Archive for the ‘Jobs’ Category

Wage (and price) update

May 11th, 2016

Though last Friday’s jobs report came in a bit under expectations, many analysts, myself included, noted that (nominal) wage growth has picked up in recent months. That is both expected and precisely as it should be. As the job market tightens, employers should have to bid wage offers up more to get and keep the… Read more

Statistical nerds, your nation needs your help!

April 19th, 2016

As OTE’ers know, I have long lobbied for being as explicit as possible about the uncertainty in our economic estimates and forecasts. Which is why I was very happy to get this survey from the Bureau of Labor Statistics today, asking whether they should present the monthly payroll jobs number (the net gain/loss of payroll employment)… Read more