This paper analyzes the heterogeneous effects of monetary policy on workers with differ- ing levels of labor force attachment. Exploiting variation in labor market tightness across metropolitan areas,...

As people retire, there will be fewer people in the total pool of existing workers and fewer people will also be looking for work. Even if none of the remaining people who are unemployed find a job, those retirements can drive unemployment down purely as an artifact of how we calculate the unemployment rate.

The US unemployment rate hit 4.2% in November, a remarkable drop from the 14.8% peak reached in April 2020. Some analysts say this is the best market for job seekers ever: There are more than 11 million job openings in the US, compared to only 6.9 million people who are unemployed and looking for work.

June 2021

Personal income decreased $3.21 trillion (13.1 percent) in April according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $3.22 trillion (14.6 percent) and personal consumption expenditures (PCE) increased $80.3 billion (0.5 percent).

JEFFERSON CITY, Mo. (AP) — Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue.

On Friday at 8:30 AM ET, the BLS will release the employment report for May. The consensus is for 650 thousand jobs added, and for the unem...

From the BLS : Total nonfarm payroll employment rose by 559,000 in May, and the unemployment rate declined by 0.3 percentage point to 5.8...

Keep an eye on skills shortages, consumers’ wallets and the market’s expectations.

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.

As tech campuses became ghost towns, the people who kept them running—cooks, custodians, drivers—faced an existential threat to their livelihoods.

Health concerns, expanded jobless benefits and still being needed at home are among the reasons would-be workers might be staying away.

Roughly 9.6 million U.S. workers lost their jobs during the COVID-19 downturn; only about 2.6 million EU workers lost jobs in this period.