As a measure of labor market strength, the raw employment-to-population ratio (EPOP) confounds employment outcomes with … labor supply behavior. Movement in the EPOP depends on the relative movements of the employment rate (one minus the … unemployment rate) and the labor force participation rate. This paper proposes an adjustment to the calculation of the EPOP using …

falls in the trend employment-population ratio. The recent shift in the Beveridge Curve during the Great Recession is …

public sector units in 1991. Since then, per capita output has increased significantly, while the overall unemployment rate … unemployment remains stubbornly high, an overwhelming proportion of the labor force continues to work in the informal sector, and …