Julia Pollak Profile Banner
Julia Pollak Profile
Julia Pollak

@juliaonjobs

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Chief Economist @ZipRecruiter . Mom x 3. Formerly @pepperdine , @RANDCorporation , @navy_reserve , @PardeeRAND , @Harvard . Opinions my own.

Santa Monica, CA
Joined February 2016
Don't wanna be here? Send us removal request.
@juliaonjobs
Julia Pollak
10 months
I knew U.S. healthcare costs were high, but didn't realize that caring for a terminally ill parent would feel like financial war. The first time we set foot in a hospital—insured & preauthorized—administrators halted surgery prep & demanded $190,000 (!) cash upfront to proceed
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Julia Pollak
4 years
Disney World in Florida is open. Disneyland in California is closed. State policy makers are trying to balance two variables—the virus and the economy—and making different calls.
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Julia Pollak
1 year
Like $20 bills on the sidewalk and free lunches, falling inflation combined with falling unemployment is supposed to be the stuff of economics fiction
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Julia Pollak
3 years
5-y-o son: "Mom, how many twitter followers do you have?" Me: "1,800." Son: "And how many does dad have?" Me: "About 180,000." Son: 😯 "What do you tweet about?" Me: "The job market and the economy." Son: "Have you ever considered that maybe people find that boring?"
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Julia Pollak
7 months
Fentanyl and suicide have overtaken traffic accidents, heart disease, and cancer as the top killers of 18-44-year-olds.
@JohnLeFevre
John LeFevre
7 months
The 18-44 age bucket is shocking…. Within two decades.
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Julia Pollak
4 years
1/ Blacks are 12.3% of total employed, but 16.4% of people employed in justice, public order, and safety activities, according to the Current Population Survey.
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Julia Pollak
10 months
There are 4.1 million more full-time employees and 1.6 million fewer part-time employees in the U.S. now than before the pandemic. Workers have migrated out of precarious jobs into full-time jobs in a tight labor market.
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Julia Pollak
4 years
November #JobsReport in a nutshell: 266K job gains, upward revisions to previous months, 3.5% unemployment, 3.1% annual growth in average hourly wages. Great end to 2019!
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Julia Pollak
2 years
This is my favorite labor market chart right now. In a vibrant labor market, people have been getting the hours they want and moving into high-quality jobs. There are now 1.8 million more full-time workers than before the pandemic and 2.4 million fewer part-time workers.
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Julia Pollak
6 months
Labor productivity is the silver bullet that would allow GDP and real wages to rise while inflation continues to fall. It is the secret not just to a soft landing, but to an economic boom. In Q3, it rose 4.7%, and unit labor costs *fell* 0.8% as a result.
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Julia Pollak
5 years
This is one of those stats that gets repeated all over but is not supported by the data. Several studies have exposed the idea of widespread medical bankruptcies as a myth. Read @aparnamath on the topic:
@soledadobrien
Soledad O'Brien
5 years
62.1 percent of all bankruptcies were because of medical bills.
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Julia Pollak
10 months
Personal finance recommendations if you're ever in the same boat: - Get a patient advocate - Double-check everything - Check official clinical guidelines Very tragically, you can't always trust the individuals and organizations supposedly there to help you in your darkest hour.
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Julia Pollak
5 years
. @CNN has egg on its face today. Told America eggs are killing us, when the study shows eggs have an insignificant effect, controlling for other foods. Hire reporters/editors who understand science, unless you want that #FakeNews title to stick.
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Julia Pollak
3 years
Not sure what’s been going on here over the past two days, because I’ve been staring at our new baby girl, Amira Leah Pollak, born Friday morning. Overjoyed and immeasurably grateful. 💖
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Julia Pollak
10 months
For a year, I had to be constantly on guard against: - Unbundling - Up-coding - Double billing - Getting inappropriate, non-efficacious, non-indicated, and *extremely* expensive care foisted upon us by docs with warped incentives
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Julia Pollak
6 years
From today’s @WSJ : Investors are flocking to the U.S. as markets in Turkey, Russia, China tumble. While the S&P 500 has risen 4.5% this quarter and is trading within about 1% of its all time high, stocks elsewhere around the world have fallen 1.3% this quarter and 7% this year.
