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Job Market

Job Market. Overview. Alternative measures of the job market together provide different insights into the job market Sources of Data: Establishment Survey: nonfarm payrolls, etc. Household Survey: unemployment rate, etc.

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Job Market

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  1. Job Market

  2. Overview • Alternative measures of the job market together provide different insights into the job market • Sources of Data: • Establishment Survey: nonfarm payrolls, etc. • Household Survey: unemployment rate, etc. • Understand the behavior of the job market during previous recessions and recoveries

  3. Unemployment and Inflation • NAIRU (aka natural rate) • Includes frictional and structural unemployment (not due to recessions) • Provides a benchmark for the job market • Unemployment differing from NAIRU affects compensation, thus affecting cost pressures that impact inflation

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