Ma Live Events Coalition

[The Huntington @huntington]

The Huntington Theatre is finally reopening on Monday, October 10th!

To celebrate, please take a look at these gorgeous interior photos taken by @NileScottShots!

new home. new vision. new era.

[State House News @statehousenews]

NEW: Sen. Elizabeth Warren will lead a hearing in Boston on Oct. 14 on the economic impacts of inadequate transit maintenance and oversight that will delve into "management failures" at the MBTA and the Mass. Department of Public Utilities. #mapoli

[Ma Live Events Coalition @maliveeventsco]

I support increased and equitable public investment in arts and culture for all MA residents. Join me today! https://t.co/yeCnqjLshX

[Elisa Stone Leahy MALLORY IN FULL COLOR @ElisaStoneLeahy]

Apparently my kid got in trouble today for PACKING OUR TOASTER IN HIS BACKPACK and pulling it out at lunch to make pop tarts for his class. I can’t stop laughing.

[Mass.gov @MassGov]

In-home vaccinations are available to anyone who cannot travel to a vaccination location. Call [phone] to schedule an appointment for yourself or your loved ones. #COVID19MA

[WSVN 7 News @wsvn]

LIVE: Part of the Rolling Loud stage at Hard Rock Stadium in Miami Gardens has collapsed, just a day before the festival was supposed to kick-off. So far, no injuries have been reported. (Note: No sound from helicopter.) https://t.co/9R5UzBCWWR

[We Make Events North America @WeMakeEvents_NA]

We Make Events North America's Michael Strickland shared some good news with us from his experiences on the road last week!

-Toby Keith went out of the gate first in May, and has been a roaring success ever since. No issues at all.

[Mass.gov @MassGov]

The #VaxBus is on a mission to vaccinate the state. It’s an easy, free, and convenient way to get vaccinated. See it for yourself today until 8pm in @CityBrockton and check out the schedule at https://t.co/deT2OAwJoc #COVID19MA

[Ma Live Events Coalition @maliveeventsco]

Today is the first #MentalHealthAction Day. Take a moment today to take action on your own mental health. Taking action on your mental health can be easy. If you don’t know where to start, take action at https://t.co/f2C0aB6lkF (link in bio).
#mentalhealthmatters #liveeventco

[Kathryn Anne Edwards @keds_economist]

Averages do not predict all individual experiences, but individual experiences do not negate the average.

Employers can have a hard time finding a worker, but the larger trend is that workers have a hard time finding a job.
/n

[Kathryn Anne Edwards @keds_economist]

...a causal link between rising employer skill requirements and the increased supply of available workers."
10/

[Kathryn Anne Edwards @keds_economist]

Again, their words:
"The fact that this natural experiment provides results similar to our basic OLS regressions using the business cycle variation as well as the within firm × job-title fixed effects specifications strongly suggests...

[Kathryn Anne Edwards @keds_economist]

Second, they looked the supply of unemployed workers. This increases in recessions, but it also increases when large numbers of service members discharge. They call this the "veteran supply shock" and use it as a natural, identifying experiment.
9/

[Kathryn Anne Edwards @keds_economist]

In their words:
"For both education and experience requirements, we find a positive and significant relationship between employer skill requirements and labor market slack—even when controlling for the same job title at the same employer in the same state."
8/

[Kathryn Anne Edwards @keds_economist]

I thought they had two really compelling methods to show that this is the case. First, they looked at requirements within-job title within *the same employer* !
7/

[Kathryn Anne Edwards @keds_economist]

The authors show that the demand for more education and experience is driven by the size of the pool of unemployed workers.

It's not that workers don't want jobs, or that the economy has shifted, it's that employers are trying to get more when it's a buyers market.
6/

[Kathryn Anne Edwards @keds_economist]

That shift would certainly explain employers wanting more education and experience (the education and experience lines trending up), but it wouldn't explain why that demand wasn't sustained (the lines falling again).

5/

[Kathryn Anne Edwards @keds_economist]

It's also a pretty common speculation coming out recessions to wonder if the U.S. labor market has shifted in some unalterable way, that unemployed workers don't have the right skills for the the jobs in "Today's Economy," and that we need to retrain or educate more.
4/

[Kathryn Anne Edwards @keds_economist]

These figures are from a paper published last year that examined job postings and state unemployment rates. I highly recommend it.

The authors refer to this trend as "upskilling."
3/
https://t.co/2pUl3uBuFx

[Kathryn Anne Edwards @keds_economist]

It shows the share of job postings that required a bachelor degree (left axis) and the unemployment rate (right axis). The same relationship holds for experience. Here's the share requiring four years or more:
2/