
A data-driven look at US labor markets
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Reminder: on Friday at 9 AM PT / 12 PM ET, Kathryn Anne Edwards and I will be live-chatting about the August jobs data.
TL;DR: The last round of alternate data prior to the August jobs report looked mediocre, portending a “blah” jobs repor...
Reminder: on Friday at 9 AM PT / 12 PM ET, Kathryn Anne Edwards and I will be live-chatting about the August jobs data.
TL;DR: The August jobs report is likely to be mediocre, with low (but positive) employment growth and a small increase...
Reminder: on Friday at 9 AM PT / 12 PM ET, and I will be live-chatting about the August jobs data.
TL;DR: The July JOLTS data was mediocre (as expected), with declines in both hiring and layoffs.
This post covers:
TL;DR: With the improvement in labor markets slowing and possibly stalling, further upside to hiring will be limited in July.
More below chart.
During the 1st half of 2026, we saw a modest recovery in US labor markets. Employment growth p...
TL;DR: The preliminary estimate of next year’s benchmark revision to nonfarm payroll employment was modestly negative, a little worse than I expected but much smaller than the big revisions of the prior two years.
More below.
Coming into...
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The writers behind this newsletter.
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.
Labor economist, policy consultant, opinion writer at Bloomberg, and economics creator.
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.
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