By Jared Bernstein August 13th, 2014 The Beveridge Curve (BC) is a favorite tool of labor economists showing the inverse relationship between job openings and unemployment. It’s thus a kind of index of strength of labor demand: when the job market is tight, there’s low unemployment and more unfilled openings/job vacancies, and vice versa.
Evidence: Is It Really Overrated? July 4th, 2014 at 11:44 am By Jared Bernstein A few weeks ago, during the evidentiary dustup between Piketty and the FT, I quasi-favorably quoted a Matt Yglesias line re empirical evidence being overrated. A number of readers were understandably unhappy with that assertion, arguing that they come here to … Continue reading Jared Bernstein: Evidence: Is It Really Overrated? | More on Evidence→
Yes, you read those headlines right: real GDP contracted at a 2.9% rate according to revised data released this AM. That’s contracted, as in went down. Nope. That was a truly lousy quarter but it’s highly unlikely to be repeated any time soon. The particularly bad winter weather played a role; both residential and commercial … Continue reading Jared Bernstein: Whoa! Whassup With That Big Negative Q1 GDP Revision?→
Efforts to alleviate poverty are often seen as being separate from the debate on overall economic policy, with the former involving a distinct set of issues that only marginally overlap with the latter. This is unfortunate, since the health of the economy and specifically the level of unemployment, has an enormous impact on the prospects … Continue reading @BillMoyersHQ: The Full #Employment Route to #Poverty Reduction→
Yesterday’s productivity report for 2014q1 was predictably negative—we already knew that real GDP fell in the quarter while employment grew apace—but I don’t read much into the noisy quarterly changes. But then there’s this: year-over-year, productivity growth was up 1% last year and has averaged 0.8% since 2011. The figure below plots the yearly changes, … Continue reading Where’s the Automation in the Productivity Accounts? | Jared Bernstein (@EconJared)|→
