Just how tight is the labor market? It depends on which measurement you pick! Some economists look to the unemployment rate, or to its difference from some estimated, but not measured, “natural level” to try to assess whether the labor market and...
Labor Market Recap January 2023: The data from the January labor market show an unequivocally strong labor market. Nearly every indicator from every data source is showing strong...
In our previous piece in our vacancies series, we took a deep dive into Ball, Leigh and Mishra (2022), “Understanding U.S. Inflation During the COVID Era,” a paper presented at the Brookings Papers on Economic Activity Conference in September 2022. The paper, which warned that the Fed’s...
What to Expect: 1. The Fed will continue moderating its pace of rate hikes, stepping down to 25 basis point hikes. 2. With favorable disinflationary data coming in...
While layoffs are painful to workers, more attention needs to be paid to the threat of a rise in unemployment arising from a slowdown in hiring. In this report, we examine the important role that a fall in hiring rates plays during unemployment increases.
