Employment

Across The Universe: Policy Support for Employment and Revenue in the Pandemic Recession

We develop comprehensive estimates of U.S. economic activity by sector, legal form of organization, and firm size to characterize how four government direct lending programs relate to these classes of economic activity.

Across The Universe: Policy Support for Employment and Revenue in the Pandemic Recession

We develop comprehensive estimates of U.S. economic activity by sector, legal form of organization, and firm size to characterize how four government direct lending programs relate to these classes of economic activity.

The Dynamics of Disappearing Routine Jobs: A Flows Approach

Using individual-level CPS data, we show that the decline in middle-wage routine occupations over the past 40 years is mainly due to decreased transitions into these jobs from non-participation and unemployment, driven by individuals' lower propensity to make such transitions rather than demographic shifts, and that this also significantly contributes to the recent rise in U.S. nonparticipation.

Assessing the Change in Labor Market Conditions

The labor market conditions index (LMCI), a dynamic factor model of 19 monthly indicators, appears to be a useful tool for assessing the change in labor market conditions based on a broad array of information.

Updating the Labor Market Conditions Index

Monthly updates of the LMCI were discontinued on August 3, 2017

Assessing the Change in Labor Market Conditions

The labor market conditions index (LMCI), a dynamic factor model of 19 monthly indicators, appears to be a useful tool for assessing the change in labor market conditions based on a broad array of information.