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Keywords:Labor market 

Journal Article
How does an increase in government purchases affect economy?

This article studies the impact on aggregate economic activity of increases in defense purchases which are unrelated to other developments in the economy. The authors use empirical evidence to evaluate the predictions of several prominent models.
Economic Perspectives , Volume 22 , Issue Q III , Pages 29-43

Newsletter
How does labor adjustment in this recession compare with the past?

The authors examine how firms are adjusting their work force during the current recession in comparison with other recessions over the past 40 years.
Chicago Fed Letter , Issue Jun

Journal Article
Does immigration reduce imbalances among labor markets or increase them? : evidence from recent migration flows

Immigration from abroad has increased dramatically since the 1960s, as workers from less developed countries have moved to the U.S. in search of higher wages. The new wave of immigration has reignited the debate about the impact of immigration on the economy. One way immigration affects the economy is through the labor market. At the national level, immigration is widely believed to harm native workers with similar skills by reducing their wages or their probability of obtaining a job. But immigration can also alter the allocation of workers across markets?either for better or for worse. If ...
Economic Review , Issue Q IV , Pages 47-79

Journal Article
Labor market anxiety and the downward trend in the job separation rate

Anecdotal evidence suggests that labor market conditions surrounding American workers had been worsening in recent decades, even before the severe recession in 2007-2009. However, studies by academic researchers have not found clear evidence that worker turnover has increased over time. In this article, Shigeru Fujita shows that there is a long-run downward trend in the separation rate into unemployment and examines several factors that help account for this long-run decline. He argues that the aging of the labor force has played an important role in the trend. He also explains, using an ...
Business Review , Issue Q4 , Pages 1-7

Journal Article
Big city labor markets - inner city workers

Regional Review , Issue Q4 , Pages 16-23

Journal Article
Youth unemployment and the transition from school to work: programs in Boston, Frankfurt, and London

New England Economic Review , Issue Mar , Pages 3-16

Journal Article
Extended unemployment in California

FRBSF Economic Letter

Journal Article
A labor vacuum with no population suction

Fedgazette , Volume 14 , Issue Sep , Pages 3

Discussion Paper
Skills Mismatch, Construction Workers and the Labor Market

Recessions and recoveries typically have been times of substantial reallocation in the economy and the labor market, and the current cycle does not appear to be an exception. The speed and smoothness of reallocation depend in part on the structure of the labor market, particularly the degree of mismatch between the characteristics of available workers and newly available jobs. Such mismatches could occur because of differences in skills between workers and jobs (skills mismatch) or because of differences in the location of the available jobs and available workers (geographic mismatch). In ...
Liberty Street Economics , Paper 20120329

Briefing
A principal components approach to estimating labor market pressure and its implications for inflation

We build a summary measure of labor market pressure that captures the common movement among a variety of labor market series. Obtained as the labor market series? first principal component, this measure explains a large portion of the variability of the underlying series. For this reason, it is a good summary indicator of labor market pressure. We show that the unemployment rate gap has tracked this summary measure closely over the past 35 years. At times, however, the summary measure and the unemployment rate gap have sent somewhat different signals. In terms of relying on the principal ...
Public Policy Brief

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