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Keywords:labor force 

Speech
Prospects for the local economy and the importance of workforce development: remarks at Onondaga Community College, Syracuse, New York

Remarks at Onondaga Community College, Syracuse, New York.
Speech , Paper 255

Journal Article
Employment Challenges for the Formerly Incarcerated

The U.S. economy is on a historic run of job creation, with 76 straight months of job growth as of June 2016. Many firms are looking for new pools of talent as traditional pools are increasingly absorbed by rising employment. Wages are beginning to rise more rapidly than they have for several years, with ADP?s Workforce Vitality Report for Q1 2016 estimating annual wage growth for full-time job holders of 4.7 percent. The strengthening labor market provides an opportunity for both employers and policymakers to reconsider the status of subgroups that face distinct barriers to the job market. ...
Profitwise , Issue 2 , Pages 14-17

Working Paper
Unemployment Paths in a Pandemic Economy

The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to the virus response and possible paths for the official unemployment rate through 2021. Substantial uncertainty surrounds the path for measured unemployment, depending on the path of the virus and containment measures and their impact on reported job search activity. We assess potential unemployment paths based on historical patterns of monthly flows in and out of unemployment, adjusted for unique features of the virus economy. The possible paths vary widely, but absent ...
Working Paper Series , Paper 2020-18

Working Paper
Immigrants in the U.S. labor market

Immigrants supply skills that are in relatively short supply in the U.S. labor market and account for almost half of labor force growth since the mid-1990s. Migrant inflows have been concentrated at the low and high ends of the skill distribution. Large-scale unauthorized immigration has fueled growth of the low-skill labor force, which has had modest adverse fiscal and labor market effects on taxpayers and U.S.-born workers. High-skilled immigration has been beneficial in most every way, fueling innovation and spurring entrepreneurship in the high tech sector. Highly skilled immigrants have ...
Working Papers , Paper 1306

Journal Article
Where Is Everybody? The Shrinking Labor Force Participation Rate

More Americans are neither working nor looking for work. What is going on?
Economic Insights , Volume 2 , Issue 4 , Pages 17-24

Speech
Adaptation: How Educators and Employees Evolve to Meet the Needs of a Changing Landscape

"The changing landscape of the labor market offers an opportunity to assess how we?re preparing today?s students for tomorrow?s jobs,? said Philadelphia Fed President Patrick T. Harker today in his remarks on the role of higher education
Speech , Paper 154

Journal Article
The Opioid Epidemic, the Fifth District, and the Labor Force

Economic Trends Across the Region looks at the Opioid Epidemic, the Fifth District, and the Labor Force.
Econ Focus , Issue 2Q , Pages 32-35

Journal Article
The Opioid Epidemic and the Labor Market

Drug overdoses now account for more deaths in the United States than traffic deaths or suicides, and most of the increase in overdose deaths since 2010 can be attributed to opioids--a class of drugs that includes both prescription pain relievers and illegal narcotics. We look at trends in drug use and overdose deaths to document how the opioid epidemic has evolved over time and to determine whether it could be large enough to impact the labor force.
Economic Commentary , Issue September

Journal Article
Do Foreign-Born Workers Cause Native-Born Workers to Move or Leave the Labor Force?

This Commentary discusses how the presence of foreign-born workers in a local labor market affects the decisions of native-born workers to leave the labor force or move to another state. We analyze short panels obtained through the Current Population Survey and find that, in the short run, less-educated native-born workers react to a larger stock of foreign-born workers by either moving to a different state or dropping out of the labor force. In terms of magnitude, the effect is small but not insignificant.
Economic Commentary , Issue November

Working Paper
Understanding the Great Recession

We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to financial frictions interacting with the zero lower bound. We reach this conclusion looking through the lens of a New Keynesian model in which firms face moderate degrees of price rigidities and no nominal rigidities in the wage setting process. Our model does a good job of accounting for the joint behavior of labor and goods markets, as well as inflation, during the Great Recession. According to the model the observed fall in total factor productivity and the rise in the cost ...
International Finance Discussion Papers , Paper 1107

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