Doug Webber
@dougwebberecon.bsky.social
Section Chief, @federalreserve. Opinions are my own. I have many dogs.
Reposted by Doug Webber
More available jobs tend to raise wages, but do strong labor markets improve job quality, too?
A new study by @bradhershbein.bsky.social Katherine Lim, @dougwebberecon.bsky.social and Mike Zabek finds they do—and not just because more workers change jobs.
https://bit.ly/4gJcoSs
A new study by @bradhershbein.bsky.social Katherine Lim, @dougwebberecon.bsky.social and Mike Zabek finds they do—and not just because more workers change jobs.
https://bit.ly/4gJcoSs
More than money: How strong job markets improve job quality
bit.ly
August 20, 2026 at 11:17 PM
More available jobs tend to raise wages, but do strong labor markets improve job quality, too?
A new study by @bradhershbein.bsky.social Katherine Lim, @dougwebberecon.bsky.social and Mike Zabek finds they do—and not just because more workers change jobs.
https://bit.ly/4gJcoSs
A new study by @bradhershbein.bsky.social Katherine Lim, @dougwebberecon.bsky.social and Mike Zabek finds they do—and not just because more workers change jobs.
https://bit.ly/4gJcoSs
Game of Thrones, but each house is a different statistical software package.
SPSS dies in episode 1 after stumbling off a cliff or something humiliating.
COBOL is a surprise entrant late in the series nobody has heard of, but it turns out they have been secretly running things behind the scenes.
SPSS dies in episode 1 after stumbling off a cliff or something humiliating.
COBOL is a surprise entrant late in the series nobody has heard of, but it turns out they have been secretly running things behind the scenes.
youve got 5.6 billion to make a 7 season 56 episode show airing over 15 years, wdyd
Trying to do a daily dumb little prompt to not think about The Horrors
August 15, 2026 at 8:52 PM
Game of Thrones, but each house is a different statistical software package.
SPSS dies in episode 1 after stumbling off a cliff or something humiliating.
COBOL is a surprise entrant late in the series nobody has heard of, but it turns out they have been secretly running things behind the scenes.
SPSS dies in episode 1 after stumbling off a cliff or something humiliating.
COBOL is a surprise entrant late in the series nobody has heard of, but it turns out they have been secretly running things behind the scenes.
1) Saw a live musical for the first time in years, which is saying something because I was a very heavy consumer of musical theatre most of my life
2) I can't stop rewatching my favorite song from the show (below)
3) Ana Gasteyer was amazing (as was the rest of the cast)
youtu.be/tpwCZokDwmE?...
2) I can't stop rewatching my favorite song from the show (below)
3) Ana Gasteyer was amazing (as was the rest of the cast)
youtu.be/tpwCZokDwmE?...
A Performance from Schmigadoon!: Tribulation | The Tonight Show Starring Jimmy Fallon
YouTube video by The Tonight Show Starring Jimmy Fallon
youtu.be
August 10, 2026 at 11:49 PM
1) Saw a live musical for the first time in years, which is saying something because I was a very heavy consumer of musical theatre most of my life
2) I can't stop rewatching my favorite song from the show (below)
3) Ana Gasteyer was amazing (as was the rest of the cast)
youtu.be/tpwCZokDwmE?...
2) I can't stop rewatching my favorite song from the show (below)
3) Ana Gasteyer was amazing (as was the rest of the cast)
youtu.be/tpwCZokDwmE?...
Reposted by Doug Webber
Higher education is often viewed as a valuable investment, but returns vary across students and pathways.
In a new chapter, Douglas A. Webber and Celeste K. Carruthers examine the evidence on the returns to four-year higher education.
Learn more: livehandbook.org/higher-educa...
In a new chapter, Douglas A. Webber and Celeste K. Carruthers examine the evidence on the returns to four-year higher education.
Learn more: livehandbook.org/higher-educa...
June 18, 2026 at 6:08 PM
Higher education is often viewed as a valuable investment, but returns vary across students and pathways.
In a new chapter, Douglas A. Webber and Celeste K. Carruthers examine the evidence on the returns to four-year higher education.
Learn more: livehandbook.org/higher-educa...
In a new chapter, Douglas A. Webber and Celeste K. Carruthers examine the evidence on the returns to four-year higher education.
Learn more: livehandbook.org/higher-educa...
Reposted by Doug Webber
New #FEDSPaper: Local Labor Market Tightness and Job Quality: Evidence from Job Changers: www.federalreserve.gov/econres/feds... #EconSky
Local Labor Market Tightness and Job Quality: Evidence from Job Changers
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
June 23, 2026 at 7:31 PM
New #FEDSPaper: Local Labor Market Tightness and Job Quality: Evidence from Job Changers: www.federalreserve.gov/econres/feds... #EconSky
I (joint with three wonderful coauthors: Katie Lim, @bradhershbein.bsky.social , and Mike Zabek) have a new working paper on local labor market tightness and job quality.
www.federalreserve.gov/econres/feds...
www.federalreserve.gov/econres/feds...