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Julia Pollak
4 years
Proud to be a ready reservist @USNavy . Also constantly amazed and inspired by the fact that the Navy receives such an overwhelming response whenever it calls for volunteers. Bravo Zulu to all our U.S. Navy Reserve Corpsmen and physicians volunteering for this crucial mission.
@USNavy
U.S. Navy
4 years
“When we were asked to help find medical professionals to help support this mission, we received hundreds of volunteer requests from our reserve medical community in less than 24 hours.” Reserve Sailors Embark #USNSComfort -
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Julia Pollak
4 years
The Senate has approved the @IvankaTrump -backed 12-week paid family leave plan for federal employees. Will private sector companies without paid parental leave now follow suit?
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Julia Pollak
4 years
Hey, @businessinsider , you buried the lede. @patagonia is closing *but continuing to pay workers during the closure.* That’s a remarkable story, and probably one we won’t see in many other places due to businesses’ financial constraints, investors, shareholders, etc.
@BusinessInsider
Business Insider
4 years
Patagonia will immediately halt operations, close stores, and stop taking orders amid coronavirus pandemic
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Julia Pollak
10 months
...something that happens nowhere else on earth. Even the wealthiest Americans don't have hundreds of thousands of liquid dollars lying around. But the hospital tried its luck, with a hungry patient who'd fasted all day staring down a terrifying diagnosis, under duress.
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Julia Pollak
9 months
I stayed in downtown Portland last month, and was shocked to find a zombie apocalypse. On every street, there were people standing with vacant stares, drugged up on fentanyl & tranq. Young, middle-aged, white, Hispanic, black. Most, men. Some women. Tragic
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Julia Pollak
10 months
Non-indicated drugs costing $20k-$70k per year were sometimes summarily prescribed, delivered, or administered with no prior discussion with the patient, and no concern for the risk that insurance might not cover them, given their non-indication for the particular cancer.
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Julia Pollak
6 months
While it's true that inflation is cooling & some prices are falling, what consumers notice is cumulative inflation over longer periods, not month to month inflation. Producers' selling prices have risen >20% since the pandemic, rather than by the ~7% we'd see with 2% inflation.
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Julia Pollak
4 years
Unemployment rates in the nation's 10 largest metro areas: 16.4% - New York 16.8% - Los Angeles 12% - Chicago 7.5% - Dallas 9.4% - Houston 7.9% - Washington, D.C. 13.2% - Miami 14.1% - Philadelphia 8.5% - Atlanta 10.3% - Phoenix
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Julia Pollak
1 year
New state employment and unemployment data out from @BLS_gov today shows a tale of two labor markets
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Julia Pollak
2 years
And a major reason the children of immigrants are so upwardly mobile, according to research by @leah_boustan and Ran Abramitzky, is that they move to the places within the country with the best opportunities, and aren’t tethered to places that are in decline.
@DKThomp
Derek Thompson
2 years
One theme of the Chetty et al papers has been the link between geographical and social mobility. The rich move more, move farther, build more relationships far from home, and have greater capacity to sort and match away from home. Movement within America is classed.
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Julia Pollak
4 years
Two issues with the implication in this tweet: - The study shows cases among people who “claim” to wear masks. Large literature finds self-reports of socially desirable behavior are unreliable. - You’re not accounting for differences in risk/exposure
@pdubdev
Real Developments, CFA
4 years
CDC study show 85% of Covid cases were people who Often or Always wear masks. Uh oh....
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Julia Pollak
6 years
BREAKING: September job growth weaker than expected at 134,000, but... July job growth revised up from +147,000 to +165,000 August job growth revised up from +201,000 to +270,000 So employment gains in July and August combined were 87,000 more than previously reported
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Julia Pollak
1 year
We hear this from so many companies. Their own sales are soaring so they’re having to hire like mad, but at the same time they feel pressure to develop downsizing plans to prepare for the recession they’re told is just around the corner
@carlquintanilla
Carl Quintanilla
1 year
UNITED AIRLINES CEO: "If I didn't watch @CNBC in the morning -- which I do -- the word 'recession' wouldn't be in my vocabulary. You just can't see it in our data." @SquawkCNBC $UAL
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Julia Pollak
4 years
BREAKING: Congress Reaches Deal on Funding PPP, $470 Billion in New Spending
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Julia Pollak
10 months
And this was at one of the best hospitals in the country, with decorated and widely published oncologists and surgeons trained at top institutions like Harvard Medical School.
