[From the Archive] What's really going on in the labor markets

Supply is catching up to demand

Random Walk is off for Shavuot today and tomorrow, so we’re releasing a still-relevant post from the archives.

This post originally aired ~1 year ago, May 6, 2024:

• labor market data was bad in the good way (wut?)

• really, nothing has changed and everything is expected, iykyk

• immigration matters, a lot . . . but it may be reaching a saturation point