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

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

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: