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prestonmui.bsky.social
Economist at Employ America | Kasia Niewiadoma Fanboy | Bird Liker | Seattle, WA
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going back in time to visit me hearing bush say "is our children learning" and showing past me the linda mcmahon "they're using A1 teaching in schools" clip

"Oh my god, I am doing fake bike racing" -- my cat 4 friend seeing her first pro/1/2 at Tour de Bloom

DALLAS FED SURVEY: “.. What actions, if any, are you taking (or planning to take) in response to higher tariffs? Please select all that apply.” @stephaniekelton.bsky.social www.dallasfed.org/research/sur...

so here's an early hint of trade war impact in the monthly jobs data!

Oh hey -- I was on @marketplace.org last night talking about stall speed and the US economy! There were many smart commentators on the episode (including @adamposen.bsky.social @prestonmui.bsky.social Nicole Servi and more), which is worth listening to in full: www.marketplace.org/episode/2025...

Insured unemployment claims for workers in public administration (incl. state/local) is on its way up, +26% compared to last March. Other industries mostly look fine

trump take folding bike

Jan 2024: "This is the trump stock market" Apr 2025: "This si the biden stock market"

Wage growth is largely back to normal for non-union workers. The surge in catch-up wage growth for union workers looks like it is coming to a close.

Stephen Lynch, aiming to be top Dem on the Oversight Cmte, blew up at a constituent who asked him to oppose the GOP. "I get to decide that. I get to decide that. I get to decide that. I'm elected. I get to decide that. You wanna decide that? You need to run for Congress, okay? I get to decide that"

I think barkin has specifically called out the bank spending data as something to watch

the mouse (rat?) is dead

Please highlight this story. ICE stormed into the wrong house, trashed the place, and made women/girls stand outside in the rain in their underwear. ICE also stole phones, laptops, and cash savings from the family, who moved to OKC two weeks ago. kfor.com/news/local/w...

Comments on the Dallas Fed manufacturing survey aren't pretty www.dallasfed.org/research/sur... "If we want to bring manufacturing back to the U.S., can we try not to kill the companies that can actually help do that before we get the chance?"

Awesome reporting and a good example of productivity enhancing technology at work.

NEW: A federal judge raised alarm Friday that the Trump administration appeared to have deported a 2-year-old U.S. citizen to Honduras with "no meaningful process" — even as her father was fighting to keep her in the country. Details w/ @joshgerstein.bsky.social www.politico.com/news/2025/04...

Extremely cool FEDS Note that links consumer sentiment data to actually spending at the respondent level and shows that the disconnect between sentiment and spending post-COVID was extremely unique and driven by inflation perception not real incomes.

Ya boy won a prime lap today

Trying to kill this guy

New from me at @employamerica.bsky.social www.employamerica.org/blog/a-slowd...

inside you there are two wolves

In recession-watch mode it's important to watch to keep an eye on hiring as much as layoffs Here's how changes in inflow (separations) and outflow (job-finding, basically) rates affect changes in the unemployment rate in 1990 using CPS data. Changes in outflow contributes earlier and greater

For the same reason that uncertainty about tariffs is bad even before actual tariffs are implemented, uncertainty about the durability of the Fed’s independence is also bad

Powell notes that discretionary federal spending is already small and going down (as share of economy)--if you are focused on that you are not working on the real sustainability issues (Ahem got that Elon?). Social insurance must be addressed on a bi-partisan basis (strong words from JPow)

I thought this was a typo, but no the BEA really does have a computer investment price index that goes to 1959 (and has fallen by a factor of about 10,000)

My bike's paint is actually a homage to the king county metro trolley bus

Common to hear critiques that dems are just "being performative" but when you're out of power, performance is most of what you can do

The gulf between expert opinion and lay opinion on pet food is even larger than in economics. Totally bizzare

A foreign-born economist told me they don't feel that it's safe for them to criticize tariff policy. The expansion of powers in the executive branch and the unwillingness of other institutions to step in is part of how Liberation Day happened. These issues are all connected.

Completely vile impulse