Output Gap Measures | Econbrowser

Are we at full employment? Here are some estimates: Figure 1: Output gap, from CBO (blue), from OECD (tan), from IMF (green), from Fleischman/Roberts-FRB (red), all in % of potential GDP. NBER defined recession dates shaded gray. Source: CBO February 2024, OECD November 2023, IMF October 2023, Atlanta Fed Taylor rule utility February 2024, NBER. … Read more

How to address the urgent insurance workforce gap with technology | Insurance Blog

The insurance industry is experiencing a growing talent shortage. While this challenge has been anticipated, much of the discussion on solutions is often generalized to the entire workforce. But not every job will be impacted in the same way. As insurers grow, some functions will need more support, while others will be better primed to … Read more

Guest Contribution: “Do not freak out about the Jobs-Workers Gap (or the Sahm Rule)”

Today, we are fortunate to present a guest contribution written by Paweł Skrzypczyński, economist at the National Bank of Poland. The views expressed herein are those of the author and should not be attributed to the National Bank of Poland. We present an update of the jobs-workers gap discussed in these previous posts:  [1], [2], [3], [4], … Read more