A Bonus “Most Important Story” for 14-Nov| entertainment.substack.com
A Policy Hub: Macroblog post explains why we placed our Wage Growth Tracker (WGT) on hiatus--and what it means for the WGT going forward.| www.atlantafed.org
The surge in wage growth experienced by the U.S. economy over the past two years is showing some tentative signs of moderation. In this post, we take a closer look at the underlying data by estimating a model designed to isolate the persistent component—or trend—of wage growth. Our central finding is that this trend may have peaked in early 2022, having experienced an earlier rise and subsequent moderation that were broad-based across sectors. We also find that wage growth seems to be mod...| Liberty Street Economics
It’s Jobs Week.| stayathomemacro.substack.com
At no other point on record have sellers outnumbered buyers this much. Home prices will likely fall as a result.| Redfin Real Estate News
Mortgage rates are forecasted to stay elevated near 7%.| Redfin Real Estate News
Goods inflation was already accelerating while job churn had stopped falling. Also: watch out for upward revisions to healthcare inflation.| theovershoot.co
More than half of those who found a new, better-paying job over the past 12 months say they’re worried about their job security.| Bankrate
Recessions are always inevitable, but they’re even more likely when U.S. central bankers are actively taking steam away from the financial system.| Bankrate
US Productivity Growth is Booming and Massively Outshining its Peers—Here's How| www.apricitas.io
Experts are saying consumers and businesses could already be feeling the pinch of stagflation, as the economy slows but inflation stays hot.| Bankrate
A more productive conversation about raising workers’ wages and immigration policy, by American Compass's Oren Cass.| American Compass
The current labor market is one of only two since 1979 with sustained wage pressures for low-wage workers| www.briefingbook.info
It's slowing down, and receding as a macroeconomic concern| www.briefingbook.info
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
LinkedIn has seen a 14% increase in job applications per opening since last fall, with 85% of U.S. workers saying they plan to look for a new job in 2024.| CNBC
A look at whether unexpected costs, such as energy, drive up the cost of living and result in workers demanding higher wages, contributing to inflation.| Liberty Street Economics
Under Biden best job market since 1960s, lowest uninsured rate ever| www.hopiumchronicles.com
Wage growth has moderated notably following its post-pandemic surge, but it remains strong compared to the wage growth prevailing during the low-inflation pre-COVID years. Will the moderation continue, or will it stall? And what does it say about the current state of the labor market? In this post, we use our own measure of wage growth persistence – called Trend Wage Inflation (TWIn in short) – to look at these questions. Our main finding is that, after a rapid decline from 7 percent at i...| Liberty Street Economics
That's down from 21% in 2022 and over 40% before the pandemic homebuying boom. Fortunately, housing affordability is expected to improve in 2024.| Redfin Real Estate News
Real wages took a hit for the first couple of years of the Biden administration.| People's Policy Project
Yes, But Here's Why That Question is Harder to Answer Than You Might Think| www.apricitas.io
The number of people who quit their jobs in January tapered but hovered near November's record level, according to the U.S. Department of Labor.| CNBC
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