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1 posts on "Compensation Growth; Phillips Curve; Short-term Unemployment"
February 12, 2014

The Long and Short of It: The Impact of Unemployment Duration on Compensation Growth

How tight is the labor market? The unemployment rate is down substantially from its October 2009 peak, but two-thirds of the decline is due to people dropping out of the labor force.

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Posted at 7:00 am in Unemployment | Permalink | Comments (6)

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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.

The editors are Michael Fleming, Andrew Haughwout, Thomas Klitgaard, and Asani Sarkar, all economists in the Bank’s Research Group.

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