Justin Lahart
@jdlahart.bsky.social
đ€ 2065
đ„ 394
đ 303
Wall Street Journal economics reporter
Americans are in a decidedly bad mood. The stock market is decidedly not.
www.wsj.com/economy/cons...
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The Stock Market Has Never Been So Good When People Have Felt So Bad
Stocks are partying like itâs 1999, but Americans havenât been this gloomy in 70 years.
https://www.wsj.com/economy/consumers/stock-market-consumer-sentiment-af088e87?st=ngiJDu&reflink=article_copyURL_share
1 day ago
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Justin Lahart
Elise Gould
3 days ago
What kind of labor market are young college graduates entering?
@joe-fast.bsky.social
and I just published an
@epi.org
series digging in on that question. Key findings: - noncollege and college unemployment rising - a college degree is losing its edge - AI is no more to blame than a low hires rate
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About that job market for college grads...
www.wsj.com/economy/jobs...
3 days ago
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But in gasoline-adjusted terms, just 2%
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25 days ago
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World nominal GDP is now around $125 trillion
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about 1 month ago
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Justin Lahart
The Wall Street Journal
about 1 month ago
The unemployment rate is low. The stock market is high. Consumer spending is healthy. But ask Americans how theyâre doing, and youâd think we were in a recession.
on.wsj.com/4cJH6Yq
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Most Americans Think the Job Market Will Get Worse. Hereâs Why That Matters.
Major companies are laying off thousands, but overall unemployment hasnât budged. Even people with stable employment and high salaries are spooked.
https://on.wsj.com/4cJH6Yq
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With so many people thinking the job market is going to deteriorate, you'd think there was a recession going on
www.wsj.com/economy/most...
about 1 month ago
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quite a chart
about 1 month ago
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Justin Lahart
Rachel Bachman, WSJ sports reporter
about 1 month ago
During the Depression, college football teams held games to raise money for charity. Now, all you have to do is give to the
www.edsbscharitybowl.com
. As your donation processes, read this unhinged 1931 story that starts with a terrible wedding analogy and ends with... well, you'll see.
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Justin Lahart
The Wall Street Journal
about 1 month ago
More than a year into President Trumpâs immigration crackdown, there is little evidence of widespread disruptions in the labor market, or of meaningful benefits to American workers.
on.wsj.com/4w2H339
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What Everyone Got Wrong About Jobs and the Immigration Crackdown
More than a year into President Trumpâs immigration crackdown, there is little evidence of widespread disruptions in the labor market, or of meaningful benefits to American workers.
https://on.wsj.com/4w2H339
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Love how places like the Keweenaw light up here
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about 1 month ago
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Jon Faust, Powell's former senior advisor, with some thoughts on Warsh...
krieger.jhu.edu/financial-ec...
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Thoughts on the Warsh Confirmation Hearing and Beyond | Center for Financial Economics
By Jon Faust With all the news about the Gulf last week you may have missed some remarkable Fed news. Going against Trumpâs demand for lower interest rates, Treasury Secretary Bessent said that Fed r...
https://krieger.jhu.edu/financial-economics/2026/04/20/thoughts-on-the-warsh-confirmation-hearing-and-beyond/
about 1 month ago
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Happy The-Strait-Is-Fully-Open Day to all who celebrate
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about 1 month ago
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Justin Lahart
The Wall Street Journal
about 2 months ago
Exclusive: President Trump has repeatedly promised his top administration officials pardons before he leaves office, according to people who have heard his comments.
on.wsj.com/3PTqciC
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Exclusive | Trump Promises Mass Pardons to Staff Before Leaving Office
In a recent meeting, the president said he would pardon those within 200 feet of the Oval Office, according to people familiar with the remarks.
https://on.wsj.com/3PTqciC
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Justin Lahart
The Wall Street Journal
about 2 months ago
Inflation accelerated to 3.3% in March, the hottest reading in two years.
