Wages
40 postsRevision Whiplash: Why Coverage of Nonfarm Payroll Growth Is Messy, And How To Track Underlying Growth Better
Summary The main purpose of real-time macroeconomic data releases is to track the evolution in the underlying growth rate of economic activity. The precise levels of employment, wages,...
Labor Market Recap August 2023: How Much Slowing is Left?
The August 2023 labor market data points to a labor market that, while strong and not recessionary, is certainly slowing down more starkly than earlier this year. The...
It's About The Supply-Side: How The Phillips Curve 'Motte-and-Bailey' Misses and Misspecifies Inflation Dynamics
Summary Inflation and interest rates remain high enough that now is not a time for 'soft landing' victory laps, but the growing and broadening evidence of...