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Julia Pollak
4 years
1/ Thread on U.S. responses to pandemics over the decades TL/DR: On every occasion, the U.S. was slow to recognize problem and respond; either overestimated or underestimated the risk; experienced massive setbacks that delayed response; often escaped due to sheer luck
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Julia Pollak
4 years
In a recent ⁦⁦ @ZipRecruiter ⁩ survey, 71% of job seekers ranked cost savings from commuting as the most important benefit to them of remote work. ⁦ @ModeledBehavior ⁩’s calculations show why this has been such a boon.
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Julia Pollak
3 years
Which states did the best in dealing with Covid? Your view may depend on how highly you value jobs saved vs. lives saved. The higher up the dot, the higher the death rate. The further left, the higher the job losses. Bottom right corner is best.
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Julia Pollak
2 years
The economy has recovered the *number* of jobs lost in the pandemic, but not the same ones. Jobs have moved to different industries. What surprises me most in this chart is the persistence of the Covid shock. Things did not go back to normal once lockdowns ended.
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Julia Pollak
5 months
Many #JobsReport watchers today are saying there is "no sign of weakness" in the labor market. I respectfully disagree. Outside of healthcare, government, and leisure and hospitality, there are signs of weakness as far as the eye can see. Consider biz employment..
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Julia Pollak
2 years
This unemployment report is incredible. Wow. Had the prior relationship between Covid cases and employment held true, 800k daily new Covid cases would have led to 2.3 million job losses. Instead, we saw 467,000 job GAINS!
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Julia Pollak
10 months
@Menright24 The insurance policy had an $8k annual out of pocket cap. UCLA Santa Monica halted surgery to be paid in cash, I kid you not.
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Julia Pollak
2 years
"What causes inflation? In almost all cases of large or persistent inflation, the culprit turns out to be the same—growth in the quantity of money." - @gregmankiw
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Julia Pollak
5 years
Lower-income workers are quitting their jobs for better opportunities at higher rates than in the past, says @sechaney , highlighting a recent @NYFedResearch survey. Here’s to dynamic labor markets and better matches between job seekers and employers 🍻
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Julia Pollak
2 years
I so miss my dear mother, who passed away three short weeks ago after a devastating 7-month battle with cancer. She was a single mom and I her only child, so I was her +1 at everything. We were a gruesome twosome, she liked to say. Forever grateful to have had such a great mother
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Julia Pollak
1 year
CPI inflation is 4.9% YoY, but only 3.2% on a 3-month annualized basis. Ignoring higher inflation late last year and zooming in on what is happening now, inflation is modest and falling, even as the economy adds hundreds of thousands of jobs and unemployment hits a 70-year low.
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Julia Pollak
3 years
The NYT and WSJ today draw the opposite conclusions about how job search has responded to the cancellation of enhanced unemployment benefits in Missouri. Let me give you a few reasons why it is too soon to tell and much harder to infer the causal effect than perhaps it seems.
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Julia Pollak
5 years
The retail apocalypse continues. But e-commerce is creating many more jobs right now than are being lost in traditional retail stores.
@nmeyersohn
Nathaniel Meyersohn
5 years
Lowe's is laying off thousands of workers
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Julia Pollak
1 year
@arpitrage But household debt service payments as a share of disposable income are still low historically, and below their Feb 2020 share
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Julia Pollak
5 years
Is violence in America going up? Actually no.
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Julia Pollak
2 years
Want to see an encouraging labor market chart? This shows labor force participation for people with disabilities—way up in a tight labor market where remote work has become the norm in many industries, not the exception.
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Julia Pollak
4 years
3/ I had assumed the opposite and was going to suggest that increased diversity in recruitment could help alleviate racial bias in the police force and military and improve public perceptions. But it turns out these institutions are already some of the most diverse in the nation
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Julia Pollak
1 year
California is in a recession, according to the Sahm rule. The 3-month moving average of the state unemployment rate has risen by 0.6 percentage points relative to its low in the last year. It's now 4.43%, up from 3.83% in August 2022.
