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Speech
The U. S. economy: an optimistic outlook, but with some important risks: remarks at the Greater Boston Chamber of Commerce Economic Outlook Breakfast, Boston, Massachusetts, April 13, 2018
Rosengren, Eric S. (2018-04-13)
Boston Fed President Eric Rosengren said that his own economic forecast and the forecasts of his colleagues on the Fed's policy committee are "quite positive" ? citing fairly strong economic growth, job creation, falling unemployment, and inflation rising close to the Federal Reserve's 2 percent target. But Rosengren detailed both short-run and longer-run risks to that positive outlook.
Speech , Paper 131

Journal Article
Contrasting U.S. and European Job Markets during COVID-19
Wasmer, Etienne; Petrosky-Nadeau, Nicolas; Eyméoud, Jean-Benoît; Santaeulàlia-Llopis, Raül (2021-02-22)
The onset of the COVID-19 pandemic and the unprecedented slowing of economic activity that followed caused severe disruptions to labor markets around the globe. In contrast to the United States, European Union countries funded short-time work programs to maintain jobs during a period of lockdown that was expected to be transitory. This succeeded in avoiding sharp increases in unemployment early in the recession. However, if the pandemic leads to a permanent reallocation of economic activity, short-time work programs may slow the process of workers moving from shrinking to growing sectors of ...
FRBSF Economic Letter , Volume 2021 , Issue 05 , Pages 01-05

Discussion Paper
Introducing the FRBNY Survey of Consumer Expectations: Labor Market Expectations
Zafar, Basit; Van der Klaauw, Wilbert; Topa, Giorgio; Armantier, Olivier (2013-12-05)
In the previous two blog postings in this series, we described the goals, structure, and content of the new FRBNY Survey of Consumer Expectations (SCE) and presented some findings regarding inflation expectations. In this third posting, we focus on the labor market component of the SCE.
Liberty Street Economics , Paper 20131205

Journal Article
Assessing Labor Market Conditions Using High-Frequency Data
Dvorkin, Maximiliano; Isaacson, Maggie (2021-10-18)
When the COVID-19 pandemic struck in March 2020, the U.S. economy experienced a sharp, unexpected recession with large employment losses. The information on employment available from traditional data sources arrives with a lag and does not promptly reflect sudden changes in labor market conditions. In this article, we discuss how new high-frequency data from Homebase and Ultimate Kronos Group can offer critical information on the state of labor markets in real time. Using these datasets, we construct coincident employment indices to assess employment at a high frequency. Employment during the ...
Review , Volume 103 , Issue 4 , Pages 461-476

Journal Article
The Employment Effect of an Increase in the National Minimum Wage: Review of International Evidence
Doh, Taeyoung; Van der Meer, Luca (2023-03-09)
Increasing the federal minimum wage gradually and steadily may help minimize negative employment effects.Recent U.S. proposals to increase the federal minimum wage from $7.25 per hour to $15 per hour have not yet come to fruition. One challenge in implementing minimum wage increases is estimating the potential effect on employment. Past increases in the federal minimum wage have been modest and are unlikely to provide much insight into employment effects. International experiences with large minimum wage increases may provide more insight by accounting for greater variation in firm exposure ...
Economic Review , Volume vol. 108 , Issue no. 2 , Pages 15

Speech
Labor Markets and Monetary Policy
Moskow, Michael H. (2007-01-05)
Remarks by Michael H. Moskow President and Chief Executive Officer Federal Reserve Bank of Chicago
Speech , Paper 4

Journal Article
COVID-19 Containment Measures, Health and the Economy
Famiglietti, Matthew; Leibovici, Fernando (2021-02-19)
While COVID-19-related restrictions in 2020 spurred short-term rises in unemployment, states with stricter measures saw faster labor market recoveries.
The Regional Economist , Volume 29 , Issue 1

The Current Labor Market for Workers with a Disability
Rodgers, William M.; Ricketts, Lowell R. (2021-11-23)
People with disabilities can be a talent pool if employers reduce recruitment and workplace barriers.
On the Economy

Working Paper
The gap between the conditional wage distributions of incumbents and the newly hired employees: decomposition and uniform ordering
Maasoumi, Esfandiar; Pitts, M. Melinda; Wu, Ke (2014-11-01)
We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances that are well-defined welfare theoretic measures. Decomposition of several effects is achieved by identifying several counterfactual distributions of different groups. These go beyond the usual Oaxaca-Blinder decompositions at the (linear) conditional means. Much like quantiles, these entropic distances are well defined inferential objects and functions whose statistical properties have recently been developed. Going beyond these strong rankings and distances, we ...
FRB Atlanta Working Paper , Paper 2014-22

Speech
The U.S. Economic Outlook and Monetary Policy: The European Economics and Financial Centre, Distinguished Speakers Seminar, London, U.K. - July 1, 2016
Mester, Loretta J. (2016-07-01)
I thank the European Economics and Financial Centre for the invitation to speak to this distinguished audience, in this venerable venue, at this historically significant time. I will focus my remarks today on the other side of the pond ? in particular, the U.S. economy and monetary policy. But as you know, we live in a global world, and so we are monitoring very closely what is happening on this side of the pond and assessing the implications for the economic outlook and monetary policy on my side of the pond. Before I begin, I should note that the views I'll present today are my own and not ...
Speech , Paper 73

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