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Contrasting Economic Metrics: GDP and Employment Growth

first_imgHome / Daily Dose / Contrasting Economic Metrics: GDP and Employment Growth Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago February 4, 2016 1,012 Views  Print This Post Employment GDP U.S. Economy 2016-02-04 Brian Honea About Author: Brian Honea Share Save Previous: Existing Homeowners Are Not Taking Advantage of Historically Low Rates Next: DS News Webcast: Friday 2/5/2016 Tagged with: Employment GDP U.S. Economy Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days agocenter_img Contrasting Economic Metrics: GDP and Employment Growth The nation’s real GDP has grown at a slower rate in the last two years while employment numbers have grown at a faster rate relative to their historical records. While it may be too early to declare a trend, what will it mean if these two central measures of the economy continue on the paths they’ve taken the last two years?According to William Dupor, Assistant VP and Economist for the St. Louis Fed, it will mean that the nation has entered a decline in the number of technology-related jobs available.The GDP grew at an average yearly rate of 3.1 percent from 1987 to 2006, which is the 20-year period prior to the recession, while employment grew at a rate of 1.6 percent during that same period. In 2015, GDP growth is likely to finish the year at a rate of around 1.8 percent (the first estimate for Q4 released last week was 0.7 percent). Employment grew at a rate of 1.9 percent for 2015 compared to the projected 1.8 percent for GDP, with a similar pattern happening in 2014, according to Dupor.Among other things, the GDP includes consumer goods and services as well as the buildings and equipment companies use; therefore, Dupor said, “The overriding reason that real GDP grows faster than employment over longer horizons is technology. As technology improves over time, workers become more productive, generating more GDP per worker.”If the GDP and employment rates continue to grow at their respective anomalous rates from the last two years and do not return to the pre-recession growth pattern, Dupor says, “The most disheartening explanation might be that the economy has downshifted into a period of slow technological growth that could last for many years.”While the recent employment reports have been positive as far as the number of jobs created, wage growth has been stagnant—and wage growth has been cited by many economists as the key to increasing household formation and raising a homeownership rate which fell to a 48-year low in the second quarter of 2015.The Bureau of Labor Statistics reported in its December 2015 Employment Summary that wage growth still fails to dazzle, with average hourly earnings for all employees on private nonfarm payrolls in December down by 1 cent at $25.24. This came after a 5 cent increase in November. For the entire year of 2015, average hourly earnings rose by 2.5 percent.Paul Ashworth, Chief US Economist at Capital Economics. says that wage growth was the only disappointment in the BLS report, and “a meaningful pick-up in wage growth is still the missing piece of the puzzle in this recovery, but the survey evidence suggests it will arrive soon.” Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Only After Performing Of Essential Functions As Teacher That State Can Ask A Teacher To Perform Additional Work: Allahabad High Court

