Relevant and even prescient commentary on news, politics and the economy.

JOLTS report for June amplifies likelihood of substantial downturn in job growth, upturn in unemployment

JOLTS report for June amplifies likelihood of substantial downturn in job growth, upturn in unemployment Before we get to the JOLTS report for June, which was released this morning, I wanted to make a point about the overall trend in employment. Because, the two best short leading indicators for employment and unemployment are both pointing […]

With Omicron raging, the pool of potential employees refuses to fill, meaning more record wage gains

December JOLTS report: with Omicron raging, the pool of potential employees refuses to fill, meaning more record wage gains The Census Bureau has started to release the JOLTS report earlier in the month. So we got December’s report yesterday as opposed to in a week or two.   Last month I introduced the idea of […]

PSA: FRB St. Louis Webcast Tonight, and Some from History

The Federal Reserve Bank of St. Louis, without whose FRED database and Excel Add-in Economics Bloggers (and Matt Yglesias) would be Even More Boring, has been running a series of Discussions explaining why the Fed is incompetent—er, Why They Don’t Follow Their Dual Mandate—er, well, something about how They’re Doing The Best They Can.* The […]