professional forecasts over the past 30 years for 34 advanced economies. We find that when employment rises unexpectedly …, forecasters typically raise their long-term forecasts of employment by more than one-for-one and also expect a strong rise in …-term effects on expected employment and labor force participation, suggesting positive hysteresis. Our forecast evaluation tests …

year with slightly overloaded capacities. Employment growth remains strong with the creation of 600,000 new jobs, which has …

develop a suite of models to provide a more timely estimate (nowcast) of euro area quarterly employment growth based on a … timely assessment of employment developments with unemployment rates and sentiment indicators containing most of the relevant …

The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable … economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical …