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Keywords:Unemployment 

Journal Article
Rising tide in the labor market: to what degree do expansions benefit the disadvantaged?

The current U.S. economic expansion is unusually long and strong. Has it served as a "rising tide" to float all boats in the labor market benefiting everyone? To what degree are groups that are typically disadvantaged in the labor market-blacks, women, teens, the less educated-participating in the current prosperity? To investigate the effects of economic expansion (or recession) on various labor market groups, this article presents data that describe the patterns of labor force status by race, sex, education, and age (teens) during recent decades. ; The author finds that while virtually ...
New England Economic Review , Issue May , Pages 3-33

Working Paper
The Business Cycle Mechanics of Search and Matching Models

This paper estimates a real business cycle model with unemployment driven by shocks to labor productivity and the job separation rate. We make two contributions. First, we develop a new identification scheme based on the matching elasticity that allows the model to perfectly match a range of labor market moments, including the volatilities of unemployment and vacancies. Second, we use our model to revisit the importance of shocks to the job separation rate and highlight how their correlation with labor productivity affects their transmission mechanism.
Working Papers , Paper 2026

Newsletter
How did unemployment insurance extensions affect the unemployment rate in 2008–10?

During recessions, it is common for the federal government to extend the standard unemployment insurance (UI) program. Many economic studies have shown that workers who receive UI extensions tend to take longer to find new employment, leading to a somewhat longer average duration of unemployment among all workers.
Chicago Fed Letter , Issue Apr

Journal Article
Jobless recoveries: causes and consequences

The Regional Economist , Issue Apr , Pages 18-19

Journal Article
Jobs and prices

FRBSF Economic Letter

Working Paper
Unemployment spells and income distribution dynamics

Working Papers , Paper 95-9

Journal Article
Unemployment insurance fraud

Concealed Earnings fraud accounts for almost two-thirds of the total overpayments due to all fraud.
Economic Synopses

Newsletter
What Does Everything Besides the Unemployment Rate Tell Us About Labor Market Tightness?

Between March 2022 and June 2023, the unemployment rate, the most commonly used gauge of labor market tightness, remained in a narrow range between 3.4% and 3.7%. Yet, over this period, nominal wage growth increased to unusually high levels and then moderated, though it remains at a historically high rate. The disparity between a relatively constant unemployment rate and large movements in nominal wage growth has led to a divide in public discourse, with some seeing low unemployment and strong wage growth as a sufficient sign of the strength of the labor market and others concerned that the ...
Chicago Fed Letter , Volume no 491 , Pages 7

Conference Paper
Closing remarks

Proceedings - Economic Policy Symposium - Jackson Hole , Issue Jan , Pages 365-367

Speech
Regional economy and manufacturing update

Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Speech , Paper 28

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