08/4/18

Employment Structural Change

Big Red Car here on a Saturday morning getting ready to go out for blueberry pancakes at the Counter Cafe.

I have always been interested in delving beneath the covers of employment in the United States. The average person focuses on BLS (Bureau of Labor Statistics) U-3 – the widely reported level of unemployment which is currently at 3.9%, but that paints a very shallow picture of the employment status of the economy. Perhaps, an overly optimistic one.

Let me give you the bottom line first – the US economy is undergoing a huge structural change as the Baby Boomers begin to retire and younger folk have a different attitude toward employment.

I have often observed that the prospect of long term, stable employment is a thing of the past and the “gig” economy is here to stay. Talking to you, Mr. Internet.

My favorite source of useful data and analysis is dshort.com which is run by Doug Short, PhD, under the banner of Advisor Perspectives. You should be reading this guy’s stuff. The best in the business.

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05/12/16

Recovery? Won’t Get Fooled Again

Recovery. Talking recovery today.

Big Red Car here. I’m vexed. People think that the economy is doing fine or, worse, that it is headed in the right direction. It is not.

Let me tell you why. First, say: STRUCTURAL CHANGES to the ugly face of employment.

There are four things we need to look at: total unemployment, unemployment for 25-54 year olds, the Labor Force Participation Rate for the same 25-54 year olds, and Employment-to-Population ratio for the same 25-54 year olds.

So, the hypothesis of this post is this — while America has been engaged in the weakest recession recovery dynamic in the history of the United States, the job market and the structure of our employment force has changed STRUCTURALLY.

A historic example of something like this was the wholesale introduction of women into the work force in the early 1980s. It changed things. Forever.

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04/4/13

Anticipation and Longing for JOBS

Big Red Car here.  Well, it is early and I am not sure what kind of day today will bring.  It is a Thursday and The Boss is looking forward to the Final Four this weekend.  Who is going to win?

Me, I’m looking to the BLS (Bureau of Labor Statistics) Friday employment report.  As I am sure you also are.  Haha, Big Red Car, you crack me up.

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12/18/12

A Gig, a Product, a Job, a Career, a Profession (The Leadership Series)

Big Red Car here.

The Boss is still up skiing in Steamboat.  Snow is still pouring down and I am starting to feel just a bit sorry for myself.  I have been cooped up all week since Sunday and am getting a bit anxious.

I want to get out and run.  My job, my work, is to lower the top and run like Hell.  Through the neighborhood — never, ever violating the speed limit mind you — and when The Boss is feeling a bit wild through the Hill Country and out to the lake and back again.  I have a great job.  I am in the pleasure business.  Come ride with me.

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