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July 6, 2018 | Author: Josh Wright, Chief Economist

Financial markets declared the June jobs report to be a "Goldilocks" one and promptly returned to their summer slumber, troubled only by fears of escalating trade conflict. That label is only a minor exaggeration. From a trader's perspective, this... Read more

June 30, 2018 | Author: Josh Wright, Chief Economist

In today’s tight labor market, employers are digging deep to bring in traditionally disadvantaged groups – the long-term unemployed and those with less education, among others – but when it comes to geography, it’s still very much a case of winners... Read more

June 1, 2018 | Author: Josh Wright, Chief Economist

The May employment report was less notable for the size of any particular upside surprise than the consistency of its upside surprises and the good news throughout. The rise in employment across the establishment and household surveys was on roughly... Read more

May 31, 2018 | Author: Josh Wright, Chief Economist

Given all the ink that’s been spilled over the debate on skills gaps and the relationship between job openings and hires, it’s surprising how little air time some basic facts have received. If you’ve followed this debate, you’ve no doubt seen some... Read more

May 4, 2018 | Author: Josh Wright, Chief Economist

The April jobs report was nothing if not mixed, with most of the eye-catching action in the household survey. Payroll growth seemed to return to medium-term trends, while the unemployment rate broke to an 18-year low amid some conflicting signals... Read more

April 27, 2018 | Author: Josh Wright, Chief Economist

Amid all the hot takes on the latest wage inflation data, it's easy to proclaim "supply and demand still drive wages" and move on to the next topic -- but to leave it at that would miss a valuable lesson about the labor market. The first quarter... Read more

April 6, 2018 | Author: Josh Wright, Chief Economist

Far from the snoozer that many observers expected, the March jobs report featured a number of surprises. Like the February report, this one deflated the main narrative to emerge from its predecessor – in this case, that job growth was accelerating,... Read more

March 30, 2018 | Author: Josh Wright, Chief Economist

Here's a data point to keep your eye on in the March jobs report: job leavers. After several years of scouring for alternative measures of labor market conditions, one might expect this measure to have gained more prominence, but it remains deeply... Read more

March 21, 2018 | Author: Josh Wright, Chief Economist

The March FOMC was a quiet turning of the guard, and by all signs, that's exactly what the Fed wanted. This was Chair Powell's first meeting in his new leadership role, and it delivered few enough surprises for the financial markets to remain calm. Read more
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