Employment and Labor Markets
- Presentation
Approaches to Estimating the Noncyclical Rate of Unemployment
Presentation by Jeffrey Kling, CBO’s Research Director, at the 67th Economic Conference of the Federal Reserve Bank of Boston.
- Report
The Distribution of Household Income in 2020
In 2020, the coronavirus pandemic and the ensuing federal response had significant effects on the distribution of household income. Income inequality before transfers and taxes increased, but inequality after transfers and taxes decreased.
- Working Paper
Exploring the Effects of Medicaid During Childhood on the Economy and the Budget: Working Paper 2023-07
On a present-value basis, CBO estimates that long-term fiscal effects of Medicaid spending on children could offset half or more of the program’s initial outlays, depending on sets of reasonable parameter values.
- Cost Estimate
H.R. 4957, Department of Labor Succession Act
As ordered reported by the House Committee on Education and the Workforce on September 14, 2023
- Cost Estimate
S. 311, U.S. Customs and Border Protection Officer Retirement Technical Corrections Act
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 17, 2023
- Report
An Update to the Economic Outlook: 2023 to 2025
In CBO’s latest projections, economic growth slows and then picks up over the 2023–2025 period. That initial slowdown in economic growth drives up unemployment. Inflation continues to gradually decline.
- Blog Post
A Call for New Research in the Area of Macroeconomics
To enhance its work for the Congress, CBO is looking for new research that illuminates the factors driving trends in productivity growth and interest rates on Treasury securities, and the effects of fiscal policy on broad economic outcomes.
- Blog Post
A Call for New Research in the Area of Labor
To enhance its work for the Congress, CBO is looking for new research that illuminates the effects of immigration on productivity and the factors that cause them to vary, and the effects of changes in federal funding for child care.
- Report
The Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget
CBO analyzed eight scenarios that differ from those underlying the agency’s long-term baseline budget projections—six that vary economic outcomes, one that varies budgetary outcomes, and one that limits Social Security benefits.
- Report
The Economic and Budgetary Effects of Discretionary Funding Caps as Specified in the Limit, Save, Grow Act of 2023
CBO has estimated what the economic and budgetary effects would be if the discretionary funding caps enacted in June 2023 had been those required under H.R. 2811, the Limit, Save, Grow Act of 2023.