@juliaonjobs
Julia Pollak
1 year
New state employment and unemployment data out from @BLS_gov today shows a tale of two labor markets
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Julia Pollak
3 years
Penguins take an accidental selfie after finding a camera in Antarctica via @YouTube
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Julia Pollak
2 years
Grateful to all the sailors, soldiers, and airmen who made the ultimate sacrifice defending our freedom and democracy. 🇺🇸
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Julia Pollak
4 years
California National Guard helicopter pilots have been rescuing stranded hikers during the fires. I’m moved to see them being honored today, and proud of the great military helo community.
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Julia Pollak
4 years
The labor market was in free fall for weeks after the #COVID19 crisis struck, but now several indicators are stabilizing or rebounding. See my latest on why there is reason for optimism.
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Julia Pollak
2 years
States that voted for Biden have lost -723.5k jobs since Covid, while states that voted for Trump have added +1.186M, according to @BLS_gov data. BIG WINNERS +563.9k Texas +371.9k Florida +180.9K North Carolina BIG LOSER -327.8k New York How will that affect '24 election?
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Julia Pollak
8 months
@JustinWolfers Food prices generally are up 23.5% since Feb 2020. Had they grown at the prior 2% rate, they’d only be up 7%. Cumulative inflation is what matters for consumers, not MoM inflation. And people see grocery prices frequently, so they’re most salient.
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Julia Pollak
3 months
Harvard needs to fix its problems this year or else it will suffer lasting damage to its reputation. Harvard alumni, there’s only a week left to nominate fresh leadership to the Board of Overseers. Nominate new oversight TODAY!
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Julia Pollak
10 months
This was for a standard bronchoscopy to determine lung cancer type and treatment regimen, following a CT scan which detected likely lung cancer
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Julia Pollak
1 year
Proposal: Let’s keep the FDIC cap at $250K and allow depositors with more to buy insurance provided by the market—the same way we buy insurance against other calamities. The added benefit would be that insurers would act like bank regulators—just do it smarter and better. 💡
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Julia Pollak
2 years
This is interesting. It suggests supply chain issues are more to blame than wage growth, since restaurants are more labor-intensive (they have a higher worker-to-food ratio)
@byHeatherLong
Heather Long
2 years
Wow. It's pretty wild that "food at home" (aka groceries) is now seeing faster price increases (6.4% in past year) than "food away" (aka restaurants, where prices are up 5.8% in past year)
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Julia Pollak
29 days
Housing and car insurance are the main drivers of today’s high core inflation print. Energy prices are the main driver of the increase in the overall CPI. Outside of those categories, the prices of goods and services are relatively stable, and some are even falling.
@BLS_gov
BLS-Labor Statistics
29 days
CPI for all items rose 0.4% in March; shelter and gasoline up #CPI #BLSdata
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Julia Pollak
10 months
@Ronin1809 @ScottAdamsSays It is totally implausible but true, sadly
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Julia Pollak
9 months
Another goldilocks jobs report: - 187K net new payrolls - Unemployment down to 3.5% - 4.4% YoY wage growth
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Julia Pollak
4 years
Before there was #Covid , there was the fastest growth in median household income on record
@NickTimiraos
Nick Timiraos
4 years
Median household income was $68,700 in 2019, up 6.8% from the prior year and the highest figure on record. The poverty rate was 10.5%, a drop of 1.3 percentage points from the year before and its lowest level since 1959, the first year it was tracked.
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Julia Pollak
2 years
Nonsense. The baby formula crisis is 100% government-made. Overregulation has produced a fragile market with insufficient competition. And the government was aware of a problem for months but made no contingency plans prior to the Abbott Laboratories plant closure.
@thenation
The Nation
2 years
The formula crisis is about capitalism—and the pressure to breastfeed about disregarding women.
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Julia Pollak
4 years
2/ Blacks, especially women, are overrepresented in the U.S. military (except black men in the @USMC , strangely). There are nearly as many black women as white women in @USArmy , even though there are 5 times as many employed white women as black women in 🇺🇸
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Julia Pollak
6 years
BREAKING: Unemployment fell to the lowest rates ever recorded in four states in August: Idaho (2.8 percent) Oregon (3.8 percent) South Carolina (3.4 percent) Washington (4.5 percent) @BLS_gov
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Julia Pollak
2 years
In 2020, Joe Biden promised to “end” the oil industry. In 2022, he is berating it for not investing more in refinery capacity.
