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Measuring Technology Adoption: What Can Job Ads Tell Us?

Research in Focus — Sarada of the Wisconsin School of Business and the Fed’s Enghin Atalay uncover a novel way to measure how firms adopt technology.

Featured Work


Working Paper

The Future of Labor: Automation and the Labor Share in the Second Machine Age

WP 21-11 – We study the effect of modern automation on firm-level labor shares using a 2018 survey of 1,618 manufacturing firms in China.



Time Spent at Work Is About More Than Just Wages

Research in Focus – Ryan Michaels of the Philadelphia Fed and economists Michele Battisti and Choonsung Park identify driving forces behind changes in working time and earnings.



Replacement Hiring Means Job Vacancies Beget More Vacancies, Amplifying Swings in the Labor Market

Research in Focus – Michael W.L. Elsby of the University of Edinburgh and the Fed's Ryan Michaels and David Ratner explore how pressure to replace quits drives bigger swings in job vacancies and hiring.

Featured Data

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Livingston Survey

The oldest continuous survey of economists' expectations that summarizes the forecasts of economists from industry, government, banking, and academia

Updated: 18 Dec ’20

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Survey of Professional Forecasters

The oldest quarterly survey of macroeconomic forecasts in the United States

Updated: 12 Feb ’21

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Aruoba-Diebold-Scotti Business Conditions Index

An index designed to track real business conditions at high observation frequency

Updated: 08 Apr ’21

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Real-Time Data Set for Macroeconomists

The real-time data set consists of vintages, or snapshots, of time series of major macroeconomic variables. The data set may be used by macroeconomic researchers to verify empirical results, to analyze policy, or to forecast. New vintages are added monthly.

Updated: 26 Mar ’21

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Measure of the quarter-over-quarter rate of growth of real output in continuously compounded annualized percentage points

Updated: 25 Mar ’21

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Aruoba Term Structure of Inflation Expectations

A continuous curve of inflation expectations three to 120 months ahead, analogous to a yield curve

Updated: 31 Mar ’21