Adjusted calculation of US employment-to-population ratio signals return to pre-crisis level
Atlanta Fed paper proposes using micro-data to account for individual characteristics
A Federal Reserve Bank of Atlanta working paper proposes an adjustment to the calculation of the US ‘employment-to-population ratio' (EPOP) using "individual micro-data to account for both individual characteristics and the probability of labour force participation".
Adjusted employment-to-population ratio as an indicator of labour market strength, by Julie Hotchkiss, argues that, as a measure of labour market strength, the "raw" EPOP "confounds employment outcomes with labour supply behaviour"
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