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ECO 350K Macroeconomics of Labor Market


Objective: Macroeconomics of Labor Market

The purpose of this LibGuide is to support students with writing assignments and in-depth analysis of trend changes in the labor market such as the rise and flattening of the female labor force participation rate, aging of workers and firms, the decline in labor share, declining labor market dynamism, and rising inequity. Below describes the Federal Reserve Bank of St. Louis, known as FRED. 

Table of Contents

Article Databases Recommended databases for economic literature
Country Research Data Resources include the International Monetary Fund, Foreign Direct Investments, OECD Economic Outlook, World Development Indicators
Economic Ebooks Full-text ebooks recommended resources for economic subjects
Employment Cost Index (ECI) ECI measures the change in the hourly labor cost to employers over time. The ECI uses a fixed "basket" of labor to produce a pure cost change, free from the effects of workers moving between occupations and industries and includes both the cost of wages and salaries and the cost of benefits.

The Job Openings and Labor Turnover Survey (JOLTS) tells us how many job openings there are each month, how many workers were hired, how many quit their job, how many were laid off, and how many experienced other separations (which includes worker deaths).

Labor Market Trends Resources include Bureau of Economic Analysis (BEA), U.S. Bureau of Labor Statistics (BLS), Federal Bank of Cleveland, and Federal Bank of St. Louis (FRED).
Recommended Reading Suggested reading from Dr. Sahin to help with 4 writing assignments. 
What is FRED?

FRED is an online database consisting of hundreds of thousands of economic data time series from scores of national, international, public, and private sources. FRED, created and maintained by the Research Department at the Federal Reserve Bank of St. Louis. Example of data sets include unemployment rates, consumer price index (CPI), inflation rates.


BLS Occupational Employment Projections

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