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3 posts on "wage pressure"
February 23, 2023

A Turning Point in Wage Growth?

Martin Almuzara, Richard Audoly, and Davide Melcangi

The surge in wage growth experienced by the U.S. economy over the past two years is showing some tentative signs of moderation. In this post, we take a closer look at the underlying data by estimating a model designed to isolate the persistent component—or trend—of wage growth. Our central finding is that this trend may have peaked in early 2022, having experienced an earlier rise and subsequent moderation that were broad-based across sectors. We also find that wage growth seems to be moderating more slowly than the trend in services inflation.

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Posted at 7:00 am in Inflation, Labor Market, Macroeconomics | Permalink
November 18, 2014

How Attached to the Labor Market Are the Long‑Term Unemployed?

Robert C. Dent, Samuel Kapon, Fatih Karahan, Benjamin Pugsley, and Ayşegül Sahin

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.

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Posted at 7:00 am in Labor Market, Unemployment | Permalink | Comments (1)
November 17, 2014

Measuring Labor Market Slack: Are the Long‑Term Unemployed Different?

Robert C. Dent, Samuel Kapon, Fatih Karahan, Benjamin Pugsley, and Ayşegül Sahin

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.

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Posted at 7:00 am in Labor Market, Unemployment | Permalink | Comments (3)

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