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Why Human Capital Matters Why Human Capital Matters
Monge-Naranjo, Alexander (2020-10-13)
An economist at the St. Louis Fed discusses the growing importance of human capital in determining a nation’s income.
On the Economy

Supply-Chain Woes, Labor Shortages and COVID-19 Slow Resilient Texas Economy
Orrenius, Pia M.; Lee, James (2021-09-30)
Regional economic growth has slowed, though it remains robust by historical standards. While demand has improved from year-ago levels, supply-chain disruptions and labor shortages have limited output growth and pushed up wages and prices.
Dallas Fed Economics

COVID-19’s Impact on U.S. Home Production
Leukhina, Oksana; Yu, Zhixiu (2021-01-19)
The large drop in weekly work hours during the pandemic led to increased time spent on activities like cooking and child care.
On the Economy

Moderate Wage Growth Spurs Search for ‘Hidden Slack’ in Labor Market
Morris, Michael; Tracy, Joseph; Rich, Robert W. (2019-12-17)
In recent years, much has been made about the idea of hidden slack—unused labor capacity not captured by the unemployment rate.
Dallas Fed Economics

Employment Losses in Contact-Intensive Industries
Famiglietti, Matthew; Leibovici, Fernando; Santacreu, Ana Maria (2020-12-03)
The COVID-19 pandemic has had uneven effects on employment across industries. Nonessential contact-intensive industries have experienced the largest job losses.
On the Economy

Working Paper
Online Job Posts Contain Very Little Wage Information
Batra, Honey; Michaud, Amanda M.; Mongey, Simon (2023-12-21)
We characterize the little wage information contained in online job posts. Wage information is rare: only 14% of posts contain any information. Of these, wage ranges are more common than point wages, and are wide on average, spanning 28% of the midpoint (e.g. $32,000-$42,000/yr). Posted wages are highly selected in low income occupations: 40% higher than wages of employed workers. High wage firms are more opaque, with more and wider ranges. We find zero correlation between wage information and local labor market tightness. We provide an example of bias in econometric inference that worsens as ...
Opportunity and Inclusive Growth Institute Working Papers , Paper 083

The Paycheck Protection Program: Conditional Success or Unconditional Failure?
Kapinos, Pavel (2021-06-22)
The Coronavirus Aid, Relief, and Economic Security (CARES) Act became law in March 2020, marking an initial federal response to the emerging economic disruption from the COVID-19 pandemic.
Dallas Fed Economics

Journal Article
When the Robots Came
Haltom, Renee Courtois (2018-04)
Book Review of "The Future of Work: Robots, AI, and Automation by Darrell M. West, Washington, D.C.: Brookings Institution Press, 2018, 205 pages."
Econ Focus , Issue 2Q , Pages 31-31

Journal Article
WARN layoff notices signal easing Texas labor market
Torres, Luis; Kalkunte, Prithvi (2023-12-15)
Even with Texas employment growing rapidly and jobless rates remaining low in 2023, mass layoffs may be heading higher, according to notices of pending workforce reductions filed with state officials.
Southwest Economy

Reading the Labor Market in Real Time
Bharadwaj, Asha; Dvorkin, Maximiliano (2020-06-09)
A coincident index developed by one of our economists can help gauge the pace of the recovery and obtain real-time information on the state of the labor market.
On the Economy

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