Daily Databite: We're working, we're spending

We're making more, but spending even more, and things are still confusing

Sep 7, 2023

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Guten Morgen!

Random Walk is here to put the sunshine in your coffee with some charts. It’s supposed to be short, but well, there’s just a lot to learn.

Enjoy.

Daily Databite

Put me in coach, I’m ready to play

As a reminder, the workforce is “secularly” tight, in that we simply have fewer workers than before (as a share of the whole):

The share of “in the labor force” workers is creeping slightly higher as new arrivals arrive, people un-retire, and/or otherwise decide they need or want to be working.

Put me in coach, I’m ready to play.

The prime-age participation rate (i.e. the share of working age people who work) is at it’s peak, however:

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