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@JavierBlas
Javier Blas
2 years
President Biden writes to oil executives complaining (!!!) the industry shut down too much refining capacity: “At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable" (full letter via @axios ) #OOTT
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Julia Pollak
2 years
We are on the verge of a complete private sector recovery, with 99% of private sector jobs lost in the pandemic now recovered, but only 58% of the public sector jobs. Which raises the question: What have we done with all that Covid relief money sent to state & local governments?
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Julia Pollak
4 years
California Gov. Gavin Newsom mandated that both public and private schools in certain counties could NOT reopen for in-person learning, but summer camps could. So some private schools are changing their names and reopening as summer camps.
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Julia Pollak
1 year
This jobs report is almost too good to be true...at least in the short term. In macroeconomics, almost everything that is good in the short term is bad in the long term, and vice versa. Continued labor market heat could cause the Fed to keep rates higher for longer.
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Julia Pollak
3 months
Very interesting chart. Men grew up faster in the 70s and 80s.
@lymanstoneky
Lyman Stone 石來民 🦬🦬🦬
3 months
it's been a good run everyone
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Julia Pollak
3 years
A disappointing September #JobsReport : 📉Only 194k jobs created 📉A big drop in the unemployment rate to 4.8% down from 5.2%, partly because the labor force participation rate remained an anemic 61.6% 📈 4.6% YoY growth in hourly wages
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Julia Pollak
3 years
The Jerusalem Symphony Orchestra recorded the UAE's national anthem to celebrate the Abraham Accords, & now it's recorded the Moroccan anthem to celebrate the normalization of relations—sweet reminders that some very good things happened in 2020, too.
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Julia Pollak
4 months
I am running for @Harvard Board of Overseers to help reverse the decline of civic culture on campus. My platform is simple: - Restore leadership excellence - Uphold academic freedom - Protect all students from harassment - Remedy mismanagement
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Julia Pollak
9 months
The ⁦ @Conferenceboard ⁩’s Leading Economic Index fell again in July, forecasting a slowdown. But this time may be different. Most indicators are at very healthy levels, but the index tracks movement and most are declining…from completely unusual record highs, as expected.
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Julia Pollak
2 years
When I see how hard it is to build a dam or a power plant in the U.S. these days, I worry no key stakeholders fully appreciate the costs of failure. Come visit South Africa, and they will become immediately apparent. It should be a massive warning sign to the U.S.
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Julia Pollak
10 months
And just like that, my youngest is 2! 💕
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Julia Pollak
2 years
There are NO recession warning bells in this jobs report. Instead: - Temporary help services (which typically declines in the months leading up to a recession) grew by +27.1k. - Average weekly hours held steady - Part-time for economic reasons fell (-306k)
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Julia Pollak
6 years
In 2014, the Obama Admin stopped enforcing immigration law and stopped detaining people who crossed the border illegally if they came with children. NYT wrote about the unintended consequences: smugglers and traffickers started using more children. Complicated problem.
@joelpollak
Joel Pollak
6 years
You mean Trump's policy of "zero tolerance" toward adults who cross illegally, regardless of whether they are with children or not? "Family separation" has been the law of the land since the Clinton administration @GideonResnick via @thedailybeast
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Julia Pollak
3 years
Wait, you can’t just regulate prices?
@hblodget
Henry Blodget
3 years
Rent control in San Francisco backfired. It led to a 25% reduction in the number of rental apartments — and thereby contributed to skyrocketing "market" rents.
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Julia Pollak
5 years
Do people move to Medicaid expansion states from non-expansion states to get health coverage? The answer is NO. Now there’s an indication of how low geographic mobility is in the U.S. today.
@JPAM_DC
Journal of Policy Analysis and Management
5 years
The expansion of Medicaid to low‐income adults is a key component of the Affordable Care Act's strategy to health insurance coverage. Do people move to Medicaid expansion states from non-expansion states? See the JPAM article by @goodmanl for the answer
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Julia Pollak
1 year
After population adjustments, labor force participation is still a soggy 62.4%, well below its pre-pandemic 63.3%. The labor force shortfall of about 3.5 million workers is constraining job growth, as high as it is.
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Julia Pollak
2 years
Thanks to @ShiraOvide for letting me vent—in the @nytimes —about how, even though modernizing electronic medical records became all the rage in 2009, educational records are still relegated to filing cabinets, snail mail, & fax machines 10+ years later.
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Julia Pollak
5 years
Breaking: a strong jobs report showing 136k new jobs added to payrolls, record-low unemployment of 3.5%, but a further decline in wage growth to 2.9%.
