Journal Article
The State of States’ Unemployment in the Fourth District
Abstract: Unemployment rates vary across individual US states at any point in time and respond to business-cycle fluctuations differently. Evaluating what constitutes a ?normal? level for the unemployment rate at the state level is not easy, but it is an important issue for policymakers. We introduce a framework that enables us to calculate the normal unemployment rate for each of the four states in the Fourth District and compare that rate to the national normal rate. We conclude that these states and the District as a whole have very little labor market slack left from the Great Recession.
Keywords: Great Recession; Labor Market Slack; Unemployment;
Access Documents
File(s):
File format is text/plain
https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2017-economic-commentaries/ec-201702-state-of-states-unemployment-in-the-fourth-district.aspx
Description: Full text
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2017
Issue: January
Order Number: 02