scholarly journals Socio-Economic Impact of the Covid-19 Pandemic in the U.S

Entropy ◽  
2021 ◽  
Vol 23 (6) ◽  
pp. 673
Author(s):  
Jonathan Barlow ◽  
Irena Vodenska
Keyword(s):  
Production Capacity ◽  
Critical Value ◽  
Cascade Model ◽  
Labor Statistics ◽  
Initial Shock ◽  
Socio Economic Impact ◽  
Bureau Of Labor Statistics ◽  
Industry Network ◽  
Total Network ◽  
The U.S

This paper proposes a dynamic cascade model to investigate the systemic risk posed by sector-level industries within the U.S. inter-industry network. We then use this model to study the effect of the disruptions presented by Covid-19 on the U.S. economy. We construct a weighted digraph G = (V,E,W) using the industry-by-industry total requirements table for 2018, provided by the Bureau of Economic Analysis (BEA). We impose an initial shock that disrupts the production capacity of one or more industries, and we calculate the propagation of production shortages with a modified Cobb–Douglas production function. For the Covid-19 case, we model the initial shock based on the loss of labor between March and April 2020 as reported by the Bureau of Labor Statistics (BLS). The industries within the network are assigned a resilience that determines the ability of an industry to absorb input losses, such that if the rate of input loss exceeds the resilience, the industry fails, and its outputs go to zero. We observed a critical resilience, such that, below this critical value, the network experienced a catastrophic cascade resulting in total network collapse. Lastly, we model the economic recovery from June 2020 through March 2021 using BLS data.

A framework for the evaluation and use of alternative data in the Consumer Expenditure Surveys

1915 ◽  
Author(s):  
Laura Erhard ◽  
Brett McBride ◽  
Adam safir
Keyword(s):  
Strategic Plan ◽  
Consumer Expenditure ◽  
Quality Of Data ◽  
Additional Information ◽  
Complementary Role ◽  
Labor Statistics ◽  
Weighting Procedures ◽  
Bureau Of Labor Statistics ◽  
The U.S

As part of the implementation of its strategic plan, the U.S. Bureau of Labor Statistics (BLS) has increasingly studied the issue of using alternative data to improve both the quality of its data and the process by which those data are collected. The plan includes the goal of integrating alternative data into BLS programs. This article describes the framework used by the BLS Consumer Expenditure Surveys (CE) program and the potential these data hold for complementing data collected in traditional formats. It also addresses some of the challenges BLS faces when using alternative data and the complementary role that alternative data play in improving the quality of data currently collected. Alternative data can substitute for what is presently being collected from respondents and provide additional information to supplement the variables the CE program produces or to adjust the CE program’s processing and weighting procedures.

scholarly journals The Economic Implications of Compensation Package to a Business Process Outsourcing in Bacolod City

2020 ◽  
Vol 3 (2) ◽  
pp. 17-18
Author(s):  
Luneta Fe S. David ◽  
Anabelle S. Palic
Keyword(s):  
Business Process ◽  
Business Process Outsourcing ◽  
Employee Compensation ◽  
Economic Implications ◽  
Compensation Package ◽  
Labor Statistics ◽  
Base Salary ◽  
Bureau Of Labor Statistics ◽  
The U.S

As one of the most comprehensive compensation tools for motivating employees, compensation package plans are forms of payment in an organization's compensation practices associated with performance. It is generally one of the organization’s highest costs. According to the U.S. Bureau of Labor Statistics (BLS), 69.6% of a business' employee compensation expenses comprise the salaries and wages. While some costs are controllable, most employers must bear several salary-related costs beyond the base salary (Keegan, 2020). By far, there has never been any attempt to investigate the economic implications of the compensation package in terms of savings on expenditures. Hence, this study primarily intends to determine the economic implications of the compensation package to a business process outsourcing (BPO) in Bacolod City in terms of savings on expenditures. Likewise, it examines the strengths, weaknesses, threats, and opportunities of the company.

Resolving a Workforce Crisis in the U.S. Roofing Industry

2020 ◽  
pp. 191-207
Author(s):  
John G. Schehl
Keyword(s):  
Great Recession ◽  
Research Study ◽  
Trade Association ◽  
State University ◽  
Arizona State University ◽  
Workforce Shortage ◽  
The Great Recession ◽  
Labor Statistics ◽  
Bureau Of Labor Statistics ◽  
The U.S

The National Roofing Contractors Association (NRCA), a nonprofit construction trade association established in 1886, was challenged to find a solution to overcome a severe industry workforce shortage that emerged as the economy recovered from the great recession. The NRCA leadership, staff, and other industry stakeholders focused on developing strategies to address the workforce crisis head-on and committed resources to develop a series of performance-based programs to overcome the crisis. The new initiatives relied on limited U.S. Department of Labor's Bureau of Labor Statistics (BLS) data to support development decisions. Aware that the available BLS data was insufficient, NRCA commissioned the Arizona State University (ASU) to conduct the roofing industry's first ever comprehensive demographics research study. New data gleaned from the research changed not only NRCA's approach to resolving the workforce crisis, but it may potentially change how the entire roofing industry operates.

