Nick Bunker

The carbon crypto QE scheme will sadly never leave my mind

Some jobs day news: Today is my last day at Indeed.

After an incredible six-plus years, I'm saying farewell and heading to my next challenge.

I'm excited to announce I'm joining the Mastercard Economics Institute! Fired up to hit the ground running.

The 2025 Economic Report of the President | CEA | The White House Today, the Council of Economic Advisers under the leadership of Chair Jared Bernstein released the 2025 Economic Report of the President, the 79th report since the establishment of CEA in 1946. The 20...

Very excited and honored to see Hiring Lab data and research on remote work cited in this year’s Economic Report of the President. www.whitehouse.gov/cea/written-...

Final jobs report of 2024 was a good one!

- Job gains beat expectations, up +256,000
- Unemployment is down to 4.1%, but more importantly, it seems to be stable over the last 6 months.
- Prime-age EPOP still concerning and looking dangerously close to reversing its multi-year increasing trend.

Pretty solid JOLTS report today!

- Job openings posted their first back-to-back gain since March 2022.
- Layoffs remain historically low
- 3-month averages starting to show (possible) early signs of stabilization

#jolts #bls #econsky

It’s JOLTS day! I’m gonna be quiet on this front today so follow @corystahle.bsky.social for all the good insights!

Sad to see the end of an era but excited to see what’s next!

Oh whoa, it’s Jobs Day

Happy Thanksgiving! Wishing the best for you and yours!

Toddler, knocking down a block tower: one must imagine Sissyfus happy

are you kids out of school:

Retweet for 'All Week'
Like for 'part of the week'

Walking around Costco contemplating the domestic content share of each item

Labor markets have frictions, and pushing against them can be unpleasant!

Posting has been quiet thanks to life with a 6-week-old, but once things settle down, I’ll be making the move over here.

We are so back

AI at Work: Why GenAI Is More Likely To Support Workers Than Replace Them - Indeed Hiring Lab Of the more than 2,800 unique work skills identified and assessed by Indeed, none are “very likely” to be replaced by generative artificial intelligence.

I wouldn't get too concerned about GenAI taking your job.

New Hiring Lab research evaluated over 2,800 skills and found zero (yes, ZERO) of them are "very likely" to be replaced by a Large Language Model.

www.hiringlab.org/2024/09/25/a...

Jeremey Stein is who you're thinking of, I believe. But I don't think he was seen as a bellwether like Waller is.

A question for those who've followed the Fed more closely and for longer than I:

When was the last time a Fed governor, who wasn't the chair or vice chair, received as much attention as Chris Waller?

💸 Employers have been retreating from promoting signing bonuses but haven't abandoned them yet.

The share of job postings advertising signing bonuses remains more than twice its pre-pandemic level.

🎢 Advertised wages for food prep jobs have been on a roller coaster for the past five years, but they look to be settling down now.

🧊 Dropped to 0.3% by June 2020

🚀 Rocketed up to 15.4% in Jan 2022

➡️ Now at 2.6% as of Aug 2024

A question for the Fed chair: if the committee doesn't welcome further softening in the labor market, why is U3 projected to rise more this year? Is the rise in unemployment already baked in?

Shoutout to Lewis who nailed his first Fed call

I asked the toddlers if they thought it'd be a quarter point or a half point, and one instantly shouted, "HALF POINT."

So, size your positions according, I guess?

A bit, but that shouldn’t shit the IWT much. The headline measure is the median of the distribution of wage growth for job titles

Think ATL Fed WGT but for job titles instead of individuals

This month you'll now find sector level Indeed Wage Tracker data at the data portal data.indeed.com#/wages

Indeed they are

But the magnitude of the rebound is largest among high-wage sectors.

The recent acceleration isn't limited to a few sectors.

Most sectors are still seeing a slow down with about 55% of occupational sectors having slower posted wage growth in February in August. But that's down from 73% back in April.

After returning to its pre-pandemic pace, posted wage growth is creeping back up.

According to the latest data from the Indeed Wage Tracker, wages and salaries advertised in job postings grew at a 3.3% rate in August.