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Labor

 

  • Texas Employment Forecast

    The Texas Employment Forecast indicates jobs will increase 1.6 percent in 2025, with an 80 percent confidence band of 0.8 to 2.4 percent.

  • As population trends shift, where will future workers come from?

    Population is a fundamental determinant of a country’s productive capacity. More specifically, labor, along with capital and the efficiency with which the two can be combined (total factor productivity) determine how much a country can produce at any point in time.

  • Inflation stress and concern remain elevated despite stabilizing prices

    Despite consumer price inflation falling considerably since peaking in 2022, household inflation-related stress and concern remain elevated, having dropped only slightly.

  • Texas Employment Forecast

    The Texas Employment Forecast estimates jobs will increase 1.6 percent in 2024, with an 80 percent confidence band of 1.5 to 1.7 percent.

  • Rising unemployment doesn’t counter signs of strong GDP growth

    Real (inflation-adjusted) GDP grew strongly during the second and third quarters of 2024, increasing at an annualized pace of 2.9 percent. Yet, the unemployment rate also rose 0.4 percentage points, an unusually large amount except during recessions.

  • Research Department Working Papers

    Labor Market Effects of Worker- and Employer-Targeted Immigration Enforcement

    This paper finds that immigration enforcement at the worksite is more effective when targeting the employer, such as conducting an audit, than when targeting the workers, such as in a raid.

  • Texas Employment Forecast

    The Texas Employment Forecast estimates jobs will increase 2.2 percent in 2024, with an 80 percent confidence band of 2.0 to 2.4 percent.

  • Texas Employment Forecast

    The Texas Employment Forecast estimates jobs will increase 2.5 percent in 2024, with an 80 percent confidence band of 2.3 to 2.7 percent.

  • Rising unemployment does not mean recession is inevitable

    The sort of increase seen in the U.S. unemployment rate over the past year is an oft-noted predictor of recession. Yet, forecasters currently expect only a modest increase in unemployment with no recession. Is this a reasonable expectation, and if so, how is this unemployment episode different from others?

  • Texas Employment Forecast

    The Texas Employment Forecast estimates jobs will increase 2.2 percent in 2024, with an 80 percent confidence band of 1.9 to 2.5 percent.