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report
August 23, 2012
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Employment and Labor Markets
The level of employment has a direct effect on people's well-being and the government's finances. When employment is higher, incomes and federal revenues are higher, while federal outlays for income support programs are lower. CBO analyzes the causes and consequences of unemployment, the effects of the unemployment insurance program, the impact of various policy proposals that might affect employment, and other issues concerning labor markets such as people's participation in the labor force.
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Unemployment Insurance in the Wake of the Recent Recession
Nov 2012 - Between 2007 and 2010, unemployment benefits expanded nearly five-fold owing to high unemployment due to the weak economy, and decisions by policymakers to increase the number of weeks for which eligible unemployed workers could receive benefits.
Economic Effects of Policies Contributing to Fiscal Tightening in 2013
Nov 2012 - Significant tax increases and spending cuts are slated to take effect in January 2013, sharply reducing the federal budget deficit and causing, by CBO’s estimates, a decline in economic output and an increase in unemployment.
Comparing the Compensation of Federal and Private-Sector Employees
Jan 2012 - This analysis focuses on wages, benefits, and total compensation between 2005 and 2010.
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