COVID-19 abruptly impacted the labor market with the unemployment rate jumping to 14.7 percent less than two months … after state governments began adopting social distancing measures. Unemployment of this magnitude has not been seen since … the Great Depression. This paper provides the first study of how the pandemic impacted minority unemployment using CPS …

coming decades. Overall, shifting demographics, changing labor force participation rates, reductions in unemployment to the … estimate the implications for job creation in 2020-2030 of population growth, changes in labor force participation, and the … achievement of plausible target unemployment rates, disaggregated by age and gender. Second, we analyze the job creation needs …

not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …

What are the broad societal implications of inflation and unemployment? Analyzing a dataset of over 1.9 million …, we find that both inflation and unemployment have a negative link with confidence in financial institutions. While … inflation is generally unassociated with confidence in government and leadership approval, unemployment still has a strong …

relating unemployment and vacancies to inflation, the link between these labor market indicators and inflation depends on … search and matching theories of the labor market. Changes in inflow rates, related to demographics, accounted for Beveridge … curve shifts between 1960 and 2000. A reduction in matching efficiency, that depressed unemployment outflows, shifted the …

high during 2016-2019, keeping inflation below the Reserve Bank's target band. Optimal monetary policy in 2016-2019 would …

distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …

We develop a theory of labor markets in a monetary economy with four realistic features: search frictions, worker … productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient …-to-productivity ratio moves outside an inaction region. We derive sufficient statistics for the aggregate labor market response to a …

find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to … lead to higher equilibrium unemployment via the generated real wage wedge. …