Labor Markets
129 postsLabor 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.
May 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...
Participation and the Post-Pandemic Labor Market: Pre-Pandemic is not the Ceiling
Contrary to the expectations of Fed officials, labor force participation growth has been strong over the last six months. In this piece, I use Current Population Survey microdata, correct for measurement issues, and show that an increase in labor force entry played a significant role in this recent…
