Search Results for: labor

Civilian Labor Force Growth vs. Inflation since 1962 This chart shows that civilian labor force growth leads CPI by four years. Picture source: Bank of America Merrill Lynch

Labor Costs Lead Core Inflation by 6 Months Historically, U.S. labor costs have been a good leading indicator of core inflation, because when labor costs rise, companies tend to increase their prices. Picture source: Legg Mason

Why the Unemployment Rate to 3.6% in April 2019 Is Not So Great? Well, the unemployment level is the lowest since 1969, but when we compare the level of unemployment plus people not in the labor force, to the level of employment, the picture is not so rosy. Ouch!

Which Country Has the Highest Density of Robot Workers? South Korea had 710 installed industrial robots per 10,000 employees in the manufacturing industry in 2017. When robots replace manual labor, the productivity and the quality of products increase dramatically. Robots increase labor productivity levels and won’t take all the jobs. Picture source: Statista

Why Is Core Inflation So Low Compared To Previous Business Cycles? The Consumer Price Index Less Food & Energy (Core CPI) is very low compared to previous business cycles in the US, for several reasons: – not fast-rising money supply – globalization: inflation is a global phenomenon – lack of wage acceleration – increase in…