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In 2020, Opportunity & Inclusive Growth Institute scholars conducted research on diverse topics, from Covid to urban growth to taxes. Each day, we will revisit a 2020 #OIGI working paper in this thread. For the first time, it’s an #OIGI Year in Review! 1/
In a prescient Feb paper, Osotimehin & @LatchezarP looked at how price distortions in one industry affect economic conditions in other industries, a finding relevant to the pandemic economy, when many industries faced significant disruption. Summary at
minneapolisfed.org/article/2020/h… 2/
minneapolisfed.org/article/2020/h… 2/
When the Covid pandemic hit, #OIGI scholars started studying how the health and economic crises were impacting different people, places, and industries. 3/
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?
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
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@realDonaldTrump
web.archive.org/web/2017061207…
@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
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