first_imgNews UpdatesOnly After Performing Of Essential Functions As Teacher That State Can Ask A Teacher To Perform Additional Work: Allahabad High Court Sparsh Upadhyay10 April 2021 12:51 AMShare This – xUnderlining that performing additional duties is not the reason for which a teacher is appointed, the Allahabad High Court recently directed that all teachers substantively appointed as such should function and perform teaching work first and only thereafter, additional work may be given to them in case of need. The Bench of Justice Ashwani Kumar Mishra observed, “It is only…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginUnderlining that performing additional duties is not the reason for which a teacher is appointed, the Allahabad High Court recently directed that all teachers substantively appointed as such should function and perform teaching work first and only thereafter, additional work may be given to them in case of need. The Bench of Justice Ashwani Kumar Mishra observed, “It is only after performing of essential functions as a teacher that State can ask a teacher to perform additional work. Performance of additional work in no circumstance can be at the cost of teaching work by the concerned teacher/Headmaster.” Facts in brief The Petitioner, a headmaster in a primary school was sent on deputation on the post of Zila Vyayam Shikshak in July 2017 and was working on that post since then. Thereafter, in January 2021, an order was passed by the Director General School Education wherein a direction had been issued to all District Basic Education Officers requiring the games and scouts teachers/ physical education teachers attached at the block level to be relieved. It was so ordered so that these teachers could perform their primary function as a teacher in the school and only in addition to it, they may perform other functions. A consequential order had been passed by the District Basic Education Officer, Chandauli relieving the petitioner from the additional work assigned to him on account of his deputation. Challenging the same, the petitioner moved before the High Court stating that games teachers, in sufficient number, are otherwise available and regular functioning of the school was otherwise restricted on account of Covid-19 pandemic. Court’s observations Hearing the matter, the Court in February 2021 had observed that the order of the Director-General, School Education was clearly in aid of the cause of education inasmuch as teachers have the preliminary responsibility to perform teaching work and all other functions are only secondary. The Court had also remarked that the Director-General, School Education must examine and ensure that the order was implemented in letter and spirit inasmuch as the teachers who are either headmaster or teachers must be repatriated to their parent cadre and should be authorized to perform teaching work first. Pursuant to the Court’s Order, on 15th March, the Director-General, School Education filed his personal affidavit clearly stating that all teachers, who were assigned duties of games and scouts activities, have been repatriated to perform their parent teaching work. It was further stated that the petitioner had also been repatriated and has joined at his original place of posting as Headmaster of the Primary School. Petitioner’s plea The petitioner contended that he was only games’ teacher and his activity of teaching in school was not that important as of teachers who were to teach Science and Humanity subjects. It was also submitted that such teachers were given additional work and were also getting an allowance of Rs.2500/- per month, whereas petitioner’s allowance was only Rs.300/- per month. Further, it was his grievance that there was no justification to repatriate the petitioner and the State had not treated him at par with other teachers, who were to act as academic key resource person. Court’s order At the outset, the court observed, “Petitioner is substantively a Headmaster in a Primary School and his primary duty is to perform teaching work and to supervise the primary institution. There is no factual issue that petitioner has been repatriated to perform teaching work.” The Court further noted that his entire anxiety was to somehow get the additional work for which Rs.300/- per month is to be paid extra. Significantly, the Court observed, “This Court, therefore, is not inclined to entertain petitioner’s grievance, inasmuch as the respondents have merely asked the teachers to perform their essential teaching work and not encourage allocation of additional duties as District Coordinator etc.” Further, the Court also directed, “The Director-General shall, therefore, ensure that other category of teachers are also not allowed to perform non-teaching work at the cost of teaching work, which is likely to impair the work for which they have been appointed.” Significantly, the Court also directed the Director-General to ensure that all teachers substantively appointed as such are allowed to function and perform teaching work first and only thereafter additional work maybe given to them in case of need. Case title – Vikeka Nand Dubey v. State Of U.P. And 4 Others [WRIT – A No. – 2679 of 2021]Click Here To Download OrderRead OrderNext Storylast_img read more

