Category: Economy

Impact Lab > Economy
Analysis, Business, Economy, Internet, Latest Trend, Report, Science & Technology News

The Internet of Things could lead the U.S. economy out of a ‘slow-growth rut’

The report describes how technological innovation, particularly as it relates to the Internet of Everything (IoE), could lead America’s economy out of a “slow-growth rut.”

The Internet of Things could be just what the U.S. economy needs. The Progressive Policy Institute released a report today titled “Can the Internet of Everything bring back the High-Growth Economy?” The PPI is a public policy think tank that conducts research and promotes liberal economicand political policies.

 

 

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Analysis, Business, Economy, Latest Trend, Science & Technology News

Here’s what you might have missed about the U.S. jobs report

Like the unemployment rate, the employment-population ratio is also affected by labor participation.

The US jobs report last week added to a long string of lackluster monthly installments of data, but at least one thing has been looking up: The unemployment rate is ticking down steadily, dropping almost a tenth of a percentage point with each new report.

 

 

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Analysis, Birth, Economy, Latest Trend

Are reported high rates of childlessness a myth?

Reported high rates of childlessness fail to take into account fertility treatments, adoptions and the simple delay of childbirth.

Recent reports of the rise of childlessness are premature. As with fertility dynamics generally, the phenomenon has many parts. The reports may prove true in the long term, or they may not—but it’s too soon to tell.

 

 

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Analysis, Business, Economy, Latest Trend

Millennials optimistic about career prospects

We came of age as deregulated financial institutions stumbled and took housing, bank accounts, and jobs with them. The bailout helped those industries bounce back, but what about a generation’s collective sense of security and purpose? Young people aren’t totally turned off by work despite today’s economy. They are excited about getting fulfillment from their careers, especially if they can help others.

 

 

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Analysis, Business, Economy, Latest Trend, Science & Technology News

How technology hurts the middle class

Robot arms weld a vehicle on the assembly line at a General Motors plant.

Since the Great Recession ended four years ago, American workers’ productivity has risen. But, in the U.S. there are two million fewer jobs than before the downturn. The unemployment rate is stuck at levels not seen since the early 1990s and the proportion of adults who are working is four percentage points off its peak in 2000.

 

 

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Analysis, Business, Economy, Latest Trend

Smart policies are good, but oil is better

How Texas and North Dakota won the recovery.

If you want to understand how to create hundreds of thousands jobs at once you just need look to Texas and North Dakota. Together, these two states account for a little more than 8 percent of the country’s population — about one in 12 people. But they’re also responsible for 20 percent of net new jobs since the end of the recession. And, crucially, they account for “more than 100 percent of the increase in U.S. [oil] production since 2009,” James Hamilton writes.

 

 

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Analysis, Business, Economy, Latest Trend

Who ends up being long-term unemployed?

The long-term unemployed tend to be people who 1) are a little bit older, and 2) got laid off from their last job.

The economic recovery officially began a little over four years ago. But there are still over four million people who are long-term unemployed. That’s four million people who can’t find work even after looking for six months or more — four million people who can’t even get companies to look at their resumes anymore.

 

 

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Analysis, Economy, Education, Latest Trend, Money Talk

It all comes down to money when picking a college and major

Nearly half of adults are limiting their child’s college choices based on price.

Families are cost-cutting before their kids even apply to schools because of the financial burden of paying for college. According to a new survey by Discover Student Loans, And it’s affecting students’ decisions about not only where to go, but what to study.

 

 

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Business, Economy, Food, government

Agriculture sector in Nigeria to create 3.5 million jobs by 2015

“Nigeria is undergoing rapid changes in its agriculture sector.”

Goodluck Jonathan, President of Nigeria, has announced that the country expects about 3.5 million jobs to be created in the agriculture and allied industries by the end of 2015 with the current policy and institutional reforms taking place in Nigeria.

 

 

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