Economists are increasingly flagging the risk of labor market "stall speed." The term refers to a situation where job creation is so slow that it could lead to recession. Stall speed can create a self ...

I propose a new mechanism for sluggish wages based on workers’ noisy information about the state of the economy. Wages do not respond immediately to a positive aggregate shock because workers do not ...

Despite all the drama about the weakening jobs numbers, the US labor market is actually doing OK. There is one major exception, however: if you happen to be a young man. While the overall unemployment ...