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Joe Fast

@joe-fast.bsky.social
46 followers 48 following 2 posts

Research Assistant @epi.org Princeton '24

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Reposted by Joe Fast
Economic Policy Institute @epi.org · 07/05/2026
Young college graduates are entering a weaker labor market, but outcomes are more mixed than the headlines suggest. Unemployment is on the rise for young college graduates, though it's mostly because of higher labor force participation. @elisegould.bsky.social + @joe-fast.bsky.social latest 1/3
epi.org
Class of 2026: Young college graduates face a weaker labor market—but a more mixed picture than the headlines suggest
Over the last couple of years, the overall labor market has slowly weakened—with many arguing that the weakening is most pronounced for young college graduates (whom we define as young workers ages 22...
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Joe Fast @joe-fast.bsky.social · 10/04/2026
BLS data show inflation rose to 3.3% in March, meaning real wages only grew 0.2% over the year. If inflation continues to increase, it's likely we see negative real wage growth in the coming months.
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Joe Fast @joe-fast.bsky.social · 31/03/2026
February data from the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey show a decline in hires to 4.8M (-498K). The hires rate fell to 3.1 percent, its lowest level since April 2020, and similar to the levels seen in the years following the Great Recession. #NumbersDay
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Reposted by Joe Fast
Elise Gould @elisegould.bsky.social · 05/02/2026
Low-wage workers saw their real wages decline in 2025, a sharp reversal from the historically fast real wage growth they had experienced over the previous five years. For all the details, check out my latest research with @joe-fast.bsky.social @epi.org www.epi.org/blog/low-wag... #EconSky
epi.org
Low-wage workers faced worsening affordability in 2025 as wage growth stalled
Low-wage workers saw their real (inflation-adjusted) wages decline in 2025, a sharp reversal from the historically fast real wage growth they had experienced over the previous five years. Middle- and ...
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Reposted by Joe Fast
Aaron Sojourner @aaronsojourner.org · 06/11/2025
Every month for the last 77 years, the Bureau of Labor Statistics has estimated Americans' unemployment rate This streak dies tomorrow Govt staff could not survey Americans about whether they're working or looking for work in Oct, the 1st time in 934 months This blind spot will remain forever
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Reposted by Joe Fast
Elise Gould @elisegould.bsky.social · 06/11/2025
For the latest @epi.org charts on unemployment insurance claims, please visit www.epi.org/indicators/u... Shoutout to @joe-fast.bsky.social for processing the state data without an official report from DOL during the government shutdown. Minor imputation required for a state with delayed reporting.
epi.org
Unemployment Insurance (UI) Claims
November 7, 2025 Next update: November 14, 2025 Every week, the Department of Labor’s Unemployment Insurance (UI) Weekly Claims News Release tells us how many people filed for unemployment insurance (...
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Reposted by Joe Fast
Economic Policy Institute @epi.org · 15/10/2025
There was no jobs report on Oct. 3 because of the government shutdown. In the meantime, state unemployment insurance claims can shed light on the labor market. EPI's @elisegould.bsky.social & @joe-fast.bsky.social analyze the latest data: www.epi.org/blog/amid-th...
epi.org
Amid the shutdown data blackout, state unemployment insurance claims continue to shed light on the labor market
On Friday, October 3, the U.S. Bureau of Labor Statistics (BLS) did not publish the September Employment Situation Summary report. The monthly “jobs report” provides policymakers, businesses, and the ...
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Reposted by Joe Fast
David Dayen @ddayen.bsky.social · 16/04/2025
We just can't have nice things in this country if it displeases the economic royalists. apnews.com/article/irs-...
apnews.com
Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say
The Trump administration plans to eliminate the IRS’ Direct File program. That's the electronic system for filing tax returns directly to the agency for free.
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Reposted by Joe Fast
Elise Gould @elisegould.bsky.social · 03/04/2025
The latest #NumbersDay data out from the Department of Labor (www.dol.gov/ui/data.pdf) continue to show significantly higher initial and continuing unemployment insurance claims for federal workers than this time last year, but these losses haven't spread to the private sector data (yet).
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