The Four Monster Service Sectors whose Sales Dominate the US Economy by Wolf Richter • Jun 16, 2023 • 166 Comments Their huge sales, dizzying growth rates, and high pay-scales move the needle.
Why Jobs in Retail Are at 2007 Levels: It’s Structural. Jobs in Ecommerce & Services Boomed but Aren’t in “Retail Trade.” And Half of Retail Trade is Moribund by Wolf Richter • Jun 5, 2023 • 84 Comments Walmart U.S. gave us some color: ecommerce sales +27%; grocery sales +12%; non-grocery brick-and-mortar sales -10%.
Long View of Job Growth by Industry. And the “Multiple Jobholders” Question by Wolf Richter • Jun 3, 2023 • 134 Comments To shed some additional light on the jobs report.
Landing Got Cancelled: Job Market Still at Cruising Altitude with Some Bumps by Wolf Richter • Jun 2, 2023 • 229 Comments Even Wage Growth for Nonsupervisory Workers Accelerated. Powell is scratching his head, after all the rate hikes.
Still an Astonishing Labor Market: Very Tight or Getting Even Tighter in Some Sectors, Getting Less Tight in Others, Not Loose Anywhere, Despite the Rate Hikes by Wolf Richter • May 31, 2023 • 67 Comments Powell is going to mention this with some frustration in his voice.
The Landing Has Been Cancelled. Labor Market is Flying at High-ish Cruising Altitude by Wolf Richter • May 5, 2023 • 244 Comments Even employment in Information has been rising for months despite layoff announcements, after a dip last year. Month-to-month wage growth re-accelerated.
Companies Rebalance their Workforce after the Excesses: Still the Most Astonishing Labor Market by Wolf Richter • May 2, 2023 • 69 Comments Before the ink even dried on the layoff announcements, tech and social media companies are already hiring again?
The Fed Isn’t Having a Lot of Luck Cooling this Labor Market by Wolf Richter • Apr 7, 2023 • 215 Comments This is still an astonishingly tight labor market: astonishing because the Fed has hiked rates for a year and not much has changed.
Unemployment Insurance Claims Still at Good-Times Levels as Gone-Awry Seasonal Adjustments Get Fixed by Wolf Richter • Apr 6, 2023 • 55 Comments Labor market that’s less tight, where it takes a little longer to find a new job, similar to the Good Times before the pandemic.
This is Still the Most Astonishing Labor Market: Job Openings, Hiring, Voluntary Quits, Layoffs & Discharges by Wolf Richter • Apr 4, 2023 • 75 Comments Still lots of churn as workers arbitrage the tight labor market for their benefit. Back to “normal” a long way off.
