Why Is the Job‑Finding Rate Still Low?
Fluctuations in unemployment are mostly driven by fluctuations in the job-finding prospects of unemployed workers—except at the onset of recessions, according to various research papers (see, for example, Shimer [2005, 2012] and Elsby, Hobijn, and Sahin [2010]).
Puerto Rico Employment Trends–Not Quite as Bleak as They Appear
Puerto Rico’s economy has been in a protracted economic slump since 2006. If there were officially designated recessions for the Commonwealth, it probably would have been in one for the better part of these past seven years.
A Mis‑Leading Labor Market Indicator
The unemployment rate is a popular measure of the condition of the labor market.
Introducing the FRBNY Survey of Consumer Expectations: Labor Market Expectations
In the previous two blog postings in this series, we described the goals, structure, and content of the new FRBNY Survey of Consumer Expectations (SCE) and presented some findings regarding inflation expectations.
Introducing the FRBNY Survey of Consumer Expectations: Survey Goals, Design, and Content
Starting in the first quarter of 2014, the Federal Reserve Bank of New York (FRBNY) will begin reporting findings from a new national survey designed to elicit consumers’ expectations for a wide range of household-level and aggregate economic and financial conditions.
Just Released: Lifting the Veil—For‑Profits in the Higher Education Landscape
Higher education is pivotal in our society—yet, its landscape is changing. Over the past decade, the private, for-profit sector of higher education has seen unprecedented growth, and its market share is at an all-time high.
Consumer Confidence: A Useful Indicator of . . . the Labor Market?
Consumer confidence is closely monitored by policymakers and commentators because of the presumed insight it can offer into the outlook for consumer spending and thus the economy in general.
Just Released: Are Recent College Graduates Finding Good Jobs?
Stories abound about recent college graduates who are struggling to find good jobs in today’s economy, especially with student debt levels rising so quickly.
States Are Recovering Lost Jobs at Surprisingly Similar Rates
The U.S. economy lost more than 8 million jobs between January 2008 and February 2010.
Do Big Cities Help College Graduates Find Better Jobs?
Although the unemployment rate of workers with a college degree has remained well below average since the Great Recession, there is growing concern that college graduates are increasingly underemployed—that is, working in a job that does not require a college degree or the skills acquired through their chosen field of study.
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