Search Results
Journal Article
District Overview: As in the Nation, New Jobs in the District Are Concentrated in Low-Paying Industries
The Eighth District added about 150,000 jobs from 2010 to 2013, almost 75 percent of them in low-paying industries. Such jobs are growing at a faster rate than those in high-paying industries, the opposite of what is happening on the national level.
Working Paper
The Evolution of Regional Beveridge Curves
The slow recovery of the labor market in the aftermath of the Great Recession highlighted mismatch, the misallocation of workers across space or across industries. We consider the historical evolution of regional mismatch. We construct MSA-level unemployment rates and vacancy data using techniques similar to Barnichon (2010) and a new dataset of online help-wanted ads by MSA. We estimate regional Beveridge curves, identifying the slopes by restricting them to be equal across locations with similar labor market characteristics. We find that the 51 U.S. cities in our sample have four groupings ...
Journal Article
Bank Lending During Recessions
Tightening of lending standards can account for part of the negative loan growth during the 2007-09 recession.
Journal Article
A report on economic conditions in the Louisville zone
Journal Article
Dealing with the Leftovers: Residual Seasonality in GDP
Residual seasonality in gross domestic product can make it difficult for policymakers to know whether weak first-quarter GDP growth is due to an actual downturn or a reported number that is understated.
Journal Article
A report on economic conditions in the St. Louis zone
Journal Article
A report on economic conditions in the St. Louis zone
Journal Article
Comparing Measures of Potential Output
One of the goals of stabilization policy is to reduce the output gap?the difference between potential and actual output?during downturns. Potential output, however, is an unobserved variable whose definition can vary. For example, some view potential output as the level of output that can be produced when employment is at the natural rate. Others use trend measures of output to measure potential. We survey some of these measures using both full-sample data (all of the data that would be available through June 2017) and real-time data (the actual data that would have been available at ...
Journal Article
How Important Are Production Networks to the U.S. Economy?
As manufacturing grows more sophisticated, industries become more interconnected through production networks.
Journal Article
Moving In, Moving Out: The Migration Pattern of the Eighth District
Education and income differed between those leaving and those entering the District states from 2013-2017.