Unemployment
Fed officials say strong economy gives them flexibility and time
Kugler, Barkin and Powell say upside and downside risks are evening out over time
Current US wage trends may be here to stay – NY Fed research
Researchers present new tools for predicting wage growth in US
Fed governor says rate cuts shouldn’t be rushed
Christopher Waller argues that US economy is strongly positioned
Monetary policy more effective when inflation is high – NY Fed
Study casts doubts on linear models that average out impact during periods of high and low inflation
Escaping the structural liquidity trap
Investment needs to be subsidised not taxed if developed countries want to avoid inflation and financial crises, writes Andrew Smithers
US rural economies are ‘main losers from employment trends’
Fed research says automation and globalisation have militated against job creation in remote areas
Wage growth ‘has not impacted US inflation’, says Boston Fed
Study finds pay still has some way to go before reaching a level that would affect consumer prices
Lower immigration affecting US household spending power
Low immigration has contributed to increased prices of consumer goods, argues Atlanta Fed
BoK examines South Korea’s post-Covid jobs recovery
Research points to rebound in services and employees’ desire for greater work-life balance
Generative AI set to profoundly change workforce – IMF research
Paper recommends retraining for workers whose jobs are susceptible to erasure
Cash transfers cause persistent jobs boost in Brazil, research finds
San Fran Fed paper argues previous research neglected effects on informal employment
Researchers warn US vacancies are ‘untethered’ from other data
Minneapolis Fed economists say US could face “more substantial job losses”
Chile cuts rates for fourth consecutive meeting
Board forecasts inflation will return to 3% target in 2024
Norges Bank makes surprise rate hike as inflation rebounds
Governor warns economy is cooling but inflation has risen in past two months
FOMC holds rates again, ending year at 5.25–5.5%
“Committee is proceeding carefully” as inflation recedes, but slowly, says Powell
Australian government and RBA agree dual mandate for central bank
RBA to begin publishing unattributed record of votes for its monetary policy decisions
Bank of Canada holds rates steady
Macklem says it’s clear the stance of policy is restricting inflationary pressures
Heatwave cost Texas 1% of GDP in 2023, says Dallas Fed research
Higher temperatures have significant effects on productivity, but less on jobs, paper finds
Crisis-stricken Israel has faith in central bank
Economists tell Central Banking the government must radically change fiscal priorities
Sweden faces lower employment and labour force growth
Integration of foreign-born citizens is key to keep expanding labour force, says Riksbank research
Norway and Czech Republic hold rates
Norges Bank 'likely' to make small increase in December