11WallStMar 19
Jobs, Jobs, Jobs
Everything feels boring the day after the FOMC.
We have Jobless Claims today, a piece of data that rarely gives food for thought. They’ve been good lately, at cycle lows, and a quick search on the subject shows that, well, noone has anything interesting to say about it.
So here’s a different angle, one on the labor force, and the ever-declining US workforce participation rate:
The economy's big mystery: Why workers are disappearing from the job market
Ever since the job market began to recover in 2010, the decline in the unemployment rate has come with a big fat…www.washingtonpost.com
Ever since the job market began to recover in 2010, the decline in the unemployment rate has come with a big fat…www.washingtonpost.com
Furthermore, an analysis of (the lack of) wage growth post-recession, suggesting that we are still feeling the effects of past exhuberance, back in 2007, when wages were too high:
Economist's View
Mary Daly and Bart Hobijn of the SF Fed: Why Is Wage Growth So Slow?, by Mary C. Daly and Bart Hobijn, FRBSF Economic…economistsview.typepad.com
Mary Daly and Bart Hobijn of the SF Fed: Why Is Wage Growth So Slow?, by Mary C. Daly and Bart Hobijn, FRBSF Economic…economistsview.typepad.com
And a psychological analysis of the consequences of unemployment you can read if the Philly Fed fails to move markets:
