Our Labor Market Analysis goes beyond conventional unemployment statistics to assess the true health of the job market. We track prime-age (25-54) employment rates, various wage growth measures, and job dynamism indicators like quits and hires to measure labor market tightness.
Labor Market Analysis
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38 Posts
Jun 21, 2019
Labor force entry likely explains between ⅓ to ½ of the rise in US prime-age participation from its recent trough, and that the level and slope of labor force flows suggest prime-age participation may have even further to rise in the absence of exogenous shocks.
Canada shows us that even when PA EPOP is pushed to new highs, wage and price acceleration does not necessarily follow or persist. It is time we rethink the interactions between labor markets and inflation.