Blogging on Employment and Job Markets in US Metro Areas

Monthly Archives: June 2017

Labor Share of Income, Labor Force Participation, and Wage Growth

The labor share of income (the blue line in the above chart) and prime age labor force participation rate (the red line) have both recently increased after long-term declines (labor share of income since the 1970s, and LFPR since the 1990s). Though it is too early to say if those long-term trends have been reversed,… Read more »

May 2017 Nonfarm Payroll Update

As of May nonfarm payroll employment was 146.7 million (this is the preliminary figure from the BLS, and most likely will be adjusted in the coming months), an increase of 2.2 million from a year earlier. In percentage terms, this is an increase of 1.5% from a year earlier. May marks the 81st consecutive month… Read more »