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Justin Wolfers

Justin Wolfers

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Economist (University of Michigan; Brookings). Accessible, data‑driven commentary on inflation, labor markets, growth, monetary policy, and macro indicators.

Recent Posts

Tariff Refunds Benefit Importers, Not Shoppers
Social•Feb 21, 2026

Tariff Refunds Benefit Importers, Not Shoppers

A tariff “refund” mostly goes to whoever wrote the tariff check: the importer of record. That’s not the same person who paid more at the register. So refunds -- if they're offered -- might sound like consumer relief, but in reality, they're corporate windfalls. https://t.co/PGuQgeA0zh

By Justin Wolfers
New Jobs Report: What It Means for You
Social•Feb 11, 2026

New Jobs Report: What It Means for You

Latest jobs report just dropped. Let's spend a few minutes talking about what's really going on, what it means for you, and what to keep your eye on. https://t.co/ptv6DbFqKM

By Justin Wolfers
President's Attempt to Manipulate Job Data Failed
Social•Feb 11, 2026

President's Attempt to Manipulate Job Data Failed

My menchies show a lotta distrust about the official jobs numbers right now. Lemme be clear: I don't believe there's *any* political meddling in these numbers. While the President has tried to mess with the BLS, he failed. I explain in...

By Justin Wolfers
2025 Job Growth Halved by New BLS Revision
Social•Feb 11, 2026

2025 Job Growth Halved by New BLS Revision

Every year the BLS does a benchmark revision which incorporates new and more detailed information. This year's revision suggests that 2025 was a far worse year than earlier estimates suggested, and total job growth was less than half that suggested...

By Justin Wolfers
One Sector Drives All US Job Growth, Others Lose
Social•Feb 11, 2026

One Sector Drives All US Job Growth, Others Lose

The U.S. job market is very unbalanced right now. One sector more than accounts for all jobs growth over the past year. The rest of the economy is shedding jobs. https://t.co/EGsnQj04uA

By Justin Wolfers
January Jobs Surge: Payrolls +130k, Unemployment at 4.3%
Social•Feb 11, 2026

January Jobs Surge: Payrolls +130k, Unemployment at 4.3%

Payrolls rose a very healthy +130k in January, and unemployment fell a tick to 4.3 percent. Revisions subtracted -17k from the past two months, so not much there. This is the healthiest jobs report we've seen in a while. Keep your fingers...

By Justin Wolfers