Gbenga Ajilore
@gbenga-ajilore
Professional economist, amateur bassoonist, and 26x half-marathon runner.
Looking at LFPR & EPOP for prime-age folks (age 25-54), both measures ticked up this month. The overall labor force has been falling due, in part, to aging boomers. (7/8)
The Black unemployment rate continues to fall, but (like the overall unemployment rate) is due to a drop in labor force participation as the job-finding rate has not risen. (5/8)
"Woke Up This Morning With My Mind Set On Freedom" - Spiritual #QuarantineHobby
To everything, there is a season... "Turn, Turn, Turn" - The Byrds #QuarantineHobby
Wanted to play some classical music again (don't mind the technical glitch). "Prelude from Te Deum" - Marc-Antoine Charpentier #QuarantineHobby
Interesting piece about entrenched inflation, but I do quibble with this statement. Policy is not a fact of life and matters for the path of inflation, which means it can be reversed. www.bloomberg.com/opinion/arti...
Happy 4th of July! "America the Beautiful" - Katharine Lee Bates #QuarantineHobby #America250
Looking at LFPR & EPOP for prime-age folks (age 25-54), both measures fell this month, but more data are needed to see if this becomes a trend or just a blip. (6/7)
U6 – a measure of underemployment – fell slightly to 7.9% from 8.1%. As with much of the other labor metrics, it is holding steady. (5/7)
The Black unemployment rate held steady but continues to exceed the rate of all other groups. (4/7)
This doesn’t bode well for economic growth as consumer spending is 2/3 of GDP growth and we are already seeing signs of lower spending by consumers (revised down in Q1). Lower wage growth is one reason why. (3/7)
Some Dad Rock to go into the weekend. "Brandy (You're a Fine Girl)" - Looking Glass #QuarantineHobby
Biggest box office opening for the 5th Toy Story, with a new featured song. "I Knew It, I Knew You" - Taylor Swift #QuarantineHobby
Happy Father's Day! "Sittin' on the Dock Of the Bay" - Otis Redding #QuarantineHobby
It is hot 🥵. Summer is here "Summertime Rolls" - Jane's Addiction #QuarantineHobby
Looking at LFPR & EPOP for prime-age folks (age 25-54), both measures have pretty stabilized in 2026. (6/7)
U6 – a measure of underemployment – fell slightly to 8.1% from 8.2%. As with much of the other labor metrics, it is holding steady. (5/7)
Black households have suffered from this decimation of the federal workforce. Their unemployment rate fell to 6.6% from 7.3%, which was driven this month by lower participation with more Black workers dropping out of the labor force. (3/7)
The federal government lost 2,600 more jobs for a total loss of over 320,000 jobs since January 2025 and this matters because the country and the economy lose as a whole, as this pointed tweet from February 2025 suggest (2/7):
Some of the best international players ever, but barely any defense. I just went 66-16, think you can go 82-0? Play 82-0: www.82-0.com/share?id=Axo...
Now with tariffs at the forefront, we are back to the chaos & uncertainty of 2025. "Right Back Where We Started From" - Maxine Nightengale #QuarantineHobby
