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.
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.
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...
This monitor is a reflection of how we update our assessments of economic growth in real-time as we get meaningful updates from macroeconomic data releases. It provides a...
