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My recap of the May jobs report - I'm getting used to telling people good news about the job market again.
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Guy Berger
32.6K posts
Guy Berger
@EconBerger
Senior Advisor on Labor Markets at Access/Macro; Workforce Economist in Residence at Guild; Senior Fellow at BGI. Tweets represent my own views.
- this specific exchange doesn't exist in Tolkien (who just didn't write about this period in detail) but "Galadriel deceiving other elves by selectively omitting important details in a self-serving way" is straight out of the SilmarillionShe was deceived. The Rings of Power Season 2 arrives August 29 on Prime Video.
00:00 - With all due respect to the tweeter below - the share of Americans of prime working age who are working (80.0%) is quite a bit over the average for the last quarter-century (78.4%). Americans are working harder than normal right now.As a small business owner, I can attest. This has been truth for the past year and it isn’t getting better.
- A quick reminder: 1/ As a share of nonfarm employment, the federal government is currently 1.9%, near its smallest size since at least 1939. 2/ Total government (including state & local) is 14.8%, near its smallest post-1957 size.
- This could have been us, too 🙁New Zealand welcomed back sports with fans. The country hasn't had any new COVID-19 cases in three weeks. (via @southernscoop)
- Replying to @RexKwonDo92Look on the bright side, the odds that Winds of Winter gets published by July 6011 just went up
- Replying to @EconBergerI know some people bridle at the comparison between Italy and Olive Garden and it's true, you can't get unlimited breadsticks in Italy
- There's an article floating around declaring that Americans are a "nation of quitters" and asking "does anyone want to work anymore?" This kind of rhetoric is very disconnected from reality. The share of prime-working-age Americans with a job is well above its 25 yr average.
- Replying to @FedericoHuneeusIt’s an Econ 101 thing - Poorer countries tend, under the right circumstances, to grow faster than rich countries. Easier to copy proven technologies and good ideas than to invent new ones.
- Replying to @ArmandDomaIsn’t the answer the standard NIMBY one? Really big, established cities have politically power stakeholders resistant to growth, previously economically disadvantaged ones do not
- I’m surprised when people assert that “the negative effects of tariffs are temporary, until supply chains adjust.” Supply chains adjusting IS a negative effect, and a durable one