Local Labor Market Tightness and Job Quality: Evidence from Job Changers
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
June 22, 2026 at 9:29 PM
I (joint with three wonderful coauthors: Katie Lim, @bradhershbein.bsky.social , and Mike Zabek) have a new working paper on local labor market tightness and job quality.
www.federalreserve.gov/econres/feds...
www.federalreserve.gov/econres/feds...
Reposted by Doug Webber
The most ambitious crossover event in history: SHED data in FRED!
news.research.stlouisfed.org/2026/06/fred...
news.research.stlouisfed.org/2026/06/fred...
FRED Adds Survey of Household Economics and Decisionmaking (SHED) Data | St. Louis Fed Economic Research
FRED has added 85 data series from the Survey of Household Economics and Decisionmaking (SHED) reported by the Board of Governors of the Federal Reserve System. The survey measures the economic well-b...
news.research.stlouisfed.org
June 10, 2026 at 9:35 PM
The most ambitious crossover event in history: SHED data in FRED!
news.research.stlouisfed.org/2026/06/fred...
news.research.stlouisfed.org/2026/06/fred...
Somebody got their summer haircut today and doesn't understand why the house suddenly feels cold.
May 28, 2026 at 12:19 AM
Somebody got their summer haircut today and doesn't understand why the house suddenly feels cold.
Happy SHED Day!
The annual Survey of Household Economics and Decisionmaking (SHED) offers insight into the financial well-being of U.S. adults and their families & provides important information about how people are faring in the economy: (1/4) www.federalreserve.gov/newsevents/p... youtu.be/Eh4eFnUt1mk
Federal Reserve Board issues Economic Well-Being of U.S. Households in 2025 report
The Federal Reserve Board on Wednesday issued its Economic Well-Being of U.S. Households in 2025 report, which examines the financial circumstances of U.S. a
www.federalreserve.gov
May 13, 2026 at 10:29 PM
Happy SHED Day!
Reposted by Doug Webber
Use the SHED and want an easier way to see all the survey questions over time? Now you can! I've built a new question tracker to show the questions asked in each year of the survey at shed.jefflarrimore.com (1/2)
May 3, 2026 at 8:48 PM
Use the SHED and want an easier way to see all the survey questions over time? Now you can! I've built a new question tracker to show the questions asked in each year of the survey at shed.jefflarrimore.com (1/2)
Reposted by Doug Webber
In case anyone is interested in the US Census Bureau data on AI adoption that was published today, my newsletter has a summary post.
Link: macromostly.substack.com/p/an-update-...
Link: macromostly.substack.com/p/an-update-...
April 24, 2026 at 9:44 PM
In case anyone is interested in the US Census Bureau data on AI adoption that was published today, my newsletter has a summary post.
Link: macromostly.substack.com/p/an-update-...
Link: macromostly.substack.com/p/an-update-...
Reposted by Doug Webber
"It’s a bright spot on the moon,” CSA astronaut Jeremy Hansen said, his voice breaking up, “and we would like to call it Carroll.”
The crew all shared a hug after.
www.nytimes.com/2026/04/06/s...
The crew all shared a hug after.
www.nytimes.com/2026/04/06/s...
Astronauts Dedicate Moon Crater to Carroll Wiseman, Wife of NASA Commander
www.nytimes.com
April 6, 2026 at 11:58 PM
"It’s a bright spot on the moon,” CSA astronaut Jeremy Hansen said, his voice breaking up, “and we would like to call it Carroll.”
The crew all shared a hug after.
www.nytimes.com/2026/04/06/s...
The crew all shared a hug after.
www.nytimes.com/2026/04/06/s...
Reposted by Doug Webber
Fascinating paper just out in @jlaborecon.bsky.social by Ben Ost, Weixiang Pan, and @dougwebberecon.bsky.social.
Part of the economic value of college comes not from human capital or signaling but from a third thing: professional networks.
www.journals.uchicago.edu/doi/full/10....
Part of the economic value of college comes not from human capital or signaling but from a third thing: professional networks.
www.journals.uchicago.edu/doi/full/10....
April 2, 2026 at 1:48 PM
Fascinating paper just out in @jlaborecon.bsky.social by Ben Ost, Weixiang Pan, and @dougwebberecon.bsky.social.
Part of the economic value of college comes not from human capital or signaling but from a third thing: professional networks.
www.journals.uchicago.edu/doi/full/10....
Part of the economic value of college comes not from human capital or signaling but from a third thing: professional networks.
www.journals.uchicago.edu/doi/full/10....
Reposted by Doug Webber
"there is no evidence of a reduction in job postings for industries or firms which have higher levels of AI adoption. The overall slowdown in national job postings...does not appear to be driven (even modestly) by AI."
AI Adoption & Firms' Job-Posting Behavior by Liu and @dougwebberecon.bsky.social
AI Adoption & Firms' Job-Posting Behavior by Liu and @dougwebberecon.bsky.social
AI Adoption and Firms' Job-Posting Behavior
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
March 30, 2026 at 7:32 PM
"there is no evidence of a reduction in job postings for industries or firms which have higher levels of AI adoption. The overall slowdown in national job postings...does not appear to be driven (even modestly) by AI."
