Will the Unemployment Rate Stall in 2013?
As the economy continues to recover from the Great Recession, a large pool of discouraged workers is poised to return to the labor force. Because these workers are not included in the official unemployment picture, their return to the labor market will impact the future of the unemployment rate. FRBSF Economist Òscar Jordà discusses these relationships in detail and their potential impacts on policy.
Watch this short clip for some quick definitions of terms used in the video.
This video is also available on our YouTube channel.
Flip Your Classroom
Use this teaching guide to deepen student understanding of the unemployment rate and why changes in job behavior are critical to both the health of the economy and for policymakers at the Federal Reserve.
Teaching Guide (pdf, 112 kb)
Student Instructions (pdf, 118 kb)
About the Speaker
Òscar Jordà is a Research Advisor in the Macroeconomic Research Group at the Federal Reserve Bank of San Francisco. His areas of research interest include econometrics, macroeconomics, and monetary economics. See his research page.
"Will the Jobless Rate Drop Take a Break?" Daly, Mary C., Early Elias, Bart Hobijn, and Oscar Jorda. FRBSF Economic Letter. (December 17, 2012).
"Labor Force Participation Rates: Measuring Workforce Engagement." FRBSF DataPost educational series. (January 7, 2013).
"Unemployment Rate: Measuring the Workforce." FRBSF DataPost educational series. (March 11, 2013).
"U.S. Labor Markets: Longer-term Perspective." FRBSF Video: Economics in Person (April 30, 2012).
"The Economic Outlook: Global and Domestic Challenges to Growth." Williams, John C. (June 6, 2012). Speech Presented to the Seattle-Area Community Leaders, Bellevue, Washington.