Brazilian band visits campus

first_img40 members of the Brazilian youth band Meninos do Morumbi arrived on campus Tuesday to visit the University and perform during the halftime show on Saturday at the Notre Dame-Stanford football game. In English, Meninos do Morumbi means “Kids of Morumbi,” the neighborhood in São Paulo, Brazil, where the band is based. The students will remain on campus until Sunday and are lodging at the Sacred Heart Parish Center. According to the Notre Dame Band website, in 2011, 66 members of the Notre Dame band toured Brazil and performed for Meninos do Morumbi in São Paulo, the country’s largest city and Dr. Ken Dye, director of bands, said he enjoyed the visit to Brazil. “They were very gracious hosts and shared their exciting music with our band,” Dye said. The band later invited the youth band to Notre Dame to perform and experience campus life. Dye is looking forward to the interaction between the Notre Dame Band members and the young performers from Brazil. According to their website, Meninos do Morumbi is a social project that gives youth an alternative to delinquency, violence and drugs through music. “We attend around 2,000 children and young from 22 slums of São Paulo,” Ana Paula Costa, the band’s spokeswoman,said. According to Costa, Meninos do Morumbi has had 14,000 youth participants thus far. Musician and current director Flávio Pimenta founded the band in 1996. “I originally invited children from the slums and poor communities found begging on the streets of my neighborhood to teach music in my studio in my house,” Pimenta said. “The idea was not and is not charity.” According to Pimenta, the band has greatly impacted the students’ lives. “Not only the music, but the experience of good values. We are a place for good values,” Pimenta said. According to a press release, the group provides an escape from situations of personal and social risk through many expressions. “We offer them a range of activities in the areas of culture, music, arts, education and sports,” Costa said. The band has performed for former U.S. President George W. Bush as well as singer Madonna, according to Costa. They have also performed in the United Kingdom and France. The band’s style of music interprets songs of Brazilian and African folklore. According to Costa, the youth play music from Brazilian genres including jongo, maracatu, funk and samba. Sandra Teixeira, a Notre Dame Portuguese professor originally from Brazil, is excited for the band’s visit. “The Portuguese and Brazilian studies program is very excited about this incredible opportunity,” Teixeira said. “The visit will share an important aspect of Brazilian culture, as well as our love for music and dance, with the entire Notre Dame community.” Meninos do Morumbi will participate in many events throughout Notre Dame’s campus. The band is holding a performance today and a Brazilian instrument and dance workshop at the Ricci Band Rehearsal Hall from 8 to 9 p.m. Thursday, the Brazil and Portuguese Language Clubs of Notre Dame will host a welcome reception and social hour in the ballroom of Lafortune Student Center from 3:30 to 5 p.m. “Besides having the unique opportunity to watch a vibrant and culturally infused show, students will be able to witness a very successful story of the determination and talent exemplified by these kids and mentors,” Teixeira said.last_img read more

‘Thanks from Above’: Old warplanes to take flight, honor essential workers above Southern Tier

first_imgSpecific locations for the flyover will be released at a later date, the National Warplane Museum says. The flyover is scheduled for June 6 at 10 a.m. The event is titled, “Thanks from Above.” The Warplane Museum says its fortunate to have essential workers during the pandemic. “We are incredibly honored to take part in yet another flyover mission to show forth our gratitude and support to those on the frontlines,” says Director of Flight Operations at the National Warplane Museum Todd Cameron. (WBNG) — The National Warplane Museum will hold a flyover to honor essential workers during the coronavirus pandemic over the Southern Tier. A Douglas C-47 and a P-51 Mustang will participate in the flight. The museum asks all individuals viewing the planes when they flyover to maintain social-distancing rules.last_img read more

Lady Raiders Defeat Lady Knights

first_imgSouth Ripley beat South Dearborn tonight in 3 sets by scores of 25-21, 25-17, 25-21.“It was nice to get another 3 set win. We have been making progress, there for a while we were going at least 4 sets a night because we would have the lead but couldn’t finish it off, so it’s nice to see them making progress and seeing how important it is to work hard and come out and win the first 3 sets.”  Raiders Coach Robyn Greiwe.SR Stats:  Tori Tucker: 22/24 attacks 10 kills, 3 blocks (3 BS 4 BA), 4 digs, 14/14 serving 10 points, 6/7 serve receive; Laken Farell: 10/11 attacks 3 kills, 5 assisted blocks, 4 digs, 9/10 serving 1 ace 4 points; Morgan Peetz: 5/5 attacks 1 kill; Mercedes Bowling: 23/24 attacks 11 kills, 6 blocks (3 BS 3 BA), 12 digs, 8/10 serving 4 points;Kiley Sparks: 27/27 attacks 10 kills, 5 blocks (3 BS 2 BA), 19 digs, 15/16 serving 4 aces 11 points; Mariah Gentile (libero): 16/16 digs, 14/18 serve receive; Elizabeth Bodenberg: 45/46 sets, 18 Kill Assists, 11/11 serving 1 ace 5 points; Julia Rea: 7/7 attacks 2 kills, 33/33 sets 12 Kill Assists, 10 digs, 12/13 serving 7 points.last_img read more

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