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Labor Market Tightness across the United States since the Great Recession

Author

Listed:
  • Murat Tasci
  • Caitlin Treanor

Abstract

Though labor market statistics are often reported and discussed at the national level, conditions can vary quite a bit across individual states. We explore differences in these conditions before and after the Great Recession using a ratio of the number of unemployed workers to job vacancies. We show that the intensity of the adverse effects of the recession and the strength of the recovery varied geographically at all points in the process. We also demonstrate that wage growth is delayed until the ratio of unemployed workers to job vacancies returns to prerecession levels.

Suggested Citation

  • Murat Tasci & Caitlin Treanor, 2018. "Labor Market Tightness across the United States since the Great Recession," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2018(01), pages 1-6, January.
    • Handle: RePEc:fip:fedcec:00085
    DOI: 10.26509/frbc-ec-201801
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    Cited by:

    1. Johannes Matschke & Sai Sattiraju, 2021. "Labor Markets Are Tight, but Conditions Vary across States," Economic Bulletin, Federal Reserve Bank of Kansas City, issue Dec 22, 2, pages 1-4, December.

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