Casey Mulligan on Employment
By David Henderson
Casey Mulligan’s blog is a gold mine. My two highlights are his two latest blogs.
First, he points out that, according to the household employment data, seasonally adjusted employment last month fell by about 400,000. He attributes some of this to the increase in the minimum wage in late July. Too bad he didn’t give us a back-of-the-envelope (BOTE) estimate. My gut BOTE estimate is that about half of the increase is due to the increase in the minimum wage. I’ll do the actual BOTE on Labor Day, when I have more time and energy.
Second, he points out that, according to the payroll data, 49.9 percent of jobs in August were held by women. If this holds up, it’s a record.