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March Labor-Market Update
Labor-market numbers for March 2024 are in. The US labor market remains inefficiently tight—in fact it is slightly tighter than in February.
Apr 5
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Pascal Michaillat
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March Labor-Market Update
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March 2024
February Labor-Market Update
US labor-market numbers for February 2024 are in. The labor market remains inefficiently tight, although it is slacker than in January.
Mar 8
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Pascal Michaillat
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February Labor-Market Update
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February 2024
January Labor-Market Update
US labor-market numbers for January 2024 are in. The labor market remains inefficiently tight—in fact it tightened very slightly since December.
Feb 5
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Pascal Michaillat
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January Labor-Market Update
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January 2024
December Labor-Market Update
US labor-market numbers for December 2023 are in. There are no changes from November. Tightness remains at 1.4 and efficient unemployment remains at…
Jan 8
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Pascal Michaillat
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December Labor-Market Update
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December 2023
November Labor-Market Update
US labor-market numbers for November 2023 are in. Labor-market tightness falls slightly to 1.4—still above its efficient value of 1. The efficient…
Dec 8, 2023
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Pascal Michaillat
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November Labor-Market Update
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November 2023
October Labor-Market Update
US labor-market numbers for October are in. Labor-market tightness remains around 1.5—still above its efficient value of 1. The Beveridge curve shifted…
Nov 3, 2023
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Pascal Michaillat
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October Labor-Market Update
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October 2023
September Labor-Market Update
US labor-market numbers for September are in. Labor-market tightness rose back up to 1.5—from 1.4 in August. The Beveridge curve shifted slightly…
Oct 6, 2023
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Pascal Michaillat
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September Labor-Market Update
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September 2023
Labor-Day Labor-Market Update
US labor-market numbers for August are in. Labor-market tightness falls to 1.4—still above its efficient level of 1, but rapidly getting closer to it.
Sep 1, 2023
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Pascal Michaillat
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Labor-Day Labor-Market Update
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August 2023
All Quiet on the Labor-Market Front
US labor-market numbers are almost unchanged in July. Tightness remains at 1.6—above its efficient level of 1.
Aug 14, 2023
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Pascal Michaillat
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All Quiet on the Labor-Market Front
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Lecture Notes for Math Camp
Economics graduate students have to go through a math camp in the first summer of their PhD. Here are some lecture notes for the macro part of the camp.
Aug 2, 2023
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Pascal Michaillat
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Lecture Notes for Math Camp
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July 2023
Examining UBS's Profit-Led Inflation Theory
UBS recently proposed an informal theory of profit-led inflation. The theory suffers from three issues—so more work is required to understand…
Jul 24, 2023
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Pascal Michaillat
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Examining UBS's Profit-Led Inflation Theory
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The US Labor Market Cools Very Slightly in June
US labor-market tightness drops from 1.7 to 1.6 in June 2023. It remains above the efficient level of 1.
Jul 10, 2023
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Pascal Michaillat
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The US Labor Market Cools Very Slightly in June
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