Ben Casselman Profile picture
May 4, 2020 5 tweets 3 min read Read on X
It feels discordant to be celebrating awards right now, while we're in the middle of a terrible crisis. But the #Pulitzer Prizes are really about reflecting on the remarkable and important journalism being performed all across the country, and that's more important than ever.
I am so, so proud of all my @nytimes colleagues who were winners and finalists. The idea that I get to come to work (er, Zoom to work) every day alongside these fearless, dogged and talented journalists still boggles my mind.
And I am *beyond* excited to see @brianmrosenthal, recognized for his incredible work. Brian is one of the most talented investigative reporters working today. He is also one of the kindest and most generous colleagues.
But I think it's appropriate that some of the top awards this year went to local and regional papers like @courierjournal, @baltimoresun, @seattletimes and the @adndotcom.
Local news is more vital right now than ever, but it's also under greater threat than ever. If you value strong, independent journalism, please, please subscribe to your local paper. Democracy literally depends on it.

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More from @bencasselman

Jan 25
The U.S. economy slowed in the final three months of the year, but only because the Q3 number was so strong -- the 3.3% growth rate in Q4 was well above expectations and certainly offered no hints of a brewing recession. (Belated charts thread)
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This is not a case where the volatile components of G.D.P. made a weak quarter look strong, as sometimes happens. Measures of underlying demand were also very strong.
Image
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For all the predictions of a recession, G.D.P. growth actually *accelerated* in 2023, and topped the prepandemic average growth rate as well. Image
Read 4 tweets
Jan 3
Job openings, quits and layoffs all edged down slightly in November. Consistent with a gradually cooling labor market, but definitely no sign things are falling off a cliff. #JOLTS
Data: bls.gov/news.release/j…
There were 8.8 million job openings on the last day of November. That's down a touch from October, but only because October was revised up. Big picture: Openings are trending down (and quite quickly, at that), but are still high by historical standards. #JOLTS Image
The number of job openings per unemployed worker actually ticked up in November (because unemployment fell), but ignore the noise. The labor market is becoming more balanced, though the ratio is (again) high relative to the prepandemic period. Image
Read 9 tweets
Sep 1, 2023
The U.S. economy added 187,000 jobs in August and the unemployment rate rose to 3.8%.
Data:
Full coverage: bls.gov/news.release/e…
nytimes.com/live/2023/09/0…
June/July revised down by combined 110,000 jobs.
The big increase in unemployment is mostly for "good" reasons: More people working, but also more people *looking* for work. Labor force grew by 736,000. Participation rate up by 0.2 percentage points.
Read 13 tweets
Jul 7, 2023
The U.S. economy added 209k jobs in June and the unemployment rate edged back down to 3.6%.
#jobsday
Data:
Full coverage: https://t.co/JfXzKGVrCqbls.gov/news.release/e…
nytimes.com/live/2023/07/0…
Modest downward revisions to both April and May, by a combined 110k jobs.
Average earnings rose by 12 cents an hour, or 0.4 percent. Earnings are up 4.4 percent from a year ago.
Read 13 tweets
May 5, 2023
U.S. employers added 253k jobs in April, defying (yet again) predictions of a slowdown. The unemployment rate ticked back down to 3.4%.
Data: bls.gov/news.release/e…
Full coverage: nytimes.com/live/2023/05/0…
Notably February and March both revised down, by a combined 149k jobs.
Average hourly earnings stronger than expected -- up 0.5% from March, 4.4% from a year earlier. Consistent with the ECI data showing little slowdown in wage growth.
Read 6 tweets
May 3, 2023
As expected, the Fed raised interest rates by another quarter point, its tenth increase in a bit more than a year. Rates are now the highest they've been since 2007, before the global financial crisis.
Statement: federalreserve.gov/newsevents/pre…
Full coverage: nytimes.com/live/2023/05/0…
March statement: "The Committee anticipates that some additional policy firming may be appropriate..."
May statement: "In determining the extent to which additional policy firming may be appropriate to return inflation to 2 percent over time..."
In response to question from @jeannasmialek, Powell says that, "A decision on a pause was not made today." But he says the removal of the "anticipates" language was a "meaningful change."
Read 5 tweets

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