The last decade has seen considerable concern regarding a shortage of science, technology, engineering, and mathematics (STEM) workers to meet the demands of the labor market. At the same time, many experts have presented evidence of a STEM worker surplus. A comprehensive literature review, in conjunction with employment statistics, newspaper articles, and our own interviews with company recruiters, reveals a significant heterogeneity in the STEM labor market: the academic sector is generally oversupplied, while the government sector and private industry have shortages in specific areas.

A study based on the American Time Use Survey finds that, although native-born and immigrant youths pass their days in similar ways, Latino and Asian immigrant youths spend more time studying and less time in paid employment than do native-born youths; more time devoted to study may be a mechanism by which immigrants achieve educational mobility.

An analysis of the 1994-2005 projections can be used to identify industries that are projected to move differently with business cycles in the future than in the past, and to identify the industries and occupations that are most prone to business cycle swings.

Overall job gains were moderated by losses in nondurable goods manufacturing and Federal employment; declining unemployment was tempered by persistent long-term joblessness.

Upcoming modifications are designed to capture current service delivery patterns, reimbursement methods, and payment sources for hospital visits, rather than what the hospital charges for individual treatment inputs; the result will be an index that better reflects price changes in the dynamic health care field.

As the pace of economic activity moderated in 1995, job growth slowed. Nonetheless, it was enough to absorb the small increase in the supply of labor, with the result that the unemployment rate remained at about the same level it had reached at the end of 1994. In the first quarter of 1995, employment grew at a brisk pace but, as the economy began to slow, job gains fell sharply. Employment growth continued at a much more moderate pace for the balance of the year, so that, by the fourth quarter, nearly 1.9 million jobs had been added to the Nation's payrolls. By comparison, in the fourth quarter of 1994 alone, payroll employment had grown by 1.1 million. Most of the job gains in 1995 were in the services industry group. Manufacturing employment, which had been rising since the fall of 1993, began to decline in the spring, and by the end of 1995, that industry group had lost nearly a quarter of a million jobs. Employment increased in most of the other major industry groups, even though declines in some of their component industries partly offset gains in others.