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Inflation Rose to 3.3% in March
Consumer prices were up 3.3% in March from a year earlier, the Labor Department said Friday, much hotter than Februaryâs gain of 2.4%.
https://on.wsj.com/4moBJm6
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Sector breakdown on jobs
about 2 months ago
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Things like this make me wish I lived in Boston
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about 2 months ago
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Justin Lahart
Nick Timiraos
about 2 months ago
A new paper from Fed board economists concludes that breakeven job growth is near zero "It would not be unusual for there to be one or more months in 2026 with declines in total payroll employment as large as -100,000 jobs, even if economic output was growing at the rate of potential output growth"
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The dirty tanker index is waaaay above the highest level it hit after Russia invaded Ukraine
www.wsj.com/livecoverage...
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Dirty Business
The Baltic Dirty Tanker Index, which measures the cost of moving crude oil by sea, has surged to its highest level on record. The index sat around 1,000 for most of last year. It began climbing in the...
https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-04-02-2026/card/dirty-business-TkleEkmQCKpYfEj9CnRD
about 2 months ago
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Sure, the inflation-adjusted level of gasoline is much lower than the past, but the change in prices over the past five weeks is pretty darn big even in inflation adjusted terms
www.wsj.com/economy/cons...
about 2 months ago
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Justin Lahart
The Wall Street Journal
about 2 months ago
"Honestly, it feels like a funeral in the office." How work life got so terrible.
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How Working in America Became So Joyless
The loss of small perks and rise of AI have conspired to strip work of all joy, making the office âfeel like a funeral.â
https://on.wsj.com/3NNmiqQ
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Justin Lahart
Elisa Xi Chen
about 2 months ago
my boss is awesome, 100/10 would recommend
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Prediction is hard
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about 2 months ago
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Justin Lahart
Rachel Bachman, WSJ sports reporter
about 2 months ago
After Claudia Goldin became the first woman to win a solo Nobel in economics, she got hundreds of invitations. She accepted three. One was advising WNBA players on a labor deal. She helped players land the biggest % raise in US sports history.
www.wsj.com/economy/wnba...
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WNBA Players Had an Ace Up Their Sleeve in Pay Negotiations: A Nobel Laureate
Harvard economist Claudia Goldin helped WNBA players win a nearly 400% raise. Starting this season, playersâ average salary will top $580,000.
https://www.wsj.com/economy/wnba-players-had-an-ace-up-their-sleeve-in-pay-negotiations-a-nobel-laureate-c5040a28?st=ZVX9Ap&reflink=desktopwebshare_permalink
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âYouâre passing by hundreds, thousands of people, and theyâre all cheering you on,â she said. âThatâs bigger than getting the Nobel.â Story w/
@realbachscore.bsky.social
www.wsj.com/economy/wnba...
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WNBA Players Had an Ace Up Their Sleeve in Pay Negotiations: A Nobel Laureate
Harvard economist Claudia Goldin helped WNBA players win a nearly 400% raise. Starting this season, playersâ average salary will top $580,000.
https://www.wsj.com/economy/wnba-players-had-an-ace-up-their-sleeve-in-pay-negotiations-a-nobel-laureate-c5040a28?st=bgRtmL&reflink=article_copyURL_share
about 2 months ago
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Will AI end up being skills-biased? A survey of CFOs suggests yes.
www.wsj.com/tech/ai/ai-a...
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Americaâs Chief Financial Officers Say AI Is Coming for Admin Jobs
A new study finds little evidence of broad job losses from AIâbut a clear shift away from clerical roles and toward technical ones.
https://www.wsj.com/tech/ai/ai-admin-job-market-6a1c3436
2 months ago
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Justin Lahart
Tim Hanrahan
2 months ago
New in WSJ Growing Frustration With Chuck Schumer Spurs Talk of Replacing Him
www.wsj.com/politics/pol...
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Exclusive | Growing Frustration With Chuck Schumer Spurs Talk of Replacing Him
Some Democrats on Capitol Hill are discussing how to get New Yorkâs senior senator to step aside as minority leader amid concerns about his negotiating style and midterms strategy.
https://www.wsj.com/politics/policy/chuck-schumer-democrat-leadership-replacement-talks-666f1d75
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Justin Lahart
Erika McEntarfer
2 months ago
Never underestimate the abilities of a great survey field professional
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Justin Lahart
Arin Dube
2 months ago
I talk about minimum wage and monopsony in this Wall Street Journal piece.
www.wsj.com/economy/jobs...
