Wednesday, September 24, 2014


[IWS] CBO: MEASURING LABOR MARKET SLACK [Presentation] [24 September 2014]

IWS Documented News Service


Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau



This service is supported, in part, by donations. Please consider making a donation by following the instructions at


Congressional Budget Office (CBO)


MEASURING LABOR MARKET SLACK [Presentation] [24 September 2014]

by Wendy Edelberg at the Peterson Institute for International Economics conference on Labor Market Slack: Assessing and Addressing in Real Time


[full-text, 11 pages]



In CBO’s view, the current slack in the labor market consists of multiple

elements, including:


The labor force participation rate is well below what CBO estimates

would be achieved if the demand for workers was stronger.

The unemployment rate is above CBO’s estimate of the natural rate.

The share of part-time workers who would prefer full-time work is

significantly higher than before the recession.


Continued slow growth in compensation is an important signal that

significant slack remains.


Measuring slack is quite difficult, and the current amount of slack could

be a good deal larger or smaller than CBO estimates.


This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.


Links to this post:

Create a Link

<< Home

This page is powered by Blogger. Isn't yours?