Experts in Economics & Statistics

A consistent choice for industry leading companies
and the nation's preeminent law firms for over 40 years.

03 Oct 2014

The Welch Consulting Employment Index increased from 97.3 to 97.5 between August and September as the official unemployment rate fell below 6% and full-time employment increased by 671,000 – the largest one month increase in two and a half years.  The Welch Index measures full-time equivalent employment, adjusting for population growth and the aging of the workforce.

Learn More
09 Sep 2014

The unemployment rate has fallen from 9.0% to 6.1% in the past three years, but the official jobless rate under-estimates labor market slack because jobless workers who have given up looking for work are not counted as unemployed.  Five years into an economic recovery today’s unemployment rate is historically high, after accounting for the changing demographics of the U.S. labor force.  While the unemployment rate is just 0.1% higher than it was 35 years ago, when President Jimmy Carter had an approval rating of just 33%, this difference understates the weakness of today’s labor market in comparison to 6% unemployment rates in the 1970’s and 1980’s.

Learn More
05 Sep 2014

The Welch Consulting Employment Index increased slightly, from 97.2 to 97.3, between June and July as the official unemployment rate decreased slightly from 6.2% to 6.1%.  The Welch Index measures full-time equivalent employment and shows that, adjusted for population growth and the aging of the workforce, full-time equivalent employment has been roughly constant over the past five months.  The Welch Index is about 1.1% higher than it was one year ago.  In the past year full-time employment has increased by about 2.2 million, while part-time employment has declined by 100,000.  The Welch Index is based on the BLS household survey (the Current Population Survey).

Learn More