How Much Slack Remains in the Labor Market?

Labonte, Marc ; Stupak, Jeffrey M.

Library of Congress. Congressional Research Service.

关键词: Labor;    Labor supply;    Unemployment;    Underemployment;   

RP-ID  :  IN10549
RP-ID  :  IN10549_2016Aug05

美国|英语

来源: UNT Digital Library

【 摘 要 】

The amount of "slack" in the labor market--jobless or underemployed workers--has consequences for the appropriate stance of monetary policy, the future path of the budget deficit, and counter-cyclical spending on programs such as unemployment insurance. This report briefly examines this concept in the context of the current economy.