Showing posts with label Mark Muro. Show all posts
Showing posts with label Mark Muro. Show all posts

Friday, 22 July 2016

Look to advanced industries to help drive productivity gains (Mark Muro, Brookings)

The nation’s persistently weak productivity growth continues to cast a pall. Without faster gains neither the middle class nor the less well-off will see an increase in standard of living or sufficient income growth. And yet, little consensus exists on what to do about the problem, or whether much can be done.

http://www.brookings.edu/blogs/the-avenue/posts/2016/07/21-productivity-gap-advanced-industries-muro

Wednesday, 11 May 2016

Hacking the advanced industries skills system (Mark Muro, Brookings)

Waves of digital technology are remaking America’s advanced industries—those industries like auto, aerospace, and medical device manufacturing that depend on high levels of R&D investment and sizable STEM-knowledgeable workforces. A sign of the times: More software application developer job openings were posted in Michigan in the last five years than mechanical engineering jobs, according to Brookings analysis of data from Burning Glass Technologies.

http://www.brookings.edu/blogs/the-avenue/posts/2016/05/10-advanced-industries-skill-system-muro

Tuesday, 26 April 2016

Tuesday, 19 April 2016

Permanent trust funds: Funding economic change with fracking revenues (Devashree Saha, Mark Muro, Brookings)

The recent boom and bust of unconventional oil and gas development, or “fracking,” has reopened serious questions about resource management in many U.S. states. While the oil and gas boom generated revenue, jobs, and economic development, the recent bust has adversely impacted state budgets due to declining industry investments in exploration and production and job cuts.

http://www.brookings.edu/research/reports/2016/04/19-permanent-trust-funds-fracking-revenues-saha-muro

Monday, 18 April 2016

Adjusting to economic shocks tougher than thought (Mark Muro, Brookings)

The mathematical models of economic theory have always sacrificed a bit of on-the-ground accuracy for what has been assumed to be a larger measure of insight. Work on how local labor markets respond to shocks like mass layoff events and recessions is a case in point. While the near-term pain of these shocks has raised more and more questions, the conventional wisdom of a relatively benign “adjustment” period over the medium-term has largely survived. The general consensus: Workers and local economies will adjust. Dislocated workers will leave distressed regions and move to healthier ones. Jobless rates will revert to the mean.

http://www.brookings.edu/blogs/the-avenue/posts/2016/04/18-economic-shocks-muro

Thursday, 14 April 2016

Busted: State budgets feel fracking crash (Devashree Saha, Mark Muro, Brookings)

A pump jack is seen on an oil field near Bakersfield on a foggy day, California January 17, 2015.

In a previous blog, we showed how declining oil and gas rig counts portend more job cuts in the fracking patch. Now let’s look at the budget side of the problem, which provides more evidence that resource extraction-oriented states really do need to “remake economic development,” as our colleague Amy Liu has written.

Wednesday, 16 March 2016

Rigged: Declining U.S. oil and gas rigs forecast job pain (Devashree Saha, Mark Muro, Brookings)

Oil and gas prices remain at rock-bottom, and the job impacts are growing. Bureau of Labor Statistics data report that employment in oil and gas extraction and support activities in the country has contracted by 18 percent over the past year alone.

http://www.brookings.edu/blogs/the-avenue/posts/2016/03/16-declining-us-oil-gas-rigs-saha-muro

Friday, 19 February 2016

Building manufacturing communities for the long haul (Mark Muro, Brookings)

The National Network for Manufacturing Innovation (NNMI) institutes have rightly emerged as centerpieces of the nation’s push to increase the competitiveness of America’s advanced manufacturing sector. Through the program the nation is slowly building a robust network of industry-university collaboration hubs. If all goes well the centers will soon solve critical manufacturing technology problems and drive necessary American gains in advanced manufacturing.

http://www.brookings.edu/blogs/the-avenue/posts/2016/02/18-building-manufacturing-communities-muro