Real-Time Population Survey Suggests U.S. Job Losses Slowed in Early May
Survey results for the week of May 10 suggest further declines in employment and an increase in unemployment relative to the week of April 26 – May 2, though both changes are within the survey’s margin of error.
How Many Employees Are Prepared to Work from Home?
Sorting workers by occupation and income helps shed light on who is more likely to be able to work remotely.
Dallas Fed’s Texas Jobs Estimates Provide Early, Accurate Assessment
The Bureau of Labor Statistics annually revises regional job estimates in a process called benchmarking. A Federal Reserve Bank of Dallas adjustment provides researchers a more current means of assessing Texas economic conditions.
Large, Dominant Firms Depress Local Wages; Housing Costs Help Offset Lower Pay
Concern has increased about the ability of very large firms to exert market power and hold down wages in localities where they dominate.
Revisiting the Role of Home Production in Life-Cycle Labor Supply
This paper examines the role of home production in estimating life-cycle labor supply. I show that, consistent with previous studies, ignoring an individual?s time spent on home production when estimating the Frisch elasticity of labor supply biases its estimate downwards. I also show, however, that ignoring other ways a household can satisfy the demand for home production biases its estimate upwards. Changes in this demand over the life-cycle have an income effect on labor supply, but the effect can be mitigated through purchases in the market and through the home production of other ...
Staff Pick: Declining Labor Share and U.S. Industries
In recent decades, the share of payments to labor have been trending down in several countries. Here are trends among U.S. industries.
Not Everything Is Bigger in Texas: The Varied Fortunes of Four Smaller Metros
While Texas’ major metropolitan areas power the bulk of the state’s commercial activity, some smaller metros have worked to establish their place as part of the state’s economic mosaic.
The Long-Term Unemployed and the Wages of New Hires
This is the third in a series of blog posts on the topic of measuring labor market slack. In this post, we assess the relationships between short- and long-term unemployment and wages by comparing the differences in states? experiences over the business cycle. While all states felt the impact of the Great Recession, some fared better than others. Consequently, it is possible to use differences in the composition and shifts of short- and long-term unemployment to determine whether short-term unemployment exerts a greater influence on wage determination. The results suggest that there is little ...
Startups Account for Smaller Share of U.S. Jobs
Since 1994, startup firms have seen their share of U.S. employment shrink.
Real-Time Survey to Provide Timelier Labor Market Data in Era of COVID-19
An effective economic policy response to the rapidly evolving coronavirus (COVID-19) crisis requires timely and accurate information on its impact. To help reduce the information gap, we introduce the Real-Time Population Survey.