Job Market
Job Market
Feb 22, 2016
Job Market. Overview. Alternative measures of the job market together provide different insights into the job market Sources of Data: Establishment Survey: nonfarm payrolls, etc. Household Survey: unemployment rate, etc. - PowerPoint PPT Presentation
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Job Market
Job Market
OverviewAlternative measures of the job market together provide different insights into the job marketSources of Data:Establishment Survey: nonfarm payrolls, etc.Household Survey: unemployment rate, etc.Understand the behavior of the job market during previous recessions and recoveries
Unemployment and InflationNAIRU (aka natural rate)Includes frictional and structural unemployment (not due to recessions)Provides a benchmark for the job marketUnemployment differing from NAIRU affects compensation, thus affecting cost pressures that impact inflation
Related Documents
