Indicators of labor market slack enable economists to judge pressures on wages and prices.
Samuel Kapon and Joseph Tracy The contribution of labor input to the potential GDP growth rate for the United States has changed over time. We decompose this contribution into two components: the size of the adult population and the average demographically adjusted employment rate. We find that these two components in the late 1960s and […]
The unemployment rate is a popular measure of the condition of the labor market.
The contrasting movements in the employment-to-population ratio (E/P) and the unemployment rate recently have been striking and puzzling.