Economix: College registration easily fell in the year 2010

The proportion of the recent high school graduates enrolled easily fell into the school from October after her graduation in 2010, according to a new report by the Ministry of labour.

68.1 Percent of graduates were enrolled by October the high school class of 2010 College. The comparable proportion for high school class in the previous year was 70.1%.

Registration rates than those of previous decades had both classes, higher College:

Source: Bureau of Labor Statistics

As you can see, part of high school graduates who immediately go in College has increased the influx of women in the nation institutions of higher education especially due to the over the years. In the past year college the last high school graduates were registration among women, which was 74%, and it was 62.8% for men.

Other temporary factors - such as the business cycle or a conscription - decisions seem young people influence go to College. For example, the weak economy can help, explain, why chose a record to register share of high school graduates in College in the year 2009.

Last year there were great differences in the College registry among different ethnic groups. The highest rate of College registration under new high school graduates, 85 percent had students of Asian heritage. This group was followed by white students (68.6%), black students (61.4%) and Hispanic students (59.6 percent).

See all the recent high school graduates, College attended the unemployment rate was 22.8 percent. The unemployment rate was higher for those who had enrolled in the school, 33.4 per cent. Note that jobless rate reflect only the people actively looking for work.

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Economix: 5 questions for today's jobs report

The Ministry of labour will publish March jobs report at 8:30 am. My colleague Michael Powell posted his preview of the report earlier tonight. These are the five things that I will be looking to first:

(1) Has the current turbulence - employer spooked the oil prices, Japan, Portugal, State and local cuts?

In the last three months (December to February) now data is, the economy added 135,000 jobs per month. This was almost exactly the growth dynamics of job in the spring of 2010, before a combination of events - Europe's debt problems, in particular - stopped rest in its title.

Is the year's recovery at risk similar? A gain of 200,000 or more jobs in March, would suggest that no. closer would provide A reinforcement to worry about 100,000.

2. Is there reason to believe, that Ministry of labour employment growth might be undercounting?

The above figures refer to the Government estimate the increase in employment based on his survey of the employers. But the Government surveys households each month. In General, the employer survey is more accurate, because it is much larger. Turning points the household survey can but more precisely, because survey often fails the employer, to record the creation of new businesses (or the closure of failed ones).

Now one can be this turning points. According to the household survey, the economy has added 221,000 jobs - not 135,000 - a month in the last three months. Remember that the economy needs 150,000 jobs a month to keep only create population growth thinking.

So, employers as well as the household survey are worth a visit on Friday. In particular, pay attention to the change of the number of workers according to the household survey - and not the unemployment rate, which can by the number of people that are distorted on the search type to work.

3. What happens to wages?

Although the labour market is so weak as it is now, are the vast majority of people who want to work, has in fact, of course. For her role, wage developments likely more than unemployment trends.

From February 2009 to February 2010 average hourly wage rose began only 1.7 percent, the slowest annual growth since before the recession. Rising oil and food prices caused annual inflation now have to 2.2 per cent, which means that most workers an effective pay took cutting last year to achieve. While most of this downturn, however, workers jobs next increases obtained.

Joseph H. Ellis, an author and former Goldman Sachs analyst, argued that pay the wages the single best predictor of consumer spending. In February, the average hourly wage rose just one cent to $22,87. A monthly increase of at least 4 cents - translation at an annual pace of more than 2 per cent - would be much more welcome.

4. Existing staff work more hours?

The average length of the work week in the private sector has in fact 34.2 hours since May last year (with slight variations here and there) glued. June 2009 to May 2010, before the recovery from, into the ground to a halt the news was much better: the work week rose to 34.2 hours, from a low of 33.7 hours.

If the work week increases in March, it will propose that companies have more business - and that several of them are more workers on the verge of hiring.

5. How are the underemployed and unemployed in the absence of hard core?

You have been the source of some of the most encouraging news lately. To 8.3 million in February fell by 9.5 million in September 2010, the number of people, part-time work, because she couldn't find full-time work. And less than 6 million in February, was the number of people who have unemployed 27 weeks from a peak of 6.7 million in May 2010. Further progress in March?

One last thing: in a typical month, the Ministry of labour changes to the last two months of data - January and February in this case - are important not to overlook. You are certainly on Friday of importance. But I think they are less than usual of importance.

The overarching question will be whether the recent economic and political turmoil has created new problems in the labour market.

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