PRICES & SPENDING • Jan 2019 • Volume 8 / Number 1
In 2014, the Bureau of Labor Statistics (BLS) published a Beyond the Numbers article titled “Examining trends in the nonresidential building construction PPIs.” The article looked at the published Producer Price Indexes (PPIs) for nonresidential building construction in the context of the broader economy.Read full article » | Download PDF
Infrastructure plays an essential role in the U.S. economy because it includes facilities and structures that help the nation function. These facilities and structures are local roads and highways, bridges, airports, phone lines, water and sewage treatment facilities, and power generating facilities. This Beyond the Numbers article uses Bureau of Labor Statistics (BLS) data to examine long-term employment projections, education and training requirements, and wages for selected occupations that are involved in building, maintaining, repairing, and inspecting infrastructure in the United States. These occupations include those that make plans and designs, prepare worksites for building activities, build the infrastructure, and inspect and monitor the construction. Infrastructure-related occupations provide good opportunities: most are projected to grow faster than the average, and wages are generally higher than the median.
The financial industry facilitates consumption, borrowing, investment, and risk management throughout the economy. Occupations that are heavily employed in the financial industry vary from managers who plan and direct the work of others, to financial specialists who analyze data and recommend investment decisions, to clerical workers who carry out day-to-day operational tasks. This Beyond the Numbers article highlights a few occupations with substantial employment in the financial industry that are affected by the economic factors mentioned above.
Which industries are filling job openings and which industries are not? Exploring the JOLTS hires-per-job-opening ratio
This Beyond the Numbers looks to answer these questions through analysis of job openings and hires data produced by the Bureau of Labor Statistics. Exploring the ratio of hires to job openings for private industry versus government, by industry, and by region provides some answers to these questions.