Making Sense Of These Incredible Job Numbers

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class="custom-logo-link" href="https://joshbersin.com/" rel="home" title="JOSH BERSIN | Home page">JOSH BERSIN</a> </p> <p class="site-description">Insights on Corporate Talent, Learning, and HR Technology</p> </div> </div> </div> </div> </header> <div class="container" id="page"> <div class="container-inner"> <div class="main"> <div class="main-inner group"> <main class="content" id="content"> <div class="page-title hu-pad group"> <ul class="meta-single group"> <li class="category"><a href="https://joshbersin.com/category/business-trends/" rel="category tag">Business Trends</a></li> </ul> </div> <div class="hu-pad group"> <article class="post-39599 post type-post status-publish format-standard has-post-thumbnail hentry category-business-trends tag-job-numbers tag-unemployment"> <div class="post-inner group"> <h1 class="post-title entry-title">Making Sense Of These Incredible Job Numbers</h1> <p class="post-byline"> by <span class="vcard author"> <span class="fn"><a href="https://joshbersin.com/author/joshbersin/" title="Posts by joshbersin" rel="author">joshbersin</a></span> </span> · Published <time class="published" datetime="2024-10-04T21:54:41+00:00">October 4, 2024</time> · Updated <time class="updated" datetime="2024-10-04T22:18:01+00:00">October 4, 2024</time> </p> <div class="clear"></div> <div class="entry themeform share"> <div class="entry-inner"> <p>The <a href="https://www.bls.gov/news.release/empsit.nr0.htm">US economy just keeps creating jobs</a> and unemployment went down again. In this video I explain the “story of three curves,” which explains this new economy we live in. I hope this helps you understand what’s going on – it’s all about <a href="https://joshbersin.com/2023/08/welcome-to-the-post-industrial-economy-ai-is-here-to-save-us/">The Post-Industrial Age</a>. Despite this long-term low unemployment rate, inflation remains low.</p> <p>And while some of these jobs are public sector, they include jobs like teachers, nurses, administrators, construction, firefighters, and other workers who support the US economy.</p> <div class="video-container"><iframe title="Understanding The Post-Industrial Economy - low unemployment, high GDP, a new model for management." width="500" height="281" src="https://www.youtube.com/embed/UH45KZM0j6s?feature=oembed&wmode=opaque" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></div> <nav class="pagination group"> </nav> </div> <div class="sharrre-container no-counter"> <span>Share</span> <div id="twitter" data-url="https://joshbersin.com/2024/10/making-sense-of-these-incredible-job-numbers/" data-text="Making Sense Of These Incredible Job Numbers" data-title="Tweet"><a class="box" href="#"><div class="count" href="#"><i class="fas fa-plus"></i></div><div class="share"><i class="fab fa-twitter"></i></div></a></div> <div id="facebook" data-url="https://joshbersin.com/2024/10/making-sense-of-these-incredible-job-numbers/" data-text="Making Sense Of These Incredible Job Numbers" data-title="Like"></div> <div id="linkedin" data-url="https://joshbersin.com/2024/10/making-sense-of-these-incredible-job-numbers/" data-text="Making Sense Of These Incredible Job Numbers" data-title="Publish on Linked In"></div> </div> <style type="text/css"></style> <script type="text/javascript"> // Sharrre jQuery( function($) { //<temporary> $('head').append( $( '<style>', { id : 'hide-sharre-count', type : 'text/css', html:'.sharrre-container.no-counter .box .count {display:none;}' } ) ); //</temporary> $('#twitter').sharrre({ share: { twitter: true }, template: '<a class="box" href="#"><div class="count"><i class="fa fa-plus"></i></div><div class="share"><i class="fab fa-twitter"></i></div></a>', enableHover: false, enableTracking: true, buttons: { twitter: {via: 'Josh_Bersin'}}, click: function(api, options){ api.simulateClick(); api.openPopup('twitter'); } }); $('#facebook').sharrre({ share: { facebook: true }, template: '<a class="box" href="#"><div class="count"><i class="fa fa-plus"></i></div><div class="share"><i class="fab fa-facebook-square"></i></div></a>', enableHover: false, enableTracking: true, buttons:{layout: 'box_count'}, click: function(api, options){ api.simulateClick(); api.openPopup('facebook'); } }); $('#linkedin').sharrre({ share: { linkedin: true }, template: '<a class="box" href="#" rel="nofollow"><div class="count"><i class="fa fa-plus"></i></div><div class="share"><i class="fab fa-linkedin"></i></div></a>', enableHover: false, enableTracking: true, buttons: { linkedin: { description: 'Making Sense Of These Incredible Job Numbers',media: 'https://joshbersin.com/wp-content/uploads/2024/10/2024-10-04_14-47-25.png' } }, click: function(api, options){ api.simulateClick(); api.openPopup('linkedin'); } }); // Scrollable sharrre bar, contributed by Erik Frye. 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( function() { var _fireWhenCzrAppReady = function() { jQuery( function($){ var animationEnd = 'webkitAnimationEnd animationend msAnimationEnd oAnimationEnd', wrapperSelector = '#grid-wrapper', animatableSelector = '.post-inner', animatableParentSelector = '.grid-item', $_container = $( wrapperSelector ); if ( !