Home / 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 ago 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 ago
New College JCR is challenging its governing body’s proposal to stop offering Human Sciences.Sparked by the upcoming departure of the current Head of Human Sciences, the place of the subject within the College is being reviewed. As set out in a JCR motion, one of the reasons it might be discontinued is that, over the last six years, four Human Sciences students have received 2:2s and so, “It has not boosted our Norrington Score as much as some other subjects.”The point was raised by the JCR that ‘Norrington viability’ should not affect the diversity of subjects offered by New College. A member of the JCR also pointed out that two of the students who received 2:2s had previously rusticated on account of mental health issues.Other reasons to discontinue the subject included the fact that it would be difficult to find a qualified enough replacement and that the college is looking to reduce the overall size of the JCR.Andrew Wills, the JCR Academic Affairs rep, told Cherwell, “At the JCR meeting there were a few interesting points brought up such as the future of the course across the University if New College stopped offering it. The Norrington position was mentioned as a possible reason for College considering removing it, but I think that was more speculative rather than being based on any substantial evidence. We decided that we would let college know our opinion: that they shouldn’t cut the course (especially not for academic reasons); and that if they do decide to drop the course then we would quite like to know their reasoning for doing so. Personally, I don’t believe that the decision to bring this up now is at all influenced by the Norrington Table result; and I think that the JCR would be quite upset if it were as that isn’t at all what we as a college focus on.“I’ve spoken to some long-term members of the SCR and they strongly disagreed that the Norrington table came into it. The reasoning is more along the lines of the Human Sciences tutor is leaving, so now is the natural time to ask the question of whether college continue to offer HumSci, as a course, or not.“Apparently it’s a discussion that they have every time a tutor from a small course leaves. One of the fellows I talked to said that since we’re currently at the top of the Norrington Table there would be no need to do something as drastic as cutting courses to try and improve our position!”New College students contacted also expressed concern that the proposal may negatively affect the performance of current New College Human Scientists, as a temporary head of Human Sciences may not be the best qualified for the position.Human Sciences is a multidisciplinary course which studies the biological, social and cultural aspects of human life. It has an intake of 31 students per year across the University and New College is one of only 10 colleges to offer it as an undergraduate degree. Mark Griffith, Senior Tutor at New College, told Cherwell, “Prof. Chan, UL in Sociology and the Tutorial Fellow responsible for Human Sciences, is leaving and the College is reviewing the future of his post and the future of Human Sciences here. Governing Body will address the recommendations of its Academic Strategy Committee in 8th week. The Committee is still considering the matter.“Whatever the outcome, the College will ensure that teaching of the highest quality is provided for its existing Human Sciences undergraduates.”
Believe [email protected] is a Jaguar. pic.twitter.com/aRV7Y0RL57— #DUUUVAL (@Jaguars) March 13, 2019Foles’ deal will come with $50 million guaranteed, according to a report from ESPN, which cites unidentified league sources.Guranteed money for Nick Foles in Jacksonville, per source: $50.125 million. https://t.co/45h5eJtHkM— Adam Schefter (@AdamSchefter) March 11, 2019The Jaguars also announced they released former starter Blake Bortles. Related News The Jaguars have been rumored to be front-runners to land Foles since the conclusion of last season, and it looks like they’ll get their wish.Jacksonville finished last in the AFC South in 2018, posting a 5-11 record. NFL free agency rumors: Eagles, Malik Jackson agree to multi-year deal NFL free agency news: Jaguars release QB Blake Bortles The Jaguars have won the Nick Foles’ sweepstakes.Jacksonville announced it had signed the free agent quarteback to a four-year, $88 million deal on Wednesday. Believe [email protected] is a Jaguar. pic.twitter.com/aRV7Y0RL57— #DUUUVAL (@Jaguars) March 13, 2019Foles, 30, threw for 1,473 yards and seven touchdowns in five games for the Eagles last season. He replaced an injured Carson Wentz for the Eagles’ postseason run, where Philadelphia topped the Bears in the wild-card round before falling to the Saints. Foles also filled in for an injured Wentz and led Philadelphia through the playoffs and to a victory in Super Bowl 52.
DES MOINES — Warm, dry weather helped with planting and crop growth this past week.The U.S.D.A. says the corn planting is virtually complete and 97% of the corn in the ground has already emerged. That’s more than two weeks ahead of last year and ten days ahead of the five-year average. Eighty-five percent of the corn is rated in good to excellent condition.The soybean crop is not too far behind — with just 3% left to be planted. That three weeks ahead of last year and 12 days ahead of average. The report says 87% of beans have emerged and 82% are in good to excellent condition.