Rising unemployment doesn’t counter signs of strong GDP growth
Real (inflation-adjusted) GDP grew strongly during the second and third quarters of 2024, increasing at an annualized pace of 2.9 percent. Yet, the unemployment rate also rose 0.4 percentage points, an unusually large amount except during recessions.
December 03, 2024
Research Department Working Papers
Labor Market Effects of Worker- and Employer-Targeted Immigration Enforcement
This paper finds that immigration enforcement at the worksite is more effective when targeting the employer, such as conducting an audit, than when targeting the workers, such as in a raid.
November 19, 2024
Texas Employment Forecast
The Texas Employment Forecast estimates jobs will increase 2.2 percent in 2024, with an 80 percent confidence band of 2.0 to 2.4 percent.
November 15, 2024
Texas Employment Forecast
The Texas Employment Forecast estimates jobs will increase 2.5 percent in 2024, with an 80 percent confidence band of 2.3 to 2.7 percent.
October 18, 2024
Rising unemployment does not mean recession is inevitable
The sort of increase seen in the U.S. unemployment rate over the past year is an oft-noted predictor of recession. Yet, forecasters currently expect only a modest increase in unemployment with no recession. Is this a reasonable expectation, and if so, how is this unemployment episode different from others?
October 08, 2024
Texas Employment Forecast
The Texas Employment Forecast estimates jobs will increase 2.2 percent in 2024, with an 80 percent confidence band of 1.9 to 2.5 percent.
September 20, 2024
Texas Employment Forecast
The Texas Employment Forecast estimates jobs will increase 1.9 percent in 2024, with an 80 percent confidence band of 1.4 to 2.4 percent.
August 16, 2024
How valuable is a short-term credential for a job seeker? It’s complicated
Employer demand for short-term credentials is rising. But the likelihood of such credentials leading to higher wage offers depends on the industry and can change over time.
August 09, 2024
Trade liberalization reduces entrepreneurship rate
Our research suggests that if the world becomes increasingly interconnected through international trade, entrepreneurship rates will decrease over time.
August 06, 2024
Texas Employment Forecast
The Texas Employment Forecast estimates jobs will increase 1.9 percent in 2024, with an 80 percent confidence band of 1.4 to 2.4 percent.
July 22, 2024