Archive for the ‘Jobs’ Category

What’s UP with wages?

July 12th, 2016

I stumbled on three, count ‘em, pieces on wage growth in the papers this AM. –Catherine Rampell on recent wage growth and how it might help the incumbent party keep the White House. –Starbucks says the tight job market is leading them to increase compensation. –JPMorgan Chase’s Chairman Jamie Dimon is giving his employees a… Read more

References/Links to stuff you might like: recession, race, and trade

July 11th, 2016

First, the NYT’s Room for Debate series asks the important question: Are we ready for the next recession? As OTE regulars know, I say “no,” based on monetary policy, fiscal policy, and politics (otherwise, we’re fine…). I enjoyed other entries that stressed the importance of direct job creation programs, which make a lot of sense, especially… Read more

Jobs day tomorrow

July 7th, 2016

I know I always say this but coming off of last month’s extremely weak report, this is an important one. The key word is “bounceback.” Consensus expectations are for 180,000 on payrolls and for the unemployment rate to tick up to 4.8%. My model says 150K, fwiw, which ain’t much (not being self-deprecating; that holds for… Read more