New today: my Mpls Fed Research Note on how layoffs and labor supply contribute to unemployment. Labor supply rises in recessions, driving 25-30% of the rise in unemployment & giving insight to workers' perceptions. See what this means for the current moment:
www.minneapolisfed.org/article/2024...
minneapolisfed.org
Where is the U.S. labor market heading? Interpreting the mixed signals| Federal Reserve Bank of Minneapolis
New data series connects layoffs with the unemployment rate, providing a fresh look at where the labor market might be headed