Someone’s impersonating me on here.

I’d appreciate it if people could block and report @nick_bunker_

The pullback in the hiring rate is more a sign of reduced churn than a big pullback in labor demand.

Two nice graphs from Manuel Abecasis at GS

Job postings continue their glide path downward.

The Indeed Job Postings Index is down 29% since the end of 2021, but still almost 17% from pre-pandemic levels as of April 12th.

I was just the Under Secretary for Economic Affairs at the U.S. Commerce Department. Here's the economic research that was really helpful to us.

(Thank you Matthew Yglesias for the opportunity to guest-post!)

slowboring.com/p/the-economic…

Imminent recession, don’t hear much about that these days

Every profession should have its own version of the green jacket.

Jordan Spieth is gonna need an extra episode of Bluey today

So excited to announce that @natasharsarin and Danny Yagan and I are launching @the_budget_lab at Yale Law School. Budget scoring is an incredibly important part of the policy process and our hope is to bring a new perspective, with a focus on innovation and transparency. 1/

About 4% of job postings advertised a signing bonus in March. That's down from the peak of 5.4% in Aug 2022, but still more than double pre-pandemic rates.

🚨 📉 NEW: Indeed's US Labor Market Update for April 2024 from Allison Shrivastava.

Overall posted wage growth is back to pre-pandemic levels, but close to half of sectors are still elevated including childcare hiringlab.org/2024/04/11/apr…

Solid drop in the Atlanta Fed's Wage Growth Tracker, down to 4.7%.

Still elevated, but its lowest level since Dec 2021.

I long for the days when I didn't have to think about PPI releases

Consumer prices are growing faster than the wages employers advertise in job postings on a year-over-year basis for the first time since last January.

Another sign that a wage-price spiral is unlikely, but also a sign that real wage growth could be crimped moving forward.

Claudia Goldin was a clue on Jeopardy! tonight

I always enjoy talking about the labor market w/ Julia Coronado so it was particularly fun to talk about such a great report.

More like March, please!