Late Baby Boomers Held An Average Of 11.7 Jobs From Ages 18 To 48

March 31st, 2015
in econ_news

from the Bureau of Labor Statistics

The average person born in the latter years of the baby boom (1957-1964) held 11.7 jobs from age 18 to age 48, according to the U.S. Bureau of Labor Statistics. Nearly half of these jobs were held from ages 18 to 24.

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Interesting Study On "Real" Costs Of Freight Transport To The Economy

March 31st, 2015
in econ_news

by Congressional Budget Office

Although freight transport contributes significantly to the productivity of the U.S. economy, it also involves sizable costs to society. Those costs include wear and tear on roads and bridges; delays caused by traffic congestion; injuries, fatalities, and property damage from accidents; and harmful effects from exhaust emissions. No one pays those external costs directly - neither freight haulers, nor shippers, nor consumers. The unpriced external costs of transporting freight by truck (per ton-mile) are around eight times higher than by rail; those costs net of existing taxes represent about 20 percent of the cost of truck transport and about 11 percent of the cost of rail transport.

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Majority Of Hires Never Report Looking For A Job

March 31st, 2015
in econ_news

by Carlos Carrillo-Tudela, Bart Hobijn, Patryk Perkowski, and Ludo Visschers - FRBSF Economic Letter, Federal Reserve Bank of San Francisco

Every month, millions of workers search for new jobs although they already have one. About one-tenth of these searchers switch employers in the following month. However, most of the job switchers in the United States never reported having looked for a job. This implies that, rather than those workers finding jobs, the jobs actually found them.

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Early Headlines: Minimal State-Based Obamacare Exchanges, China's Marshall Plan, Nigeria Election Results and More

March 31st, 2015
in News, econ_news, syndication

Early Bird Headlines 31 March 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.


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What We Still Don't Know About the Fed's Leak Investigation

March 31st, 2015
in econ_news

Special Report from ProPublica

by Jake Bernstein, ProPublica.org

Last December, ProPublica reported that confidential information from the Federal Reserve Board committee that sets the nation's monetary policy had been leaked to a private investor newsletter in 2012. This week, the Fed for the first time put out a summary of its investigation into the leak — one that raises new questions about how the matter was handled.

Fed General Counsel Scott Alvarez

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