{"title":"在今天的劳动力市场上，什么构成了实质性的就业增长?","authors":"M. Schweitzer, Murat Tasci","doi":"10.26509/FRBC-EC-201307","DOIUrl":null,"url":null,"abstract":"The Federal Open Market Committee (FOMC) has tied its asset purchases to a \"substantial improvement\" in labor market conditions. While we don't speculate on what the FOMC means by substantial improvement, we do explore the level of monthly job gains that would gradually deliver the underlying trend unemployment rate within a reasonable timeframe, under several plausible scenarios. We find that the path of monthly job gains, which is highly dependent on a few key parameters, is likely to be smaller than the path associated with previous recoveries.","PeriodicalId":368681,"journal":{"name":"Economic commentary","volume":"6 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2013-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"What constitutes substantial employment gains in today’s labor market?\",\"authors\":\"M. Schweitzer, Murat Tasci\",\"doi\":\"10.26509/FRBC-EC-201307\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The Federal Open Market Committee (FOMC) has tied its asset purchases to a \\\"substantial improvement\\\" in labor market conditions. While we don't speculate on what the FOMC means by substantial improvement, we do explore the level of monthly job gains that would gradually deliver the underlying trend unemployment rate within a reasonable timeframe, under several plausible scenarios. We find that the path of monthly job gains, which is highly dependent on a few key parameters, is likely to be smaller than the path associated with previous recoveries.\",\"PeriodicalId\":368681,\"journal\":{\"name\":\"Economic commentary\",\"volume\":\"6 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2013-06-07\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economic commentary\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.26509/FRBC-EC-201307\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic commentary","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.26509/FRBC-EC-201307","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
What constitutes substantial employment gains in today’s labor market?
The Federal Open Market Committee (FOMC) has tied its asset purchases to a "substantial improvement" in labor market conditions. While we don't speculate on what the FOMC means by substantial improvement, we do explore the level of monthly job gains that would gradually deliver the underlying trend unemployment rate within a reasonable timeframe, under several plausible scenarios. We find that the path of monthly job gains, which is highly dependent on a few key parameters, is likely to be smaller than the path associated with previous recoveries.
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