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Keywords:Labor market 

Working Paper
Temporary employment and the natural rate of unemployment

This paper examines the determinants of the natural rate of unemployment using a combined cross section and time series data set. The results suggest that industry composition affects the natural rate. In particular, a higher share of temporary employment in a local labor market tends to lower the natural rate of unemployment--most likely through the matching function. The results suggest that the increase in the share of temporary employment may have reduced the natural rate as much as 1/4 percentage point. The results also indicate that unemployment insurance benefits tend to boost the ...
Finance and Economics Discussion Series , Paper 1999-66

Journal Article
The polarization of job opportunities in the U.S. labor market: implications for employment and earnings

An in-depth analysis of the state of the U.S. labor market over the past three decades reveals that the U.S. labor market is polarizing into low- and high-skill jobs, with fewer opportunities in the middle.
Community Investments , Volume 23 , Issue Fall

Journal Article
Lessons for a new context: workforce development in an era of economic challenge

Community Investments , Volume 21 , Issue Spr

Journal Article
Gauging the momentum of the labor recovery

Federal Reserve policymakers are watching a broad set of indicators for signs of ?substantial? labor market improvement, a key consideration for beginning to scale back asset purchases. One way to find which are most useful is to focus on how well movements in these indicators predict changes in the unemployment rate. Research suggests that six indicators are most promising. They offer evidence that the recovery has more momentum now than a year ago, a strong signal that the labor market is improving and could accelerate in coming months.
FRBSF Economic Letter

Journal Article
International trade and U.S. labor market trends

FRBSF Economic Letter

Journal Article
Recent layoffs in a fragile labor market

Rising layoff rates during the spring of 2011 highlight renewed labor market weakness. Although job cuts among state and local governments have accelerated over the past few years, most of the recent increase occurred among private-sector employers. Following modest improvement in early summer, subsequent labor market performance has been uneven, indicating that labor market conditions remain fragile.
FRBSF Economic Letter

Journal Article
Job creation policies and the Great Recession

The adverse labor market effects of the Great Recession have intensified interest in policy efforts to spur job creation. The two most direct job creation policies are subsidies that go to workers and hiring credits that go to employers. Evidence indicates that worker subsidies are generally more effective at creating jobs. However, the unique circumstances of recovery from the Great Recession, especially the weak demand for labor, make hiring credits more effective in the short term.
FRBSF Economic Letter

Journal Article
Trends in Bay Area IT employment

The San Francisco Bay Area has long been a key center of information technology (IT) innovation and production. This Economic Letter explores how IT employment trends have evolved in this area, as well as how they compare to other key IT centers and the nation. The findings show that, although the region has seen a modest decline in its share of the nation's IT jobs while other key centers have seen gains, the Bay Area remains the national leader in IT employment. In particular, sectoral shifts from IT manufacturing to IT services within the Bay Area over the last decade, coupled with ...
FRBSF Economic Letter

Journal Article
Can young Americans compete in a global economy?

Young Americans have to compete for jobs not only with other Americans but also with qualified job-seekers worldwide. Are they ready for the challenge? This Letter sheds new light on the question by analyzing data from the International Adult Literacy Survey (IALS).
FRBSF Economic Letter

Journal Article
Job matching: evidence from the Beveridge curve

This Economic Letter examines the evidence on long-term shifts in the speed and efficiency of job matching in U.S. labor markets by using the so-called Beveridge curve. The Beveridge curve is an empirical measure of the relationship between the job vacancy rate and the unemployment rate. Changes in the job-matching process suggested by movements in the Beveridge curve, and their implications for U.S. labor market performance, have not been extensively analyzed, due in part to the absence of consistent data on job vacancies over a long time period. In this Economic Letter, we utilize new data ...
FRBSF Economic Letter

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