Labor Market Recap May 2023: Renormalization
The data from the May labor market shows continued renormalization of the labor market, with strong employment, continued slowing of wage growth, and reduced churn.
Employment
55 postsLabor Market Recap April 2023: The Pre-Pandemic is Not Our Ceiling
We are now at the point where many labor market utilization numbers—unemployment, employment, participation, full-time employment—are beyond pre-pandemic levels. We shouldn’t treat 2019 as a goal to return to; new highs are both possible and desirable.
Paid-members
April Jobs Day Preview
What the data tell us to expect this Friday — softer nonfarm payroll growth, a higher unemployment rate and a potential for permanent job losers to rise.
White-Collar Layoffs are Starting to Show Up in the Household Survey
In our labor market recap for March 2023, I described the state of the labor market as “a goldilocks labor market, with strong employment, increasing labor supply, and...
