98 posts on "Unemployment"
September 28, 2016
U.S. Real Wage Growth: Slowing Down With Age
In Monday’s post, we described the estimation of real wage growth rates for different cohorts of U.S. workers. Here, we turn our attention to estimating the effect of this demographic shift on the economy-wide average real wage growth rate.
August 3, 2016
The Reluctance of Firms to Interview the Long‑Term Unemployed
Estimates from the Current Population Survey show that the probability of finding a job declines the longer one is unemployed.
June 24, 2016
Just Released: May’s Indexes of Coincident Economic Indicators Show Economic Growth Moderating across the Region
The May Indexes of Coincident Economic Indicators (CEIs) for New Jersey, New York State, and New York City, released today, show some slowing in economic growth across the region—in part reflecting the Verizon strike (which has since been settled), as well as somewhat weaker economic fundamentals.
February 25, 2016
Just Released: Five New Data Series on Consumer Expectations
Today, the New York Fed is introducing a number of new data series and interactive charts reporting findings from its Survey of Consumer Expectations (SCE).
February 5, 2016
Crisis Chronicles: The Long Depression and the Panic of 1873
It always seemed to come down to railroads in the 1800s. Railroads fueled much of the economic growth in the United States at that time, but they required that a great deal of upfront capital be devoted to risky projects. The panics of 1837 and 1857 can both be pinned on railroad investments that went awry, creating enough doubt about the banking system to cause pervasive bank runs. The fatal spark for the Panic of 1873 was also tied to railroad investments—a major bank financing a railroad venture announced that it would suspend withdrawals. As other banks started failing, consumers and businesses pulled back and America entered what is recorded as the country’s longest depression.
Posted at 7:00 am in Crisis, Economic History, Financial Institutions, Inflation, Panic, Unemployment | Permalink | Comments (1)
November 5, 2015
How Did Quantitative Easing Interact with Regional Inequality?
Income, or wealth, inequality is not something that central bankers generally worry about when setting monetary policy, the goals of which are to maintain price stability and promote full employment.
Posted at 7:05 am in Household Finance, Housing, Inequality, Macroeconomics, Monetary Policy, Regional Analysis, Unemployment | Permalink
November 3, 2015
Exploring Differences in Unemployment Risk
The risk of becoming unemployed varies substantially across different groups within the labor market.
November 2, 2015
Understanding Earnings Dispersion
Fatih Karahan How much someone earns is an important determinant of many significant decisions over the course of a lifetime. Therefore, understanding how and why earnings are dispersed across individuals is central to understanding dispersion in a wide range of areas such as durable and non-durable consumption expenditures, debt, hours worked, and even health. Drawing […]
Beyond the Macroeconomy
The Federal Reserve’s statutory mission from Congress is to achieve maximum employment and price stability for the country as a whole.
September 2, 2015
Searching for Higher Wages
Luis Armona, Samuel Kapon, Laura Pilossoph, Ayşegül Şahin, and Giorgio Topa Since the peak of the recession, the unemployment rate has fallen by almost 5 percentage points, and observers continue to focus on whether and when this decline will lead to robust wage growth. Typically, in the wake of such a decline, real wages grow […]
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