Christine Zhang
christinezhang.bsky.social
Christine Zhang
@christinezhang.bsky.social
Teamed up with @shanegoldmacher.bsky.social to take a look at the NJ governor’s race & what its results could tell us about the durability of Trump’s 2024 gains/“realignments”

www.nytimes.com/2025/10/30/u...
What New Jersey Could Reveal About the Rightward Shift of Hispanic Voters
www.nytimes.com
October 30, 2025 at 2:18 PM
Reposted by Christine Zhang
New w/ @bencasselman.bsky.social: Wealthy Americans, buoyed by a booming stock market, are spending freely. Lower-income households, stung by inflation and a slowing labor market, are pulling back

www.nytimes.com/2025/10/19/b... @nytimes.com
October 20, 2025 at 2:50 PM
Reposted by Christine Zhang
The Fed’s decision today to enact a quarter-point rate cut was not unanimous. Stephen Miran, Trump’s latest appointee to the board, cast a dissenting vote in favor of a bigger cut (half-point)

My chart showing some recent Fed governor dissents in today’s live blog:

www.nytimes.com/live/2025/09...
September 17, 2025 at 6:33 PM
NEW: Labor Day is the end of summer (in the cinema box office)

This summer at the movies was the worst $$ since 1981, adjusting for inflation & excluding the Covid period, when many theaters were closed

Story by @theancientqueen.bsky.social & me - 🎁 LINK nyti.ms/42ap6ly
September 3, 2025 at 2:49 PM
Reposted by Christine Zhang
"This was supposed to be the summer when the North American box office returned to form — finally from the pandemic slump."

Via @christinezhang.bsky.social and Brooks Barnes:

www.nytimes.com/interactive/...
How Hollywood Missed the Mark on Summer Movies This Year
The movie industry had high hopes that box office sales would return to pre-pandemic levels. It didn’t come close.
www.nytimes.com
September 3, 2025 at 2:17 PM
If Trump succeeds in replacing Cook and Kugler, his nominees would make up a majority of the Federal Reserve’s 7-person Board of Governors

🎁 link to our story: nyti.ms/4mBYJxm
August 27, 2025 at 4:01 PM
Reposted by Christine Zhang
Data revisions are a normal, necessary part of trying to measure a $30 trillion economy in real time. They can also be jarring, especially for people who don't obsessively scrutinize every jobs report.
So I dug into the how and why of revisions. A few big takeaways:
#EconSky
Why the B.L.S. Regularly Revises Jobs Data
www.nytimes.com
August 6, 2025 at 4:26 PM
last friday, job gains from May+June were revised down by a total of ~258,000. the downward revisions hit virtually every sector, but jobs in state+local government were revised down the most

story by @bencasselman.bsky.social about why revisions happen, 📊📈 by Keith Collins+me

🎁 nyti.ms/4fpAbEI
August 6, 2025 at 3:00 PM
Reposted by Christine Zhang
Claudia Sahm's substack is where I read about education sector. She shows seasonal adjustment (SA) as problem with May initial release and data collection problem in June, particularly education. So, more complicated than I had thought. More than just SA. stayathomemacro.substack.com/p/job-growth...
Job growth has slowed sharply; the question is why
After an avalanche of data last week, there are more signs of a slowing economy.
stayathomemacro.substack.com
August 6, 2025 at 1:22 PM
Reposted by Christine Zhang
"Uber received a report of sexual assault or sexual misconduct in the United States almost every eight minutes on average between 2017 and 2022, sealed court records show, a level far more pervasive than what the company has disclosed." www.nytimes.com/2025/08/06/b...
Uber’s Festering Sexual Assault Problem
www.nytimes.com
August 6, 2025 at 1:56 PM
CHART: How Mamdani, Cuomo & Lander voters filled out their ballots

Mamdani’s most common ballot partner was Lander, Lander’s was (to a lesser extent) Mamdani, Cuomo’s was himself/blank

Story by Meghan Morris, Eden Weingart & @emmagf.bsky.social

📊 by Ashley Cai & me
🎁 link --> nyti.ms/3J1Re3R
August 5, 2025 at 4:38 PM
Reposted by Christine Zhang
I have a bunch of writing to put out this month, but I thought it would be good to put out this transcript of an Odd Lots interview with former BLS Commissioner Bill Beach in light of the firing of his successor by Trump on Friday.

