EMPLOYMENT & UNEMPLOYMENT   •  May 2016  •  Volume 5 / Number 8

The high-tech industry, what is it and why it matters to our economic future

The high-tech industry, what is it and why it matters to our economic future

High-tech industries are an important part of the U.S. economy, employing nearly 17 million workers in 2014. While this accounted for about 12 percent of total employment, the high-tech sector contributed almost 23 percent of output. According to a study funded by the Workforce Information Council, the high-tech sector can be defined as industries having high concentrations of workers in STEM (Science, Technology, Engineering, and Mathematics) occupations.

Read full article »  |   Download PDF

Recent articles

EMPLOYMENT & UNEMPLOYMENT

Employment patterns in political organizations

The political organizations industry—which includes political parties, political action committees (PACs), political campaign organizations, and political organizations and clubs—employs only a small portion of the U.S. workforce.
Download PDF

PRICES & SPENDING

The consumer price index continued its slowdown in 2015: energy was the main factor

Overall price change remained modest in 2015, as the U.S. All-Items Consumer Price Index (CPI) posted the second-lowest increase in 50 years.
Download PDF

PRICES & SPENDING

Using gasoline data to explain inelasticity

One of the most common topics of conversation, regardless of the time of year or the weather, is gasoline. This topic brings to mind a myriad of issues, such as gasoline’s potential environmental impact, public policy decisions, and alternative fuel sources. But, the seemingly omnipresent issue is the price consumers pay at the pump. Some people become concerned about paying $4.00 or more a gallon. Others talk about the miles per gallon their car obtains. In certain areas, people discuss congested highways with slow-moving vehicles guzzling tanks of gas. With all this attention, it would seem reasonable to assume that those dissatisfied with the price of gas would buy fewer gallons of gasoline as the price per gallon increases.
Download PDF