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3 Hurricanes Trigger Labor Shortage
David R. Kotok, October 9, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) Rebuilding, cleanup, mitigation, maintenance, infrastructure repairs in 7 states will require 100s of thousands of additional people working. We need to import more labor, not deport. Fix DACA now. U7 says Labor…
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Claudia, Danny, Michael, the U7 & Me
David R. Kotok, September 15, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) I found Michael Gayed’s summary of the recent labor market outcomes succinct and clear. He wrote: If you were waiting for the labor market to save the soft-landing narrative this week, you…
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THE BLS REVISION
David R. Kotok, August 22, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) The recent BLS revision has caused a stir. Please take 2 minutes to read it. Here’s the source document: “2024 Preliminary Benchmark Revision” https://www.bls.gov/ces/notices/2024/2024-preliminary-benchmark-revision.htm Every economist with skills knows that the BLS…