Liberty Street Economics
March 30, 2012

Reconciling Contrasting Signals in the Labor Market: The Role of Participation

The contrasting movements in the employment-to-population ratio (E/P) and the unemployment rate recently have been striking and puzzling.

Historical Echoes: How the BLS Measured Up

The measurement of employment and unemployment in the United States has a long history–longer, in fact, than that of other measures of economic activity.

Just Released: Chairman Bernanke Returns to His Academic Roots, Part 2

his week, Federal Reserve Chairman Ben Bernanke completed his four-lecture series for undergraduate students at the George Washington School of Business in Washington, D.C.

March 29, 2012

Skills Mismatch, Construction Workers, and the Labor Market

Recessions and recoveries typically have been times of substantial reallocation in the economy and the labor market, and the current cycle does not appear to be an exception.

March 28, 2012

The Bathtub Model of Unemployment: The Importance of Labor Market Flow Dynamics

An alternative to Okun’s law to understand unemployment dynamics is to examine the evolution of the unemployment inflow and outflow rates.

March 27, 2012

Okun’s Law and Long Expansions

Economic forecasters frequently use a simple rule of thumb called Okun’s law to link their real GDP growth forecasts to their unemployment rate forecasts.

March 26, 2012

Prospects for the U.S. Labor Market

The unemployment rate in the United States fell from 9.1 percent in the summer of 2011 to 8.3 percent in February.

March 23, 2012

Just Released: Chairman Bernanke Returns to His Academic Roots

Federal Reserve Chairman Ben Bernanke is back in the classroom this month to deliver a series of four lectures for undergraduate students at the George Washington School of Business in Washington, D.C.

March 21, 2012

The Changing Face of Foreclosures

The foreclosure crisis in America continues to grow, with more than 3 million homes foreclosed since 2008 and another 2 million in the process of foreclosure.

Just Released: January’s Indexes of Coincident Economic Indicators Show Fairly Robust Activity across the Region

The January Indexes of Coincident Economic Indicators for New York State, New York City, and New Jersey, released today, show fairly robust economic growth entering 2012.

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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