www.crisesnotes.com/bloomberg-od...
Bloomberg Odd Lots Podcast Transcript: An Interview with Former BLS Commissioner Bill Beach
Publisher’s note (Nathan Tankus): A while ago I got the permission of my friends at Bloomberg Oddlots to clean up and publish transcripts of episodes that they didn’t have the time or inclination to p...
www.crisesnotes.com
August 4, 2025 at 10:45 AM
a surreal scene at the hotel st george in brooklyn heights this morning
August 3, 2025 at 7:02 PM
busy week for econ data. jobs report out this morning shows significant downward revisions for jobs in May & June, meaning job growth was a lot lower those months (~258K lower) than initially estimated

www.nytimes.com/live/2025/07...
August 1, 2025 at 3:19 PM
Reposted by Christine Zhang
First time there have been two (or more) governor dissents on an interest rate decision since 1993. My colleague @christinezhang.bsky.social had a great chart:
www.nytimes.com/2025/07/30/b...
See How Often Fed Governors Have Broken Ranks
www.nytimes.com
July 30, 2025 at 7:22 PM
Reposted by Christine Zhang
NEW: This morning, we published a detailed look at Trump's second term tariffs -- the rates that each country either faces starting Aug. 1 or has brokered through a preliminary deal. We'll be updating as we learn more.
www.nytimes.com/interactive/...
Tracking Trump’s Tariffs: Rates for China, the E.U. and More
The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on specific products, ...
www.nytimes.com
July 28, 2025 at 12:21 PM
Reposted by Christine Zhang
In his second term, Trump has targeted Powell around 43 times, all since April. The verbal attacks have outpaced those made during the entirety of Trump’s first term.

Via @christinezhang.bsky.social

www.nytimes.com/interactive/...
How Trump’s Attacks on the Fed’s Powell Have Intensified
President Trump has targeted Jerome H. Powell on more than 70 separate occasions, more than half of them since April. His statements fall into four broad categories.
www.nytimes.com
July 25, 2025 at 2:35 PM
Reposted by Christine Zhang
Great story/charts from @lydiadepillis.bsky.social @christinezhang.bsky.social on how health care ate the American economy. This pair of maps is especially striking. #EconSky
www.nytimes.com/interactive/...
July 3, 2025 at 12:02 PM
Reposted by Christine Zhang
For the few years I've been covering jobs reports, and one sector typically rises above the rest, quietly hiring by the thousands: Health care.

How taking care of humans became the biggest employer in America, and what it means for the rest of us:

www.nytimes.com/interactive/...
How Health Care Remade the U.S. Economy
Medicine is now the nation’s largest employer, but its growth may be slowing.
www.nytimes.com
July 3, 2025 at 11:39 AM
Reposted by Christine Zhang
See neighborhood-level election results from the Democratic primary for mayor in New York City.
The Most Detailed Map of New York City Mayoral Primary Results
See neighborhood-level election results from the first round of the mayoral race.
trib.al
June 25, 2025 at 2:00 AM
Reposted by Christine Zhang
Angst about the "revenge tax" in the GOP bill centers around an overarching fear that it will deter foreign investment at exactly the moment the US would value it most

"It’s right for people to be nervous"

www.nytimes.com/2025/06/16/u... w/ Alan Rappeport @nytimes.com
Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’
www.nytimes.com
June 16, 2025 at 3:25 PM
can tariffs pay for tax cuts?

this chart in @lydiadepillis.bsky.social & my story shows an analysis by @taxfoundation.bsky.social

assuming tariffs continue, they won't offset revenue losses from the proposed tax cuts until 2029 — after many cuts are set to expire

🎁 nyti.ms/4kUVgsq
June 11, 2025 at 10:16 PM
Reposted by Christine Zhang
Tickled to team up today with @christinezhang.bsky.social
for this exploration of how tariff revenue is shaping up and whether it could really fill the fiscal hole the Big GOP Spending/Tax/Etc. Bill would create: www.nytimes.com/2025/06/11/b...
(Spoiler: Probably not. Among other problems.)
The House’s Policy Bill Would Lose Money. Could Trump’s Tariffs Replace It?
The short answer is probably not, according to multiple forecasters.
www.nytimes.com
June 11, 2025 at 9:07 PM
Happy Jobs Day (and, apparently), National Donut Day 🍩
news.dunkindonuts.com/blog/celebra...

Charts (though not Donut Charts), to come: www.nytimes.com/live/2025/06... 📊
June 6, 2025 at 12:22 PM