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Keywords:labor 

Journal Article
Less-tight labor market helps Texas grow faster than U.S. during pandemic

Data from the Job Openings and Labor Turnover Survey (JOLTS) indicate that Texas and the U.S. have more openings than people to fill to them. However, the vacancy–unemployment ratio suggests that the state’s labor markets are less tight than the nation’s. Amid widespread reports of worker shortages, Texas' not-so-constricted labor markets have helped the state outpace the nation in job growth.
Southwest Economy , Issue Fourth Quarter

Texas natives likeliest to ‘stick’ around, pointing to state’s economic health

Based on a calculation measuring the share of people born in each state who still live there, Texas is the nation’s “stickiest” state. The natives aren’t leaving.
Dallas Fed Economics

Discussion Paper
Minimum Wage Impacts along the New York-Pennsylvania Border

The federal minimum wage, currently set at $7.25 per hour, has remained unchanged for the longest stretch of time since its 1938 inception under the Fair Labor Standards Act. With the real purchasing power of the federal minimum wage eroded by inflation, many states and municipalities have raised their local minimum wages. As of July 2019, fourteen states plus the District of Columbia—home to 35 percent of Americans—have minimum wages above $10 per hour, as do numerous localities scattered across other states. New York is among a handful of states—along with California, Connecticut, ...
Liberty Street Economics , Paper 20190925

Journal Article
WARN layoff notices signal easing Texas labor market

Even with Texas employment growing rapidly and jobless rates remaining low in 2023, mass layoffs may be heading higher, according to notices of pending workforce reductions filed with state officials.
Southwest Economy

Journal Article
Labor Shortages in the Healthcare Sector Have Eased, Which May Soften Price Pressures

Following severe labor shortages during the post-pandemic recovery, employment and wage growth in the healthcare sector have returned to their pre-pandemic trends. The healthcare sector is labor intensive, and inflation in the sector has historically tracked wage growth. Thus, lower wage growth may limit price pressures in the healthcare sector.
Economic Bulletin

Speech
Restoring Balance

Remarks at New Jersey City University (delivered via videoconference).
Speech

As population trends shift, where will future workers come from?

Population is a fundamental determinant of a country’s productive capacity. More specifically, labor, along with capital and the efficiency with which the two can be combined (total factor productivity) determine how much a country can produce at any point in time.
Dallas Fed Economics

Why Human Capital Matters Why Human Capital Matters

An economist at the St. Louis Fed discusses the growing importance of human capital in determining a nation’s income.
On the Economy

Wage growth still exceeds 3 percent despite slowing in business survey measures

Fed policymakers working to reduce inflation have closely monitored how fast wages have risen. National estimates put recent 12-month wage inflation at around 4–5 percent, though these measures can lag other indicators of labor market conditions. More timely wage data can be found from the five regional Federal Reserve Banks that run business surveys.
Dallas Fed Economics

STEM Skills among Foreign-born Workers in the U.S.

Census data show that college-educated foreign-born workers have a relatively larger presence in STEM occupations than those born in the U.S.
On the Economy

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