A silver lining from COVID's adoption of remote working options?

A higher share of Americans with a disability are employed now than pre-pandemic, 20.4%.

Meanwhile, employment rate for Americans with no disability remain below pre-pandemic.

=> shift in relative productivity?
A source of talent employers may overlook and should investigate.
Perhaps the pandemic caused disability among previously employed people?

Doesn't look like it. The populations with and without disability have grown at about the same rate since the start of the pandemic. Both trends indexed = 100 in Feb 2020.
But definitely makes clear noisiness in measurement of population with a disability, so warrants caution in interpreting employment rate estimates.

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More from @aaronsojourner

16 Nov
U.S. corporations have higher profits than ever before.
Profits ⬆️ 17% in the last 2 years. Image
U.S. equity investors enjoying record high stock market, consistent with record high expected future profits ahead.

Wilshire Total Market Full Cap Index ⬆️ 58% in the last 2 years. Image
U.S. workers have more job opportunities than ever on record.

In recent months, more openings in total or as a share of jobs than ever before in records back to two decades.

Job opening rate ⬆️47% in last 2 years, compared to pre-pandemic Sept 2019. Image
Read 25 tweets
10 Nov
Hourly wage growth has accelerated *very* sharply to unprecedented levels for younger Americans, less acceleration for others.

Quick acceleration for young among *both* job switchers & stayers.

New analysis below builds off @AtlantaFed Wage Growth Tracker (WGT) analysis.
WGT computes wage growth for people employed both in a given end month & a year prior. This avoids many problems from changes in who's employed.

For 3 age groups, WGT reports monthly median wage growth averaged over most-recent 12 end months.

Only Zoomers (age 16-24) zooming.
If one looks only over the most-recent 3 months, instead of 12, the recent acceleration for Zoomers really pops. I did this a few weeks ago.

Today, I have 2 new things...
Read 20 tweets
5 Nov
Happy #JobsDay.

Strong job gains in October: +531K.

+235K in upward revisions of the prior 2 months.
This leaves us 4.2 million below Feb 2020.
It leaves us 8.3 million jobs below the pre-pandemic trend.
Read 17 tweets
3 Nov
Authoritarian politicians do not tolerate dissent from their ideology. Professors are independent sources of authority, outside their control.

Mao targeted us in his Cultural Revolution.

Orban is doing so in Turkey.

Vance uses the playbook's first chapter here.
Read 4 tweets
12 Oct
Context for understanding rising quits.

Corporate profits are through the roof and have been rising extremely quickly.

Employers unwilling to share the value that their workers help create are getting push back & attrition as workers move towards employers who do.
Switchers are getting faster growth than stayers.

This measures wage growth trends within the same worker over time, reducing issues with changes in who is employed.
There's been some acceleration in wage growth, but nothing like the acceleration in profit growth.
Read 7 tweets
11 Oct
To return EPOP to its level of 2 years ago, we'd need 5.7 million Americans newly employed.

Over same time, number of Americans out of the labor force increased 4.7 million.

Among them, those who "want a job now"⬆️ 1.1 million and who do not ⬆️ 3.6 million.
What age groups account for the +1.1 million who are out of the labor force and want a job now?

Prime-age Americans (25-54) account for 61% of the increase, young adults for 24%, and Americans 55+ only for 14%.
What ages account for +3.6 million out of labor force & not wanting a job now?

Increase in the number of older Americans (55+) in this group accounts for 89% of its rise.

Number of young folks in the group actually ⬇️326K.

Early retirements? COVID concern? Grandkid care?
Read 8 tweets

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