1/ This morning’s #JobsReport data marks 3 months of healthy job gains, though most gains were concentrated in a small group of sectors, including leisure and hospitality, health care, and local government. Upward revisions to prior months’ data suggest an improving labor market.
- A 🧵 -
Join me online on Wednesday in an @equitablegrowth.bsky.social conversation with Sameera Fazili, @hboushey.bsky.social, @jigarshahdc.bsky.social, and Neil Thompson about the intersection of AI, the energy transition, the future of inequality and economic growth. web.cvent.com/event/6a3be4...
4/ Building on research from @kevinrinz.bsky.social @clevelandfed.bsky.social, recent changes in unemployment for three key groups suggest mixed effects on overall U.S. unemployment in the coming months, with two groups suggesting rising unemployment.
www.clevelandfed.org/publications...
- END 🧵-
As states increasingly invest in early childhood care and education, how can they ensure their investments will pay off for working families? In a new @equitablegrowth.bsky.social FAQ , @chloergibbs.bsky.social lays out the evidence for state policymakers.
buff.ly/uv8jsm6
#Econsky, #ECE
2/ Data released earlier this week showed job openings increased modestly in April, while the quits rate – a sign of worker optimism – inched down. Inflation has cut into workers’ income, with real hourly earnings shrinking meaningfully in April.
#JobsReport
