Federal Reserve Bank of Atlanta 2014 Annual Report

JOBS:

MORE WORK TO BE DONE?


Exploring what monetary policy can—and perhaps cannot—do about labor market slack.

Beyond the
Unemployment Rate:
Measuring a Changing
Labor Market

How close are we to full employment?
The data suggest conflicting answers.

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A Million Fewer
Involuntary Part-Timers Was Still Too Many

The elevated number of involuntary part-time workers signaled continued slack.

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New Work Arrangements:
Fad or Fixture?
Some of Both

The nature of work in America
has changed, but how much
of it is permanent?

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Labor Market Slack Persisted, Complicating Path to Full Employment

Broader measures suggested employment progress may have been less than meets the eye.

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Wage Growth
Was a Missing
Piece of the Full Employment Puzzle

Despite a stronger labor market, wage growth was subdued.

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