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.
Jobs Day
54 postsMay Jobs Day Preview (Public Version) - Will There Be Reason For The Fed To Deviate From A June "Skip"?
This preview was originally published two days ago. It has been updated to reflect the additional information from JOLTS and the flurry of Fedspeak yesterday. Baseline View Slower...
Labor 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.
