Our Favorite Recession Indicator: Next Recession Keeps Moving Further Out by Wolf Richter • May 9, 2024 • 181 Comments It’s time again to look at the trends in claims for unemployment insurance benefits.
Which Industries Lost Jobs, Which Gained Jobs: Longer-Term Employment Trends in Charts by Wolf Richter • May 3, 2024 • 49 Comments New all-time highs: Construction, Professional & Business Services, Healthcare, Wholesale trade. Layoffs whack Information.
Jobs, Wages, Mass Immigration, Full- and Part-Time Workers, Unemployment, Prime-Age Participation Rate, and Multiple Jobholders (who are they anyway?) by Wolf Richter • May 3, 2024 • 71 Comments But the undercount of mass-immigration distorts the household data.
Nothing in the Jobs Report Indicates the Fed Should Cut Rates: Labor Market Plugging Along Just Fine despite 5.5% Rates by Wolf Richter • Apr 5, 2024 • 73 Comments And wages rose at a good clip too.
How the Huge Wave of Immigrants into the US in 2022 and 2023 Impacts the Employment Data of the BLS Household Survey by Wolf Richter • Apr 3, 2024 • 112 Comments The BLS uses the Census Bureau’s understated population estimates that ignore the surge of immigrants. But the CBO’s estimates pick them up.
This Labor Market Is Not Loosening Further: Fed Gets More Reason for Wait-and-See by Wolf Richter • Apr 2, 2024 • 86 Comments But the headlines-grabbing layoff announcements had the effect of calming the churn.
Employment Trends in Manufacturing; Construction; Oil & Gas; Professional & Business Services; Information; Healthcare; Retail; Leisure & Hospitality; Finance; Transportation… by Wolf Richter • Mar 8, 2024 • 99 Comments The Good, the Bad, and the Ugly?
Colossal Churn in the Labor Market Ends: Voluntary Quits, Job Openings, Layoffs & Discharges, and Hires by Wolf Richter • Mar 6, 2024 • 90 Comments The headlines about massive layoff announcements had their intended psychological effect on workers.
Great to Have a Good Job Market with Surging Wages, but Rate-Cut Mania Takes a Hit. And We Fret about Inflation Reheating by Wolf Richter • Feb 2, 2024 • 163 Comments It’s not just the top 10% or whatever who got the wage increases.
Despite Alphabet’s Layoffs at Google, Headcount Increased for Second Quarter in a Row. But the Huge Hiring Binge Is Over by Wolf Richter • Feb 1, 2024 • 47 Comments As Powell said, the labor market is rebalancing; it’s still tight, but it’s not out of whack anymore.
