Discover and read the best of Twitter Threads about #jobsday

Most recents (9)

NEW data from @BLS_gov - the unemployment rate in September fell 0.2 p.p. to 3.5 percent, its lowest rate in over half a century. #jobsday
The #unemployment rate for Hispanic-Americans reached a historic low of 3.9 percent. African American unemployment held steady at its record low of 5.5 percent.
In the 34 months since @realDonaldTrump was elected, the #economy has created more than 100,000 jobs in 31 of those months and added 136,000 jobs in September.
Read 4 tweets
I'm not looking at anything terribly obscure for #JobsDay.

Biggest question is whether recent trends in payroll growth stay above pace with population/labor force growth.

We'd need around +110K/month to keep up with population. Most recent 3M average is +156K.
In light of the weak ISM Manufacturing number, it will also be worth keeping an eye on manufacturing, though jobs growth has clearly already weakened there YTD.
Will want to see if Aug's sharp uptick in prime-age employment stays elevated in September. August's rise erased all of the losses in prime-age EPOP year to date. It was outside the margin of error, which means at least some of that rise was signal, but it may retreat some in Sep
Read 6 tweets
Chart time!
(Starting a new thread, but my original #jobsday tweets are here:
)
First up: Monthly growth slowed a bit in August, but the six-month average actually ticked up slightly.
Bigger picture: Hiring has slowed meaningfully from last year, but the durability has been impressive (107-straight months!).
Census hiring added 25k jobs, so private hiring was weaker. No question that job growth has slowed.
Read 23 tweets
THREAD—Black workers endure persistent racial disparities in the job market epi.org/publication/la…
"Black workers are twice as likely to be unemployed as white workers overall (6.4% vs. 3.1%). Even black workers with a college degree are more likely to be unemployed than similarly educated white workers (3.5% vs. 2.2%).
When they are employed, black workers with a college or advanced degree are more likely than their white counterparts to be underemployed when it comes to their skill level—almost 40% are in a job that does not require a college degree, compared with 31% of white college grads.
Read 5 tweets
Happy #JobsDay! 8:30 ET @BLS_gov delivers most important signals abt how economy is changing.

Expectations: +185K jobs. If >0, longest streak of monthly job creation on record to 103 months (graph).

Unemployment flat at 3.8%.

Accelerating wage growth?
I worked as CEA senior economist for labor in 2016-‘17. Briefed @WhiteHouse & SecLabor @tomperez & @SecretaryAcosta on #JobsReport monthly. I was honored to serve American people

@barackobama
obamawhitehouse.archives.gov/administration…

@realDonaldTrump
web.archive.org/web/2017061207…
Most important stat for families: wage growth. Measures how economic change affects our earning power.
Last month, average hourly earnings up 3.2% over year.
# jobseekers (red line) fell until 2 months ago.
# job openings (blue) up since '09.
Tightening accelerates wage growth
Read 26 tweets
In honor of #InternationalWomensDay (and inspired by @kathryncasteel), a short and woefully incomplete thread of women who’ve inspired me in journalism.
Starting with @ForsythJenn, the best editor I’ve ever had (and I’ve had some great ones!), who taught me more than she’ll ever know, and whose team @WSJ is generating huge story after huge story.
@andreaskaren & @HelenGiffordSN gave me my start in journalism (and forgave me when I made some big mistakes), and stood up for their reporters no matter what.
Read 12 tweets
U.S. employers added 155k jobs in November, the 98th straight month of growth. The unemployment rate held at 3.7%, a multi-decade low. #jobsday
nytimes.com/2018/12/07/bus…
Average earnings up 6 cents/hour, 3.1% over the past year. That's the same year-over-year rate as last month, when wage growth was supposedly artificially inflated by hurricane effects.
October's strong number was revised down a bit, but September up very slightly. Net downward revision of 12k.
Read 18 tweets
Happy #JobsDay! 8:30 ET @BLS_gov delivers most important signals abt how economy is changing

Expectations:
+208K jobs. If >0, extends longest streak of monthly job creation on record to 8 years+1 month (graph). Progress so steady over so many years.

Big question: wage growth?
I worked as CEA senior economist for labor in 2016-‘17. Briefed @WhiteHouse & LaborSec on #JobsReport monthly
carlsonschool.umn.edu/news/aaron-soj…

I was honored to serve American people:
@barackobama
obamawhitehouse.archives.gov/administration…

@realDonaldTrump
web.archive.org/web/2018050822…
Public servants toiled all month surveying abt 200K bizs + individs, crunched data & made #JobsReport stats for us. Thanks @BLS_gov! Read @ryan_d_nunn @dwschanz @MichaelRStrain
brookings.edu/research/in-or…
Read 25 tweets
Happy #JobsDay #JobsReport!

Expectations:

+200K jobs. If >0, that’d extend longest streak of monthly job creation on record to 93 months. So steady for so long (graph).

Unemployment expected to tick even lower: 3.8%.

Big question: wage growth?
I worked as @WhitehouseCEA senior economist for labor in 2016-‘17. Briefed @WhiteHouse & LaborSec on #JobsReport monthly

I was honored to serve American people:
@barackobama
obamawhitehouse.archives.gov/administration…

@realDonaldTrump
web.archive.org/web/2018050822…

Now I brief u!
At 8:30ET, we get the most-important read on economic change, especially for working families.

Public servants toiled all month surveying abt 200K bizs + individs, crunched into #JobsReport stats. Thanks @BLS_gov!

@ryan_d_nunn @dwschanz @MichaelRStrain
brookings.edu/research/in-or…
Read 26 tweets

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