Estimating the Trend Unemployment Rate in the Fourth Federal Reserve District

Bruce Fallick and Murat Tasci

No 20-19, Working Papers from Federal Reserve Bank of Cleveland

Abstract: We estimate trend unemployment rates for Ohio, Pennsylvania, Kentucky, and West Virginia, states that span parts of the Fourth District of the Federal Reserve System. Our estimated unemployment rate trend for the District as a whole stood at 5.7 percent in 2020:Q1 compared to a 4.7 percent observed unemployment rate within the District, implying a tight labor market by historical standards.

Keywords: unemployment rates; trend; Federal Reserve district (search for similar items in EconPapers)
JEL-codes: D21 E24 E32 J6 R1 (search for similar items in EconPapers)
Pages: 18
Date: 2020-07-01
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.26509/frbc-wp-202019 Full Text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwq:88278

Ordering information: This working paper can be ordered from
4d.library@clev.frb.org

DOI: 10.26509/frbc-wp-202019

Access Statistics for this paper

More papers in Working Papers from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library (4d.library@clev.frb.org).