That Drop in Consumer Income in May Was a False Recession Alarm by Wolf Richter • Jun 27, 2025 • 29 Comments Wages & salaries rose at a solid pace, but Social Security payments returned to trend after a spike in April due to policy changes.
Excluding Federal Government Jobs, Payrolls Grow by 161,000 in May, Wages Jump, Despite All Moaning and Groaning by Wolf Richter • Jun 6, 2025 • 34 Comments Federal government jobs fell by 22,000, to the lowest share of total payrolls since… whenever.
Hiring in the Private Sector Surges, Despite All Moaning & Groaning about the Economy or Whatever by Wolf Richter • Jun 3, 2025 • 93 Comments Layoffs & discharges as share of payrolls remain historically low: But the immense pandemic-era churn in the labor market has slowed.
As Tech Jobs Plunge in San Francisco & Silicon Valley, Housing Reacts: Condo Prices Drop Back to 2015, Single-Family Home Prices Back to 2018 by Wolf Richter • May 21, 2025 • 94 Comments The massive 10-year home-price spike to 2022 was more than the economy could bear and did a lot of damage, including to employment, as we can see.
Recession Watch: Time to Dig Out Our Favorite Recession Indicator Again by Wolf Richter • May 8, 2025 • 101 Comments Recession talk is swirling densely all over the place, so let’s have a look.
Labor Market Is Just Fine Despite Dropping Federal Government Jobs, Media-Driven Moaning and Groaning, and Tariff Chaos by Wolf Richter • May 2, 2025 • 81 Comments The millions of immigrants that arrived in 2021-2024 finally get picked up in the data for labor force and total employment, which continued to spike.
Despite All Moaning and Groaning: Layoffs & Discharges Plunge, Hires and Voluntary Quits Rise, Driven by Private Sector Strength by Wolf Richter • Apr 29, 2025 • 123 Comments The labor market started regaining momentum in the fall of 2024, and it continued through March.
The Stock Market May Be in Trouble and Consumers May Be in a Sour Mood, But the Labor Market Is Just Fine by Wolf Richter • Apr 4, 2025 • 183 Comments Despite the furor over government job cuts, tariff chaos, and what not.
Underlying Labor Market Dynamics Still Tight Despite Highest Gov Layoffs & Discharges since Census Wind-Down of 2020 by Wolf Richter • Apr 1, 2025 • 15 Comments Hiring Begins to Shift to Private-Sector where Hiring Jumped, while Hiring by Governments Slumped.
Labor Market Dynamics Tighten Further. Job Openings, Quits, Hires Rise, Layoffs & Discharges Drop, Back Fed’s Wait-and-See by Wolf Richter • Mar 11, 2025 • 16 Comments The low point was in September. The Fed faces a scenario of re-accelerating inflation amid a retightening labor market.
