Wow ok I want expecting to see my mayor today

Infographic with Rally For the 8 details

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The Girlboss Takeover Has a Data Problem The sub-industries that already employed women just grew faster.

I looked into a gonzo First Things essay that argues women are using the government "prop up" their employment.

It's wrong, but it's wrong in an interesting way. Men actually increased thier employment *within* industry, but female industries grew faster.
newsletter.mikekonczal.com/p/the-girlbo...

When the expanded CTC expired in 2022, each $1,000 in lost benefits reduced consumer sentiment by 1.7 points—with effects lasting nearly two years—long after the checks stopped, from @jacobbastian.bsky.social and Melody Harvey www.nber.org/papers/w35059

If anyone knows a not annoying way to get the numbers behind the graph lmk, claude chrome is strugglin

It's a bit annoying to get the data in a spreadsheet but the Atl Fed's Homeownership affordability project provides monthly measures of median income up to Feb 2026 right now. They take ACS estimates and project forward using CPS data.

www.atlantafed.org/research-and...

mad max: fury road but nintendo

is our children learning

Examining U.S. inflation across households grouped by equivalized income : Monthly Labor Review : U.S. Bureau of Labor Statistics

BLS used to publish CPI by income quintiles, although this (if i remember correctly) reweighted CPI at the upper-levels (e.g. "rich people spend more on cars") not the lower level ("rich people spend more on the tesla model s")

www.bls.gov/opub/mlr/202...

Curious, what is the weight of the 'essentials' in the overall basket? Given the categories, I'm surprised the gap is so large.

The trouble (no fault of yours) is that 'essentials' aren't neatly broken down by category, e.g. both high end and low end cars are part of CPI autos

you can use average hourly earnings from CES

(Bloomberg) -- Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic PBC will usher in an era of greater cyber risk. Bessent and Powell assembled the group at Treasury's headquarters in Washington on Tuesday to make sure banks are aware of possible future risks raised by Anthropic's Mythos and potential similar models, and are taking precautions to defend their systems, according to people familiar with the matter who asked not to be identified citing the private discussions. A representative for the Treasury didn't immediately respond to a request for comment. A spokesperson for the Fed declined to comment. The previously unreported meeting, arranged on short notice, is another sign that regulators consider the possibility of a new breed of cyber attacks as one of the biggest risks facing the financial industry. All the banks summoned to the meeting are classified as systemically important by top regulators, meaning their stability is a priority for the global financial system.

This is really impressive speed tbh. Not much gets by Powell.

Inflation is over as far as I'm concerned

what if you told them you need the 51b to see a woman....

I love this for you

Got tired of looking up BLS series, whipped this up with Claude Code

prestonmui.github.io/bls-series-l...

Wild numbers in the March employment report but it looks like mostly seasonal/statistical noise around a low hiring trend and stable unemployment rate. It will be months before we know how the war in Iran and the inflation shock affects the labor market

Here's that rebound from the Kaiser strike:

asians down 1.1pp, lfg

Even then, the peak youth unemployment rate this cycle was similar to mid-2010s (and is now more like 2017-18ish).

So about that youth unemployment rate...?

Squares with the JOLTS layoff data: one reason why unemployment is so steady is people seem to be losing their jobs less

Looks like we may be seeing the bleeding stop in government employment

At least some of the payroll gains might be spurious (Kaiser strike rolling off, February weakness from birth-death model change) but even accounting for that, still quite a high payrolls print

Reporting for duty 🫡

St Louis Fed President Alberto Musalem: "I expect the current setting of the policy rate will remain appropriate for some time"

He could back cuts if the job market weakens so long as inflation expectations aren't rising—but could back hikes if core inflation or long-term expectations move too high

mom come pick me up they're doing economist social status discourse on twitter again