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Aaron Sojourner@aaronsojourner.org |
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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Aaron Sojourner
@aaronsojourner.org
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That’s the extensive quantity (Q) margin. Intensive Q margin is average hours. Average workweek hours for private-sector steady at 34.3 hours for third month in a row. This has normalized down a lot from earlier in the pandemic when employers worked staff longer, instead of hiring.
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