World Perspectives

Breaking Down the Data Behind Today’s Big Jobs Report

On Monday, WPI discussed the state of the economy (What is a Recession and Why Does it Matter if We’re In One?). As we wrote, “The whole situation – like COVID and the policy and structural changes that came with it – is unprecedented and still playing out.”  Today’s jobs report illustrates that. As covered in WPI’s report Monday, the Institute for Supply Management (ISM) employment index was “still in the contraction phase, but only barely, at 49.9 percent, but with most manufacturers reporting they are still hiring.” Specifically, that index of 49.9 percent indicated that employment was just 1/10th of one percent below recovering to pre-COVID levels. Officially, as of today&rsquo...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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