Anyhow, continuing with my analysis of US jobs that I did here, today I learnt:
- That you don't need to try to speculate what jobs will do... The congressional budge office will do the Labor Market Projections for you :). By the way, if you are interested to know, they predict that basically all the slack left on the labor market to deal with future job openings will run out in the next 2 years. "Everybody" will be employed with wages going up...
- Also learnt what the Beveridge curve is. Basically a plot of job openings rate vs unemployment rate. Very interested to anticipate where the economy is heading.
- The #2 link gives the curve in 2012 and predicts that things are just going to get really good in the next 4 years. We all know they nailed it. For an updated Beveridge curve these days, check out this very recent (2/17) and nice article from the Bureau of Labor Statistics. It includes also other graphs like number of unemployed persons per job opening.
Cheers!
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