AI Adoption & Firms' Job-Posting Behavior by Liu and @dougwebberecon.bsky.social
AI Adoption & Firms' Job-Posting Behavior by Liu and @dougwebberecon.bsky.social
Reposted by Doug Webber
New #FEDSNote: AI adoption, whether at the firm or industry level, has had no discernable negative impact on job posting behavior: www.federalreserve.gov/econres/note... #EconSky
AI Adoption and Firms' Job-Posting Behavior
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
March 27, 2026 at 7:32 PM
New #FEDSNote: AI adoption, whether at the firm or industry level, has had no discernable negative impact on job posting behavior: www.federalreserve.gov/econres/note... #EconSky
Up a little early wrapping homemade apple cider caramels to bring into my office. Clearly I love the people I work with!
February 18, 2026 at 11:58 AM
Up a little early wrapping homemade apple cider caramels to bring into my office. Clearly I love the people I work with!
Total banger, highly recommend.
youtu.be/yZaXnlp0bxU?...
youtu.be/yZaXnlp0bxU?...
Current Employment Statistics monthly revisions and annual benchmarking explained, February 2025
YouTube video by BLS Videos
youtu.be
February 10, 2026 at 2:42 AM
Total banger, highly recommend.
youtu.be/yZaXnlp0bxU?...
youtu.be/yZaXnlp0bxU?...
I was listening to this part of the podcast on a crowded train this morning, and I couldn't hold it together. Openly laughing and probably looking like a crazy person.
Will Arnett was on Conan and told a story about how Conan dealt with the death of his parents by accusing Jason Bateman of killing them. It’s so funny.
December 9, 2025 at 10:49 PM
I was listening to this part of the podcast on a crowded train this morning, and I couldn't hold it together. Openly laughing and probably looking like a crazy person.
Reposted by Doug Webber
@dubravkaritter.bsky.social, @dougwebberecon.bsky.social, and I have a new Education Next article out that offers a less technical look at our research on predicting college closures using machine learning techniques.
Colleges Are Closing. Who Might Be Next?
How machine learning can fill data gaps and help forecast the future
www.educationnext.org
November 25, 2025 at 10:13 AM
@dubravkaritter.bsky.social, @dougwebberecon.bsky.social, and I have a new Education Next article out that offers a less technical look at our research on predicting college closures using machine learning techniques.
I truly enjoy a mischevious dog who likes to cause minor trouble.
July 15, 2025 at 1:40 AM
I truly enjoy a mischevious dog who likes to cause minor trouble.
"The combination of luck, the courage to make mistakes, and a little initiative can lead to much success. But know this: the world needs more from you than personal achievements and individual success. I strongly urge you to find time in your careers for public service." -Chair Powell
Baccalaureate remarks by Chair Powell at the Princeton University Baccalaureate Ceremony
Thank you, President Eisgruber, for the opportunity to speak here today. Congratulations to the Princeton University class of 2025 on the tremendous achievemen
www.federalreserve.gov
May 25, 2025 at 8:31 PM
"The combination of luck, the courage to make mistakes, and a little initiative can lead to much success. But know this: the world needs more from you than personal achievements and individual success. I strongly urge you to find time in your careers for public service." -Chair Powell
Reposted by Doug Webber
New study: The relative wage premium for going to college has halved for low-income Americans since 1960.
What is to blame? Rising selectivity? Tuition hikes? State disinvestment? We decompose changes in the premium since 1900 to find out.
🧵#EconTwitter nber.org/papers/w33797
What is to blame? Rising selectivity? Tuition hikes? State disinvestment? We decompose changes in the premium since 1900 to find out.
🧵#EconTwitter nber.org/papers/w33797
May 19, 2025 at 11:24 AM
New study: The relative wage premium for going to college has halved for low-income Americans since 1960.
What is to blame? Rising selectivity? Tuition hikes? State disinvestment? We decompose changes in the premium since 1900 to find out.
🧵#EconTwitter nber.org/papers/w33797
What is to blame? Rising selectivity? Tuition hikes? State disinvestment? We decompose changes in the premium since 1900 to find out.
🧵#EconTwitter nber.org/papers/w33797
Actual conversation:
Catherine: "Doug!"
Me: "Yes?
C: "Do you want to see something really cool!?"
Me: "Is it another STATA graph?"
C: "Yes!"
Catherine: "Doug!"
Me: "Yes?
C: "Do you want to see something really cool!?"
Me: "Is it another STATA graph?"
C: "Yes!"
May 13, 2025 at 10:52 PM
Actual conversation:
Catherine: "Doug!"
Me: "Yes?
C: "Do you want to see something really cool!?"
Me: "Is it another STATA graph?"
C: "Yes!"
Catherine: "Doug!"
Me: "Yes?
C: "Do you want to see something really cool!?"
Me: "Is it another STATA graph?"
C: "Yes!"