A large reason for that fact, however, is that a methodological revision by the U.S. Bureau of Labor Statistics made more…
In George Orwell’s 1984, the protagonist, Winston, begins to notice the import of the revisions that he makes to news and history as an employee of the Ministry of Truth. No fact is so set in stone that it can’t be made to look better through revisions of the past. In the real world, nationally,…
Another economic development study presentation at the State House, liveblogged.
Perspective from on high; the empathetic view from my soap box; cover-up as economic development; what happens when that which can’t go on forever doesn’t. Continue reading on the Ocean State Current…
An unanticipated (unprecedented) leap in employment just prior to this year’s presidential election brought the Current Population Survey (CPS) data from the Bureau of Labor Statistics (BLS) an unusually high degree of technical scrutiny. As I’ve been noting, the seasonally adjusted and unadjusted results have been a bit peculiar. With data from December now available,…
After two months of unexpectedly strong employment growth, Rhode Island’s surge abated. Unemployment held at 10.4%, leaving the state at second worst in the nation, with Nevada rapidly making up the distance, and the number 3 California finally slipping below 10%. According to survey data released by the U.S. Bureau of Labor Statistics, the pace…
