Labor Market Focus

Experts at the Kansas City Fed have developed a collection of research and resources exploring the impact of labor markets on the economy.

Monitoring the labor market is a key focus of the Federal Reserve in its mission to foster a stable and growing economy. Keeping a pulse on the supply and demand of jobs, wages and the demographics of the labor force is critical to understanding the health of local and national economies

The Kansas City Fed monitors the labor market through the work of experts and economists. Below, you’ll find an archive of the Bank’s latest research and resources related to labor.


159 result(s) found
Article Title Author(s) Date Type
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February 6, 2024
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José Mustre-del-Río
Emily Pollard Expandable Row
February 5, 2024
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Nebraska's Tight Labor Market: An Update to Long-Running Shortage Concerns

Labor markets have been tight in Nebraska for almost a decade. Increasing participation among the youngest members of the labor force could help.

John McCoy Expandable Row
January 19, 2024
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Decline in Number of Workers with “Some College” Is Boosting Healthcare Wage Inflation

Compared with the pre-pandemic period, the labor force contains about 1.5 million fewer individuals who have some post-secondary schooling but less than a bachelor’s degree. As a result, vacancies for jobs that require a post-secondary certificate or an associate degree remain elevated, especially in health-related fields. These shortages have contributed to higher wages in the fast-growing healthcare field and are unlikely to resolve quickly.

Emily Pollard Expandable Row
December 20, 2023
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A Strong Labor Market Has Narrowed Gaps in Participation and Employment between Black and White Non-College Men

Black men without a college degree have seen especially strong gains in employment and wages during the pandemic recovery.

Didem Tüzemen
Deepak Venkatasubramanian Expandable Row
November 30, 2023
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Johannes Matschke Expandable Row
November 3, 2023
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Andrew Glover
Deepak Venkatasubramanian Expandable Row
October 20, 2023
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Elior Cohen
Didem Tüzemen Expandable Row
October 5, 2023
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Labor Constraints and Strong Demand Are Driving Robust Food Services Inflation

Although headline inflation has slowed in recent months, inflation for core services has remained elevated since the first half of 2021. Inflation for food services in particular has been significantly higher than inflation for goods and other services. We argue that food services inflation has been elevated by the sector’s fast rebound in expenditures and its high dependency on labor amid labor shortages and elevated labor costs.

Francisco Scott
Cortney Cowley Expandable Row
September 27, 2023
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Post-Pandemic Labor Shortages Have Limited the Effect of Monetary Policy on the Labor Market

The labor market has so far shown remarkable resilience to the Federal Reserve’s recent monetary policy tightening. Severe labor shortages in the post-pandemic era have led many employers to hold on to workers and hire less-skilled workers—even though they expect demand for their goods or services to weaken in the future. As a result, unemployment remains low, and labor productivity has declined.

Elior Cohen Expandable Row
September 22, 2023
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