Friday, April 28, 2006

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[IWS] BLS: MONTHLY LABOR REVIEW ONLINE, April 2006, Vol. 129, No. 4 [28 April 2006]

IWS Documented News Service
_______________________________
Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
________________________________________________________________________

Monthly Labor Review Online
April 2006
Vol. 129, Number 4
http://www.bls.gov/opub/mlr/mlrhome.htm

Changes affecting the Employment Cost Index: an overview
Richard E. Caroll
http://www.bls.gov/opub/mlr/2006/04/art1full.pdf
[full-text, 3 pages]
With the release of March 2006 data, BLS has updated the ECI to reflect the new industry and occupational classifications systems; rebased the index to 2005; and implemented new procedures to account for missing data and to compute seasonal adjustments


Employment Cost Index publication plans
Fehmida Sleemi
http://www.bls.gov/opub/mlr/2006/04/art2full.pdf
[full-text, 6 pages]
The Employment Cost Index has gone through changes that affected publication series; some series were unchanged, some new series were introduced, while others have a break in continuity or are being discontinued


Seasonal adjustments in the Employment Cost Index
E. Raphael Branch and Lowell Mason
http://www.bls.gov/opub/mlr/2006/04/art3full.pdf
[full-text, 10 pages]
As part of the conversion of ECI industry and occupation classifications to NAICS and SOC, the Bureau of Labor Statistics used the converted classifications to estimate the seasonally adjusted ECI; in addition,
the Bureau improved the methodology and processing of seasonally adjusted estimates


Accounting for missing data in the Employment Cost Index
Song Yi
http://www.bls.gov/opub/mlr/2006/04/art4full.pdf
[full-text, 6 pages]
Employers do not always provide all the information needed to compile the Employment Cost Index (ECI); new ECI procedures have improved the methods for dealing with missing values


Introducing 2002 weights in the Employment Cost Index
Stephanie L. Costo
http://www.bls.gov/opub/mlr/2006/04/art5full.pdf

Beginning in March 2006, ECI estimates were modified to reflect 2002 employment counts; disruptions to the most-aggregated historical series from this change alone were slight


Report
A visual essay: international labor market comparisons
http://www.bls.gov/opub/mlr/2006/04/ressum.pdf
[full-text, 8 pages]

[excerpt]
International comparisons of labor market and competitiveness indicators, as well as Gross Domestic Product (GDP), provide a snapshot in time of the world economy. The first 3 sections of this visual essay include charts covering 12 selected countries in North America, Europe, and Asia, although not all countries appear on all of the charts because of data constraints. Many of the charts include a weighted average for 15 European Union member countries (EU­15). The EU­15 region comprises the European Union member countries before expansion of the EU to 25 countries on May 1, 2004. The EU­15 countries are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom. Only seven­Germany, the United Kingdom, France, Italy, Spain, Sweden, and Ireland­of the EU­15 countries are charted separately. In the final section of this essay, three charts are presented for five large emerging economies­Brazil, China, India, Indonesia, and the Russian Federation. The United States is included on these charts as a reference point.


_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
*
Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
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# posted by SBasefsky : 4:57 PM




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