Search Results
Journal Article
How well do initial claims forecast employment growth over the business cycle and over time?
Initial claims may now be useful for forecasting employment growth during periods of increasing economic activity.>
Journal Article
Job gains and losses at large and small firms during the Great Recession
Conventional wisdom says that employment at small firms declines more than employment at large firms during recessions. However, that doesn?t seem to have been the case during the Great Recession of 2007-09.
Journal Article
Homemade: economic development efforts focus on locals
Speech
An economic overview: what's next? remembering Carol Reed, Aesop's Fable, Kenneth Arrow and Thomas Dewey
Remarks before the Rotary Club of Dallas, Dallas, Texas, July 13, 2011 ; "We are being challenged as the place to invest job-creating capital. Our fiscal and regulatory authorities do not operate in a vacuum; we live in a globalized, interconnected world where money is free to go to wherever it earns the best return. In their solution to the debt crisis, our political leaders must develop an entirely new structure of incentives for private businesses and investors to put their money to work creating jobs here at home."
Journal Article
Why aren't we creating more jobs? Job growth usually rebounds quickly after a severe recession, but this time is different
Related links:> https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2011/q3/cover_weblinks.cfm
Journal Article
Spotlight: Texas employment : gains aren’t simply a low-wage jobs story
Amid reports of the nation?s weak economic recovery, high unemployment and slow job growth, attention has turned to Texas, the only large state on track to surpass its prerecession peak employment by year-end. Since the U.S. recession concluded in 2009, Texas employment has grown 3.3 percent, compared with 0.6 percent for the rest of the states.[1] Texas added 827,000 jobs, an 8.7 percent increase, between 2001 and 2010 and expanded in every category except manufacturing, information and construction. The nation lost 2.8 million jobs during that period, a 2.3 percent decline.
Speech
Texas: what makes us exceptional? Where are we vulnerable?
Remarks before the Texas Economic Development Council Annual Conference, Dallas, Texas, October 6, 2011 ; "We must not lose track of this simple, unalterable, indisputable, critical fact: We have done well so far; our economy is mighty. But to stay ahead of the curve and compete in tomorrow?s global marketplace, Texas must better educate its population."
Working Paper
Job matching and propagation
In the U.S. labor market, the vacancy-unemployment ratio and employment react sluggishly to productivity shocks. The authors show that the job matching model in its standard form cannot reproduce these patterns due to excessively rapid vacancy responses. Extending the model to incorporate sunk costs for vacancy creation yields highly realistic dynamics. Creation costs induce entrant firms to smooth the adjustment of new openings following a shock, leading the stock of vacancies to react sluggishly.
Journal Article
Regional variation in job creation and destruction
As companies and consumers adapt to a changing marketplace, jobs are eliminated and new ones are created. Rates at which this happens vary across states and reflect the flexibility of the labor market. More flexible markets are associated with faster growth.