$_container.length ) return; var $_collection = $( animatableParentSelector, $_container ), $_featured_slider = $('#flexslider-featured'); //Wait for the featured slider ready if any //to avoid elements to be animated too early if ( $_featured_slider.length ) { $_featured_slider.on( 'featured-slider-ready', function() { animateMe( $_collection, $_container, animatableSelector, animatableParentSelector ); }); } //wait for masonry init before animate else if ( $_container.hasClass( 'masonry' ) ) { $_container.on( 'masonry-init.hueman', function() { animateMe( $_collection, $_container, animatableSelector, animatableParentSelector ); }); } else { animateMe( $_collection, $_container, animatableSelector, animatableParentSelector ); } var _event = $_container.hasClass( 'masonry' ) ? 'masonry.hueman' : 'post-load'; //maybe animate infinite appended elements $('body').on( _event, function( e, response ) { if ( 'success' == response.type && response.collection && response.container ) { animateMe( response.collection, $( '#'+response.container ), //_container animatableSelector,//_to_animate_selector animatableParentSelector//_to_animate_parent_selector ); } } ); /* * params: * _collection : an object of the type { id : element [...] } || a jquery object (e.g. list of jquery elements) * _container : the jquery container element or the items to animate, or the selector * _to_animate_selector : item selector to animate * _to_animate_parent_selector : item to animate parent selector */ function animateMe( _collection, _container, _to_animate_selector, _to_animate_parent_selector, type ) { var $_container = $(_container), collection = null; //from array of jquery elements to collection ? //create an array of selectors if ( _collection instanceof jQuery || 'object' !== typeof _collection ) { collection = _.chain( $( _to_animate_parent_selector, $_container ) ) .map( function( _element ) { return '#' + $(_element).attr( 'id' ); }) //remove falsy .compact() //values the chain .value(); } else { collection = _collection; } if ( 'object' !== typeof collection ) { return; } type = type || 'advanced-animation';//simple-animation'; $( wrapperSelector ).addClass( type ); /* * see boxAnimation function in library/js/app.js in the theme you know */ var $allItems = _.size( collection ), startIndex = 0, shown = 0, index = 0, sequential = true; var _simpleAnimation = function( elementSelector ) { $( elementSelector, $_container).find( animatableSelector ).css( 'opacity' , 1 ); }; var _advancedAnimation = function( elementSelector ) { //store the collection index into the element to animate var $_to_animate = $( elementSelector + ' ' + _to_animate_selector , $_container); if ( $_to_animate.hasClass( 'end_animation' ) ) { return;//continue } $_to_animate.attr('data-collection-index', index ); new Waypoint({ element: $( elementSelector, $_container ), handler: function() { var element = $( _to_animate_selector, this.element), parent = $(this.element), currentIndex, isLast; //in case posts are per row the delay is based on the index in the row if ( parent.parent('[class*=grid-cols].row-fluid').length ) { currentIndex = parent.index(); isLast = parent.is(':last-child'); } else { currentIndex = element.attr('data-collection-index'); isLast = false } //testing purpose // element.attr('data-index', currentIndex ); var delay = (!sequential) ? index : ((startIndex !== 0) ? currentIndex - $allItems : currentIndex), delayAttr = parseInt(element.attr('data-delay')); if (isNaN(delayAttr)) delayAttr = 100; delay -= shown; var objTimeout = setTimeout(function() { //replace start_animation with an animation class //the animationEnd routine is needed only because //IS removes not visible nodes (in classical grid and classical blog) //and re-adds them when needed. In the latter case, a new animation //will be triggered, element.addClass('start_animation') .on( animationEnd, function(evt) { if ( element.get()[0] == evt.target ) { element.removeClass('start_animation') .addClass('end_animation'); element.parent(_to_animate_parent_selector).removeClass( 'infinite-doing-animation' ); } }) .parent(_to_animate_parent_selector).addClass( 'infinite-doing-animation' ); shown = isLast ? 0 : currentIndex; }, delay * delayAttr ); parent.data('objTimeout', objTimeout); this.destroy(); },//end handler offset: '150%'//might be tied to a fn() of matchMedia and user choosen grid type in the future }).context.refresh(); //end Waypoint index++; }; //Fire an animation _.each( collection, function( elementSelector ) { if ( 'simple-animation' == type ) { _simpleAnimation( elementSelector ); } else { _advancedAnimation( elementSelector ); } });//end each on the collection };//end animateMe });//jQuery };//_fireWhenCzrAppReady if ( window.czrapp && czrapp.ready && 'resolved' === czrapp.ready.state() ) { _fireWhenCzrAppReady(); } else { document.addEventListener('czrapp-is-ready', _fireWhenCzrAppReady ); } })(); </script> </body> </html>

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