Category
Labor Market
Employment, participation, hiring, and how the US labor market is changing.
32 posts · page 3 of 3
Posts in this category
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Who gets credit for the wage growth of low wage workers?
Last month, I pointed out 7% wage growth at the first decile (10th percentile). The CEA noted this same figure in a recent report, claimi...
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Wage growth is in the pipeline
If you haven’t looked at the US wage distribution recently, you might be surprised to see nominal growth of 7.0 percent in 2019 Q3 and 6....
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Higher employment rates mean higher wages for low-wage workers
Low-wage jobs pay better when the local labor market is tight. This is because an employer who can’t easily replace one worker with anoth...
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Possible pieces of the long-term unemployment puzzle
Top US economists recently shared insights and data on the increase in the share of unemployed who are long-term unemployed. While unempl...
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Student debt explains why wage growth hasn’t caused inflation
The Fed has been raising interest rates because of concern that rising wages will lead to inflation. The problem with this argument is th...
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Answer to gig economy question depends on baseline
The US Bureau of Labor Statistics reported on Thursday that contingent and alternative work was occurring at about the same rate in May 2...
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Can a tight labor market pull young people back to full-time work?
From 2001 to 2013, college enrollment in the US increased rapidly. Young people delayed the full-time work portion of their lives, ostens...
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College degree boom and a changing labor market baseline
The March FOMC meeting minutes, released today, noted that increased education is changing the unemployment baseline: