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The @BLS_gov just released their monthly #JobsReport! @equitablegrowth's @LipstickEcon & @AustinClemens2 dig deeper into the data with our monthly #JobsDay charticle. Here we go! (1/6)
1. Prime-age employment-to-population ratio increased to 80.6% in Jan. reflecting a healthy labor market 10 years into the expansion. (2/6) #JobsDay
2. Topline unemployment, also known as U3, edged up slightly from 3.5% to 3.6%, and underemployment, or U6, increased from 6.7% to 6.9%. #JobsDay (3/6)
3. Wage growth remains tepid at 3.1% year-over-year, despite a low unemployment rate and more jobs being added to the labor force. #JobsDay (4/6)
4. The proportion of unemployed workers who have been out of work for more than 15 weeks has been steadily declining since the expansion began, but it has plateaued in the past two years, other than a small increase in Jan. (5/6) #JobsDay
5. White unemployment has been declining slightly over the past few months while African American and Hispanic unemployment has been increasing slightly, showing the stratified labor markets diverging since the fall. #JobsDay (6/6)
That's all folks! Check out all the graphs 📈📉from @AustinClemens2 & @lipstickecon highlighting important trends in the @BLS_gov from the just-released #JobsReport RIGHT HERE equitablegrowth.org/equitable-grow…
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