job growth

Betsey Stevenson, CNBC: "What we've been seeing is a massive reallocation of workers. First, we expanded how much stuff we were buying, so the goods sector just did remarkably well early on in the pandemic. And it was the service sector that got...

Betsey Stevenson, Bloomberg: "The truth is, this is a great number, 517,000 jobs, but there's a lot of room for error in this report. And if I was a betting woman, I would tell you that we'll probably see this corrected down a little bit. So I think...

Betsey Stevenson, New York Times: "Basically, the hesitation and confusion that I think made it harder for employers and workers to find each other in the early parts of the recovery has started to abate. People are applying for jobs, and employers...

Justin Wolfers, Michigan Radio: "The U.S. economy is now creating jobs at a rate that is unimaginably positive. 2022 was the second fastest rate of job creation in American...

Justin Wolfers, Vox: "If you want a dramatic one-word answer, the answer is yes. Unemployment’s at a 50-year low, that’s the standard metric for thinking about how the economy is performing. Job growth is continuing, so it’s not only good, it’s...

Betsey Stevenson, The Independent: "We can’t add jobs by lowering the unemployment rate any...

Betsey Stevenson, Bloomberg: "It's a very strong jobs report. What we saw was ongoing job growth. 2021 was the strongest year of job growth we've ever had, and 2022 came in there as the second. We did see some slowdown as the year continued but even...

The labor market is still booming, according to the latest jobs report. Justin Wolfers and Betsey Stevenson, both professors of public policy and economics, broke down what the jobs report means for Americans. "I do think it more likely that the...

Ford School economics professor Justin Wolfers reacted to the strong March jobs report. “Very very strong payrolls report: +678k jobs in February, with unemployment edging down to 3.8%. Add in solid positive revisions that added a total of +92k...

"At the current pace of improvement, the job market would not return to its pre-pandemic level until February 2022," said Stevenson. Read the full CNN Business article...

The Department of Labor released its employment situation summary report last week, which revealed that women make up more than half of U.S. payroll, for only the second time in history. Betsey Stevenson, professor at the Ford School, analyzed the...

This June, the U.S. Department of Labor reported 6 million unfilled job openings--a record-breaking number. Today, Betsey Stevenson offered expert testimony at a Congressional Joint Economic Committee hearing on the topic: "A record six million U.S....