Hello, Welcome to the 50th (!!!) issue of Allison’s Ode to the Second Moment, a newsletter about the risks that everyone feels but no one talks about: human capital edition. Labor Market Another encouraging jobs report came out, it featured a slight increase in wages. Even that stubborn, prime-age labor force participation rate is finally trending up. Labor force participation among 25–54 year-olds remains 2% lower than its turn-of-millennium peak, but it has been increasing since 2016, suggesting the labor market is finally vigorous enough to
Allison's Ode to the Second Moment
Allison's Ode to the Second Moment
Allison's Ode to the Second Moment
Hello, Welcome to the 50th (!!!) issue of Allison’s Ode to the Second Moment, a newsletter about the risks that everyone feels but no one talks about: human capital edition. Labor Market Another encouraging jobs report came out, it featured a slight increase in wages. Even that stubborn, prime-age labor force participation rate is finally trending up. Labor force participation among 25–54 year-olds remains 2% lower than its turn-of-millennium peak, but it has been increasing since 2016, suggesting the labor market is finally vigorous enough to