Economists Release Blogs on Economic Recovery and LMI Data Sources
Dr. Greg Weeks and George Foster, Economists, will release a series of blogs on Economic Recovery and Labor Market Information.
Brandt Information Services is launching a new series of economic blogs to help readers understand national and local the labor markets as the nation leaves the recession and moves into recovery. The first two of these blog reports have been produced by Brandt economists, Dr. Greg Weeks and George Foster.
The Weeks report analyzes data from the Business Employment Dynamics program of the federal Bureau of Labor Statistics. These data are developed from individual businesses’ employment levels and analyze the degree to which the businesses grow or decline in employment from quarter to quarter. In this way, the data series tracks job creation and job destruction over time. In his analysis of these data, Weeks finds “Job creation in the US economy is near the lowest levels in twenty years, despite the end of the great recession. While the historically low level of job destruction is a positive aspect of the recovery, it does not seem as if the economy will truly recover until employers start adding and creating jobs at much higher levels.”
Foster writes about the information included in several types of data about job openings. Ranging from local surveys to national data sets, Foster provides a review of each of the data sets as well as an analysis of the strengths and weaknesses of each.
While slow economic recovery and growth is expected, Weeks and Foster utilize local, state, and federal data to provide insight in to the near future, and compare data sources to best understand how to utilize public resources to identify trends and project possible change and growth.
Dr. Greg Weeks, former Labor Market Information Director for the State of Washington holds a Ph.D. in Economics from Washington State University and is currently an Economist for Brandt Information Services, Inc.
George Foster, former Economist Supervisor for the Florida Department of Economic Opportunity holds a Master’s Degree in Anthropology and a Bachelor’s degree in Mathematics. Mr. Foster is also an Economist for Brandt Information Services, Inc. based in Tallahassee, Florida.
The blogs can be found here: http://www.brandtinfo.com/labor-market-research/labor-market-economists-blog/