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Paul E. Harrington Center for Labor Markets and Policy Drexel University

Productivity, Jobs , and the American College Labor Market Understanding Developments in Economic Activity and the Labor Market. Paul E. Harrington Center for Labor Markets and Policy Drexel University.

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Paul E. Harrington Center for Labor Markets and Policy Drexel University

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  1. Productivity, Jobs, and the American College Labor MarketUnderstanding Developments in Economic Activity and the Labor Market Paul E. Harrington Center for Labor Markets and Policy Drexel University

  2. Trends in the gross domestic product (in trillions of constant 2005 dollars) and nonfarm payroll employment (millions of jobs) in the US, 2007-IV to 2011-IV

  3. Trends in the manufacturing gross domestic product (in trillions of constant 2005 dollars) and nonfarm payroll employment (millions of jobs) in the US, 2007-2010

  4. ProductivityGains in Manufacturing • Inflation adjusted value of U.S. Manufacturing output is about • 4% greater than in 2000,oalthough still below 2007. • Manufacturing employment has declined by about 30 percent • since 2000. • Output per hour of labor input has increased by an astonishing • 40% over the decade. • Productivity gains associated with: • - substitution of physical capital for labor • - Improved technologies in production • - New ways of organizing production—sophisticated supply • chains and distribution networks • - Rising educational attainment and skills in the • manufacturing workforce

  5. Trends in the Manufacturing Share of Employment in the U.S., 1970-2011 (Numbers in thousands)

  6. United States: Change in Employment by Sector June 2003 – December 2007

  7. United States: Change in Employment by Sector December 2007 – February 2010

  8. United States: Change in Employment by Sector February 2010 – January, 2012

  9. Key Industry Sources of New Job Creation in the U.S. 2011

  10. Trends in the Employment of the Civilian Non Institutional Working Age Population in the U.S., by Educational Attainment Source: U.S. Bureau of the Census Current Population Survey, Public Use Data Files, Tabulations by Center for Labor Markets and Policy, Drexel University

  11. Labor Force Data

  12. Expected Versus Actual Labor Force Growth in the U.S., 2008 to 2011 (in millions)

  13. Changes in Labor Force for Under 30 Year Olds: 2007-2009

  14. Changes in Labor Force for 30-64 Year Olds: 2007-2009

  15. Changes in Labor Force for Under 30 Year Olds: 2009-2011

  16. Changes in Labor Force for 30-64 Year Olds: 2009-2011

  17. Employment Data

  18. Changes in Employment for Under 30 Year Olds: 2007-2009

  19. Changes in Employment for 30-64 Year Olds: 2007-2009

  20. Changes in Employment for Under 30 Year Olds: 2009-2011

  21. Changes in Employment for 30-64 Year Olds: 2009-2011

  22. Unemployment Data

  23. Changes in Unemployment for Under 30 Year Olds: 2007-2009

  24. Changes in Unemployment for 30-64 Year Olds: 2007-2009

  25. Changes in Unemployment for Under 30 Year Olds: 2009-2011

  26. Changes in Unemployment for 30-64 Year Olds: 2009-2011

  27. Data on People Working Part-Time for Economic Reasons

  28. Changes in People Working Part-Time for Economic Reasons for Under 30 Year Olds: 2007-2009

  29. Changes in People Working Part-Time for Economic Reasons for 30-64 Year Olds: 2007-2009

  30. Changes in People Working Part-Time for Economic Reasons for Under 30 Year Olds: 2009-2011

  31. Changes in People Working Part-Time for Economic Reasons for 30-64 Year Olds: 2009-2011

  32. Labor Force Reserves Data

  33. Changes in Labor Force Reserves for Under 30 Year Olds: 2007-2009

  34. Changes in Labor Force Reserves for 30-64 Year Olds: 2007-2009

  35. Changes in Labor Force Reserves for Under 30 Year Olds: 2009-2011

  36. Changes in Labor Force Reserves for 30-64 Year Olds: 2009-2011

  37. Labor Force Underutilized Pool

  38. Changes in Labor Force Underutilized Pool for Under 30 Year Olds: 2007-2009

  39. Changes in Labor Force Underutilized Pool for 30-64 Year Olds: 2007-2009

  40. Changes in Labor Force Underutilized Pool for Under 30 Year Olds: 2009-2011

  41. Changes in Labor Force Underutilized Pool for 30-64 Year Olds: 2009-2011

  42. E/P Ratios

  43. E/P Ratios for Under 30 Year Olds by Educational Attainment

  44. E/P Ratios for 30-64 Year Olds by Educational Attainment

  45. Unemployment Rates

  46. Unemployment Rate for Under 30 Year Olds by Educational Attainment

  47. Unemployment Rate for 30-64 Year Olds by Educational Attainment

  48. Labor Force Underutilization Rates

  49. Labor Force Underutilization Rates for Under 30 Year Olds by Educational Attainment

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