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Economic Analysis Oct 27, 2022

A Closer Look at a Hot Labor Market

In this economic analysis, we determine the degree to which firms that are looking to hire a significant number of workers can expand employment (a “hot” labor market) or cannot (a “tight” labor market). This analysis suggests that a high job opening-to-unemployment rate ratio overstates how hard it is for firms to hire and that the job openings-to-hires and job opening-to-net hires ratios are worthwhile additions to the list of indicators that assess the state of the labor market. 

Policy Books Apr 27, 2022

Recession Remedies: Lessons Learned from the U.S. Economic Policy Response to COVID-19

In the United States, COVID-19 triggered a sharp economic downturn. Yet, the ensuing economic recovery was faster and stronger than nearly any forecaster anticipated due in part to the swift, aggressive, and creative fiscal and monetary policy response in the U.S. While the next recession most likely won’t be triggered by a pandemic, the response can be informed by lessons learned from the COVID-19 recession.