Salaries for Selected Occupations in Services for the Blind, January 1966

1967 ◽  
Vol 61 (4) ◽  
pp. 120-128
Keyword(s):  
Industrial Relations ◽  
General Direction ◽  
Labor Statistics ◽  
American Foundation ◽  
Bureau Of Labor Statistics ◽  
Training Service ◽  
And Training ◽  
Associate Director ◽  
The U.S

The survey was conducted in the Division of Occupational Pay of the U.S. Bureau of Labor Statistics by Toivo P. Kanninen under the general direction of L. R. Linsenmayer, assistant commissioner for wages and industrial relations. The analysis was prepared by Stephen H. Perloff, under the supervision of Louis E. Badenhoop. Assistance in planning the survey was provided by Huesten Collingwood, director, Personnel and Training Service, under the direction of Harold C. Roberts, associate director for service of the American Foundation for the Blind.

scholarly journals The performance of consumers' cooperatives in America

2020 ◽  
Vol 3 (1) ◽  
pp. 1-27
Author(s):  
John Pencavel
Keyword(s):  
United States ◽  
Design Methodology ◽  
The United States ◽  
Comparable Data ◽  
Content Type ◽  
Labor Statistics ◽  
Bureau Of Labor Statistics ◽  
Methods Of Operation ◽  
The U.S

PurposeThe purpose is to evaluate the performance of consumers' cooperatives in the United States over the last 100 years. This evaluation is based on an overlooked series of surveys undertaken by the U.S. Bureau of Labor Statistics between 1920 and 1950. Where possible, the series are brought up to date.Design/methodology/approachThe surveys did not follow a single consistent organization. Therefore, the observations require rearrangement so that a single meaningful design is achieved.FindingsIn a number of instances, consumers' cooperatives have not merely survived but thrived. Indeed, some of their original and continuing methods of operation have been copied and adopted by firms that are not cooperatives.Originality/valueThe series constructed are original and singular. The author knows of no such comparable data.

WOMEN'S WORK AND MEN'S UNEMPLOYMENT

2001 ◽  
Vol 61 (4) ◽  
pp. 926-949 ◽  
Author(s):  
Carolyn M. Moehling
Keyword(s):  
Household Production ◽  
Household Consumption ◽  
Labor Market Participation ◽  
Women's Labor ◽  
Cost Of Living ◽  
Added Worker Effect ◽  
Labor Statistics ◽  
Bureau Of Labor Statistics ◽  
Production Response ◽  
The U.S

A large literature examines men's unemployment and their wives' labor-market participation. In response to her husband's unemployment, a woman may adjust her labor supplied to household production as well as to the market. This article tests for this effect and measures its impact using the U.S. Bureau of Labor Statistics Cost of Living survey of 1917–1919. Households altered both household-production decisions and the wife's labor supplied to the market in response to the husband's unemployment. But the household-production-response effect was smaller than the added-worker effect, in terms of women's labor hours and household consumption.

Notes from the Editors, February 2020

2020 ◽  
pp. c2-64
Author(s):  
The Editors
Keyword(s):  
Business Cycle ◽  
Unemployment Rate ◽  
Full Employment ◽  
Wage Growth ◽  
The Past ◽  
Labor Statistics ◽  
The Business Cycle ◽  
Bureau Of Labor Statistics ◽  
The U.S ◽  
New Jobs

buy this issue According to the U.S. Bureau of Labor Statistics, the U.S. economy is experiencing an unemployment rate that is at a fifty-year low. Yet, wage growth continues to be weak, with continuing wage stagnation even at the peak of the business cycle. A major and largely undertheorized reason for the sluggish wages in a period of seeming full employment is to be found in the fact that the new jobs being created by the economy do not measure up to those of the past in terms of weekly wages and hours, or in the degree to which they support households or even individuals.

Shaping Knowledge about American Labor: External Advising at the U.S. Bureau of Labor Statistics in the Twentieth Century

2010 ◽  
Vol 23 (2) ◽  
pp. 187-220 ◽  
Author(s):  
Thomas A. Stapleford
Keyword(s):  
Twentieth Century ◽  
The United States ◽  
Social Scientists ◽  
Political Values ◽  
Construction Of Knowledge ◽  
Unemployment Compensation ◽  
Labor Statistics ◽  
Bureau Of Labor Statistics ◽  
The U.S ◽  
American Labor

ArgumentCreated in 1884, the U.S. Bureau of Labor Statistics (BLS) has been the major federal source for data in the United States on labor-related topics such as prices, unemployment, compensation, productivity, and family expenditures. This essay traces the development and transformation of formal and informal consulting relationships between the BLS and external groups (including academic social scientists, unions, businesses, and other government entities) over the twentieth century. Though such a history cannot, of course, provide a comprehensive analysis of how political values have shaped the construction of labor statistics during this period, I argue that it can nevertheless provide important insights into the political context for the construction of knowledge about American workers and their living and working conditions.

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