San Fran economists suggest labour market leading indicators
Researchers at the Federal Reserve Bank of San Francisco have identified six indicators they believe are most effective at predicting changes in the unemployment rate.
Labour market conditions – and, importantly, the rate of their improvement – have come under the public spotlight since the Federal Reserve linked the future of its monetary policy to the unemployment rate.
In Gauging the Momentum of the Labor Recovery, Mary Daly, Bart Hobijn and Benjamin Bradshaw pinpoint six statistical
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