Search

The author argues that collective bargaining procedures and relationships bewteen labor and management must reflect less conflict and more cooperation as the nation's economy struggles to meet international competition and domestic needs. (Author/SSH)

The article reports on the decline in multifactor productivity in the manufacturing industry in the U.S. by an average of 0.3 percent per year from 2004 through 2016. It examines sources of this productivity slowdown. Multifactor productivity is the change in real output to changes in the combined inputs used in producing that output.

The labor share--the fraction of economic output that accrues to workers as compensation in exchange for their labor--was thought by some early-to-mid-20th-century economists to be relatively stable. Yet its decline during the second half of the 20th century and on into the early years of the 21st century has shown otherwise, attracting the interest of many researchers. This article reviews the BLS labor share methodology, discusses the uses and limitations of the BLS labor share measure, and suggests ways that BLS might improve the measure. [ABSTRACT FROM AUTHOR]

Nonfarm employment continued to expand in 2015. Private service-providing industries accounted for the vast majority of job gains. Despite a slowdown in the overall rate of job growth in 2015, the gains were a continuation of an expansion that started in May 2014, when employment recovered to its previous peak level of January 2008. [ABSTRACT FROM AUTHOR]

Various factors, including economic cycles, wages, school enrollment, and marital status, affect the participation of different groups of workers in the labor force; a behavioral model that accounts for these variables yields results similar to those obtained from the current BLS model used to project the labor force participation rate [ABSTRACT FROM AUTHOR]

Relying on its core principles of objectivity, confidentiality, relevance, accuracy, and transparency, as well as a core set of disciplines — economics, statistics, information technology, and behavioral science — the Bureau of Labor Statistics at 125 has incorporated new labor phenomena arising over the past quarter century into its repertoire of programs and services [ABSTRACT FROM AUTHOR]

Presents information related to economic development in the U.S. as of March 2003. Structural changes in inflation dynamics; Effect of individual expectations regarding future job loss on household consumption.

Presents updates issues that concern the labor market in the U.S. as of March 2002. Explanation behind a noted gap in the perception of the public to inflation; Analysis on the explanation behind economic growth; Indication of a shortfall on payments to unmeasured form of capital in the manufacturing sector.

Productivity performance of the Canadian business sector relative to its U.S. counterpart has been the subject of numerous recent studies. However, previous work has focused mainly on the manufacturing sector to explain the Canada-U.S. gap, without really exploring the role played by other industry groups. The slower productivity growth in Canada, compared with that in the United States is often identified as the main factor explaining the growing Canada-U.S. real income gap per capita. Since 1981, Canada's standard of living performance has lagged, on average, behind that of the United States. The major break in the Canada-U.S. productivity performance seems to have occurred around 1985, when productivity growth in Canada slowed significantly, relative to U.S. growth. Productivity data for Canada are from Statistics Canada.

Reports on the contribution of information and communication technology to economic growth in Canada and the U.S. during 1990s. Change in composition of investment and capital growth in Canada; Effect of historical trends of investment and capital formation on labor productivity and multifactor productivity; Sources of economic growth.