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Justin Lahart
Arin Dube
2 months ago
More of both here :-)
www.thewagestandard.com
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The Wage Standard by Arindrajit Dube: 9780593471418 | PenguinRandomHouse.com: Books
âThe go-to guy on minimum wageâ (Nobel Laureate and New York Times bestselling author Paul Krugman) tackles one of the thorniest social issues of our timesâincome inequalityâfrom...
https://www.thewagestandard.com
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Justin Lahart
Prof Dynarski
2 months ago
Interesting article about research into the effect of the minimum wage on employment By
www.wsj.com/economy/jobs...
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âFortunately, only a handful of economists are willing to throw over the teaching of two centuries; we have not yet become a bevy of camp-following whores." James Buchanan in a letter to The Wall Street Journal in 1996.
www.wsj.com/economy/jobs...
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The 30-Year Debate Over the Minimum Wage Is Still Not Settled
A 1994 paper blew up the consensus that minimum-wage increases kill jobs. Economists have been at each otherâs throats ever since.
https://www.wsj.com/economy/jobs/minimum-wage-jobs-cost-debate-card-krueger-63b21af2?mod=Searchresults&pos=1&page=1
2 months ago
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Justin Lahart
Anthony DeBarros
2 months ago
In our latest economic survey for
@wsj.com
, the average recession probability has ticked up to 32% but the consensus is that the economy is resilient enough to weather the oil supply disruptionâprovided crude doesn't rise above above $138/barrel for a sustained period.
www.wsj.com/economy/econ...
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Economists Donât See a Recession Unless Oil Hits $138âand Stays There for Weeks
In a survey, the average of economists projects the Middle East conflict boosting inflation but probably not hurting growth.
https://www.wsj.com/economy/economist-survey-inflation-unemployment-3c3003b7?st=NSvrwP&reflink=desktopwebshare_permalink
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Wall Street economists' forecasts for growth and unemployment have barely budged since January, despite the war
www.wsj.com/economy/econ...
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Economists Donât See a Recession Unless Oil Hits $138âand Stays There for Weeks
In a survey, the average of economists projects the Middle East conflict boosting inflation but probably not hurting growth.
https://www.wsj.com/economy/economist-survey-inflation-unemployment-3c3003b7
2 months ago
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Justin Lahart
Ryan D. Edwards
2 months ago
In spring 2022, we were back from the pandemic, and I'll never forget how a bright Cal student pointed out the missing history of Dolores Huerta's role with the UFW. "It's like she was erased," the student remarked at the time. Now we all know why.
www.nytimes.com/2026/03/18/u...
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Cesar Chavez, a Civil Rights Icon, Is Accused of Abusing Girls for Years
https://www.nytimes.com/2026/03/18/us/cesar-chavez-sexual-abuse-allegations-ufw.html
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Justin Lahart
N Sims
2 months ago
So weird: there's more than one scammy memorial site inviting donations or tree-planting in my dad's memory. We are not asking for that, but if people feel moved, donations in lieu of flowers to
www.aclu-mn.org
,
www.aclu.org
, or
www.eff.org
Econ folks, can you help get the word out?
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Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2011
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2011 was awarded jointly to Thomas J. Sargent and Christopher A. Sims "for their empirical research on cause and effect in th...
https://www.nobelprize.org/prizes/economic-sciences/2011/sims/biographical/
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www.wsj.com/economy/cent...
