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Aaron Sojourner@aaronsojourner.org |
Prime age (25-54 years old) employment share is an important measure of core labor market strength, omits people on the fringes of work, steady at 80.8% for 3 months now. This is higher than any month since 2001, except it was 80.9% in July 2023.
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Aaron Sojourner
@aaronsojourner.org
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A big spike in employees absent due to childcare problems, from 19K to 70K during June survey week. This fell to pre-pandemic levels for the first time in May, so huge jump after decline (Figure). Isn't seasonally adjusted but large May-June jump uncommon (Table). Could be noise. Keep eye on it.
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