Climbing the employment ladder tough when bottom rung is broken

Anton Cheremukhin and Theresa Rincker
Additional contact information
Anton Cheremukhin: https://www.dallasfed.org/research/economists/cheremukhin

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Recent labor market data appear to reflect a low-hire, low-fire equilibrium. Because aggregate layoffs remain low by historical standards, the upward drift in the unemployment rate over the past two years is often viewed as a benign normalization process rather than a cyclical vulnerability.

Keywords: labor; forecasting; monetary policy (search for similar items in EconPapers)
Date: 2026-05-26
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.dallasfed.org/research/economics/2026/0526 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:d00001:103348

Access Statistics for this paper

More papers in Dallas Fed Economics from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().