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The output gap: a “potentially” unreliable measure of economic health?
The output gap is one (of many) economic indicators used by economists to measure the strength of the economy. What exactly is the output gap, and how accurately does it predict the state of the economy? Read this month's Page One Economics Newsletter, "The Output Gap: A ?Potentially? Unreliable Measure of Economic Health," for an explanation of the output gap and answers to these questions.
Journal Article
A report on economic conditions in the Little Rock zone
Journal Article
Job polarization leaves middle-skilled workers out in the cold
The economy has increased its demand for high-skilled (high-wage) workers, while opportunities for middle-skilled (middle-wage) jobs have declined. This ?job polarization? may require a shift in the sort of training that is encouraged for American workers.
Journal Article
A report on economic conditions in the St. Louis zone
Journal Article
Changes in the racial earnings gap since 1960
Income inequality between races has been a widely used indicator of economic prosperity and opportunity (or the lack thereof) within the diverse population of the U.S. The Civil Rights Act of 1964 prohibited discrimination in public places, provided for the integration of schools and other public facilities, and made employment discrimination illegal, thus improving the quality of education and providing more job opportunities for African-Americans. Nevertheless, disparities remain.
Journal Article
Urban areas host the largest manufacturing and service employers
Journal Article
A report on economic conditions in the Louisville zone
Journal Article
A report on economic conditions in the Memphis zone
Journal Article
Labor mismatch in the Great Recession: a review of indexes using recent U.S. data
Labor mismatch, also known as structural imbalance, can be defined as a poor match between the characteristics of unemployed workers and those required for vacant jobs. In the wake of the jobless recovery from the Great Recession, economists have sought to explain the coexistence of a high unemployment rate and increasing job openings as a mismatch phenomenon. This article reviews five studies that have contributed to the development of mismatch indexes and computes the corresponding indexes over the period May 2005?May 2012 using job vacancy data from the Conference Board Help Wanted OnLine ...