pennsylvania when pennsylvania does not increase the minimum and new jersey does? you would think well, maybe if the sort of econ 101 model is correct then you should see employment loss ask new jersey as opposed to pennsylvania. you don t see that. they looked at counties on the border, right? have you these counties that are adjacent each other and looked at restaurants, restaurant employment. exact. i you got a good close match. i mean, the board we are it is fairly porous. you can get a job, you know if you are 15 minutes from the county line and the state line, you can get a job over there. you would imagine that would be the location where the most employment effects would happen. that s right. and what you know, what they found was there was no evidence of job loss for the restaurants on the new jersey side of the border. that was of course, that shored up a lot of controversy. the good news about this case study is as just said, you are
we did see some of the most weather sensitive industries take a hit, construction leisure and hospitality, and restaurant employment. those were two signs that weather did have an effect. now that wasn t the whole story. we did see also decreases slowdown in mining jobs of course off of energy prices that have been slow since mid last year. as well as manufacturing is taking a hit as we have slower overseas growth and fewer overseas buyers for them to sell goods to. if we break down the jobless rate and do so by race very little or no change. how might the new numbers impact the fed s decision to keep interest rates near zero through the summer? the unemployment rate is still looking good in their minds. i think another key factor here and this is something that fed chair janet yellen has been mentioning is wage growth. we did see a little bit of a