This paper analyzes the dramatic rise in US inflation since 2020, which we decompose into
a rise in core inflation as measured by the weighted median inflation rate and deviations of …

Since the outset of the Covid-19 pandemic, labor market indicators that traditionally move
together have been sending different signals about the degree of slack in the US labor …

We examine the effect of the Covid pandemic on willingness to work along both the
extensive and intensive margins of labor supply. Special survey questions in the Job Search …

Price inflation in the US has been slow to pick up in the last two decades. We show that this
missing inflation can be traced to a growing disconnect between unemployment and core …

We construct a generalized measure of labor market tightness based on the ratio of
vacancies to effective searchers. Our generalized measure exhibits substantially less …

We investigate the source, magnitude, and unevenness of the procyclical forces that shape
labor force participation, ie, the participation cycle, which are important for the …

The impact of the pandemic on the UK labour market has been extremely heterogeneous
across occupations and industries. Using novel data on job search, we document how …

With inflation accelerating at its fastest rate in four decades and unemployment falling below
4%, all indicators today point to an overheating US economy. In response to accelerating …

We study the long-run consequences of losing a low-wage job using linked employer-
employee wage records and household surveys. For full-time workers earning $15 per hour …

This paper discusses various concepts of unemployment rate benchmarks that are
frequently used by policymakers for assessing the current state of the economy as it relates …