In CBO’s projections, the U.S. population increases from 342 million people in 2024 to 383 million people in 2054. Net immigration increasingly drives population growth, accounting for all population growth beginning in 2040.| Congressional Budget Office
In March 2023, the U.S. labor market continued its rock solid push forward, with 303,000 more jobs and the unemployment rate back down to 3.8%. Are there cracks below the surface? Not really.| stayathomemacro.substack.com
The Sahm rule has gotten more attention recently and predictably that has come with questions about who created it. I did. Now is a good opportunity to talk about on macro tools in general.| stayathomemacro.substack.com
Measure of the wage growth of individuals. It is constructed using microdata from the Current Population Survey (CPS), and is the median percent change in the hourly wage of individuals observed 12 months apart.| www.atlantafed.org