Federal pay losing ground compared to private sector, report finds

Federal pay losing ground compared to private sector, report finds

Photodisc

The pay gap between government employees and private-sector workers grew by about 8 percent this year in favor of private-sector workers, the Federal Salary Council announced Friday.

FSC, which assesses the locality pay program annually, concluded federal employees earn 34.6 percent less pay on average than their private sector counterparts. In 2011, that number was 26.3 percent.

The council attributes the growing gap to the continued federal pay freeze as well as a new formula the Bureau of Labor Statistics uses to track employment and salary figures. Continue reading “Federal pay losing ground compared to private sector, report finds”

Report on pay comparison between federal and other workers to be released

Report on pay comparison between federal and other workers to be released

The government Friday will release its latest assessment of how federal employee salaries compare with pay for other workers, potentially putting federal pay once again in the election year debate over the cost of the government.

The Federal Salary Council will receive data from the Bureau of Labor Statistics that annually is used to determine the official “pay gap” in some 30 metropolitan zones plus other areas. While by law the figures are supposed to be used in setting federal pay, in practice the raise is determined in the congressional budget process. It already has been decided that pay rates will not increase at least until April 2013. Continue reading “Report on pay comparison between federal and other workers to be released”

Truth About Jobs

Truth About Jobs

By PAUL KRUGMAN
Published: October 7, 2012

If anyone had doubts about the madness that has spread through a large part of the American political spectrum, the reaction to Friday’s better-than expected report from the Bureau of Labor Statistics should have settled the issue. For the immediate response of many on the right — and we’re not just talking fringe figures — was to cry conspiracy.

 

Fred R. Conrad/The New York Times

Leading the charge of what were quickly dubbed the “B.L.S. truthers” was none other than Jack Welch, the former chairman of General Electric, who posted an assertion on Twitter that the books had been cooked to help President Obama’s re-election campaign. His claim was quickly picked up by right-wing pundits and media personalities. 

It was nonsense, of course. Job numbers are prepared by professional civil servants, at an agency that currently has no political appointees. But then maybe Mr. Welch — under whose leadership G.E. reported remarkably smooth earnings growth, with none of the short-term fluctuations you might have expected (fluctuations that reappeared under his successor) — doesn’t know how hard it would be to cook the jobs data.

Furthermore, the methods the bureau uses are public — and anyone familiar with the data understands that they are “noisy,” that especially good (or bad) months will be reported now and then as a simple consequence of statistical randomness. And that in turn means that you shouldn’t put much weight on any one month’s report. Continue reading “Truth About Jobs”

Jobless rate drops to 7.8 percent; economy adds 114,000 jobs

 

By Vicki Needham – 10/05/12 10:28 AM ET

The unemployment rate dipped below 8 percent in September, to 7.8 percent, shaking up estimations of the presidential race and providing welcome news for President Obama just a month before Election Day.

The economy added only 114,00 jobs, yet the unemployment rate still dropped from 8.1 percent to 7.8.

Total employment rose by 873,000 in September, a significant jump that could help explain the drop in the unemployment rate.

The report revised figures up in July and August, and it showed more people are now entering the workforce. This is also the first report to be released since the Bureau of Labor Statistics announced it had undercounted employment for the previous year by 386,000. Continue reading “Jobless rate drops to 7.8 percent; economy adds 114,000 jobs”

Jobless Rate Declines from 8.3% to 8.1%, 96,000 Jobs Added in August

 

09/07/2012; Tula Connell

The unemployment rate declined from 8.3 percent in July to 8.1 percent in August, with 96,000 jobs added last month, according to data out this morning from the U.S. Bureau of Labor Statistics.

The improvement in the unemployment rate was due to workers dropping out of the labor force, not to an increase in employed workers, according to the Economic Policy Institute (EPI).

Jobless rates for adult men stood at 7.6 percent; adult women, 7.3 percent; teenagers, 24.6 percent; white workers, 7.2 percent; African American workers, 14.1 percent; and Hispanics, 10.2 percent—all of these showed little or no change in August. Continue reading “Jobless Rate Declines from 8.3% to 8.1%, 96,000 Jobs Added in August”