Unemployment
Israel releases latest economic update
Inflation over whole of 2011 was 2.2%; country reached vicinity of full employment in the first half of last year
Wickman-Parak on limitations of unemployment gap in setting policy
Riksbank deputy governor Barbro Wickman-Parak says role of resource utilisation and unemployment gap in monetary policy decision-making should not be overstated
Output volatility rises with firing costs, says Central Bank of Peru paper
Central Bank of Peru study shows reducing firing costs in emerging markets to level consistent with developed nations can lower output volatility by 15%
Bank of Canada survey forecasts weaker sales growth this year
Bank of Canada Business Outlook Winter Survey shows outlook for sales growth in 2012 turns negative as demand continues to weigh on firms’ expectations
Self-employment fuelled labour recovery, says Central Bank of Chile paper
Central Bank of Chile study shows the recovery in Chile’s labour market was driven by self-employment rather than job creation in the formal sector
Employment protection can amplify business cycles: IMF paper
Fund study shows lower firing costs can reduce output volatility in emerging markets during recessions
Chinese labour costs contributed to US job losses: Fed paper
Federal Reserve study says decline in US manufacturing employment was largely attributable to relatively low investment and slow growth in the US, rather than China's competitive labour market
FOMC disagrees over monetary policy strategy
Federal Open Market Committee discusses alternative monetary policy strategies; committee disagrees over setting a “longer-run inflation goal”
High unemployment not structural: Boston Fed’s Rosengren
Boston Federal Reserve president Eric Rosengren says high levels of unemployment in US unlikely to be structural
IMF paper explores unemployment drivers in Latin America
Fund study links high and persistent levels of unemployment in Latin American countries to disinflationary monetary policy regimes
High teenage unemployment due to crowding-out effect: Fed paper
Federal Reserve study says high rates of teenage unemployment due to increased competition for low‐skilled jobs
Philly Fed paper explains low US job separation rates
Philadelphia Federal Reserve study shows low US separation rate is due to workers' reluctance to depart from their jobs
Kocherlakota speaks out against Fed decision
Minneapolis Fed president Narayana Kocherlakota says rising inflation and lower unemployment in economy did not warrant change in Fed language; says measure constitutes monetary easing
Underlying inflation, unemployment should ground mandate: Riksbank’s Svensson
Riksbank deputy governor Lars Svensson calls for refined monetary policy framework focusing on underlying, rather than headline, inflation and unemployment over resource utilisation
National Bank of Slovakia – Monthly Bulletin (May)
Monthly Bulletin shows economic recovery remains on a steady path in Slovakia