How Attached to the Labor Market Are the Long‑Term Unemployed?
In this second post in our series, we analyze the labor market outcomes of long-term unemployed workers to assess their employability and labor force attachment.
Measuring Labor Market Slack: Are the Long‑Term Unemployed Different?
There has been some debate in the Liberty Street Economics blog and in other outlets, such as Krueger, Cramer, and Cho (2014) and Gordon (2013), about whether the short-term unemployment rate is a better measure of slack than the overall unemployment rate.
Demographic Trends and Growth in Japan and the United States
Japan’s population is shrinking and getting older, with the population falling at a 0.2 percent rate this year, and the working-age population (ages 16 to 64), falling at a much faster rate of almost 1.5 percent.
Do Unemployment Benefits Expirations Help Explain the Surge in Job Openings?
Job openings are arguably one of the most important indicators of recovery in the labor market, as they reflect employers’ willingness to hire.
Are the Job Prospects of Recent College Graduates Improving?
The promise of finding a good job upon graduation has always been an important consideration when weighing the value of a college degree.
College May Not Pay Off for Everyone
In our recent Current Issues article and blog posts on the value of a college degree, we showed that the economic benefits of a bachelor’s degree still far outweigh the costs.
Staying in College Longer Than Four Years Costs More Than You Might Think
In yesterday’s blog post and in our recent article in the New York Fed’s Current Issues series, we showed that the economic benefits of a bachelor’s degree still outweigh the costs, on average, even in today’s difficult labor market.
From Our Archive: Reading Labor Market Slack
In her speech “Labor Market Dynamics and Monetary Policy” at the Kansas City Fed’s recent Jackson Hole symposium, Fed chairwoman Janet Yellen discussed economic puzzles challenging policymakers, including topics we’ve addressed on Liberty Street Economics.
The Value of a College Degree
Not so long ago, people rarely questioned the value of a college degree. A bachelor’s degree was seen as a surefire ticket to a career-oriented, good-paying job.
Just Released: Beyond the Unemployment Rate: Eight Different Faces of the Labor Market
This morning, the New York Fed released a new set of charts measuring various dimensions of the labor market.
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