Monthly employment reports provide crucial snapshots of labor market health, but headline numbers often mask important underlying trends. We assess wage growth patterns to determine whether workers are receiving their fair share of economic growth, and analyze labor force participation rates to identify barriers to employment.
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Employment
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Apr 07, 2023
The data from the March labor market show continued labor market strength. As was true last month, almost all employment-based indicators show improvement from the previous month, even as the general trend of wage growth is downwards. The headline unemployment number fell from 3.6% to 3.5% (as we
Employment
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Apr 06, 2023
What the data tell us to expect this Friday — softer nonfarm payroll growth, a lower unemployment rate and a wage print that will give us an ok first-read on Q1 wage growth ahead of the more robust Employment Cost Index release later this month.
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Labor Markets
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Mar 10, 2023
Labor Markets
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Mar 10, 2023
The data from the February labor market show continued labor market strength. Almost all employment-based indicators show improvement from the previous month, even as the general trend of wage growth is downwards. The headline unemployment number rose from 3.4% to 3.6%, but this was due to a strong
Employment
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Mar 09, 2023
This preview was published two business days ago for our Premium Donor distribution. Consider subscribing if you would like to support our public research and advocacy work, and receive early access to our data release previews. While the economic views expressed here remain unchanged, the policy implications have further cemented
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Mar 07, 2023
Labor Market Recap January 2023: The data from the January labor market show an unequivocally strong labor market. Nearly every indicator from every data source is showing strong employment against a backdrop of slowing nominal price and wage growth. Although the consensus anticipated an uptick, the unemployment rate fell to
