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Sure, consumers' savings are down, but so is their debt

Debt balances rising back to the pre-pandemic trend would make those households responsive to the Fed hikes. The day "excess savings" overall run out is less important than when "less debt" ends. ....

San Francisco , United States , New York , Claudia Sahm , Luiz Oliveira , Laura Pilossoph , Duke University , A Press Herald , Consumer Financial Protection Bureau , Federal Reserve , Federal Reserve Bank , Consumer Financial Protection , Sahm Consulting , Press Herald ,

How Americans Spend Former Commute Time

Unsurprisingly, American workers whose commutes have been reduced or eliminated by new remote work arrangements are spending more time on rest, leisure, and childcare activities. ....

United States , Laura Pilossoph , Aidan Toner Rodgers , Davide Melcangi , American Time Use Survey , David Dam , Liberty Street ,

Parental Participation In A Pandemic Labor Market

Parental Participation In A Pandemic Labor Market
this post authored by Olivia Lofton, Nicolas Petrosky-Nadeau, and Lily Seitelman
Gender gaps in labor market outcomes during the pandemic largely reflect differences in parents’ experiences. Labor force participation fell much less for fathers compared with other men and all women at the onset of the pandemic; the recovery has been more pronounced for men and women without children. Meanwhile, labor force participation among mothers declined with the start of the school year. Evidence suggests flexibility in setting work schedules can offset some of the adverse impact on mothers’ employment, while the ability to work from home does not. ....

National Bureau Of Economic Research , United States , San Francisco , Jan Olmstead Rumsey , Laura Pilossoph , Nicolas Petrosky Nadeau , Maria Jose Prados , Olivia Lofton , Ryana Decker , Matthias Doepke , Christopher Kurz , John Grigsby , Adrian Hamins Puertolas , Lily Seitelman , Erik Hurst , Alex Weinberg , Current Population , Federal Reserve Bank , Mental Health , National Bureau Of Economic Research Working Paper , Differences In Couple Division Of Childcare , Current Population Survey , American Time Use Survey Leave Modules , American Time Use , Us Bureau Of Labor Statistics , Economic Letter ,

Black And White Differences In The Labor Market Recovery From COVID-19

this post authored by David Dam, Meghana Gaur, Fatih Karahan, Laura Pilossoph, and Will Schirmer
The ongoing COVID-19 pandemic and the various measures put in place to contain it caused a rapid deterioration in labor market conditions for many workers and plunged the nation into recession. The unemployment rate increased dramatically during the COVID recession, rising from 3.5 percent in February to 14.8 percent in April, accompanied by an almost three percentage point decline in labor force participation.
While the subsequent labor market recovery in the aggregate has exceeded even some of the most optimistic scenarios put forth soon after this dramatic rise, the recovery has been markedly weaker for the Black population. In this post, we document several striking differences in labor market outcomes by race and use Current Population Survey (CPS) data to better understand them. ....

New York , United States , Laura Pilossoph , Fatih Karahan , York Research , Statistics Group , Federal Reserve Bank , Current Population Survey , Liberty Street , David Dam , Meghana Gaur , Great Recession , Federal Reserve , Liberty Street Economics , New York Fed , Human Capital , Labor Economics , Labor Market , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பாடிஹ கரஹான் , யார்க் ஆராய்ச்சி , புள்ளிவிவரங்கள் குழு , கூட்டாட்சியின் இருப்பு வங்கி , தற்போதைய பாப்யுலேஶந் கணக்கெடுப்பு , சுதந்திரம் தெரு ,