Okun’s Law is sensitive to measured unemployment, not to underemployment or informality. In MENA, this distinction is decisive. Employment can rise while poverty persists and GDP stagnates, creating ...

The White House has been expecting a surge of new employment as growth picks up. That partly explains the lack of any new expensive job-creation program yet from President Obama. But the premise looks ...

The unemployment rate remains stubbornly high, both nationally and locally. Last Friday’s national employment report confirmed that the unemployment rate has hovered around 9 percent throughout 2011.

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

According to this week's revised GDP report, U.S. output declined by 0.7% for the first quarter of 2015 continuing the trend of a negative 1 st quarter GDP figure for the second consecutive year. What ...

The U.S. recovery has been unkind to Arthur Okun, a former economic adviser to John F. Kennedy, who died in 1980. Mr. Okun established in the 1960s that there was a link between economic growth and ...

A simple “rule of thumb” called the Okun’s law, named after 1960’s American economist Arthur Melvin Okun, may still be relevant today, despite becoming outdated the past few decades with the changing ...

Arthur Okun (1962) described the consistent relationship between changes in output and changes in unemployment that has become a standard tool for monetary policymakers and forecasters. The ...