The economy's need for workers originates in the demand for the goods and services that these workers provide. So, to project employment, BLS starts by estimating the components of gross domestic product (GDP) for 2020. GDP is the value of the final goods produced and services provided in the United States. Then, BLS estimates the size--in…

It will take years for the labor market to recover from the damage induced by the recent recession. While monthly job losses almost surely peaked in 2009, the unemployment rate will likely peak in 2010 (CBO 2010a). In April, the unemployment rate reached 9.9% and the overall economic cause is simple: firms are not hiring quickly enough, as…

In contrast to other East Asian countries, in Papua New Guinea the economy is stagnating due to high labor costs, overvalued currency, stagnant productivity, high government consumption, and barriers to external and internal investment and exports. (SK)

This paper focuses on the change in the growth rate in schools by looking at some of the available data and rearranging it in ways that explain the flattened growth rate. The analysis begins with an overview of the market--past, present, and future. From there, future prospects for the school business are estimated. Declining enrollments, a tight…

A committee examined the number, type, and quality of work and training opportunities available for heads of households under Maine's Aid to Families with Dependent Children (AFDC) Program and suggested ways to improve them. Comprised of such representatives of the private and public sectors as employers, AFDC recipients, welfare advocates,…

The role of the social sciences and the humanities in a knowledge-based economy was examined in a comparative study of the income and employment outcomes of secondary-, postsecondary-, and graduate-level study programs in technical fields, the social sciences, and the humanities in 1991-1996. Special attention was paid to the following areas: the…