Just Released: Job Growth in the Region
At today’s economic press briefing, we provided an update on regional economic conditions, with a particular focus on job growth in the region, and highlighted an important emerging labor market trend: the return of middle-wage jobs.
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.
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.
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]).
A Mis‑Leading Labor Market Indicator
The unemployment rate is a popular measure of the condition of the labor market.
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.
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.