World Perspectives

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in economic activity. That lead to all kinds of distortions, many may still be on-going.  Nonfarm payrolls increased 339,000 in May, easily beating the consensus expected 195,000 jobs. However, on the other hand, civilian employment, an alternative measure of job growth that includes small business start-ups, declined 310,000 in May. Not only have the two measures diverged, but the gap is at its widest since the COVID pandemic. What does this mean?...

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From WPI Consulting

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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