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Latest Issues

Employment Revisions Turn Positive

When Good News Becomes Even Better

Over the last few years, reactions to the monthly employment data have often taken a cynical or skeptical air: “Wait until these numbers get revised down.” That skepticism has lingered into 2026, despite...

4 days ago
7
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What's Ahead for a Warsh Fed

Warsh is right to rethink transparency and Fed communication, but his views on monetary policy and a new Fed Accord need work. This piece is the start of a series on the Warsh Fed.

Friday, May 22nd, was Jerome Powell’s last day as Chair of...

7 days ago
3
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More hiring. More layoffs. Why you should be doing more of both.

America's employers may come to regret their hiring freeze.

Two ugly current features of the US labor market are closely related:

a month ago
6
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More Fed Attacks, More Trump Headaches, or Not

It’s starting to feel like President Trump wants Jerome Powell to hang around. It’s either that or he isn’t reading the tea leaves. Increasing political pressure on Powell and the Fed, especially since it’s very unlikely he can force Powell...

2 months ago
4

The Unemployment Rate Is Alright

Not Perfect, but Very Useful.

In last month’s edition of Labor Market Watch, I made the argument that the unemployment rate was a very useful (albeit not perfect) indicator of labor market health:

2 months ago
4
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Authors

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  • Tim Mahedy

    Former Chief of Staff at the Federal Reserve Bank of San Francisco and IMF economist. CEO & Chief Economist @Access/Macro, transforming the way banks and businesses use macroeconomic forecasting and analysis.

  • Guy Berger

    Senior Advisor on Labor Markets at Access/Macro; Workforce Economist in Residence at Guild; Senior Fellow at the Burning Glass Institute. I tweet a lot about labor markets, macro, and (sorry) music! Posts & notes represent my own views.

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