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Christopher Sims, Economist Who Taught the Data to Speak, Dies at 83
The Nobel laureateâs work transformed how central banks understand cause and effect in the economy.
https://www.wsj.com/economy/central-banking/christopher-sims-economist-who-taught-the-data-to-speak-dies-at-83-12e85dd8?mod=author_content_page_1_pos_1
2 months ago
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Et tu, Crude? (Happy Ides of March everybody)
2 months ago
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Preliminary Umich survey period straddled the start of the war. Interesting breakdown on gasoline and inflation expectations =
2 months ago
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Justin Lahart
Nick Timiraos
2 months ago
Iran War Will Lower Energy Prices By Peter Navarro "Roughly a quarter of the worldâs seaborne oil trade transits the Persian Gulf.... When markets price crude oil, they must account for the risk that conflict, sabotage and terrorism will interrupt these flows."
www.wsj.com/opinion/iran...
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Opinion | Iran War Will Lower Energy Prices
The risk of regime violence has long been baked into the global price of oil and gasâand everything else.
https://www.wsj.com/opinion/iran-war-will-lower-energy-prices-052c7302?st=98sT4W&reflink=desktopwebshare_permalink
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This obituary for Karen Petrou is well worth your time
www.wsj.com/business/kar...
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Karen Petrou, the Blind Banking Analyst Who Saw the Future of Finance, Dies at 72
With the aural equivalent of a photographic memory, she advised financial companies on regulatory and public-policy issues.
https://www.wsj.com/business/karen-petrou-banking-analyst-dies-72-2773e022?st=p69jZn&reflink=desktopwebshare_permalink
2 months ago
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Justin Lahart
The Wall Street Journal
3 months ago
is it laziness, illiteracy or the ultimate flex ? missives from titans of business and politics show a striking disregard for spelling, punctuation and proper grammar
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Why the Global Elite Gave Up on Spelling and Grammar
From Epsteinâs associates to Jack Dorsey to David Ellison, the rich and powerful share a seeming disregard for proper English.
https://on.wsj.com/4beH764
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Justin Lahart
Prof Dynarski
3 months ago
To give you a sense of how big a deal this is: Summersâ PhD advisor made NBER what it is today
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Larry Summers is no longer part of the NBER
www.wsj.com/us-news/educ...
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Exclusive | National Bureau of Economic Research Cuts Ties With Larry Summers
The former Treasury secretary and Harvard president is no longer affiliated with Americaâs leading economics organization.
https://www.wsj.com/us-news/education/national-bureau-of-economic-research-cuts-ties-with-larry-summers-8a738075?mod=author_content_page_1_pos_1
3 months ago
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reposted by
Justin Lahart
The Wall Street Journal
3 months ago
Traffic through the Strait of Hormuz has ground to a virtual halt, unleashing the most severe energy crisis since the 1970s and sending oil prices soaring nearly 60%.
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The Long-Feared Persian Gulf Oil Squeeze Is Upon Us
Traffic through the Strait of Hormuz has ground to a virtual halt, unleashing the most severe energy crisis since the 1970s.
https://on.wsj.com/47oCmFV
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This Goldman chart is not aging well
3 months ago
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reposted by
Justin Lahart
The Wall Street Journal
3 months ago
How the WSJ Tracked Claims of Assault Against Immigration Agents
on.wsj.com/3PmWPoi
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How the WSJ Tracked Claims of Assault Against Immigration Agents
How the WSJ Tracked Claims of Assault Against Immigration Agents
https://on.wsj.com/3PmWPoi
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My redo of the chart CEA used to do way back when
3 months ago
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Justin Lahart
Jeanne Whalen
3 months ago
Today's weak jobs report underscores that the Iran war comes at a fragile time for the economy. Before the war, low gasoline prices were helping tame inflation, and mortgage rates were edging down. Now gas prices and mortgage rates are ticking up.
www.wsj.com/economy/cons...
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How War in Iran Is Colliding With Trumpâs Economic Priorities
A promise to steady the economy helped the president win voters in 2024. The attack on Iran could undermine that support, months before the midterms.
https://www.wsj.com/economy/consumers/how-war-in-iran-is-colliding-with-trumps-economic-priorities-42b7c165
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A whole bunch more old people in these American states, apparently (click through to see revision)
alfred.stlouisfed.org/series?seid=...
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Population Level - 55 Yrs. & over
Population Level - 55 Yrs. & over
https://alfred.stlouisfed.org/series?seid=LNU00024230
3 months ago
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