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Julia Pollak
4 years
The employment gain in today's #JobsReport is higher for blacks (1.4%) than for whites (0.6%) or Hispanics (0.7%), largely driven by job growth in warehousing and delivery, industries where blacks are overrepresented
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Julia Pollak
2 years
It's hard to take politicians or the press seriously when they're all crammed into a room, unmasked, with shockingly poor ventilation, after two years of scolding everyone else. Come on, man.
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@DrEricDing
Eric Feigl-Ding
2 years
Wow—a CO2 concentration reading at the @WHCA dinner tonight… at 8:20pm. A CO2 of 2233 is over *5.5x higher* than outdoors, and is a sign of VERY poor ventilation. They should have added more air disinfection at #whitehousecorrespondentsdinner . From @nalticx . #COVIDisAirborne
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Julia Pollak
4 years
A brilliant paper by the world's leading market design experts recommends using a similar system to allocate ventilators as the oversubscribed New York City Marathon uses to allocate 53K slots to runners. Divide into several tranches, each with different priority ranking system.
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Julia Pollak
3 years
Thank you to the entire care team @UCLAHealth BirthPlace Santa Monica for the world-class care. Everyone was skillful, professional, attentive, compassionate, kind, and totally supportive of my wishes. And L&D nurses, thanks for all the fun!
@juliaonjobs
Julia Pollak
3 years
Not sure what’s been going on here over the past two days, because I’ve been staring at our new baby girl, Amira Leah Pollak, born Friday morning. Overjoyed and immeasurably grateful. 💖
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Julia Pollak
1 year
A rising share of the people getting jobs right now are going from being outside the labor force one month to being employed the next. They're bypassing that whole uncomfortable "unemployment" phase entirely.
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Julia Pollak
6 years
Breaking: An astonishingly good job report 250,000 new jobs Job gains in ALL industries Labor force participation up 0.2% Employment-population ratio up 0.2% Unemployment steady at a record low 3.7%, down 0.4% YoY
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Julia Pollak
2 years
Latest stat I had to check twice: There were ~3.7 million live births in the U.S. in 2021. There were ~630,000 abortions. That's about one-sixth as many. Not a normative statement about how the world should/shouldn't be, but about how it is and the scale of this issue.
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Julia Pollak
1 year
The tooth fairy left my 7-year-old money, but apparently he’s no longer fooled
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Julia Pollak
3 years
Our company listed on the NYSE today. But that's nothing. 🎉Our CEO made @ratemyskyperoom !
@ratemyskyperoom
Room Rater
3 years
Well presented branding set up. Pillow. Love the green chair. Good plant game. Just one book is preferred. 9/10 @ZipRecruiterCEO
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Julia Pollak
4 years
4/ Can anyone direct me towards the best and most recent research on the effect of police officer diversity on police-caused homicide? cc: @jenniferdoleac
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Julia Pollak
3 months
Narrator: No, wage growth isn’t a problem for the Fed. Wages still have some catching up to do after 25 months of real wage declines. And besides, wage growth this high is not inflationary given how high productivity growth is.
@carlquintanilla
Carl Quintanilla
3 months
FITCH: ".. There is simply no way that 350,000 job gains in a month is consistent with a further cooling of the labor market. This elevates the risk that nominal wage growth will not fall back to levels consistent with reaching the inflation target on a sustained basis,…
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Julia Pollak
2 years
My 9-year-old asked me to buy her a Jimi Hendrix T-shirt this morning, and I think we’re doing alright
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Julia Pollak
1 year
Here's where it's at, folks. This is the chart to watch, and the one that should make labor market observers worry. Construction job openings plummeted in January. Not surprising, given high interest rates & the housing recession. But it could spell large job losses ahead. #JOLTS
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Julia Pollak
1 month
Here’s what I don’t understand: The recent @federalreserve Beige Book contained dozens of mentions of businesses saying consumer spending is falling. But spending is growing in real terms, and at quite a clip. Why the continued disconnect between anecdote and data?
@bencasselman
Ben Casselman
1 month
Feb. income/spending data: After-tax income: +0.2% Consumer spending: +0.8% Consumer prices: +0.3% m/m, 2.5% y/y Core prices: +0.3% m/m, 2.8% y/y Data:
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