No strong beliefs on my end, except the meta belief that @employamerica.bsky.social is correct www.employamerica.org/inflation-an...

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www.employamerica.org/inflation-an... Vikas and Skanda at @employamerica.bsky.social on how Kevin Warsh's selective focus on "Trimmed Mean inflation" misses upside inflationary dynamics

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Confess I had not thought through the implications of no data collection in Oct. for Nov.'s jobs report until I read BLS's FAQ. 1)CPS is a panel. No collection in Oct means no new respondents initiated into the survey, and so many more need to be added in Nov. 2)above clearly has implications for

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Framework update from Powell: removed the "shortfalls" language but adds: "employment may at times run above real-time assessments of maximum employment without necessarily creating risks to price stability." noting that estimates of "maximum employment" are "highly uncertain."

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Is AI responsible for the relative increase in unemployment among recent college graduates? Probably not. Recent grad employment trends are similar in industries more or less likely to use AI Nice analysis from Will Raderman @employamerica.bsky.social

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