Should-Read: Nick Bunker: Just how tight is the U.S. labor market?: “From the end of the 1991 recession until the second quarter of 2017, the prime employment rate explains about 80 percent of the variation in nominal wage growth… …The unemployment rate… explains 50 percent of the variation in nominal wage growth…. Models that include … Continue reading Should-Read: Nick Bunker: Just how tight is the U.S. labor market?