Equitable Growth’s Jobs Day Graphs: November 2018 Report Edition
The employment rate of prime-age workers continues its upward trend and still has room to grow before reaching pre-Recession levels
The U-6 measure of under-employment is below pre-Recession levels, but could potentially still expand further to reach the full employment level of 2000.
Wage growth continues across the wage distribution, but can still improve further to remain on track with expected levels of growth in a tight labor market.
Employment in construction and manufacturing continues upward, but these historically volatile sectors should be watched closely in the coming year for the impacts of trade negotiations.
An increasing share of newly employed workers are coming from out of the labor force, demonstrating that these workers were not lost but rather waiting for a tight enough market.